Best Forex Broker for MultiCharts... ?

Questions about MultiCharts and user contributed studies.
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Gargoyle
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Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 20 May 2014

Hi everyone!

I am looking for automatically trading the Forex market with MultiCharts and I am new to this platform...

It seems there are at least 10 Forex Brokers available for Multicharts...

I would like to ask you, which one in your opinion has the very best service for trading automatic strategies with MultiCharts in terms of reliability, quality and transparency.

If possible, justify your answers up on live trading experience with them.

Thank you!

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Andrew MultiCharts
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Re: Best Forex Broker for MultiCharts... ?

Postby Andrew MultiCharts » 21 May 2014

Hello Gargoyle,

You can find the list of data providers/brokers working supporting forex in MultiCharts here.

I am afraid i cannot recommend any broker in particular, because we are broker-neutral platform. You can see some details of connection to each of them here. I believe other customers will let you know about their experience.

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Re: Best Forex Broker for MultiCharts... ?

Postby andywill » 21 May 2014

Hi everyone!

I am looking for automatically trading the Forex market with MultiCharts and I am new to this platform...

It seems there are at least 10 Forex Brokers available for Multicharts...

I would like to ask you, which one in your opinion has the very best service for trading automatic strategies with MultiCharts in terms of reliability, quality and transparency.

If possible, justify your answers up on live trading experience with them.

Thank you!

Dear Gargoyle,

have a look on www.forexpeacearmy.com
there are many reviews on forex brokers etc. what you like to wish.

Sincerely,
Andy

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Gargoyle
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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 21 May 2014

Hi everyone!

I am looking for automatically trading the Forex market with MultiCharts and I am new to this platform...

It seems there are at least 10 Forex Brokers available for Multicharts...

I would like to ask you, which one in your opinion has the very best service for trading automatic strategies with MultiCharts in terms of reliability, quality and transparency.

If possible, justify your answers up on live trading experience with them.

Thank you!

Dear Gargoyle,

have a look on http://www.forexpeacearmy.com
there are many reviews on forex brokers etc. what you like to wish.

Sincerely,
Andy
Thank you Andy!

My idea was to look for a forex broker, which fills particulary fine with the MultiCharts platform, cause there could be a good broker but it also has to have proven the quality of his service in connetion with Multicharts...

In my vision these are two different characteristics for a broker firm.

Thank you anyway, I appreciate!

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Gargoyle
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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 21 May 2014

Dear Andrew MultiCharts,

Thank you for the links!

In fact, I would like to read some personal shared experience and review of a MultiCharts user with some of those brokers...

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Re: Best Forex Broker for MultiCharts... ?

Postby StratMan » 21 May 2014

Hello Gargoyle,

The 6 forex brokers available with MultiCharts are :
- AvaTrade
- Dukascopy
- Interactive Brokers
- LMAX
- MB Trading
- Open E Cry

But, if you would like to test the validity of your strategy on the data feed of the broker by performing backtests, then you can at least forget Dukascopy and OEC due to the lack of historical data.

If, as in my case, your strategies can not accept breaks in connections MultiCharts will not recover, then you can forget LMAX and MB Trading.

About Interactive Brokers with a search on this forum you will see that there is also a systematic disconnection of IB server, but I have not tested the behavior of MultiCharts with a forex signal H24, so I will leave any users clarify this point.

To conclude, there remains only AvaTrade, I prefer not to comment and I'll let you discover ... :-)
the recommendation of Andy

Hoping you have saved the time I lost ;-)

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 21 May 2014

StratMan:

Thank you for the detailed answer!

From your reply, you are testifying that there is no "gold medalist" in the supported Forex Brokers in Multicharts for automatic trading...

There are always some kind of lacks and/or anomalities.

MultiCharts is not recovering automatically the historical datas in case of temporary disconnections?! So automatic trading would be compromised in such a case..?!

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Re: Best Forex Broker for MultiCharts... ?

Postby StratMan » 21 May 2014

MultiCharts is not recovering automatically the historical datas in case of temporary disconnections?! So automatic trading would be compromised in such a case..?!
I prefer to leave the team MultiCharts answer this question ...

I'll just say that disconnecting LMAX which certainly is not a crash ;-) of MultiCharts requires me restarting MultiCharts ...

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 21 May 2014

MultiCharts is not recovering automatically the historical datas in case of temporary disconnections?! So automatic trading would be compromised in such a case..?!
I prefer to leave the team MultiCharts answer this question ...

I'll just say that disconnecting LMAX which certainly is not a crash ;-) of MultiCharts requires me restarting MultiCharts ...
I see... it sounds not comfortable because if you has to restart MultiCharts, you cannot leave the computer...

So, can anybody confirm that there is a Forex Broker, which is sufficiently reliable in relation with MultiCharts, so one can leave the computer in serenity while the automatic strategy is running?

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Re: Best Forex Broker for MultiCharts... ?

Postby StratMan » 21 May 2014

The main problem is not to be in front of the computer but is to close all the open trades and the pending orders on MultiCharts and on the broker desktop before the restart... So imagine the problem if you have 5 or 6 portfolio, 15 or 20 pairs of currencies, and N or M accounts to manage...
And the restart is not always clean and sometime there are gaps on several pairs, so it needs a reload of data to fill the gaps.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 21 May 2014

The main problem is not to be in front of the computer but is to close all the open trades and the pending orders on MultiCharts and on the broker desktop before the restart... So imagine the problem if you have 5 or 6 portfolio, 15 or 20 pairs of currencies, and N or M accounts to manage...
And the restart is not always clean and sometime there are gaps on several pairs, so it needs a reload to fill the gaps.
Yes it is serious limitation for sure!

But, do you found this problem to happen only with LMAX or with ALL the available Multicharts brokers?!

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Re: Best Forex Broker for MultiCharts... ?

Postby andywill » 21 May 2014

Hello Gargoyle,

The 6 forex brokers available with MultiCharts are :
- AvaTrade
- Dukascopy
- Interactive Brokers
- LMAX
- MB Trading
- Open E Cry

But, if you would like to test the validity of your strategy on the data feed of the broker by performing backtests, then you can at least forget Dukascopy and OEC due to the lack of historical data.

If, as in my case, your strategies can not accept breaks in connections MultiCharts will not recover, then you can forget LMAX and MB Trading.

About Interactive Brokers with a search on this forum you will see that there is also a systematic disconnection of IB server, but I have not tested the behavior of MultiCharts with a forex signal H24, so I will leave any users clarify this point.

To conclude, there remains only AvaTrade, I prefer not to comment and I'll let you discover ... :-)
the recommendation of Andy

Hoping you have saved the time I lost ;-)
Hello,

you can find historical data of Dukascopy. They provide historical data for downloading on their own website. Here is the link :

http://www.dukascopy.com/swiss/english/ ... istorical/

For other brokers there are also historical data available, but I do not have more links at this moment. If you google you will find historical data for sure. Data for backtesting should not be that problem.

Sincerely,
Andy

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 21 May 2014

Hello Gargoyle,

The 6 forex brokers available with MultiCharts are :
- AvaTrade
- Dukascopy
- Interactive Brokers
- LMAX
- MB Trading
- Open E Cry

But, if you would like to test the validity of your strategy on the data feed of the broker by performing backtests, then you can at least forget Dukascopy and OEC due to the lack of historical data.

If, as in my case, your strategies can not accept breaks in connections MultiCharts will not recover, then you can forget LMAX and MB Trading.

About Interactive Brokers with a search on this forum you will see that there is also a systematic disconnection of IB server, but I have not tested the behavior of MultiCharts with a forex signal H24, so I will leave any users clarify this point.

To conclude, there remains only AvaTrade, I prefer not to comment and I'll let you discover ... :-)
the recommendation of Andy

Hoping you have saved the time I lost ;-)
Hello,

you can find historical data of Dukascopy. They provide historical data for downloading on their own website. Here is the link :

http://www.dukascopy.com/swiss/english/ ... istorical/

For other brokers there are also historical data available, but I cannot find them in my favorites now. If you google you will find historical data for sure. Data for backtesting should not be that problem.

Sincerely,
Andy

I think StratMan is saying that the problem is not the historical data source repelibility, but the DISORDER that such a malfunction he described above may cause to the hole trading activity, particulary when one trades different portfolios and many pairs....

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Re: Best Forex Broker for MultiCharts... ?

Postby StratMan » 21 May 2014

you can find historical data of Dukascopy. They provide historical data for downloading on their own website. Here is the link :

http://www.dukascopy.com/swiss/english/ ... istorical/
Yes Andy, you are right, but to download Dukascopy historical data, you need to download day by day for each pair, so imagine the job to download only 1 year for 20 pairs !...

And the other problem is that a break of the connexion (during the automated trading) will generate a gap in the data for all the instruments. So it needs to wait until the historical data is available on the Dukascopy website before restarting the strategy, due to the fact that MultiCharts connexion will restart after a gap of data....

As for using forex historical data, which are not those of the broker used, this is a possible scenario for strategies used in daily or weekly, but certainly not for small timeframes like 1, 5 or 15 minutes.

Sincerely,

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 21 May 2014

you can find historical data of Dukascopy. They provide historical data for downloading on their own website. Here is the link :

http://www.dukascopy.com/swiss/english/ ... istorical/
Yes Andy, you are right, but to download Dukascopy historical data, you need to download day by day for each pair, so imagine the job to download only 1 year for 20 pairs !...

And the other problem is that a break of the connexion (during the automated trading) will generate a gap in the data for all the instruments. So it needs to wait until the historical data is available on the Dukascopy website before restarting the strategy, due to the fact that MultiCharts connexion will restart after a gap of data....

As for using forex historical data, which are not those of the broker used, this is a possible scenario for strategies used in daily or weekly, but certainly not for small timeframes like 1, 5 or 15 minutes.

Sincerely,
In the past ticks datas were available on long periods too, in Dukascopy.

Now for my surprise there are not, only from from 1 minute above one can download a big period of datas. So yes, one needs to wait until the end of the day before being able to download the ticks etc.

Maybe there is a "sci-fi solution", building a bot, that connects JForex, the Dukascopy platform, to MultiCharts, in order to get the ticks. In Jforex ticks are automatically updated always, and can be exported live in an external file by a program, which may be used by Multicharts to update... An expert coder should be consulted, but for sure it is not the optimal solution......

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 21 May 2014

I used a tool which downloaded all Dukascopy data. Forget where I got it.. but its definitely not worth it. Duk's data is horrible.

After being with almost every FX broker, FXCM is the only option for an automated trader. 10 years of historical data 1 tick, 1 min, 1 day. They're a great broker with high spread costs so ask for custom spreads. They gladly give them once asked.

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Re: Best Forex Broker for MultiCharts... ?

Postby tcat » 22 May 2014

Regarding Duka, it is obvious that Multichart is not a strategic platform for them.
Duka choosed to focus on their Jforex platform which does not provide the convenience MC has for developing strategies and backtesting. Regarding historical data, Jforex provides a convenient way to access it and export it, assuming you work by reasonable trunk of period and outside trading sessions (connections tend to be cut after a while).

Personally, Duka puts too much emphasis on their "Miss contest" and not enough on providing a real solution linked to MC. Their spread does sometime increase consequently however.

Although I only worked with testing accounts on LMAX so far, I have to say that both their MTF technology and latency, the fact that this no ECN or market maker, and the level of integration with MC would make it the ideal platform for spot fX, assuming identified issues (data lag, disconnections) are solved.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 22 May 2014

I mailed to Dukascopy:

I was studing the possibility to trade a Fix Api account via MultiCharts, and I found an important problem.

1) The Fix Api receives only the current data tick, and historical data can't be loaded.

2) Ticks data can be downloaded only day-by-day.

3) If in case of multiple portfolios trading (10-50 pairs) there is a little disconnection with the Dukascopy Server, it is not possible to reload the missing data during of the off-period.

4) So inevitably gaps are created; this troubles a lot any strategies and orders... !

5) The unique way to re-fill the gap is to wait until the end of the day, to be able to download the missing tick data from your website, which can't be a good solution.

