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Beginner's Guide To MultiCharts Trading Platform: Advanced Features

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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
Source: www.multicharts.com




SEE: The Pros And Cons Of Automated Trading Systems

Next: Beginner's Guide To MultiCharts Trading Platform: Conclusion »


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Jean Folger

Jean Folger
Jean Folger is a technical analyst and system researcher with PowerZone Trading, author of the award-winning book Make Money Trading: How to Build a Winning Trading Business, and a private trader specializing in the e-mini markets. Jean is an affiliate of the Market Technicians Association, a regular contributor to Futures magazine and was previously a real estate broker.

PowerZone Trading develops commercial technical trading indicators and trading systems for the TradeStation, NinjaTrader and MultiCharts trading platforms. The company is a TradeStation EasyLanguage Specialist and Add-on Developer and provides custom programming and consulting services for active traders.

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