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Old 03-09-2012, 01:54 AM   #1

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Tradestation Vs Multicharts

tradestation has given me notice that they won't be supporting my favorite version of their software, the old version 8.7 (later versions suck). So, I'm considering where to go, and I heard somewhere that I might be able to import my tradestation indicators into Multicharts. Is this true? If anyone knows, please gimme some advice here. How similar is Multicharts to tradestation? Are there any major disadvantages to Multicharts?
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Old 03-09-2012, 08:56 AM   #2

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Re: Tradestation Vs Multicharts

Quote:
Originally Posted by Tasuki »
tradestation has given me notice that they won't be supporting my favorite version of their software, the old version 8.7 (later versions suck). So, I'm considering where to go, and I heard somewhere that I might be able to import my tradestation indicators into Multicharts. Is this true? If anyone knows, please gimme some advice here. How similar is Multicharts to tradestation? Are there any major disadvantages to Multicharts?
Thanks,
Tasuki
you can import most of the tradestation indicators into MultiCharts.

"most" means not 100%.

it is easier to import TS indicators into MC than the other way around,
because MC has added a host of new keywords that are not available in TS.
eg. sub-minute analysis keywords.

some indicators might need minor adjustments.
eg. if the indicator has multiple plots, MC would place plot1 at the lowest layer, while TS would place plot1 at the highest layer.
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Old 03-09-2012, 11:24 AM   #3

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Re: Tradestation Vs Multicharts

Quote:
Originally Posted by Tasuki »
tradestation has given me notice that they won't be supporting my favorite version of their software, the old version 8.7 (later versions suck). So, I'm considering where to go, and I heard somewhere that I might be able to import my tradestation indicators into Multicharts. Is this true? If anyone knows, please gimme some advice here. How similar is Multicharts to tradestation? Are there any major disadvantages to Multicharts?
Thanks,
Tasuki
The newer versions of TS include very useful object oriented programming. I am very curious to know what you can do in 8.7 that you can not do in 9.1, or what 8.7 does different from 9.1.

The new versions are faster, have made moves towards multi-threading and as far as I know contain all the features of the older versions plus some powerful new features - could you please be more specific in why you say the newer versions "suck."

UB
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Old 03-09-2012, 12:33 PM   #4

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Re: Tradestation Vs Multicharts

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Originally Posted by UrmaBlume »
The newer versions of TS include very useful object oriented programming. I am very curious to know what you can do in 8.7 that you can not do in 9.1, or what 8.7 does different from 9.1.

The new versions are faster, have made moves towards multi-threading and as far as I know contain all the features of the older versions plus some powerful new features - could you please be more specific in why you say the newer versions "suck."

UB
UB,

The problem with the newer versions of TS is that they try to be all things to all people. There's a stock scanner which I don't need, and an options platform I don't need, and a Forex platform I don't need, and even an order entry form I don't need [smart scalpers never use TS for order entry], and heaven knows what other crap they've tacked onto their already-massive program. With all of these "appendages" to their charting software, it's quite understandable that their charting software crashes alot. Admittedly, with 12 monitors, 15 workspaces, dozens of charts and more than a hundred indicators, I do push tradestation more than most people. So, if TS works for you, then great---you're not pushing it, but the older version, 8.7, works just fine, no matter how hard you push it. I'm not the only one---lots of people have complained about the later versions of tradestation.
Here's a link:
https://community.tradestation.com/D...PAGE=3&#609018
Not sure if you can use that link, but if you can, it takes you to a thread within tradestation's forum in which users are complaining about TS 8.8 (and 9.0 and 9.1) crashing so hard that it locks up their computer. As a result, tradestation engineers created a "killscript" (a batch file) to manually shut down tradestation. That is a stupid way to put a bandaid over the problem (and the killscript doesn't actually work, either). What they SHOULD have done is to take the advice of many users (myself included) and create multiple versions of the software, including one version for futures traders which is "stripped down", meaning that the scanner, the options garbage, the forex garbage and all that nonsense is removed. If tradestation were really on the ball, they'd create customized versions for options traders, forex traders, stock traders, and futures traders, but they're not that bright, apparently.