6) So how can we trade via Fix Api with the MultiCharts platform?!


They Answered:

Thank you for your email and interest in Dukacopy.

You're analysis is correct in principle. There may be some shortcomings and those questions should be directed to the software vendor directly.

Please be reminded that Dukascopy provides you with accounts, live trading services and the book-keeping of all transactions, etc.
We also offer reports, Dukascopy platforms and electronic means to connect to your account in order to trade, consulkt and manage your account held at our Bank.

Multichart has developed the link to our environment in order to be able to market their software. It is in their responsibility that the development is done in a way that it can be used by clients. We have developed JF API which in the present case may be the more suitable option to connect a trading account, but it must be left to the service provider to develop such connection.

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Re: Best Forex Broker for MultiCharts... ?

Postby Andrew MultiCharts » 22 May 2014

Gargoyle,

Please vote for the respective feature request regarding J-Forex API. It is not yet scheduled for any particular version of MC.

FIX API doesn't allow historical backfill. If there is a gap, it should be filled by importing data from ASCII file for example. There is also option to merge 2 different data sources on chart.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 23 May 2014

Gargoyle,

Please vote for the respective feature request regarding J-Forex API. It is not yet scheduled for any particular version of MC.

FIX API doesn't allow historical backfill. If there is a gap, it should be filled by importing data from ASCII file for example. There is also option to merge 2 different data sources on chart.
Thank you for the materials. However in my personal case I fear this is not solving at all my problem.

The application which needs to be voted, in order to integrate Jforex with MC, is still not done, and it seems I can't not even vote it since I am still not a MC user (I am evaluating if to be one), and my MC forum log/psw are not sufficient to vote.

Also if there are ways to import charts, the problem is that I need to wait up to midnight to have the Dukascopy ticks available.... So I can't consider trading with Dukascopy Fix Api at all.

If anybody here is trading automatic strategies via DC Fix Api, please show yourself, and explain how you do it...

I was asking about the Forex Brokers for MultiCharts and for now what I've seen from this forum is that:

- Dukascopy and OEC can't load historical charts so in case of temporary log off trading is compromised;

- LMAX is sending different data flow on two different computers to the same customer and their price are delayed in MC in relation to their own platform;

- AvaTrade is having very bad reviews from traders;

- There are complains for Lmax and MB trading that MC is not recovering after disconnections;

So am I forced to consider only Interactive Brokers in order to trade automatically forex with MultiCharts?!

It is disappointing to see that maybe there is only one real Forex supplier for such a nice trading platform as MC is!

The supported brokers MC list created in me the expectation there was a wider range of choice for good Forex Brokers for this platform! :(

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Re: Best Forex Broker for MultiCharts... ?

Postby Andrew MultiCharts » 23 May 2014

The application which needs to be voted, in order to integrate Jforex with MC, is still not done, and it seems I can't not even vote it since I am still not a MC user (I am evaluating if to be one), and my MC forum log/psw are not sufficient to vote.
Project Management requires a separate from forum account. Please register there.
...OEC can't load historical charts so in case of temporary log off trading is compromised
OEC has history:

Image
Also if there are ways to import charts, the problem is that I need to wait up to midnight to have the Dukascopy ticks available.... So I can't consider trading with Dukascopy Fix Api at all.

If anybody here is trading automatic strategies via DC Fix Api, please show yourself, and explain how you do it...
Merging with another forex source of historical data solves your case.
- There are complains for Lmax and MB trading that MC is not recovering after disconnections;
We are constantly in touch with LMAX in order to improve the situation. So far they don't want to confirm the problem comes from their end. With MC 8.8 Release 4 it should be better.
So am I forced to consider only Interactive Brokers in order to trade automatically forex with MultiCharts?!
...
The supported brokers MC list created in me the expectation there was a wider range of choice for good Forex Brokers for this platform! :(
Barchart, IQFeed, eSignal and TS can be also used as sources of forex charts in MC.

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Re: Best Forex Broker for MultiCharts... ?

Postby StratMan » 23 May 2014

Hello Andrew,

With OEC, I use Bid & Ask ticks charts and there is no historical data on my part...

What should I do in order to have these historical data ?

Thanks,

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Re: Best Forex Broker for MultiCharts... ?

Postby Andrew MultiCharts » 23 May 2014

With OEC, I use Bid & Ask ticks charts and there is no historical data on my part...

What should I do in order to have these historical data ?
Hello StratMan,

There is no historical backfill for asks and bids from OEC, they give only "trades" through API.

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Re: Best Forex Broker for MultiCharts... ?

Postby t-rader » 23 May 2014

Hi,

I auto trade a live account with Lmax and am really happy with Lmax. Yes there were a few hicups with the data dropping out and not recovering but I haven't had these issues for months (hope I don't jinx myself here! :S).

To ensure the data connection hasn't dropped out I use the 'no realtime data alert' code found here http://www.multicharts.com/discussion/v ... 16&t=11715, thanks Henry.

Prior to Lmax I traded live with MB Trading, they were so-so and I much prefer Lmax. Lmax has fast execution, good fills and good service from what I've found. I also asked for a commissions discount and they gave it to me ;)

I wanted to try Dukascopy but unfortunately they have no live backfill. Still have my account with them hoping that one day this will come. Considering there a few threads popping up now regarding Multicharts and Forex brokers maybe this will happen soon! :D Also the feature request for it now has 35 votes http://www.multicharts.com/pm/viewissue ... e_no=MC-38

I also created an account with Interactive Brokers but never got around to trading live as there is some weird thing with how their data is provided to MC. Even put money in my account and then just withdrew it without executing a single trade.

I will never consider FXCM while there are alternatives. The company is dodgy and have been fined due to dodgy practices! Maybe they've cleaned up their act, or maybe they're just a bit better at covering their tracks but something you'd want to make sure you're monitoring, but why risk going with them considering their history! In this game the odds are already stacked against you so why bother with these sorts of companies! Plus their spreads are shit!

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Re: Best Forex Broker for MultiCharts... ?

Postby StratMan » 24 May 2014

I also created an account with Interactive Brokers but never got around to trading live as there is some weird thing with how their data is provided to MC. Even put money in my account and then just withdrew it without executing a single trade.
Could you make this more explicit please ?
I will never consider FXCM while there are alternatives. The company is dodgy and have been fined due to dodgy practices! Maybe they've cleaned up their act, or maybe they're just a bit better at covering their tracks but something you'd want to make sure you're monitoring, but why risk going with them considering their history! In this game the odds are already stacked against you so why bother with these sorts of companies! Plus their spreads are shit!
http://www.fca.org.uk/your-fca/document ... ts-limited
They gave me some money back but I agree with you, it is not nice to work in such conditions ...

So, what is the answer to the question of Gargoyle?? ;-)

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 24 May 2014

In fact...

I am looking for a Forex MultiCharts supplier, with no problems in connection between its data flow and the platform, with historical data available so I may backtest and reload them in case of lost connection and good reputation..

I would like to hear all that from some MultiCharts user, being able to "live" it for a while in first person...

My goal is forex automatic trading at intraday regime... and on different accounts.... so I suffer painfully also 10 seconds of disconnection.............

Thank you!!!

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Re: Best Forex Broker for MultiCharts... ?

Postby t-rader » 24 May 2014

I also created an account with Interactive Brokers but never got around to trading live as there is some weird thing with how their data is provided to MC. Even put money in my account and then just withdrew it without executing a single trade.
Could you make this more explicit please ?

I found an email from Interactive Brokers API Support when I was investigating IB. This is their response:

With respect to Forex, IB does not relay trade related information. Customers who request historical data would typically request Midpoint.

With regards to historical data IB does capture every trade but unfortunately do not relay tick-by-tick data. Instead for historical data we provide time bars, when using an API program like MultiCharts, time bars are available with bar sizes as small as 1 second to as large as 1 day.

In regards to streaming market data, since we do not provide tick-by-tick data we would relay snapshot requests of the market every 250 ms and fire back change. For Forex we take snapshots every 100 ms.

Regards,

-Angel
IB API Support



This is back in 2012 so things might have changed since then, I'm not sure...

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Re: Best Forex Broker for MultiCharts... ?

Postby StratMan » 25 May 2014

Hi,

I auto trade a live account with Lmax and am really happy with Lmax. Yes there were a few hicups with the data dropping out and not recovering but I haven't had these issues for months (hope I don't jinx myself here! :S).
I would be very interested to compare some of your ticks, with mine on a small period of a few minutes ;-)

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Re: Best Forex Broker for MultiCharts... ?

Postby t-rader » 25 May 2014

Hi,

I auto trade a live account with Lmax and am really happy with Lmax. Yes there were a few hicups with the data dropping out and not recovering but I haven't had these issues for months (hope I don't jinx myself here! :S).
I would be very interested to compare some of your ticks, with mine on a small period of a few minutes ;-)
Not a problem at all, can do :)

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Re: Best Forex Broker for MultiCharts... ?

Postby andywill » 26 May 2014

If you choose Dukascopy do not forget to claim your 40% rebate of paid commissions here :

http://www.cashbackforex.com/en-us/comparebrokers.aspx

similar but less to FXCM (UK) broker.

Sincerely,
Andy

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Re: Best Forex Broker for MultiCharts... ?

Postby StratMan » 27 May 2014

To ensure the data connection hasn't dropped out I use the 'no realtime data alert' code found here http://www.multicharts.com/discussion/v ... 16&t=11715, thanks Henry.
Just out of curiosity, I installed it and I see that signal does not generate warning when my daily bug occurs ... What after all is the fact that even if the data does not pass through the graph, they arrive on the watchlist, and therefore, the signal does not detect a broken connection ...

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 30 May 2014

Well, after reading the last posts and other posts of the forum, I still can't see a crystal clear choice for Forex Broker supplier in MultiCharts....

Please again, if you trade regularly the Forex with automatic trading strategies in MultiCharts, share your experience here...

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Re: Best Forex Broker for MultiCharts... ?

Postby andywill » 30 May 2014

Well, after reading the last posts and other posts of the forum, I still can't see a crystal clear choice for Forex Broker supplier in MultiCharts....

Please again, if you trade regularly the Forex with automatic trading strategies in MultiCharts, share your experience here...

Dear Gargoyle,

I would say the following rank table from the current forex broker Multicharts does offer looks like that kind :

1. LMAX
2. MB Trading
3. Dukascopy
4. IB
5. OEC
6. IW Bank
7. AvaFx

But there are many options outside which are at least as good as LMAX.
A direct connection to FXALL, Hotspot, Integral, Currenex etc. and other Liquidity Providers.
Some MT Brokers do offer this. So you have a direct connection to NY4 or LD4 datacenters with the lowest latency you can have.

For a sample spread comparison you can look at http://www.fxintel.com.

For bridges to MT4/MT5 you have :
http://directory.forexmagnates.com/mt4- ... providers/
Maybe this link can also help Multicharts support team to build a solution to MT.
Last edited by andywill on 31 May 2014, edited 2 times in total.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 30 May 2014

Well, after reading the last posts and other posts of the forum, I still can't see a crystal clear choice for Forex Broker supplier in MultiCharts....

Please again, if you trade regularly the Forex with automatic trading strategies in MultiCharts, share your experience here...

Dear Gargoyle,

I would say the following rank table from the current forex broker Multicharts does offer looks like that kind :

1. LMAX
2. MB Trading
3. Dukascopy
4. IB
5. OEC
6. IW Bank
7. AvaFx

But there are many options outside which are at least as good as LMAX.
A direct connection to FXALL, Hotspot, Integral, Currenex etc. and other Liquidity Providers.
Some MT Brokers do offer this. So you have a direct connection to NY4 or LD4 datacenters with the lowest latency you can have.

For a sample spread comparison you can look at http://www.fxintel.com.

For bridges to MT4/MT5 you have :
http://directory.forexmagnates.com/mt4- ... providers/
Maybe this link can also help Multicharts support team to build a solution to MT.
Thank you for this list.. Some of those brokers where discussed here above, or in other recent forums... Sometimes there are problems in case of disconnection of the flow datas with MC platforms, in other cases there is no historical datas for them available and in third instance, some of them have wide bad reputaion among traders...

