Tradestation Vs Multicharts | Which one is the BEST!

[@CapitalFundingInsight]

great info! have you found any tool to extrapolate/copy trades from MC to Metatrader so far?

[@StatOasis]

there will not be any, as these are two different engines using different timestamp and two completely different programming language

[@michaelxz1305]

​@@StatOasisthose are not obstacles.. the problem is that there is not a good market case for it.

[@2ptardif]

As alway, very informative and great content! My best moment of the day is to watch one of your clip daily! You mentionned at 6:02 that Tradestation has different platform and account for trading, does it mean that if you have Future account that only Future data will be available and nothing for stock or options? Also do you already check quickly if options data on stock and index can go up 1980 years ? BTW, does SQX has a Black Friday addtionnal discount than your good 23% discount?

[@StatOasis]

Each asset needs its own account and capital. So you can use TradeStation broker to trade futures, stocks, options, currencies, but you need to open separate account for each. I dont know about options but you get one of the longest data history in the market for stocks and futures My coupon “statoasis” will always get you the best price for SQX

[@2ptardif]

@@StatOasis And do you know if with an account from one asset you can see the data asset for the other asset if you didn't have this asset account?

[@StatOasis]

data is a subscription that you can add to your account

[@shinyam8335]

Can US residents open a Tradestation brokerage account? Which one do you recommended Multicharts standard and Multicharts net? Thanks Ali.

[@StatOasis]

You can open tradestation account from many countries including US Multichart standard is only for trading, to backtest and use portfolio you need Multichart strategy pack (uses easy language) Multichart net uses c# only for programming

[@eddyv524]

With multicharts can you run multiple strategies at the same time in a paper trading on an IB account?

[@StatOasis]

Yes

[@Hitescape]

When I look at Multi Chart pricing, I see that there is a Backtesting Add-On that boosts the price to over $2,700. Is that Add-On necessary or will the Advanced Strategy Pack suffice for backtesting like your videos demonstrate?

[@StatOasis]

ASP is good for everything you see on the channel please use my link go.statoasis.com/MC, thanks.

[@ArunSharma-ek9tl]

Great video. Is it possible on Multcharts to run multiple IBKR accounts?

[@StatOasis]

I believe so

[@Sumee21051987]

Awesome video. Thank you.

[@StatOasis]

Glad you liked it!

[@BillGodbey]

Just want to make sure that if you have trading strategies in MC and want to start trading them live, will you be able to link them to Tradestation for trading?

[@StatOasis]

You cant trade MC strategies in your Tradestation account, but you can trade MC strategies using tradestation data as data provider

[@AzubuikeCoolj]

Do I really need multi charts if I have Strategyquant?

[@StatOasis]

great question, while they overlap, they don't serve the same function. MC is a charting software with the ability to test complex code and portfolios. SQX is a data mining package that can build a lot of strategies randomly or guided then tested, filter, save, repeat all on auto.

[@uiop5898]

Thanks Ali. I am frustrated with automation issues on TS at least for 10% of my orders. What is the broker you use with MC. Is it reliable for automation ?

[@StatOasis]

just know that no platform is perfect. MC has its own issues, but it's trumps TS with its portfolio trader

[@uiop5898]

@@StatOasis Thanks Ali. But does it have automated strategy trades that are not executed ?

[@luisarenasortiz6598]

Great video Ali thanks. Can I connect tradestation with SQX for data feed?

[@StatOasis]

Officially u cant, but one of the community members mentioned they did it

[@luisarenasortiz6598]

@@StatOasis thanks. What about IB? Can I connect interactive broker as data feed with SQX? Unfortunately I can't open a TS account from my location. Big thanks

[@StatOasis]

officially no external data connection is possible, you can still import manually any data. Stocks, forex and crypto are available for free SQX have their own data feed, one minute resolution for futures and stocks, you can use coupon "STATOASIS" at checkout to get 23% off

[@hasantao]

Hi Ali, Thank you for this video. It was very informative. Can you please let me know what tools you are using for trading? It seems you are using tradestation, multichart and Tradersync. Are there any other tools you are using? It would be great to make a video about it. Thank you.