So, the bottom line is that the newer versions, anything beyond 8.7, suck because they crash, and crash hard. When 9.1 came out, I thought maybe they'd finally gotten their act together, so I installed it, only to find that it crashed hard (froze my computer) within 2 days of using it. I called tech support, and the poor, exhausted tech on the phone said that he'd received so many complaints about 9.1 that he recommended just deleting it and going back to 8.7. I did so, and about a week later I got this message that tradestation was discontinuing 8.7, hence my desire to find a different charting package.

For the record, multi-threading would be a good thing if they could actually get it to work. For the record, computer programming in general is a gimic that is useful only for people who don't know how to trade. It will waste your time and it won't help you make money if you don't already know how to trade. It will, however, provide thousands of hours of programming fun, if that's what you really like to do.

Tasuki
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Last edited by Tasuki; 03-09-2012 at 12:57 PM.
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Old 03-09-2012, 12:56 PM   #5

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Re: Tradestation Vs Multicharts

Quote:
Originally Posted by Tams »
you can import most of the tradestation indicators into MultiCharts.

"most" means not 100%.

it is easier to import TS indicators into MC than the other way around,
because MC has added a host of new keywords that are not available in TS.
eg. sub-minute analysis keywords.

some indicators might need minor adjustments.
eg. if the indicator has multiple plots, MC would place plot1 at the lowest layer, while TS would place plot1 at the highest layer.

Thanks, Tams. Sounds "do-able". My indicators are just the basic ones, slightly tweaked but not re-programmed.
The best part of tradestation (and the reason I've stayed with them this long) is because their architecture of charts within workspaces within desktops, is miles ahead of other charting packages.
*Does Multicharts have a similar architecture?*
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Old 03-09-2012, 01:02 PM   #6

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Re: Tradestation Vs Multicharts

Quote:
Originally Posted by Tasuki »
Thanks, Tams. Sounds "do-able". My indicators are just the basic ones, slightly tweaked but not re-programmed.
The best part of tradestation (and the reason I've stayed with them this long) is because their architecture of charts within workspaces within desktops, is miles ahead of other charting packages.
*Does Multicharts have a similar architecture?*
Tx,
Tasuki
MC pretty well started as a copy of TS, but have evolved. The charts within workspaces are the same. You can download a 30 days free trial to test out your indicators.

You will find MC runs a bit faster, because it uses all the cores of a multi-core CPU, while TS is only multi-threaded.
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Old 03-09-2012, 02:18 PM   #7

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Re: Tradestation Vs Multicharts

I am using TS9.0 with Windows 7, 64 and have experienced none of the "crash" issues you mention. I am a TS add-on developer and easy language specialist, our apps make great demands on TS and we have none of the difficulties you mention.

Multi-charts is a TS knock-off done by some of the same Russian developers that worked on TS. They have no object orientated programming without which system automation is primitive at best.

The new TS Order, Price Series and Position objects are the first to make a FIX like protocol available to retail traders.

All that is not to mention the data. TS offers 6 mos of tick data and decades of data in 1 minute and up time frames which is more than any vendor that supplies MC and the data is cleaner.

But then again all of that means nothing when your position is as stated below that programming/software is "in general a gimic."

Quote:
Originally Posted by Tasuki »
UB,............For the record, computer programming in general is a gimic that is useful only for people who don't know how to trade. ...........
Tasuki
LOL - Tell that to those at Goldman and at Renaissance

We disagree and believe that "Success in the markets is not about instinct, divine inspiration or spontaneous intellectual combustion. It is about intelligent data processing, sound method and the management of risk and resource that is both effective and adaptive to change."



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Old 03-09-2012, 05:04 PM   #8

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Re: Tradestation Vs Multicharts

The latest version of tradestation uses all cores of a multi-core cpu. It's data transmission protocal has been totaly rewritten and it rocks.
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