Do you trade yourself Forex with some of them? Can you confirm a personal experience with some of them for over an year in automatic trading environment (24/7)??

Thank you!

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Re: Best Forex Broker for MultiCharts... ?

Postby StratMan » 30 May 2014

6. IW Bank


But there are many options outside which are at least as good as LMAX.
A direct connection to FXALL, Hotspot, Integral, Currenex etc. and other Liquidity Providers.
Some MT Brokers do offer this. So you have a direct connection to NY4 or LD4 datacenters with the lowest latency you can have.

For a sample spread comparison you can look at http://www.fxintel.com.

For bridges to MT4/MT5 you have :
http://directory.forexmagnates.com/mt4- ... providers/
Maybe this link can also help Multicharts support team to build a solution to MT.
Hello Andy,
Are you sure that IW Bank offer forex market or do you just copy/past this reference from MultiCharts link ?
Because when I look at the website of IW Bank, I never seen about forex...

As for the other references you notice, could you please tell me how you connect to FXALL, Hotspot, Integral, Currenex etc. and other Liquidity Providers with MultiCharts.
Do you have tested automated trading with MultiCharts with these market providers ?
I will be interested to test these solutions !
Thanks in advance,

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Re: Best Forex Broker for MultiCharts... ?

Postby andywill » 30 May 2014

Dear Gargoyle,

please have a look under http://www.forexpeacearmy.com, just one opinion should not be enough for you. I want to be objectively here.

Dear Stratman,

Some MT brokers show which liquidity provider they use and some not. I do not want to put a list here but you can investigate yourself.

If Multicharts would have an integrated bridge with MT you could easily try, test and trade with those Liquidity providers because brokers have solutions already built here. So its only up to Multicharts engineers. But this topic is another thread (viewtopic.php?f=1&t=46596).

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 30 May 2014

Dear Gargoyle,

please have a look under http://www.forexpeacearmy.com, just one opinion should not be enough for you. I want to be objectively here.

Dear Stratman,

Some MT brokers show which liquidity provider they use and some not. I do not want to put a list here but you can investigate yourself.

If Multicharts would have an integrated bridge with MT you could easily try, test and trade with those Liquidity providers because brokers have solutions already built here. So its only up to Multicharts engineers. But this topic is another thread (viewtopic.php?f=1&t=46596).
Hello andywill, thank you for your post...

I found this topic:
https://www.multicharts.com/pm/viewissu ... _no=MC-286

What brought my attention to is this comment:

"It is ridiculous to go for awkward 3rd party solutions to connect one of the most advanced platforms to the most advanced ECNs. It is even more ridiculous since MultiCharts does have a FIX protocol adapter already written, and all they need to do is to customize it according to the ECN's spec. We are all waiting for it, yet there's less and less hope that it will ever be realized."


I would like to hear a comment about that from somebody of the MultiCharts Support Team.

Thank you very much!

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Re: Best Forex Broker for MultiCharts... ?

Postby StratMan » 30 May 2014

I would say the following rank table from the current forex broker Multicharts does offer looks like that kind :

1. LMAX
2. MB Trading
3. Dukascopy
4. IB
5. OEC
6. IW Bank
7. AvaFx
Dear andywill,
Could you please specify the performance criteria that you have taken into account to determine your ranking?
Thank you,

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 02 Jun 2014

Dear MultiCharts support,

regard the poor participation about the main issues I tryied to ask for in this topic, I would like to ask you what is your position about this customers request:

https://www.multicharts.com/pm/viewissu ... _no=MC-286

and this customer's comment:

"It is ridiculous to go for awkward 3rd party solutions to connect one of the most advanced platforms to the most advanced ECNs. It is even more ridiculous since MultiCharts does have a FIX protocol adapter already written, and all they need to do is to customize it according to the ECN's spec. We are all waiting for it, yet there's less and less hope that it will ever be realized."

Are you planning to make available soon the connection to Currenex, Integral and Hotspotfx, in MC?

My personal opinion is that your platform is very good and that is used widely in Equities, Commodities, Bonds and Futures, but not for professional Forex trading.

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 02 Jun 2014

If MC supported those brokers, I'd be using it for FX trading.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 02 Jun 2014

If MC supported those brokers, I'd be using it for FX trading.
Hi MAtricks,

do you actually trading Forex with MC? If yes, which broker do you prefer for that?

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 02 Jun 2014

No, I don't. As I say, if MC supported Hotspot FX or a couple other big ones, I'd be using MC for FX trading.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 02 Jun 2014

No, I don't. As I say, if MC supported Hotspot FX or a couple other big ones, I'd be using MC for FX trading.

Do you agree that the great majority of MC customers are not trading FX with this platform?

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 02 Jun 2014

I have no way of knowing whether that is true or not.

I do know that FX traders would greatly benefit from being able to use this platform with HotSpot FX (my choice), Integral, and Currenex. Other brokers are very retail based and highly unreliable. FXCM is the closest thing to a good FX broker within the choices we have with MC.

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Re: Best Forex Broker for MultiCharts... ?

Postby Andrew MultiCharts » 03 Jun 2014

Dear MultiCharts support,

regard the poor participation about the main issues I tryied to ask for in this topic, I would like to ask you what is your position about this customers request:

https://www.multicharts.com/pm/viewissu ... _no=MC-286

and this customer's comment:

"It is ridiculous to go for awkward 3rd party solutions to connect one of the most advanced platforms to the most advanced ECNs. It is even more ridiculous since MultiCharts does have a FIX protocol adapter already written, and all they need to do is to customize it according to the ECN's spec. We are all waiting for it, yet there's less and less hope that it will ever be realized."

Are you planning to make available soon the connection to Currenex, Integral and Hotspotfx, in MC?

My personal opinion is that your platform is very good and that is used widely in Equities, Commodities, Bonds and Futures, but not for professional Forex trading.
Thank you for your opinion, we agree there are some things we should improve in regards to forex trading. Unfortunately i cannot give you any specific time estimation when you should expect those improvements. As for the feature request, at the moment we don't plan to connect those vendors/brokers/platforms. Implementation of a broker/source of data for MC is not an easy task and it takes time. The fact that we have connected few FIX-based brokers doesn't mean we can do the same for others within a day or a week. As soon as there is any news, the status of the feature request will be updated. Thank you for understanding.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 03 Jun 2014

Dear MultiCharts support,

regard the poor participation about the main issues I tryied to ask for in this topic, I would like to ask you what is your position about this customers request:

https://www.multicharts.com/pm/viewissu ... _no=MC-286

and this customer's comment:

"It is ridiculous to go for awkward 3rd party solutions to connect one of the most advanced platforms to the most advanced ECNs. It is even more ridiculous since MultiCharts does have a FIX protocol adapter already written, and all they need to do is to customize it according to the ECN's spec. We are all waiting for it, yet there's less and less hope that it will ever be realized."

Are you planning to make available soon the connection to Currenex, Integral and Hotspotfx, in MC?

My personal opinion is that your platform is very good and that is used widely in Equities, Commodities, Bonds and Futures, but not for professional Forex trading.
Thank you for your opinion, we agree there are some things we should improve in regards to forex trading. Unfortunately i cannot give you any specific time estimation when you should expect those improvements. As for the feature request, at the moment we don't plan to connect those vendors/brokers/platforms. Implementation of a broker/source of data for MC is not an easy task and it takes time. The fact that we have connected few FIX-based brokers doesn't mean we can do the same for others within a day or a week. As soon as there is any news, the status of the feature request will be updated. Thank you for understanding.
Thank you for your kind answer.

Please allow me two further questions:

1) Are you planning to add any new forex broker in the next future in your platform?

2) Are you planning to improve some of the already available forex broker connections, such as adding the possibility of historical data auto-loading for Dukascopy FIX API and OEC... or automatic recovery of the platform after the dayly LMAX disconnection.. etc.?

Thank you in advance!

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Re: Best Forex Broker for MultiCharts... ?

Postby Andrew MultiCharts » 03 Jun 2014

Please allow me two further questions:

1) Are you planning to add any new forex broker in the next future in your platform?

2) Are you planning to improve some of the already available forex broker connections, such as adding the possibility of historical data auto-loading for Dukascopy FIX API and OEC... or automatic recovery of the platform after the dayly LMAX disconnection.. etc.?

Thank you in advance!
1) We are open for new partners, but at the moment we haven't scheduled any particular for nearest futures.
2) We are trying to improve small things for all currently supported brokers/vendors with every new release of MC, however we are limited with what their APIs can and cannot do. For example, there is no historical backfill through FIX. FIX cannot be improved to get history, new API should be implemented (this was covered in my previous post).

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 03 Jun 2014

Please allow me two further questions:

1) Are you planning to add any new forex broker in the next future in your platform?

2) Are you planning to improve some of the already available forex broker connections, such as adding the possibility of historical data auto-loading for Dukascopy FIX API and OEC... or automatic recovery of the platform after the dayly LMAX disconnection.. etc.?

Thank you in advance!
1) We are open for new partners, but at the moment we haven't scheduled any particular for nearest futures.
2) We are trying to improve small things for all currently supported brokers/vendors with every new release of MC, however we are limited with what their APIs can and cannot do. For example, there is no historical backfill through FIX. FIX cannot be improved to get history, new API should be implemented (this was covered in my previous post).
I see, thank you for all that information.

And what is the current situation about the "LMAX problem" in the platform, I read many claims about it here in your forum topic's... Do you think it could be solved soon?

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Re: Best Forex Broker for MultiCharts... ?

Postby Andrew MultiCharts » 04 Jun 2014

And what is the current situation about the "LMAX problem" in the platform, I read many claims about it here in your forum topic's... Do you think it could be solved soon?
LMAX api doesn't allow to identify a connection loss, so we developed a workaround using their "heartbeat". Unfortunately the workaround did not work good in all cases, because LMAX servers did not always respond (though connection was ok and real-time data was flowing, what was causing problems). In order to let customers use this workaround, but also have opportunity to disable it if needed, we added it as an option in MC 9.0.

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 05 Jun 2014

StratMan:

From your reply, you are testifying that there is no "gold medalist" in the supported Forex Brokers in Multicharts for automatic trading...
Gargoyle,

There isn't even a "bronze medalist"!

I trade Forex full-time; I am a MultiCharts licensee since 2006.

Khalid

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 05 Jun 2014

Dear MultiCharts support,

regard the poor participation about the main issues I tryied to ask for in this topic, I would like to ask you what is your position about this customers request:

https://www.multicharts.com/pm/viewissu ... _no=MC-286

and this customer's comment:

"It is ridiculous to go for awkward 3rd party solutions to connect one of the most advanced platforms to the most advanced ECNs. It is even more ridiculous since MultiCharts does have a FIX protocol adapter already written, and all they need to do is to customize it according to the ECN's spec. We are all waiting for it, yet there's less and less hope that it will ever be realized."

Are you planning to make available soon the connection to Currenex, Integral and Hotspotfx, in MC?

My personal opinion is that your platform is very good and that is used widely in Equities, Commodities, Bonds and Futures, but not for professional Forex trading.
One just has to accept MultiCharts cannot be all things to all people!

And I think it is still a great software even though I do not find it suitable for Forex.

Khalid

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 05 Jun 2014

StratMan:

From your reply, you are testifying that there is no "gold medalist" in the supported Forex Brokers in Multicharts for automatic trading...
Gargoyle,

There isn't even a "bronze medalist"!

I trade Forex full-time; I am a MultiCharts licensee since 2006.

Khalid

Thank you for your comments Khalaad!


So you are not trading Forex at all with MultiCharts?

Your comment is confirming my whole vision about this problem with MC software and its forex brokers suppliers...

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 05 Jun 2014

StratMan:

From your reply, you are testifying that there is no "gold medalist" in the supported Forex Brokers in Multicharts for automatic trading...
Gargoyle,

There isn't even a "bronze medalist"!

I trade Forex full-time; I am a MultiCharts licensee since 2006.

Khalid
Thank you for your comments Khalaad!