[@StatOasis]

the list of tools are big and they go and out of favor over time, but currently I use Tradestation for data, Multicharts to build/test/trade futures, and SQX to build/test and soon to trade stock portfolio strategies

[@hasantao]

@@StatOasis great. I would love to know why you prefer SQX over Multichart for stock trading?

[@StatOasis]

their new stock picker engine allows you to rank stocks inside a strategy and trade top x numbers only

[@hasantao]

@@StatOasis very interesting. This is like what Perry Kuafman mentioned in his interview. Super cool.

[@PainlessTrader-h1u]

The biggest advantage train station has is that their integrated as a broker and data provider.

[@StatOasis]

unfortunately there is no perfect platform, you have to go with the best fit for you

[@vt1707]

Thanks, what is the best software overall? besides those two

[@StatOasis]

There is no one best solution, it all depends on what programming language you know or want to learn or if you only want to trade without programming

[@vt1707]

@@StatOasis Hey, i'm coding in Easylanguage

[@StatOasis]

then you are at the right place with either TS or MC

[@michaelpuett6358]

Thank you this is a great video!

[@StatOasis]

Glad you enjoyed it!

[@tal3298]

Is it possible to Activate Startegy on MultiCharts and Send it to TradeStation ? I Can't See any TradeStation Broker Profile...

[@StatOasis]

tradestation is their own broker, so they don't connect to other brokers. there are external commercial tools to take tradestation orders and send it to other traders.

[@tmhd2175]

Hello Ali I have a question I made some robots using SQX and the strategys was profitable on backtesting but when I Demo tested it in my MT4 I saw that stop loss is not at right place. what is the solution to this problem

[@StatOasis]

Could be many things, but start with simple stop loss like yesterday low to see if code behaves as expected, then if it works that means the code for your current stop has issues. It could be data, time frame, spread, etc.

[@PainlessTrader-h1u]

Multicharts is way better than trade station but the problem with multicharts is if you're in the United States there's only one company you can trade stocks with on multi charts and that's interactive brokers. An interactive brokers connection is so hokey it's a total nightmare...

[@StatOasis]

unfortunately there is no perfect platform, you have to go with the best fit for you

[@darrel1954]

Do you have comparisons to trading view

[@StatOasis]

I dont have one, but here is the summary: Trading view is the best charting software I’ve seen in my 2 decades of trading but limited in back testing, still powerful programming language. limited brokers.

[@mrountree28]

What website are you on at 7:36 in the video?

[@StatOasis]

it is a trade journal service, tradersync

[@bulentbildik9716]

Great videos. A lot of useful info on stats. Hope you do some real time trading using the strategies. Thanks Ali. greetings from UAE

[@StatOasis]

Thanks, will do!

[@jccgold]

@@StatOasis we can feed the data from TradeStation to Multicharts? Have you made a video on how to do it?

[@TRAD3R_GURU]

Do you have opinion about NinjaTrader?

[@StatOasis]

there are many good platforms (including NT), the problem is the programming language. I hired a programmer to convert one of my TradeStation strategies for the course (2 lines of code) to MT4 and it bloated to +60 lines of code, 4 versions to get it to work, and I couldn't even read it. Tradestation platform is free, quality free data, good robust back testing engine, and with Multicharts you get same language with good portfolio testing. Amibroker is even better engine, but still a new language to learn, Other platforms has to offer double the benefits to compete with easy language. I would rather learn Python instead of another proprietary language

[@md-oe4wg]

Can Canadians open a Tradestation brokerage account?

[@StatOasis]

unfortunately no, try go.statoasis.com/MultiCharts

[@modernutilities2057]

Is Tradestation data really free if you deposit 2000$ on their account?

[@StatOasis]

yes it is

[@modernutilities2057]

@@StatOasis Do you have a link to open an account? I'm a german citizien.

[@StatOasis]

you have to get in touch with them, I have some students who are in Europe and they managed to open an account through services like Wise