Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Tasuki

Tradestation Vs Multicharts

Recommended Posts

There are quite a few things I really do like with Tradestation, but like anything else if you use something frequently enough there are always a couple of things you would like improvement on.

 

2.) Graphics - Obviously this doesn't effect the functionality which is the main reason for using TS to begin with, but after trialing the new version of eSignal for a month I have to say at first glance I thought I was taking a set backwards in some respects moving to TS. I know there a lot of hard core traders and programmer types out there that don't want to waste the resources on fancy graphics and don't think it matters. I am from the school of thought that thinks presentation is what draws you in and makes you feel comfortable ...functionality is what makes you continue to hang around. In that regard TS is a little behind the ball with their Windows 98 graphic styling .

 

From this aspect Multicharts does get a thumbs up over TS.

 

Aston,

Any chance you could post a side-by-side comparison of the graphics of TS and eSignal? I'd give my eye teeth to see what you're talking about. BTW, isn't the Multicharts graphics similar to that of Tradestation? Just curious.

Thanks,

Tasuki

Share this post


Link to post
Share on other sites

Multicharts beats TS in the fact they offer access to multiple brokers ...not necessarily in regards to graphics.

 

One other thing I did really like with eSignal was they gave you the option to hide the individual window headers until you moused over them...makes a big difference in how much less cluttered things looked.

 

eSignal 11+ graphics example

http://www.cybertradinguniversity.com/sites/default/files/imagecache/product_full/eSignal_11_0.png

 

TradeStation example

http://www.tradestation.com/en/trading-technology/whats-new/tradestation-9-0/~/media/Images/TradeStation/Trading%20Technology/Whats%20New%20in%20TradeStation%209%200/Base/01.ashx

Share this post


Link to post
Share on other sites

aston,

Thanks very much for the pix. Much appreciated. As far as brokers are concerned, I have had very good luck with Infinity, so I'll just stay with them. But it would be nice with Multicharts to try out a different data feed. Still hoping someone can suggest a data feed that works especially well with Multicharts. Any MC users that swear by a particular data feed?

Thanks,

Tasuki

Share this post


Link to post
Share on other sites

Well after developing one valid system with Ninjatrader and one failure, and i am looking to switch to Multicharts so i can use Easy Language and code my own systems. Working with Ninja coders is very expensive and does not, in my view produce value. The coders simply look to maximise their time billed, and really don't have the client's interest at heart. I'm very disillusioned by the whole thing. This is not even to get into the license arrangement that NT allows, making it the favorite with coders and developers. Its a commercial platform, designed to sell products and services and does not serve the best interest of the retail trader in MY VIEW.

 

So, i will start the trial of Multicharts today......any users of MC please feel free to give me lots of advice!:)

 

XS

Share this post


Link to post
Share on other sites

Xiao,

This is off-topic, but it'd be great if you could explain for us what this "license agreement" with Ninjatrader is and how it hurts the trader. I have used Ninjatrader (free version, Kinetick EOD data only, no coding) since it first came out, and I don't know anything about this license agreement problem. I think it would be generally helpful to members of Traders Lab if you could explain the problem.

Thanks,

Tasuki

Share this post


Link to post
Share on other sites
Xiao,

This is off-topic, but it'd be great if you could explain for us what this "license agreement" with Ninjatrader is and how it hurts the trader. I have used Ninjatrader (free version, Kinetick EOD data only, no coding) since it first came out, and I don't know anything about this license agreement problem. I think it would be generally helpful to members of Traders Lab if you could explain the problem.

Thanks,

Tasuki

 

I'm referring to licensing of code so to allow limited or controlled use of the algorithms. This protects the coders work from being distributed. NT is the favorite of coders and developers because of the flexibility that this allows in terms of free trials etc. The partner list for NT is growing quickly for this reason, i believe. You don't even need to provide test results, or results with commissions, slippage, so anyone can sell crap to any unsuspecting trader, especially newbie's. NO, i wasn't burned by the process, i just was alarmed when i became aware of it!