So you are not trading Forex at all with MultiCharts?

Your comment is confirming my whole vision about this problem with MC software and its forex brokers suppliers...
No, Gargoyle, I have not even made one real-money Forex trade via MultiCharts. In 2009 I traded via MCFX for a short while, but did not continue because I am not keen on FXCM at all.

Then in 2011, I did make an effort with MultiCharts. I even had some very valuable help from JoshM, for which I am grateful. But in the end just could not connect to broker(s) I wanted. So no progress there either.

Now, I shall see if I can somehow connect to OANDA via their new Rest API. Right now I do not even know if this would be possible / practical.

However, I do use MultiCharts every day for my analysis. And for backtesting. And find it invaluable on both counts.

Khalid

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 05 Jun 2014

I've used MC for many many FX trades. I find it to be better than the competition by a long shot. Just pick your broker well because the connections to the FX brokers are questionable. FXCM was the only one I trusted. MB Trading connection is okay now.. just make sure to restart the platform/connection every day.

I'm unsure what you're looking for? A bulletproof connection? You won't find that with any platform or broker.. regardless what market you're in. Automation does not mean 100% automated. We always monitor our strategies and deal with issues on a daily basis. That's just how things are. The trillion dollar banks have rooms full of people doing just that and they invest billions in their trading infrastructure.

Have you tried any other platforms? I have.... all of them..

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 05 Jun 2014

Dear Multicharts Support,

please, can you list the MC forex brokers which are able to reconnect to the platform, after any random disconnection, WITHOUT THE NEED TO RESTART THE PLATFORM?

And of course, that are able to reload the missing history in the gap made during the disconenction?

If some trader could indicate me this same information, it could be great!!

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 05 Jun 2014

please, can you list the MC forex brokers which are able to reconnect to the platform, after any random disconnection, WITHOUT THE NEED TO RESTART THE PLATFORM?

And of course, that are able to reload the missing history in the gap made during the disconenction?

If some trader could indicate me this same information, it could be great!!
I just did.

-FXCM works great.
-MB Trading works well with a few quirks.
-IB... well nothing about IB is good, but the FX is just as reliable as everything else with that brokerage.
-Dukascopy. Not a good connection.
-LMAX, I've never tried it

I think that covers all of them? https://www.multicharts.com/brokers/

What broker are you currently using with MC?
Last edited by MAtricks on 05 Jun 2014, edited 1 time in total.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 05 Jun 2014

please, can you list the MC forex brokers which are able to reconnect to the platform, after any random disconnection, WITHOUT THE NEED TO RESTART THE PLATFORM?

And of course, that are able to reload the missing history in the gap made during the disconenction?

If some trader could indicate me this same information, it could be great!!
I just did.

-FXCM works great.
-MB Trading works well with a few quirks.
-IB... well nothing about IB is good, but the FX is just as reliable as everything else with that brokerage.
-LMAX, I've never tried it

I think that covers all of them? https://www.multicharts.com/brokers/

What broker are you currently using with MC?
Thank you!

I am actually evaluating MC and trying different forex solutions...

But you said above MB Trading needs to restart MC once a day!?!?!

I am looking for forex brokers MC connections that DO NOT NEED to be restarted after a brake in the connection....

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 05 Jun 2014

But you said above MB Trading needs to restart MC once a day!?!?!
Yes I did.
NEED to be restarted after a brake in the connection....
No one said this.

How much experience do you have in running any software on MS Windows? A regular restart is needed usually. And this has your money on the line.

Every day at the close, restart the platform. Every seasoned automated trader that I've met does this regardless of his broker, connection, or platform. Trust me.. it will save you money.

I don't trade with an unreliable connection and I have an alarm to restart the platform every day after the close. Its just part of automation. Stop fighting it.

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 05 Jun 2014

I gave you everything you asked for in post #16 and a few others answered you as well. However, we're now on post #59 and you're still asking the same questions... What's going on?

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 05 Jun 2014

I gave you everything you asked for in post #16 and a few others answered you as well. However, we're now on post #59 and you're still asking the same questions... What's going on?
You have not paid sufficient attention, I am sorry.

Infact here and in other topics there was a specific claim on LMAX-MC recovery problem, and MC Support was committing and explaining the current effort to solve it.

Some of your answers are not coherent with what I ask. Please pay attention.

It is useless to me if a hour ago you are saying you make sure to restart MB trading once a day, and then, after I posted a list request about forex brokers in MC that do not need to be restarted, you are posting the same thing. :)

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 05 Jun 2014

Please read everything again.... It seems as though you've completely missed the 40 something replies from every helpful individual here.

**Regardless of broker, automated traders restart their platform every day.**

You asked for broker suggestions- I gave them.
You asked if MC was going to connect with institutional level FX brokers - this was answered.
You wanted a "Gold Medalist" from the broker list - I told you this was FXCM and the next best is MB.
You asked where to get fx data - I told you in post #16
You asked about Dukascopy - I told you my experienced opinion

*Note* Stratman and Andy forgot to list FXCM on their list.. it was completely looked over and is the only really reliable one of the bunch.

I spent years in the trenches of losing money to these brokers to be able to give you this information freely...

What else are you looking for?? If you would like some MORE information, please be specific and CLEAR with your questions. This thread is a hodgepodge of disorganized inquiries.


Question:
Which FX broker should I use with MC?
Answer:
FXCM!

Question:
Which FX broker should I use if I don't like the first place broker?
Answer:
MB Trading!

Question:
Should I autotrade without monitoring?
Answer:
No!

Question:
Should I restart my platform once a day and restart my machine once a week?
Answer:
Yes!

Question:
Will I have issues with disconnections, orders being misplaced, and strategies not working?
Answer:
Yes! You WILL have these issues, you better be there when it happens.

Question:
Are FX brokers scam artists?
Answer:
Yes! There is next to no regulation in the FX market. They will find any way they can to make money from your account balance.

Question:
Where did you learn all of this?
Answer:
Years of personal experience! No one answered my questions.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 05 Jun 2014

Please read everything again.... It seems as though you've completely missed the 40 something replies from every helpful individual here.

**Regardless of broker, automated traders restart their platform every day.**

You asked for broker suggestions- I gave them.
You asked if MC was going to connect with institutional level FX brokers - this was answered.
You wanted a "Gold Medalist" from the broker list - I told you this was FXCM and the next best is MB.
You asked where to get fx data - I told you in post #16
You asked about Dukascopy - I told you my experienced opinion

*Note* Stratman and Andy forgot to list FXCM on their list.. it was completely looked over and is the only really reliable one of the bunch.

What else are you looking for?? I spent years in the trenches of losing money to these brokers to be able to give you this information freely...
You were very kind in sharing your personal opinions and experience.

I've read very carefully all post, and I have commented and gave thanks to almost all of them.

You are the one who seems being too precipitous; every post you sent, you need to re-edit it 3-4 times... :)

If during a random moment of the day, there is a disconnection with the broker for 1 second or whatever time interval, some brokers available for MC, as LMAX, actually are unable to reconnect and re-fill the gap with historicals prices.. A restart is needed.

For example Dukascopy, which has no history available at all, is out of question for me... same OEC etc.

MC stopped to connect FXCM api since time..........

And actually seems not possible to trade forex in MC, without a similar problem or with very bad broker...

I don't want to have to restart the platform while trading wide portfolios on 20-30 accounts... it's a nightmare.

So I am asking if somebody knows a forex broker for MC, which has available history, and that is able to recovery alone after a disconnection, without MC restarting, and successfully reloading the missing history during the disconnection.

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 05 Jun 2014

So I am asking if somebody knows a forex broker for MC, which has available history, and that is able to recovery alone after a disconnection, without MC restarting, and successfully reloading the missing history during the disconnection.
Answer: FXCM, MB Trading, and Interactive Brokers all have that capability from my personal experience (6th time of answering that)


Ask your broker to setup a block account for your 30 accounts. FXCM did this for me with 1 phone call. (and I was trading with Multicharts). You can do this with IB yourself. MB also has this feature and it works very well.

If MC and FXCM do not link as of the past couple months, I'm sorry.. I hadn't realized this and don't really believe it.. seeing as I just called my old broker at FXCM and they confirmed that the platform is still supported. Henry? This seems to still be there: https://www.multicharts.com/forex-trading-platform/

I edit my posts. Not to erase, but to add more information. None of these questions are easy to read nor are they straight forward questions that can be answered with an easy answer.

Welcome to trading... dealing with software issues is 90% of the workload, clients are 8%, and trading is 2%.

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 05 Jun 2014

Confirmed from FXCM. https://www.multicharts.com/forex-trading-platform/

MC is still connected to FXCM and very well according to them. So well, that MC created their own version of their platform for FXCM..

If I'm not mistaken, all these same FXCM features can be ported to the regular version of MC if that's the one you own. If not, MCFX is free if you trade at least 15 (make sure this is still the amount) lots a month with FXCM.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 05 Jun 2014

Confirmed from FXCM. https://www.multicharts.com/forex-trading-platform/

MC is still connected to FXCM and very well according to them. So well, that MC created their own version of their platform for FXCM..

Thanks, so now we need somebody who can tell us how is trading with this solution...

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 05 Jun 2014

Confirmed from FXCM. https://www.multicharts.com/forex-trading-platform/

MC is still connected to FXCM and very well according to them. So well, that MC created their own version of their platform for FXCM..

Thanks, so now we need somebody who can tell us how is trading with this solution...
Wow.. have you not read any posts from me? I believe I posted that I've used FXCM and its the best in every post. It works great! (try the demo - its free) MCFX is Multicharts for FXCM.

As I've said 9 times, FXCM is the best connection to MC. Its the only one I'd use nowadays.

-Great connection. I didn't experience it going down on me at all.
-Great support!! They are fantastic if you have more than $25k in your account.
-Great broker prices! Just ask and they'll give you a great deal.
-Fantastic back-testing. 10 years of 1 tick data... you can't get that anywhere else.
-Free platform??!!! So great!

What else would you want?

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Re: Best Forex Broker for MultiCharts... ?

Postby StratMan » 05 Jun 2014

As I've said 9 times, FXCM is the best connection to MC. Its the only one I'd use nowadays.

-Great connection. I didn't experience it going down on me at all.
-Great support!! They are fantastic if you have more than $25k in your account.
-Great broker prices! Just ask and they'll give you a great deal.
-Fantastic back-testing. 10 years of 1 tick data... you can't get that anywhere else.
-Free platform??!!! So great!

What else would you want?
Hi MAtricks,
FYI I used FXCM for years until issues appears and below is the answer of TS Support dated June 2013 :

"We have investigated the issue with your frozen position and BuyStop order. The issue was caused by FXCM API, that has sent incorrect (nonexistent) TradeID. In the trades table there is information concerning the orders filling and in case of cancellation we can check by the trade, whether the order was filled partially or not.

Unfortunately, FXCM Broker is now working differently through the new API. We tried to sort this out with FXCM but currently there is no progress on this matter. So, until this is resolved, the issues concerning FXCM API will not be supported in MultiCharts anymore."


And I confirm that these problems were recurring so as to render unusable MC / FXCM automatic trading.
As for the quality of FXCM, their many lawsuits attest to their reliability.

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 05 Jun 2014

The lawsuits happen in this industry.. especially in FX .. especially with the largest retail based broker.

I'm not defending them. We're just sifting through the best of the worst. FX brokers are garbage.. There's one reason they started their business - to take their customers accounts.

I didn't have issues with the connection, but I'll admit that its been several months since I've been with them. I was with MB for years and their connectivity issues cleared up with a lot of hard work.

The only reason I'm not still using these brokers is because of the FX industry as a whole. Back-testing just isn't a reliable feature when the brokers have all the control in the world to manipulate their historical data so we end up testing on data that never actually happened. Once I saw how drastic this issue was, I jumped ship :)

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Re: Best Forex Broker for MultiCharts... ?

Postby JoshM » 06 Jun 2014

Now, I shall see if I can somehow connect to OANDA via their new Rest API. Right now I do not even know if this would be possible / practical.
Thanks for the kind words.

