MultiCharts FOREX Trading Platform Review
If you have ever used TradeStation, you will take to MultiCharts easily. For what appears to be a relatively small company, MultiCharts 7 is remarkably stable and robust. Broker integration is a bit cloudy to me, but full integration and automated trading are new features in version 7. It has some very clever and useful tools not available on any other platforms I have reviewed.
The scripting language, Power Language, is almost identical to TradeStation's EasyLanguage. It is a good trade-off between robust and simple to learn and use.
The MultiCharts platform for FX is MCFX. It has been customized to meet the needs of currency traders. They offer FXCM only as a broker at this time. However, FXCM has one of the largest liquidity pools of all retail FOREX dealers. As we go to press, MultiCharts may add PFGBest to their provider list. This would be a big arrow in their quiver.
The downside: broker integration is still weaker than MetaTrader, NinjaTrader, and eSignal.
The upside: if you like TradeStation, you will love MultiCharts. Service is excellent although documentation and learning tools need to be embellished. The platform is very feature-rich and has some nice touches unavailable elsewhere.
MultiCharts report card: broker support: C; features: B+; stability: B+; vendor support: A-; ergonomics and ease of use: A; third-party support: A. See Figure .
[caption id="attachment_12987" align="aligncenter" width="550"] MultiCharts 7 -- www.multicharts.com[/caption]