 

This is a dream for guys that want to market systems for the sake of marketing systems only. There is no control over this and i fear many will get fleeced. NT's code is the most raw, uninterpreted code, therefore the use of a coder is almost a sure thing unless you have coding experience. I've used Amibroker and Excel before, but i won't even attempt NT. Unfortunately i have a lifetime license...that's where i got fleeced!

 

There is a paradigm shift coming soon for coders and programmers as generic algorithm strategy generators gradually become cheaper and more affordable, there will be no or less demand for trading systems from NT retailers as traders will employ these algorithms to create their own systems that are better suited and perform better than ones developed by coders. The coders day is coming too, and they'll have to become better traders.

 

Not only is the day of the discretionary trader coming to a close (covers his head), but the day of the 'coder for hire' is also coming to a close. Software will not only run the systems we design but design the systems they run....:2c:

 

Cheers,

 

 

XS

Share this post


Link to post
Share on other sites
EL, Finally, somebody who likes MC steps up to the plate. Many thanks for your contribution to the thread. May I ask, what data feed do you recommend for Multicharts?Thanks again!

Tasuki

 

I've used eSignal for years but am probably switching to or adding DTNIQ. I also use the data from TS in MultiCharts. I also have algos that use the Interactivebroker data directly rather than symbol mapping as the shorter timeframes need to trade off the same data as is being executed. I run a lot of algos and a 4 core processor handles it fine with the MC 64 bit version. I can add RAM if needed as I run a VPS.

Share this post


Link to post
Share on other sites
I'm referring to licensing of code so to allow limited or controlled use of the algorithms. This protects the coders work from being distributed. NT is the favorite of coders and developers because of the flexibility that this allows in terms of free trials etc. The partner list for NT is growing quickly for this reason, i believe. You don't even need to provide test results, or results with commissions, slippage, so anyone can sell crap to any unsuspecting trader, especially newbie's. NO, i wasn't burned by the process, i just was alarmed when i became aware of it!

 

This is a dream for guys that want to market systems for the sake of marketing systems only. There is no control over this and i fear many will get fleeced. NT's code is the most raw, uninterpreted code, therefore the use of a coder is almost a sure thing unless you have coding experience. I've used Amibroker and Excel before, but i won't even attempt NT. Unfortunately i have a lifetime license...that's where i got fleeced!

 

There is a paradigm shift coming soon for coders and programmers as generic algorithm strategy generators gradually become cheaper and more affordable, there will be no or less demand for trading systems from NT retailers as traders will employ these algorithms to create their own systems that are better suited and perform better than ones developed by coders. The coders day is coming too, and they'll have to become better traders.

 

Not only is the day of the discretionary trader coming to a close (covers his head), but the day of the 'coder for hire' is also coming to a close. Software will not only run the systems we design but design the systems they run....:2c:

 

Cheers,

 

 

XS

 

Thanks, Xiao, I had no idea that Ninjatrader was such a racket! There is, of course, another racket, and that is the business of hacking protected code. I've heard of at least one place that will crack Tradestation's protected code, and there is no doubt in my mind that some bright guy or gal will get the same idea for Ninjatrader, especially if the pickins' are good. I like the idea that maybe there is a rise in generic code, but I suspect that Ninja will do everything in its power to protect its investment. Do you remember the big hassle we had going from NT version 6.5 to version 7.0? That whole thing was designed to protect the coders. They'll probably try something like that again if they need to do so. Finally I would like to respectfully suggest that the day of the discretionary trader is anything but coming to a close. Exactly the opposite is true.

 

Tasuki

Share this post


Link to post
Share on other sites
I've used eSignal for years but am probably switching to or adding DTNIQ. I also use the data from TS in MultiCharts. I also have algos that use the Interactivebroker data directly rather than symbol mapping as the shorter timeframes need to trade off the same data as is being executed. I run a lot of algos and a 4 core processor handles it fine with the MC 64 bit version. I can add RAM if needed as I run a VPS.