Funny thing, I was also looking at OANDA's new API recently. It looks interesting, but I'm personally not a big fan of using .txt files with ASCII mapping in MultiCharts. I'd rather store the data in the MC database, since I feel that is quicker (and comes with the caching features, if I understand the process correctly).

Perhaps trading can still be done quickly if the files are kept small (i.e., not to many days of history), but for backtesting OANDA strategies more data will (obviously) be needed, especially given that data from one FX broker does not necessarily correlate that well with data from another FX broker.

What are your (or anyone else's) thoughts on this?

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 07 Jun 2014

Now, I shall see if I can somehow connect to OANDA via their new Rest API. Right now I do not even know if this would be possible / practical.
Thanks for the kind words.

Funny thing, I was also looking at OANDA's new API recently. It looks interesting, but I'm personally not a big fan of using .txt files with ASCII mapping in MultiCharts. I'd rather store the data in the MC database, since I feel that is quicker (and comes with the caching features, if I understand the process correctly).

Perhaps trading can still be done quickly if the files are kept small (i.e., not to many days of history), but for backtesting OANDA strategies more data will (obviously) be needed, especially given that data from one FX broker does not necessarily correlate that well with data from another FX broker.

What are your (or anyone else's) thoughts on this?
Josh,

Being grateful brings many rewards; the least of which is positive mental energy. Therefore, one should express gratitude at the first opportunity.

With regards to the REST API, you have clearly done some investigation while I have so far only thought about it!

While I agree with you on the count that our trading data should allow us to trade with ease rather than force us to be data managers as well, a solution could be to create two OANDA exchanges:

• one for trading; and
• the other for backtesting.

But, of course, if a trader has choice of brokers one need not bother with all this. However, being from a non Financial Action Task Force country, my Forex broker choices are even more limited than other MultiCharts users. Therefore, I need to explore every possible opportunity; and OANDA has come full circle and is now back to just about its best.

I trade Forex every day basing my trading decisions on charts of different granularities, but do not worry at all about the data varying from one source to another. Indeed, I would be rather reluctant to trade a strategy with real money unless it works well on the main data but does not produce good results on an alternate set of data. I always do my tests on two different data sets!

Khalid

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Re: Best Forex Broker for MultiCharts... ?

Postby JoshM » 07 Jun 2014

While I agree with you on the count that our trading data should allow us to trade with ease rather than force us to be data managers as well, a solution could be to create two OANDA exchanges:

• one for trading; and
• the other for backtesting.
That's the problem I think with any attempt by users to add a new broker themselves: this cannot be done without being somewhat of a data manager. For example, an OANDA exchange cannot be added, and the same goes for an OANDA broker connection inside MultiCharts itself.

Sure, one can pay MultiCharts for this, but with the standardised SDK's already between 3-5k USD, I'd be very surprised if a completely customised solution is much less.

Since I have no immediate need to trade with OANDA, I have no incentive to pay that. :] In addition, in another thread I suggested that users can fund this together, under supervision of MultiCharts. No one responded on this, so sharing the costs is also not a popular option.

The third option would be to create an API implication that uses ASCII mapping for the data, but that would not be a tight integration both in terms of data and orders. Sure, it can work safely and reliable, but not as convenient as working with a MultiCharts supported broker is. For example, open positions cannot be tracked in the order and position manager, disconnections are not visible in the OPT, and so on.

And that seems to bring the whole situation to a standstill:
  • Not many (retail) traders have the account size to easily recover an investment in a customised SDK developed by MultiCharts;
  • Sharing the costs is not popular enough to bring the costs of one customised SDK down enough to be reasonable for an individual trader;
  • Using a new broker yourself requires a bridge to another program (such as MT), but then you also get the drawbacks and untrustworthy features of such a program;
  • Creating an own data connection requires ASCII files and more data management on your own (i.e., not convenient, quick);
  • Creating an own broker connection can certainly work, but by not integrating it with MultiCharts additional information and warnings are lost (Sure, an additional app can be made for this that works as an OPT but frequent Alt-Tab between both programs is not that convenient also).
(Now I hope that someone responds and says I have it wrong and that there is a good solution. I'm all ears for that. :) )

* * * *

What surprises me, and now I'm getting somewhat off-topic, is why MultiCharts does not provide a C# interface for broker and data connections. There are already several MultiCharts traders who are familiar with that language (i.e., those that use MC .NET), so wouldn't a collaboration between the community and MultiCharts be an option? Sure, with crappy connections nobody is served. But if users test this themselves, then submit their source code to MultiCharts for further testing and including it in the official platform, quality is probably just as good as with the existing connections.

Judging from the number of new connections added recently, I don't have the impression that charging for this is a big cash cow for MultiCharts. Perhaps in marketing value there is more to win from having a wide range of brokers/connections to choose from.

(I know this is easier said than done, but in the current situation the list of brokers and data feeds only grows very little, if any. With Zen-Fire removed in MC9.0 this is not really going in the right direction. :] )

* * * * * *

Just to clarify, this post is 'food for thought' and not a complaint; I'm already satisfied with the brokers and data feeds offered. But in the case of non-Western countries (as Khalid points out), the current offering might be limited. Ironically, aren't those countries the biggest growth market for trading?

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 07 Jun 2014

Thank you, Josh. You have saved me lot of time and effort. Now I shall have a freer Sunday! :) :) :)
That's the problem I think with any attempt by users to add a new broker themselves: this cannot be done without being somewhat of a data manager. For example, an OANDA exchange cannot be added, and the same goes for an OANDA broker connection inside MultiCharts itself.

Sure, one can pay MultiCharts for this, but with the standardised SDK's already between 3-5k USD, I'd be very surprised if a completely customised solution is much less.
I do not think this is worth the effort. It is not the cost, which in my opinion you very much underestimate. I am afraid one could end up with rather unsatisfactory results. I have reasons to believe the MultiCharts-Dukascopy integration was initially a customized solution; and to this day it is probably not an entirely satisfactory one.
(Now I hope that someone responds and says I have it wrong and that there is a good solution. I'm all ears for that. :) )
Not likely.
What surprises me, and now I'm getting somewhat off-topic, is why MultiCharts does not provide a C# interface for broker and data connections. There are already several MultiCharts traders who are familiar with that language (i.e., those that use MC .NET), so wouldn't a collaboration between the community and MultiCharts be an option? Sure, with crappy connections nobody is served. But if users test this themselves, then submit their source code to MultiCharts for further testing and including it in the official platform, quality is probably just as good as with the existing connections.

Judging from the number of new connections added recently, I don't have the impression that charging for this is a big cash cow for MultiCharts. Perhaps in marketing value there is more to win from having a wide range of brokers/connections to choose from.

(I know this is easier said than done, but in the current situation the list of brokers and data feeds only grows very little, if any. With Zen-Fire removed in MC9.0 this is not really going in the right direction. :] )
While MultiCharts continue to scale new highs on the technical front, I hope I will be forgiven for expressing my doubts concerning their business acumen.
Just to clarify, this post is 'food for thought' and not a complaint; I'm already satisfied with the brokers and data feeds offered. But in the case of non-Western countries (as Khalid points out), the current offering might be limited. Ironically, aren't those countries the biggest growth market for trading?
I think Tresor more than raised similar questions a while back; and got nowhere.

Khalid

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Re: Best Forex Broker for MultiCharts... ?

Postby StratMan » 07 Jun 2014

While MultiCharts continue to scale new highs on the technical front, I hope I will be forgiven for expressing my doubts concerning their business acumen.
What is their business model... ?? .. Who knows the business relationship between TSS and brokers? What are the demands of the broker to be accessed by MultiCharts? Is there retrocession of commission from the broker to TSS ? , etc ...
It is only from these answers that the business acumen of TSS could be appreciated :?: 8-)

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 07 Jun 2014

While MultiCharts continue to scale new highs on the technical front, I hope I will be forgiven for expressing my doubts concerning their business acumen.
What is their business model... ?? .. Who knows the business relationship between TSS and brokers? What are the demands of the broker to be accessed by MultiCharts? Is there retrocession of commission from the broker to TSS ? , etc ...
It is only from these answers that the business acumen of TSS could be appreciated :?: 8-)
I understand, and respect, you point of view, StratMan. However, in my opinion, one need to not know these things to make a reasonable assessment. Please consider the following:

• even when one visits a Supported Broker, it is more often than not easier (in my experience) to hit upon a competing product;
• after so many years of MultiCharts, and 2 years of MultiCharts.NET, there is no presence here: http://traders.com/Documentation/FEEDbk ... sTips.html, while less years in its development cycle TS had a System Trading and Development Club going leading to a huge loyal following;
• for a product as good as MultiCharts with so many rave reviews, it appears to have surprising small following among traders; and
• more than 8 years after the MultiCharts Discussion Forum started there are only 3902 members.

Khalid

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Re: Best Forex Broker for MultiCharts... ?

Postby StratMan » 07 Jun 2014

• even when one visits a Supported Broker, it is more often than not easier (in my experience) to hit upon a competing product;
• after so many years of MultiCharts, and 2 years of MultiCharts.NET, there is no presence here: http://traders.com/Documentation/FEEDbk ... sTips.html, while less years in its development cycle TS had a System Trading and Development Club going leading to a huge loyal following;
• for a product as good as MultiCharts with so many rave reviews, it appears to have surprising small following among traders; and
• more than 8 years after the MultiCharts Discussion Forum started there are only 3902 members.
Yes Khalid, these are incontestable facts ...
It really is a very strange situation. :-|

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Re: Best Forex Broker for MultiCharts... ?

Postby JoshM » 07 Jun 2014

It really is a very strange situation. :-|
MultiCharts indeed deserves much more recognition than it currently is getting. With such a great product (even better with the great MC 9.0 features), quick release cycle, and good support, one would expect this product to also be the market leader in number of users.

Edited to keep it more on-topic.
Last edited by JoshM on 07 Jun 2014, edited 1 time in total.

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 07 Jun 2014

I completely agree. MC is a fantastic competitor and its potential its well beyond the competing platforms. However, not many know about it. I can't count how many people I've "sold" on this platform who have never heard of it before :)

The other leading retail platforms concentrate on advertising. MC concentrates on their product.

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Re: Best Forex Broker for MultiCharts... ?

Postby t-rader » 08 Jun 2014

I'm unsure what you're looking for? A bulletproof connection? You won't find that with any platform or broker.. regardless what market you're in. Automation does not mean 100% automated. We always monitor our strategies and deal with issues on a daily basis. That's just how things are. The trillion dollar banks have rooms full of people doing just that and they invest billions in their trading infrastructure.
.
Definitely agree with MAtricks in this regard. I think depending on the individual's background maybe some users don't understand what is required from an IT perspective regarding managing their server and platform. Although the burden of this task can be lowered with good monitoring software, alerts and regular maintenance. Example just last week I got an alert to my phone advising one of my servers only had 10% memory remaining (I think this could be the memory leak issue MAtricks started a thread for) but thanks to this alert I was able to prevent a possible issue.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 09 Jun 2014

While MultiCharts continue to scale new highs on the technical front, I hope I will be forgiven for expressing my doubts concerning their business acumen.
What is their business model... ?? .. Who knows the business relationship between TSS and brokers? What are the demands of the broker to be accessed by MultiCharts? Is there retrocession of commission from the broker to TSS ? , etc ...
It is only from these answers that the business acumen of TSS could be appreciated :?: 8-)
I understand, and respect, you point of view, StratMan. However, in my opinion, one need to not know these things to make a reasonable assessment. Please consider the following:

• even when one visits a Supported Broker, it is more often than not easier (in my experience) to hit upon a competing product;
• after so many years of MultiCharts, and 2 years of MultiCharts.NET, there is no presence here: http://traders.com/Documentation/FEEDbk ... sTips.html, while less years in its development cycle TS had a System Trading and Development Club going leading to a huge loyal following;
• for a product as good as MultiCharts with so many rave reviews, it appears to have surprising small following among traders; and
• more than 8 years after the MultiCharts Discussion Forum started there are only 3902 members.

Khalid
Great analysis!

