What's New in MultiCharts 3.0?

Version 3.0 of MultiCharts was released on April 15, 2008. Here's a list of new features...

Strategy Back-Testing and Automation

• Intra-bar order generation

• Dynamic portfolio strategy back-testing and optimization

• All-new auto-trading engine. You can now be sure that your trade will be executed at a specified price because the limit order command can be written in a script. The program will automatically use OCA orders when it is important to avoid triggering the remaining orders when one of those is executed. Exits/entries can now be made through stop orders as well.

Unfilled limit and stop orders can now be automatically converted into market orders after the predetermined time-out elapses. This is a very important feature because limit and stop orders often can't be executed. However, the trading simulator cannot factor this in because it calculates strategies on trades. As a result, the real and virtual trading results are different. To avoid this problem, just enable the unfilled order conversion with, say, a 5-second timeout.

The auto-trading engine is seamlessly integrated with the familiar PowerLanguage key words which you use for back-testing. Therefore there will be no need to insert any additional commands to have auto-trading work.

The same symbol can now be traded from different charts/strategies. The program monitors market position for each chart separately which prevents conflicts between different strategies.

All the orders similar to SetStopLoss are now working. Financial advisor accounts are supported.

General Improvements

• Brand-new GUI

• Detachable windows for efficient multi-monitor support. No more need to drag charts onto different monitors at program start

• Ability to abort workspace loading

• Ability to rename workspaces by clicking on workspace tabs

• All-new help system

Charting

• Plotting a chart without adding the symbol in QuoteManager. Symbol names can be just typed into the command line.

• Data is displayed as soon as it is loaded. The result is shorter expectation time for a chart to be plotted

• Increased charting speed and reliability

• Faster data loading in the offline mode

• Improved drawing tools behavior

• Data & Indicator values export from charting

• Cancel inserting a drawing by pressing Esc

Data Feeds and Data Management

• Multiple symbol editing in QuoteManager

• Updated Interactive Brokers data source. TWS881 supported. New features:

• Parallel data loading

• Faster loading of minute charts

• The option to use 1 or 15 second bars as ticks to speed up chart plotting

• The option to use 1 or 15 minute bars as minutes to speed up chart plotting

• Ticks are not requested for the periods with no minute data available

• Updated TranscAct data source. New features:

• New API supported

• Updated IQFeed data source. New features:

• IQFeed4.3 supported

• Checks for zero values on Low and High for the day's real-time data

• Updated TradeStation data source. New features:

• Working in the offline mode does not result in excessive reloads

• Updated OpenECry data source. New features:

• New API supported

• Parallel data loading

• Faster loading of minute charts

• Updated Metastock data source added. When adding symbols an exchange can be chosen. The symbol will be added into the database with this exchange

Programming Language/Script Editor

• Reserved words descriptions and examples can now be viewed directly in PowerLanguage Editor

• Fast code compiling or execution option

• Considerably improved identification of error type and location during the compiling process

• GetAppInfo functions added

Click the link below to try MultiCharts and all the new features included in version 3.0.

Click Here to Test-Drive MultiCharts 3.0 - Complimentary 30-Day Trial!