 

Electron, I'm sure you know this, but not all data providers are equal. Some friends of mine and I did a test on live data from three sources, Interactive Brokers, eSignal and Tradestation. What we found, briefly, was that IB had the poorest quality data, eSignal the best, and Tradestation was in between. This was not unexpected. Historically, eSignal started as a data provider, TS as a charting package and IB as a bargain basement broker. Personally, I wouldn't trust IB to wash my underwear, but I know they're very popular because they're cheap. As for DTNIQ, there are rumors that they had a big shakeup some time ago, and that the quality of their data suffered after the company re-organized. Reputations change very slowly in t his business, and so, from what I've heard, DTNIQ's data is still considered high quality. All I'm saying is, do your own homework to see whether there is any truth to this or not.

Tasuki

Share this post


Link to post
Share on other sites
I've used eSignal for years but am probably switching to or adding DTNIQ. I also use the data from TS in MultiCharts. I also have algos that use the Interactivebroker data directly rather than symbol mapping as the shorter timeframes need to trade off the same data as is being executed. I run a lot of algos and a 4 core processor handles it fine with the MC 64 bit version. I can add RAM if needed as I run a VPS.

 

Elect, I'm also using Esignal and IB with MultiCharts, as of today. Have you had any problems with connectivity with either?

 

Cheers,

 

 

XS

Share this post


Link to post
Share on other sites
Electron, I'm sure you know this, but not all data providers are equal. Some friends of mine and I did a test on live data from three sources, Interactive Brokers, eSignal and Tradestation. What we found, briefly, was that IB had the poorest quality data, eSignal the best, and Tradestation was in between. This was not unexpected. Historically, eSignal started as a data provider, TS as a charting package and IB as a bargain basement broker. Personally, I wouldn't trust IB to wash my underwear, but I know they're very popular because they're cheap. As for DTNIQ, there are rumors that they had a big shakeup some time ago, and that the quality of their data suffered after the company re-organized. Reputations change very slowly in t his business, and so, from what I've heard, DTNIQ's data is still considered high quality. All I'm saying is, do your own homework to see whether there is any truth to this or not.

Tasuki

 

I trade ES and HSI.

I have been using IB for my data.

In the past I have used eSignal and tried a couple other datafeeds.

I found IB data adequate for my purpose.

 

Many people complained about IB's data.

I analyzed their data and compared them with eSignal (it was considered the best at the time), I found that if my system's profitability relies on the data's micro-accuracy, I really do not have a workable system. Because no matter how good the datafeed, it is not accurate; It has missed trades, it has delayed timming, it has aggregated quotes. Even if you are sitting on the trading floor, the data is massaged.

 

YMMV... some need more, some need less.

If your profit is from market delta, VSA, etc., you might need more.

If your profit is from scalping, you will need more.

If your profit is from swing trading, you can probably use less.

 

Examine your method... and find whatever works for you.

Share this post


Link to post
Share on other sites
So true! But what about that service!!!??:rofl:

 

Xiao, you're such a joker. A friend of mine was using IB (in defiance of his friends' warnings) and his connection to the IB servers crashed while he was in a position. He called IB's customer service to ask them to get him out of his position. Their customer service kept him on the phone for 45 minutes, passing him from one person to another without ever addressing his need to get out of his position. His Tradestation feed was still working, and he watched the position go against him more and more, and he got more and more desperate, but no matter how he pleaded, the IB support didn't get around to actually listening to his request for three quarters of an hour. Finally, they got him out, but he swore that they were taunting him the entire time. Needless to say, he took his money (what was left of it) out of IB the next day.

The funny thing is, you hear these stories about IB all the time, and yet some people, including one of the people in our trading group, have had only good luck with IB's customer service. I guess it just depends on whether you want to take the risk of losing your shirt, so to speak, in order to get the low commissions.