Although MultiCharts offers great technical and analytical tools for trading, it is evidend that this platform is still an uncomplete product/service that cannot satisfy basic needs of wide groups of traders.

For example, actually it is not possible to trade decently Spot Forex with it, and the solutions MultiCharts offers in this area are poor, incomplete or are forcing traders for very complicate approaches.

Furthermore, their staff confirmed me via email that not even their MCFX Demo is available now...

Their supported Forex brokers are too retail, lacks history loading, have "bugs" in the connection with the platform, have negative reputation among traders or need "strange" third parties solution, in order to give a complete Forex Spot Multicharts trading service....

I can't consider trading Spot Forex at all actually with Multicharts!

The tens of answers (and lack of answers ;) ) in this topic are completely confirming all what I am saying, and it is really SAD we are DEPRIVED from the possibility to trade Spot Forex with MultiCharts nowadays!!!!

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 09 Jun 2014

Although MultiCharts offers great technical and analytical tools for trading, it is evidend that this platform is still an uncomplete product/service that cannot satisfy basic needs of wide groups of traders.
Wrong. You're just doing it (or not actually doing it at all) incorrectly.

I always support new broker additions though.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 09 Jun 2014

Although MultiCharts offers great technical and analytical tools for trading, it is evidend that this platform is still an uncomplete product/service that cannot satisfy basic needs of wide groups of traders.
Wrong. You're just doing it (or not actually doing it at all) incorrectly.

I always support new broker additions though.

Unfortunately, the actual MultiCharts environment for forex spot traders is insufficient. Also the portfolio's tools for forex traders in MultiCharts are incomplete. There are problems with the currencies converter.....

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 09 Jun 2014

Funny... I used MC to trade FX for 3 years. I had a few issues (mostly because I didn't know how to use the platform), but they were cleared up with some work with the MC team. During that time, I used MB for FX full time with several day trading strats which worked very well once i got the hang of it, FXCM for a year and a half with 1 FX strat, and IB for 1 FX strat. Works great.. alongside all of that, I was running separate platforms for other things. MC was the most reliable of the bunch.. and still is.

Good luck on your hunt for the perfect FX platform :)

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 09 Jun 2014

Funny... I used MC to trade FX for 3 years. I had a few issues (mostly because I didn't know how to use the platform), but they were cleared up with some work with the MC team. During that time, I used MB for FX full time with several day trading strats which worked very well once i got the hang of it, FXCM for a year and a half with 1 FX strat, and IB for 1 FX strat. Works great.. alongside all of that, I was running separate platforms for other things. MC was the most reliable of the bunch.. and still is.

Good luck on your hunt for the perfect FX platform :)
You past experience is fully respectable, and your will to help here, further more.

But as you see confirmed from others too, actually different conditions are changed.

MultiCharts is a great platform, infact I am here to try to have solutions from their support...

There are facts, concrete facts that are not favorable for forex spot traders in Multicharts.



This platform is a nice robust Jet, but can't go supersonic, if the pilot is a FX trader!!!

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Re: Best Forex Broker for MultiCharts... ?

Postby TJ » 09 Jun 2014

One day, everybody will learn the meaning of "bucket shop".
Some will learn it the easy way, some will learn it the hard way,
but everybody will learn, it just takes time.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 09 Jun 2014

I'm unsure what you're looking for? A bulletproof connection? You won't find that with any platform or broker.. regardless what market you're in. Automation does not mean 100% automated. We always monitor our strategies and deal with issues on a daily basis. That's just how things are. The trillion dollar banks have rooms full of people doing just that and they invest billions in their trading infrastructure.
.
Definitely agree with MAtricks in this regard. I think depending on the individual's background maybe some users don't understand what is required from an IT perspective regarding managing their server and platform. Although the burden of this task can be lowered with good monitoring software, alerts and regular maintenance. Example just last week I got an alert to my phone advising one of my servers only had 10% memory remaining (I think this could be the memory leak issue MAtricks started a thread for) but thanks to this alert I was able to prevent a possible issue.
Thank you for your post, but from my point of view, this is very subjective.

Don't forget that for hundreds of thousands of traders (maybe millions), MT4/MT5 is the best platform in the world!

MultiCharts is far, far superior and reliable than MT4/MT5. But it could be incremented much more, particulary for EXIGENT spot forex users.

If this was a MT4/MT5 topic forum, and if I was argumenting there, MT4/MT5 platform is not perfect, many of its users would have being saying I am exagerated, unpreapred or unable to understand MT4/MT5 is the best I could have... Infact 99% of MT4/MT5 traders can't even imagine a trading environment as those of MultiCharts....

Same could happen here, on different level. I see no difference.

I don't what a perfect platform, made by Zeus himself, I just want some minimal acceptable actual condition for Automated Forex Spot Trading in MultiCharts.

And today, these conditions are insufficient.

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 09 Jun 2014

Gargoyle,

Trading is a very personal, and nuanced, activity. Different traders have differing needs.

Traders should find “own light” regarding every aspect of trading. Therefore, my sincere advise to you is to please quietly do your exploration and then follow through with whatever you find meeting your needs. And trade smallest until you are comfortable.

MultiCharts, I am confident, will one day meet your needs; I should think the new 9.0 Beta 1 is, indeed, “a big step forward”.

Khalid

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 09 Jun 2014

Gargoyle,

Trading is a very personal, and nuanced, activity. Different traders have differing needs.

Traders should find “own light” regarding every aspect of trading. Therefore, my sincere advise to you is to please quietly do your exploration and then follow through with whatever you find meeting your needs. And trade smallest until you are comfortable.

MultiCharts, I am confident, will one day meet your needs; I should think the new 9.0 Beta 1 is, indeed, “a big step forward”.

Khalid
Thank you Khalaad, I agree with you totally. I do not want to impose my thoughts, I am just defending them.

My hope for MultiCharts 9.0 is big, I do not want to be forced to discard MultiCharts for my purposes...

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 09 Jun 2014

One day, everybody will learn the meaning of "bucket shop".
Some will learn it the easy way, some will learn it the hard way,
but everybody will learn, it just takes time.
Quite right, TJ.

However, in the present uncertain times jurisdiction also matters, in my opinion. Given the debacles of the last few years, I cannot help thinking that a FCA authorized bucket shop in UK is probably safer than a FCM across the pond.

Sad.

Khalid

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 10 Jun 2014

One day, everybody will learn the meaning of "bucket shop".
Some will learn it the easy way, some will learn it the hard way,
but everybody will learn, it just takes time.
My favorite post from TJ

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Re: Best Forex Broker for MultiCharts... ?

Postby StratMan » 10 Jun 2014

One day, everybody will learn the meaning of "bucket shop".
Some will learn it the easy way, some will learn it the hard way,
but everybody will learn, it just takes time.
Quite right, TJ.
However, in the present uncertain times jurisdiction also matters, in my opinion. Given the debacles of the last few years, I cannot help thinking that a FCA authorized bucket shop in UK is probably safer than a FCM across the pond.
Sad.
Khalid
Just for fun, here's what can happen with the Best Forex Broker for MultiCharts... !
And this is in no way attributable to MultiCharts, but entirely within broker! 8-)
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Re: Best Forex Broker for MultiCharts... ?

Postby JoshM » 10 Jun 2014

One day, everybody will learn the meaning of "bucket shop".
Some will learn it the easy way, some will learn it the hard way,
but everybody will learn, it just takes time.
MultiCharts already provides connections to "bucket shops" (e.g., FXCM with its NFA and FCA fines), so I don't think this is a strong argument against adding additional brokers (both forex and non-forex) to MultiCharts.

Plus, this argument also gives the additional problem of defining what a "bucket shop" is. For me, FXCM is a bucket shop, but MA Tricks has traded 1,5 years satisfactory with them. So should brokers like that be excluded upfront, even though some users consider them suited to their needs and are happy with them?

I think decisions about adding new brokers can be better based on the number of users a broker has and the client make-up (e.g., trading account size in relation to MultiCharts license cost). For example, OANDA has more than six times as many active accounts as MB Trading has (source).

So if we're interested in the growth of MultiCharts (which I assume we all are), wouldn't it make sense to also add connections to popular brokers? Sure, they might not be as good or reputable as InteractiveBrokers or other big brokerages. But isn't MultiCharts in the business of selling its software catered to the wished of their potential users, as opposed to filtering out "bucket shops"?

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Re: Best Forex Broker for MultiCharts... ?

Postby TJ » 10 Jun 2014

... But isn't MultiCharts in the business of selling its software catered to the wished of their potential users, as opposed to filtering out "bucket shops"?
It is an interesting concept that you think MC should be the gatekeeper to filter out "bucket shops".

I don't know which broker is a bucket shop; I am surprised you named FXCM.

For all I know, certain brokers do not want 3rd party software, no matter how good it is.
Based on the past discussions on the forum, this is not the lack of effort on MC's part.

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Re: Best Forex Broker for MultiCharts... ?

Postby JoshM » 10 Jun 2014

It is an interesting concept that you think MC should be the gatekeeper to filter out "bucket shops".
You misread me; I was actually saying that that is literally not their business.

As I read your comment about "bucket shops" in the context of adding new brokers to MultiCharts, I took that as a saying there's little point to add "bucket shops" connections (which is apparently also the way other another user read that). I addressed my thoughts about why I think that would be a bad idea, and ended with a rhetorical question if MC (or anyone else) should classify which brokers are "bucket shops" and which not.
For all I know, certain brokers do not want 3rd party software, no matter how good it is.
True, but for certain broker connections that is not the case. For instance, OANDA's API is freely available on their website so that more 3rd party software can connect to this broker. So if MultiCharts want, they could.
Based on the past discussions on the forum, this is not the lack of effort on MC's part.
We don't know that for a fact. Yes, they've communicated actively with several brokers, but it also seems to me that, as soon as commercial agreements need to be reached, negotiations reach a standstill. That is also partly MultiCharts fault, because when negotiations break down, two parties are both to blame (not saying equally, though).

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Re: Best Forex Broker for MultiCharts... ?

Postby JoshM » 10 Jun 2014

As for the feature request, at the moment we don't plan to connect those vendors/brokers/platforms.
1) We are open for new partners, but at the moment we haven't scheduled any particular for nearest futures.
When MultiCharts Support reads up on this thread and answers the open questions, I was wondering if these statements quoted above could be clarified with a time frame (either in the forum or through PM).

As I brainstormed in post #71, perhaps the community could come up with a solution (I'm certainly willing to help with that, but that was probably already clear). But probably no one is going to sacrifice their free evenings and weekends until there is some more clarity about the time horizon that new brokers are added, because I assume we all have already other things to do.

In other words, there might be little point in doing volunteering code work if you guys bring an official solution just beyond the 'nearest future'. Because when that happens, any community solution can likely be put in the trash bin. :)

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 10 Jun 2014

One day, everybody will learn the meaning of "bucket shop".
Some will learn it the easy way, some will learn it the hard way,
but everybody will learn, it just takes time.
Quite right, TJ.

However, in the present uncertain times jurisdiction also matters, in my opinion. Given the debacles of the last few years, I cannot help thinking that a FCA authorized bucket shop in UK is probably safer than a FCM across the pond.

Sad.

Khalid
In my 29 years of real-money trading I have lost more money due to FCM broker fraud/default than to bucket shop fraud/default. No credit to bucket shops; but it is a reflection on some regulators who once upon a time used to boast no one in living memory has lost money through fraud with any of our member firm.

Khalid

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 10 Jun 2014

True, but for certain broker connections that is not the case. For instance, OANDA's API is freely available on their website so that more 3rd party software can connect to this broker. So if MultiCharts want, they could.
Based on the past discussions on the forum, this is not the lack of effort on MC's part.
We don't know that for a fact. Yes, they've communicated actively with several brokers, but it also seems to me that, as soon as commercial agreements need to be reached, negotiations reach a standstill. That is also partly MultiCharts fault, because when negotiations break down, two parties are both to blame (not saying equally, though).
Ah! The vexed question of MultiCharts and OANDA.

