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
Beginner's Guide To MultiCharts Trading Platform: Conclusion
TradingMultiCharts is a professional technical analysis and automated trading software package.
TradingAutomated trading systems minimize emotions, allow for faster order entry, lead to greater consistency and resolve pilot-error problems.
Personal FinanceSystems traders divide their time between trading, developing, backtesting, optimizing and forward testing, to create viable and high-probability trading systems.