 

Tasuki

Share this post


Link to post
Share on other sites

A little off topic, but i need a little help...how do i import my historical data into Multicharts? The HSI for example... do i create a custom symbol for the historical data? In ninjatrader i would use the HSI ##-##, but not sure what to do in MC....? Still looking on the forum for MC...

 

Any ideas Tams?

 

Cheers,

 

 

XS

Share this post


Link to post
Share on other sites
A little off topic, but i need a little help...how do i import my historical data into Multicharts? The HSI for example... do i create a custom symbol for the historical data? In ninjatrader i would use the HSI ##-##, but not sure what to do in MC....? Still looking on the forum for MC...

 

Any ideas Tams?

 

Cheers,

 

 

XS

 

what kind of data do you have?

is it a continuous contract data?

do you have your data in an ascii file?

 

if you are using esignal, you don't need to enter the historic continuous data, because esignal has it all prepared for you.

 

 

if you have an ascii file

you have to create a symbol in MC first, then import the data into it.

 

go to QuoteManager

right click on the symbol you have created,

select import data

Share this post


Link to post
Share on other sites
what kind of data do you have?

is it a continuous contract data?

do you have your data in an ascii file?

 

if you are using esignal, you don't need to enter the historic continuous data, because esignal has it all prepared for you.

 

 

if you have an ascii file

you have to create a symbol in MC first, then import the data into it.

 

go to QuoteManager

right click on the symbol you have created,

select import data

 

Thanks Tams,

 

The data is from Tickdata.com

 

I can format it into what i want and in continuous contracts using their tick writer.

 

I use eSignal but they do not have much historical data.....

 

I have 5 years of HSI data....can i name my symbol whatever i want? For example HSI ##-##?

 

Cheers,

 

 

XS

Share this post


Link to post
Share on other sites

After 1 week of using MultiCharts and can say that its much easier to use than NT. Everything seems to be in the 'right place' if you know what i mean. I like the charts too, the basic ones by default are simple and clean. The workspaces work really well and seem to use less resources from my PC than NT.

 

Hooking up to my broker is quite easy. Getting data into it for testing is simple too. The quote manager works very well.

 

One thing i noticed is how relatively quiet their support forum is too, compared to NT's.:confused:

 

So far this has been one of the smartest things I've done over the last 8 months.

 

Go MultiCharts!

 

XS

Share this post


Link to post
Share on other sites
After 1 week of using MultiCharts and can say that its much easier to use than NT. Everything seems to be in the 'right place' if you know what i mean. I like the charts too, the basic ones by default are simple and clean. The workspaces work really well and seem to use less resources from my PC than NT.

 

Hooking up to my broker is quite easy. Getting data into it for testing is simple too. The quote manager works very well.

 

One thing i noticed is how relatively quiet their support forum is too, compared to NT's.:confused:

 

So far this has been one of the smartest things I've done over the last 8 months.

 

Go MultiCharts!

 

XS

 

Thanks for reporting back. Based on your review, I'm once again optimistic with Multicharts. I gave up on them about three years ago. Would you mind posting any favorite charts along with your fav indicators?

Share this post


Link to post
Share on other sites
Thanks for reporting back. Based on your review, I'm once again optimistic with Multicharts. I gave up on them about three years ago. Would you mind posting any favorite charts along with your fav indicators?

 

Well i don't use any indicators with coded systems, but i like the little bar timer under the marker....You had to add that in NT.

 

I just like the relative functionality.

 

XS

MC.thumb.GIF.0cc6bf20d8f014017c4080e013eaf670.GIF

Share this post


Link to post
Share on other sites
Xiao si, glad you are happy with MC. But I will never switch. I love my TS.

 

My trading coach uses TS and he said he'll be the last one to switch lol!