At least now we may be able to make a reasonable guess whether it was OANDA who did not want MultiCharts, or MultiCharts could not bring themselves to connect to OANDA.

The new OANDA REST API is free; the Java API was expensive.

Khalid

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 10 Jun 2014

I think it all comes down to MC marketing.. If more traders knew about and wanted MC, these brokers would help out with the connection.

As a believer in the platform, help out where you can :)

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 10 Jun 2014

I think it all comes down to MC marketing.. If more traders knew about and wanted MC, these brokers would help out with the connection.

As a believer in the platform, help out where you can :)
Even though at times in the past I have been severely critical of MultiCharts on this forum, my 'help out' elsewhere goes back many years and is well documented.

I honestly, truly, believe MultiCharts has not done enough on the Forex front. If this is a strategic decision, I accept, and respect, it. But if it is not, then it is high time MultiCharts takes some remedial action.

The OANDA REST API offers a golden opportunity.

To me it seems Interactive Brokers are a rather self-satisfying feather in MultiCharts cap. And IB, indeed, offers 82 Forex pairs. But the selection of those 82 from a trader's point of view leaves much to be desired. For instance, there is no NZDCAD, but there are 8 KRW pairs! And no ZAR, no TRY.

The pairs available with OANDA are a different class altogether.

Khalid

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 10 Jun 2014

To me it seems Interactive Brokers are a rather self-satisfying feather in MultiCharts cap. And IB, indeed, offers 82 Forex pairs. But the selection of those 82 from a trader's point of view leaves much to be desired. For instance, there is no NZDCAD, but there are 8 KRW pairs! And no ZAR, no TRY.
Moreover, it appears at least lower granularities Interactive Brokers history data comes without volume. If this is the case, then how on earth would one trade strategies which use volume?

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 10 Jun 2014

Volume on FX...? Don't do it.

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 10 Jun 2014

Volume on FX...? Don't do it.
Actually, been doing it very successfully for over 10 years.

If I remember correctly, there was once a time when futures volume for the day was also tick volume; never did any harm either.

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 10 Jun 2014

I guess it depends on your broker... Seeing as the volume is specific to only orders cleared through them. And they have the power within the lack of regulations to alter this data to better their bottom line.

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 10 Jun 2014

I guess it depends on your broker... Seeing as the volume is specific to only orders cleared through them. And they have the power within the lack of regulations to alter this data to better their bottom line.
Well...all my strategies are tested on two different sets/feeds of data, and they do not see real money until pass muster a minimum System Quality Number® on both data sets.

I am scared stiff of data mining bias.

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 10 Jun 2014

Interesting. Who are the two data providers? I'm assuming they clear through the same entity. Which would mean that the two data sets come from the same place and should be relatively similar with the exception of broker manipulation.

I'm unsure how volume is valid at all in fx.. seeing as there is no centralized exchange. Volume, if its available, is provided from the data that's localized at your clearing house and only there. 10 other data providers will have completely different volume specs. But if you have anything in FX that's been working for 10 years :) Great job.

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 10 Jun 2014

Interesting. Who are the two data providers? I'm assuming they clear through the same entity. Which would mean that the two data sets come from the same place and should be relatively similar with the exception of broker manipulation.

I'm unsure how volume is valid at all in fx.. seeing as there is no centralized exchange. Volume, if its available, is provided from the data that's localized at your clearing house and only there. 10 other data providers will have completely different volume specs. But if you have anything in FX that's been working for 10 years :) Great job.
MAtricks,

If they cleared through the same entity, I would not call them "two different sets/feeds of data". I have, and use, data from OANDA and IQFeed. I have recently obtained TrueFX data, but have not used it yet.

By the way, for something to work for a trader only she/he has to be sure about, and believe in, the validity of the hypothesis. Second opinions are not required.

Khalid

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 10 Jun 2014

Interesting. Who are the two data providers? I'm assuming they clear through the same entity. Which would mean that the two data sets come from the same place and should be relatively similar with the exception of broker manipulation.

I'm unsure how volume is valid at all in fx.. seeing as there is no centralized exchange. Volume, if its available, is provided from the data that's localized at your clearing house and only there. 10 other data providers will have completely different volume specs. But if you have anything in FX that's been working for 10 years :) Great job.
MAtricks,

If they cleared through the same entity, I would not call them "two different sets/feeds of data". I have, and use, data from OANDA and IQFeed. I have recently obtained TrueFX data, but have not used it yet.

By the way, for something to work for a trader only she/he has to be sure about, and believe in, the validity of the hypothesis. Second opinions are not required.

Khalid
Before it is pointed out that IQFeed data did not provide Forex volume data 10 years ago, let me say others did.

Khalid

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 11 Jun 2014

I wasn't stating opinions, its just how the fx market is built. You do whatever you want with whatever you want and good luck with it!

I do have one opinion: All that matters is that your accounts are in the green :)

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 11 Jun 2014

I wasn't stating opinions, its just how the fx market is built. You do whatever you want with whatever you want and good luck with it!

I do have one opinion: All that matters is that your accounts are in the green :)
Thank you.

Khalid

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Re: Best Forex Broker for MultiCharts... ?

Postby JGSmith » 11 Jun 2014

So I am a little confused - did anyone answer the first question. ;) ;) ;) ;) ;) lol

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 11 Jun 2014

So I am a little confused - did anyone answer the first question. ;) ;) ;) ;) ;) lol
You are right JGSmith! It is not so easy to get answered to the first question.


1) It is evident there are not too much Forex traders with MultiCharts; great majority trade Futures.

2) If you use Interactive Brokers, you need to restart your platform once a day, or attempting to mantain it online with third parties software. They have a regular daily break and disconncetion for rollover... Since you may be forced to restart manually your MC platform, automatic trading is not so comfortable with big portfolios.

It seems there is this sloution: https://www.multicharts.com/tws/

But no one is manifesting being using it so far! :)

3) MB Trading: similar situation with regular 15 minutes daily break, manual restart is needed for MC and this time no 3rd parties softwares are known to exist for trying to facilitate this situation with MC.

4) Dukascopy FIX API and OEC, have no historicals loading here in MC at all, and you can't aspire to load any lost tick in real time after any disconnection. You can merge external datas but, you know, they would not be Dukascopy/OEC data... and for example Dukascopy allows loading their tick chart day by day, only after 22:00GMT of the last trading session... :D

5) FXCM is no longer possible to be traded via MC, due to API and technical lack of support. Recently I tryied to use MCFX Demo, but MC's support said it is not actually available.

6) LMAX, apparently is a good solution for automatic forex trading with MC, but some customers found several malfuncions both in LMAX service and in malfunctions to recovery connections and history in relation to MC. Again manual restart is needed. See this topic: viewtopic.php?f=1&t=46472

7) Ava Trade seems having very bad reputation and different claims on forexpeacearmy.com.

8 ) IWBank support is not specifing who are its Forex providers, as well they have not even 1 year of tick historical datas available for customers... do you really want to trade with them??


Are there more options to trade automatically Forex with MC?! We don't know, but it seems there are not. Here very FEW traders were able to answer with coherence, on the fact if they are trading nowadays automatically spot Forex with MC......

Solutions?! We are hoping MC 9.0 may better the trading environment or the time itself...

As I said, today MultiCharts conditions to trade Spot Forex are insufficient... unfortunately...

I am still waiting somebody to contradict me on that with decent arguments, and show me how he is trading Spot Forex automatically these weeks with some good degree of reliability here in MC...

If you accept to sacrify some MC's advanced funcionts, you can still go with NT, where FXCM is still supported, there is Forex.com (GainCapital) too, which have no regular daily rollover disconnection, and where their platform is stated to be able to recovery without restart after the MB Trading daily break...

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Re: Best Forex Broker for MultiCharts... ?

Postby JoshM » 12 Jun 2014

2) If you use Interactive Brokers, you need to restart your platform once a day, or attempting to mantain it online with third parties software. They have a regular daily break and disconncetion for rollover... Since you may be forced to restart manually your MC platform, automatic trading is not so comfortable with big portfolios.

It seems there is this sloution: https://www.multicharts.com/tws/
Good post, but MC for TWS is like regular MultiCharts with the same IB connection features. So the periodic disconnects and historical data pacing violation still happen with MC for TWS.
I am still waiting somebody to contradict me on that with decent arguments, and show me how he is trading Spot Forex automatically these weeks with some good degree of reliability here in MC...
I think we're both still waiting. I'm waiting on an official response from MultiCharts Support -- their last reaction in this topic was over a week ago. Given that more than 50 responses have been added since, there's more than enough to respond to. I must say I'm getting somewhat sceptical that all questions will be answered after all this time and with all these responses.

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Re: Best Forex Broker for MultiCharts... ?

Postby JGSmith » 12 Jun 2014

Could I be mistaken? I am actually encouraged with the fact that Someone should restart their platform once per day with IB and that being the only problem - if someone even considers that to be a problem. No matter if it were required, I would probably do that anyway because of that nature of windows programs (which I think was mentioned earlier but can't quite remember). So if all I need to do is simply restart the software, it would put IB toward the too of the list firms (which they are my broker anyway so that, again, is good news)

I quite like NT a lot. It is a very clean and durable system. Of course it, like any software has its drawbacks. With that said, I am looking into MC for other reasons which are not the topic of this thread.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 12 Jun 2014

Could I be mistaken? I am actually encouraged with the fact that Someone should restart their platform once per day with IB and that being the only problem - if someone even considers that to be a problem. No matter if it were required, I would probably do that anyway because of that nature of windows programs (which I think was mentioned earlier but can't quite remember). So if all I need to do is simply restart the software, it would put IB toward the too of the list firms (which they are my broker anyway so that, again, is good news)

I quite like NT a lot. It is a very clean and durable system. Of course it, like any software has its drawbacks. With that said, I am looking into MC for other reasons which are not the topic of this thread.
Hello JGSmith,

I fear the issue is a little more complicated. All depends from what level of exigence you need in your trading session.

If you trade several accounts, and wide porfolios, something like 50-100-200 pairs, and you run intraday automatic strategy with some specific functions, dealing with daily restart becames a nightmare and a great obstacle! It would perturbate many aspects of your trading..

So we cannot accept similar conditions. We need to trade WITHOUT the need to restart the platform, and with the ability of Multicharts to recover alone, after any disconenction, so missing ticks during that period may be reloaded without have to stopping our automatic strategy run.

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Re: Best Forex Broker for MultiCharts... ?

Postby JGSmith » 12 Jun 2014

Yes, to be honest, I can see that being an issue

What other platforms have you tested that do not have this issue?

This is an area that NT has dialed in as they have in their software preprogrammed what to do in case of connection losses. In fact, if someone steps into deeper level of coding, they can actually, unkowingly, turn off that feature and potentially hurt their account so it is extremely important that if someone is doing expert level coding that they know exactly what they are doing.

Dealing with connection losses is an important element of trading software development.

I guess the next, and much simpler, question is: If it is manually restarted, will all of the data be properly populated? I could not imagine that the answer would be "no".

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 12 Jun 2014

Yes, to be honest, I can see that being an issue

What other platforms have you tested that do not have this issue?

This is an area that NT has dialed in as they have in their software preprogrammed what to do in case of connection losses. In fact, if someone steps into deeper level of coding, they can actually, unkowingly, turn off that feature and potentially hurt their account so it is extremely important that if someone is doing expert level coding that they know exactly what they are doing.

Dealing with connection losses is an important element of trading software development.

I guess the next, and much simpler, question is: If it is manually restarted, will all of the data be properly populated? I could not imagine that the answer would be "no".

The fact is that year ago, being possible trading FXCM with MultiCharts, a similar problem was quite insignificant. Today FXCM is no longer available in MC.

The question is complicated, just consider that we do not want daily "black holes" in our trading session, nor time to deal with...

I've studied this issue only in MC.

Are you an expert trader of NT? Are you an automatic forex trader?

If yes, can you share in some details your trading experience pertinent to this topic?

Thank you in advance!

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Re: Best Forex Broker for MultiCharts... ?

