MultiCharts supports automated trading, including the ability to perform backtesting on historical data, strategy optimization and walk-forward testing. It comes with over 200 pre-built studies utilizing many popular trading concepts. The trader has access to the code and can modify any study to fit his or her exact needs. In addition, the trader can write his or her own code in the PowerLanguage environment or work with a qualified programmer to develop any indicators and strategies.
Figure 32: Advanced features

SEE: The Pros And Cons Of Automated Trading Systems

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