Tuesday, April 14, 2009

Multicharts - analog Tradestation

MultiCharts is a professional automated trading platform designed for traders who specialize in trading currencies, stocks and futures. MulitCharts main feature is its compatibility with TradeStation trading platform and the language of EasyLanguage. MultiCharts includes powerful and flexible tool for chartinga, and also supports most of the leading suppliers of data.

Initial setup






Appearance, indicators and tools Multicharts programs are virtually identical with Tradestation 8; suited for it and imported all the systems and indicators, written for TradeStation (not without website program called TS Support).

Built in programming language similar to language Easy Language of Omega Tradestation 2000 and Tradestation 8 (Multicharts it is called Power Language). Also Multicharts contains its own unique functions: for example, the optimizer embedded systems based on genetic algorithms, providing a huge (by an order of magnitude or more) the speed of testing and optimization of trading systems compared to traditional methods, as well as a module of three-dimensional visualization of test results.





Inserting and configuring various tools occurs as in conventional programs tehanaliza.



Implemented flexible temporary, as well as ticks frames, as well as a great tool for chartinga to adjust any trade system to fit your needs and preferences.

Modules Multicharts

The program consists of several modules:

Power Language Editor - internal language program, also serves to write additional functions and indicators.

QuoteManager - work with suppliers for quotations, configuring, importing, exporting.

3D Optimization Charts - module three-dimensional visualization of the results.

Portfolio Backtester - trading portfolio and its testing on historical data.


Setting quotations (Datafeed)



Setting up the import of quotations by using the module QuoteManager. Part of the module Multicharts to get quotes allows you to connect a variety of sources: Global Server from Omega Tradestation, data transfers in real time via DDE from any program that supports this method (for example, of Metatrader), import files in ASCII text format and the format Metastock, obtain quotations from paid programs eSignal, QFeed, IQFeed, Interactive Brokers and others - in total more than 18 different sources. The site has a detailed program of video-management settings of import prices.

Summary Table of suppliers for quotations Multicharts and their characteristics is given here at the bottom of the page.

Development of indicators and trading systems



As already mentioned, Multicharts provides flexible tools for writing your own indicators using the language of Power Language. This makes Multicharts suitable for the professional trader, allowing any program the trading system.

Portfolio Backtester



Portfolio Backtester allows the trader to create your own trading portfolio. By choosing
tradable instruments (equities, currencies, futures), the trader can test your system on historical data and to identify positive or negative aspects of their trade.



3D Optimization Charts

Module 3D-visualization of the results gives a graphical representation of how the parameters of the trading system affect its quality.



3D-graphics will help to define reliable parameters of the trading system, as well as to avoid over-optimization. For example, the system, quality and productivity by dramatically changing, with a slight change of parameters can not be considered reliable.

The schedule can be built on the ratio of any of the optimization criteria: Net Profit (total revenue), Percent Profitable (% of successful transactions), Max Drawdown (Maximum Drawdown) with different parameters.

System Requirements

Operating system: Windows 2000, Windows XP SP2, Windows XP x64, Windows Vista, Windows Vista x64

Minimum
Processor: 1 GHz
RAM: 256 MB
Space: 200 MB

Recommended
Processor: Pentium 3 GHz or Dual Core
RAM: 1 GB of RAM
Space: 1 GB

Note that Multicharts support multiple monitors: the program is not tied to the parent window, you can drag anywhere, conveniently located them on two or more screens.

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