MultiCharts

Tentang MultiCharts platform

MultiCharts is an award-winning charting and technical analysis platform that offers traders high-definition charts and an extensive array of technical indicators. The platform is compatible with various brokerage trading services and supports live and simulated trading.

Its patented PowerLanguage programming language caters well to amateur programmers, with a wide range of third-party add-ons available for customization. MultiCharts supports multiple data feeds and brokers, ensuring flexibility in accessing market data from different providers. Moreover, it boasts a dedicated customer support team available 24/7, offering assistance via remote desktop connection, discussion forums, and video tutorials.

While MultiCharts offers a 30-day free trial, users must subscribe to continue using the platform. Subscription plans range from

• $291 for a three-month subscription, equivalent to $97 per month.
• $534 for a six-month subscription, equivalent to $89 per month.
• $797 for a one-year subscription, equivalent to $66 per month.
• A lifetime subscription is available for $1497.

The Market Scanner in MultiCharts is a valuable tool for active traders, offering automatic updates at set intervals as frequent as one minute. Setting up scans is straightforward, with access to a library of indicators and signals within MultiCharts or the ability to create custom functions using PowerLanguage.

The Market Data Replay in MultiCharts allows traders to practice anticipating price movements by replaying historical market data. Traders can start playback at any point in the past, adjust replay speed, and analyze multiple tools simultaneously. This feature is useful for honing price-predicting skills and testing trading strategies in a controlled environment.

MultiCharts also offers discretionary trading features, allowing users to generate orders manually outside of automated scripts. Orders can be created through a vertical ladder-style Depth of Market interface or directly from a market data chart. 

Below are overview of pros and cons of the MultiCharts trading platform. 

Pros

• With MultiCharts, users can replay market movements across multiple chart windows.
• The platform boasts fast and multi-threaded backtesting capabilities.
• With MultiCharts, trading operations are streamlined. Users can execute trades with just a click of the mouse, enhancing efficiency.
• MultiCharts offers a 30-day free trial on a fully-featured demo server.
• MultiCharts does not charge commissions on trades executed through the software.

Cons

• Users need a subscription to a compatible brokerage for data feed access, adding a cost factor to using the platform.
• MultiCharts subscriptions are comparatively expensive compared to other platforms.
• Installing MultiCharts can be time-consuming due to the software’s heavy size.
• The inability to search for indicators, signals, and functions within MultiCharts is also a drawback.

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