 

Cheers,

 

 

XS

Share this post


Link to post
Share on other sites

I hope I am not posting in the wrong thread but I need help formatting some 3rd party data for TS

 

I would like to exclude the last 2 lines in this data sample . I am aware that the instructions has to be written in the attributes folder and that ,, needs to be written on the header line, but I am not sure how to do it correctly. Below in my sample data you will see there are 9 columns of data, representing

date open high Low close, volume open interest, I would like to exclude the last 2 columns

 

199503,461.45000000

 

I can delete them using Excel, but I wanted to know if there was a easier way using either the attribute folder, or including some instructions in the header line within the data

 

date open high Low close, volume openinterest

19950103,821.75000000,822.50000000,820.75000000,82 2.00000000, 48984, 211544,199503,461.45000000

 

 

 

thanks very much

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • MNST Monster Beverage stock, top of range breakout above 60.45, from Stocks to Watch at https://stockconsultant.com/?MNST
    • there is no avoiding loses to be honest, its just how the market is. you win some and hopefully more, but u do lose some. 
    • Date: 11th July 2025.   Demand For Gold Rises As Trump Announces Tariffs!   Gold prices rose significantly throughout the week as investors took advantage of the 2.50% lower entry level. Investors also return to the safe-haven asset as the US trade policy continues to escalate. As a result, investors are taking a more dovish tone. The ‘risk-off’ appetite is also something which can be seen within the stock market. The NASDAQ on Thursday took a 0.90% dive within only 30 minutes.   Trade Tensions Escalate President Trump has been teasing with new tariffs throughout the week. However, the tariffs were confirmed on Thursday. A 35% tariff on Canadian imports starting August 1st, along with 50% tariffs on copper and goods from Brazil. Some experts are advising that Brazil has been specifically targeted due to its association with the BRICS.   However, the President has not directly associated the tariffs with BRICS yet. According to President Trump, Brazil is targeting US technology companies and carrying out a ‘witch hunt’against former Brazilian President Jair Bolsonaro, a close ally who is currently facing prosecution for allegedly attempting to overturn the 2022 Brazilian election.   Although Brazil is one of the largest and fastest-growing economies in the Americas, it is not the main concern for investors. Investors are more concerned about Tariffs on Canada. The White House said it will impose a 35% tariff on Canadian imports, effective August 1st, raised from the earlier 25% rate. This covers most goods, with exceptions under USMCA and exemptions for Canadian companies producing within the US.   It is also vital for investors to note that Canada is among the US;’s top 3 trading partners. The increase was justified by Trump citing issues like the trade deficit, Canada’s handling of fentanyl trafficking, and perceived unfair trade practices.   The President is also threatening new measures against the EU. These moves caused US and European stock futures to fall nearly 1%, while the Dollar rose and commodity prices saw small gains. However, the main benefactor was Silver and Gold, which are the two best-performing metals of the day.   How Will The Fed Impact Gold? The FOMC indicated that the number of members warming up to the idea of interest rate cuts is increasing. If the Fed takes a dovish tone, the price of Gold may further rise. In the meantime, the President pushing for a 3% rate cut sparked talk of a more dovish Fed nominee next year and raised worries about future inflation.   Meanwhile, jobless claims dropped for the fourth straight week, coming in better than expected and supporting the view that the labour market remains strong after last week’s solid payroll report. Markets still expect two rate cuts this year, but rate futures show most investors see no change at the next Fed meeting. Gold is expected to finish the week mostly flat.       Gold 15-Minute Chart     If the price of Gold increases above $3,337.50, buy signals are likely to materialise again. However, the price is currently retracing, meaning traders are likely to wait for regained momentum before entering further buy trades. According to HSBC, they expect an average price of $3,215 in 2025 (up from $3,015) and $3,125 in 2026, with projections showing a volatile range between $3,100 and $3,600   Key Takeaway Points: Gold Rises on Safe-Haven Demand. Gold gained as investors reacted to rising trade tensions and market volatility. Canada Tariffs Spark Concern. A 35% tariff on Canadian imports drew attention due to Canada’s key trade role. Fed Dovish Shift Supports Gold. Growing expectations of rate cuts and Trump’s push for a 3% cut boosted the gold outlook. Gold Eyes Breakout Above $3,337.5. Price is consolidating; a move above $3,337.50 could trigger new buy signals. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.