Postby JoshM » 12 Jun 2014

Dealing with connection losses is an important element of trading software development.
Very important indeed, but not possible with MultiCharts while other platforms (like the one you mention) have this functionality.

There's a 10-month old yet-to-be-reviewed feature request for that here: MC-1109 - Add a Connection event to IDataSource.

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 12 Jun 2014

What other platforms have you tested that do not have this issue?
Let me step on a minefield once again: CrapTrader4 does not need a push start. On several occasions I it has run by itself on a rickety old laptop from Sunday to Friday.

But, please beware, it is a crappy software.

Khalid

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 12 Jun 2014

What other platforms have you tested that do not have this issue?
Let me step on a minefield once again: CrapTrader4 does not need a push start. On several occasions I it has run by itself on a rickety old laptop from Sunday to Friday.

But, please beware, it is a crappy software.

Khalid

I can't take in consideration MT4/MT5 as a tool for automatic trading... I prefer much more NT to be considerated an eventual alternative....

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Re: Best Forex Broker for MultiCharts... ?

Postby JGSmith » 12 Jun 2014

Are you an expert trader of NT? Are you an automatic forex trader?

If yes, can you share in some details your trading experience pertinent to this topic?

Thank you in advance!
I am far from a NT expert. I have been testing out their software for several months and do quite like it and it is my sole charting platform. I enter orders manually to Interactive Brokers. I am a professional FX trader with my primary source of income from my FX trading and I also manage FX accounts. I am looking to automate more and more of what I do which is why I have been seriously looking into MC and NT - both having some excellent elements to them and both having something that I wish the other platform had.

In general, I can say that you will not go wrong with NT for just about everything you have need of within the space of stocks/futures/forex - obviously no options and they have no plans of creating an options trading platform.

I am getting down to the wire of when I will be determining which of the two I will be purchasing and have a very important set of questions listed in another thread on this forum, which, when answered fully, will help make the final decision of which direction to go.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 12 Jun 2014

Are you an expert trader of NT? Are you an automatic forex trader?

If yes, can you share in some details your trading experience pertinent to this topic?

Thank you in advance!
I am far from a NT expert. I have been testing out their software for several months and do quite like it and it is my sole charting platform. I enter orders manually to Interactive Brokers. I am a professional FX trader with my primary source of income from my FX trading and I also manage FX accounts. I am looking to automate more and more of what I do which is why I have been seriously looking into MC and NT - both having some excellent elements to them and both having something that I wish the other platform had.

In general, I can say that you will not go wrong with NT for just about everything you have need of within the space of stocks/futures/forex - obviously no options and they have no plans of creating an options trading platform.

I am getting down to the wire of when I will be determining which of the two I will be purchasing and have a very important set of questions listed in another thread on this forum, which, when answered fully, will help make the final decision of which direction to go.
You are one of the minory of traders who have written here and who are supporting the reason of be of this Topic.

Thank you JGSmith, thank you for your support!

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 12 Jun 2014

What other platforms have you tested that do not have this issue?
Let me step on a minefield once again: CrapTrader4 does not need a push start. On several occasions I it has run by itself on a rickety old laptop from Sunday to Friday.

But, please beware, it is a crappy software.

Khalid

I can't take in consideration MT4/MT5 as a tool for automatic trading... I prefer much more NT to be considerated an eventual alternative....
All I said was CarpTrader4 does not need a push-start.

I also added a beware.

Khalid

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Re: Best Forex Broker for MultiCharts... ?

Postby TJ » 12 Jun 2014

::
... similar situation with regular 15 minutes daily break, manual restart is needed for MC and this time no 3rd parties softwares are known to exist for trying to facilitate this situation with MC.
::
Don't be naive,
The hidden truth is... all brokers reboot their computers.
Some chose to not tell you when.
Some chose to hang on until it crashes.

The fact is, all computers need periodic rebooting.



A side note:
If you have read the history of IB, and know the background of its founder, you will recognize the innovation and contributions he made to electronic trading. We should consider ourselves lucky to have him pave the way. (you can google for the article).

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 12 Jun 2014

::
... similar situation with regular 15 minutes daily break, manual restart is needed for MC and this time no 3rd parties softwares are known to exist for trying to facilitate this situation with MC.
::
Don't be naive,
The hidden truth is... all brokers reboot their computers.
Some chose to not tell you when.
Some chose to hang on until it crashes.

The fact is, all computers need periodic rebooting.



A side note:
If you have read the history of IB, and know the background of its founder, you will recognize the innovation and contributions he made to electronic trading. We should consider ourselves lucky to have him pave the way. (you can google for the article).
Absolutely true; some are honest, while others are sly.

While there is no such thing as a perfect trading software, MultiCharts is now acknowledged amongst the best. I have read a number of reviews by very experienced and highly rated professionals rating MultiCharts better than NT.

Similarly IB is not a perfect broker; but it is just about the best there is. Pity it does not suit my needs. In my opinion, it is also rock solid:

http://www.cftc.gov/MarketReports/Finan ... /index.htm

Khalid

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 12 Jun 2014

::
... similar situation with regular 15 minutes daily break, manual restart is needed for MC and this time no 3rd parties softwares are known to exist for trying to facilitate this situation with MC.
::
Don't be naive,
The hidden truth is... all brokers reboot their computers.
Some chose to not tell you when.
Some chose to hang on until it crashes.

The fact is, all computers need periodic rebooting.



A side note:
If you have read the history of IB, and know the background of its founder, you will recognize the innovation and contributions he made to electronic trading. We should consider ourselves lucky to have him pave the way. (you can google for the article).

Thank you for your comment. However those arguments means nothing in my attempts to receive some anwers and solutions from MultiCharts.

I also have computers which are turned on 24/7 for months, and need to be periodically reboot... What I care about is how the platform recovers and manages any off period, for whatever reason these disconnections are caused.

Thank you for this information. I am sure he is brillant, but IB forex service is very poor ergonomic, and its plug in with MC is very unconfortable. This is what matters for me here, and of course the solutions that may be provided.

If not, I would purchase a different platform, for better solutions for my customers needs and with more ergonomical forex brokers.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 12 Jun 2014

::
... similar situation with regular 15 minutes daily break, manual restart is needed for MC and this time no 3rd parties softwares are known to exist for trying to facilitate this situation with MC.
::
Don't be naive,
The hidden truth is... all brokers reboot their computers.
Some chose to not tell you when.
Some chose to hang on until it crashes.

The fact is, all computers need periodic rebooting.



A side note:
If you have read the history of IB, and know the background of its founder, you will recognize the innovation and contributions he made to electronic trading. We should consider ourselves lucky to have him pave the way. (you can google for the article).
Absolutely true; some are honest, while others are sly.

While there is no such thing as a perfect trading software, MultiCharts is now acknowledged amongst the best. I have read a number of reviews by very experienced and highly rated professionals rating MultiCharts better than NT.

Similarly IB is not a perfect broker; but it is just about the best there is. Pity it does not suit my needs. In my opinion, it is also rock solid:

http://www.cftc.gov/MarketReports/Finan ... /index.htm

Khalid

MultiCharts is better than NT in the majority of its capabilities, I agree.

But MultiCharts is not "the Best"; in fact it lacks environment for Automatic Spot Forex Trading!

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 12 Jun 2014

Absolutely true; some are honest, while others are sly.

While there is no such thing as a perfect trading software, MultiCharts is now acknowledged amongst the best. I have read a number of reviews by very experienced and highly rated professionals rating MultiCharts better than NT.

Similarly IB is not a perfect broker; but it is just about the best there is. Pity it does not suit my needs. In my opinion, it is also rock solid:

http://www.cftc.gov/MarketReports/Finan ... /index.htm

Khalid

MultiCharts is better than NT in the majority of its capabilities, I agree.

But MultiCharts is not "the Best"; in fact it lacks environment for Automatic Spot Forex Trading!
Gargoyle,

It appears you do not carefully read what other people write before you reply.

I wrote: "amongst the best", not "the Best".

Moreover, many, many, posts ago I also submitted I do not trade Forex via MultiCharts, but that I accept MultiCharts cannot be all things to all people.

I would humbly request if you are not happy with the answers you have had so far, then kindly rewrite then in one post. For whatever they would be worth, I shall do my best to reply to them one by one.

Thank you.

Khalid

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 12 Jun 2014

Absolutely true; some are honest, while others are sly.

While there is no such thing as a perfect trading software, MultiCharts is now acknowledged amongst the best. I have read a number of reviews by very experienced and highly rated professionals rating MultiCharts better than NT.

Similarly IB is not a perfect broker; but it is just about the best there is. Pity it does not suit my needs. In my opinion, it is also rock solid:

http://www.cftc.gov/MarketReports/Finan ... /index.htm

Khalid

MultiCharts is better than NT in the majority of its capabilities, I agree.

But MultiCharts is not "the Best"; in fact it lacks environment for Automatic Spot Forex Trading!
Gargoyle,

It appears you do not carefully read what other people write before you reply.

I wrote: "amongst the best", not "the Best".

Moreover, many, many, posts ago I also submitted I do not trade Forex via MultiCharts, but that I accept MultiCharts cannot be all things to all people.

I would humbly request if you are not happy with the answers you have had so far, then kindly rewrite then in one post. For whatever they would be worth, I shall do my best to reply to them one by one.

Thank you.

Khalid

Dear Khalaad,

I apologize if I induced you to fell unconfortable with my comments. I assure it was not my intention at all.

Sure I read carrefully your post on MT4 and its characteristics, as well as this last one about MultiCharts service qualities/capabilities.

My answers were not critics up on yours, just confirmations, sustaining exactly the same things. So I am aware they may have sounded as sustaining something you just had said before.... The fact is I agree with all your positions, and if I repeat them is just to confirm them.

Resons about my topic, you can find in post #110. In post #109, JGSmith caught the fact the few traders were talking about their recent MC actual automatic trading experience with forex brokers...

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 12 Jun 2014

It appears you do not carefully read what other people write before you reply.
Hence the amount of posts.

The answers you need are all here. The answers you want will never be here.

The trading industry as a whole is a very closed source of information. If you don't enjoy blazing a trail in a very time consuming and possibly dangerous road, quit now because that's how we all did it. Its not selfishness and secrets that deprives you of your answers, its the fact that everyone does it differently.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 12 Jun 2014

It appears you do not carefully read what other people write before you reply.
Hence the amount of posts.

The answers you need are all here. The answers you want will never be here.

The trading industry as a whole is a very closed source of information. If you don't enjoy blazing a trail in a very time consuming and possibly dangerous road, quit now because that's how we all did it. Its not selfishness and secrets that deprives you of your answers, its the fact that everyone does it differently.
You should be thankful that there are people like me who insist in demanding a better service.

Otherwise you all would be trading MT.

With your actitude, your are only justifing MultiCharts anomalies.

Why? Do you really accept bugs, lack of answers, lack of reactions?! Or you have some hidden interest to help MultiCharts preventing from people like me and some others?!

Are you able to understand a trading environment qualities levels which you do not personally need?!

MultiCharts is not the only retail platform in the world. There are others with their pro and cons too, and others more which have better condition for what is the subject of this topic. So the service we are demanding here is realizable.

Howover, for some not transparent reason, there is not enough motivation to do it.

Check post #73 for some inspiration.

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 12 Jun 2014

I'm afraid that some doing will help you understand the replies here. Inexperience is really hindering the communication.

I'm all for MC upgrading what they can. A fix for FXCM is high on the list. A connection with Hotspot and the other institutional FX brokers would be amazing. No one is arguing these things...

But to be spoon fed impossibilities is out of the question.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 12 Jun 2014

I'm afraid that some doing will help you understand the replies here. Inexperience is really hindering the communication.

I'm all for MC upgrading what they can. A fix for FXCM is high on the list. A connection with Hotspot and the other institutional FX brokers would be amazing. No one is arguing these things...

But to be spoon fed impossibilities is out of the question.
Facts are:

- Last MultiChart Support's post here is the #49. They never answered post post #55.

- LMAX, MBTrading, Interactive Brokers etc. recovery issue is still not solved. Particulary LMAX issue, check viewtopic.php?f=1&t=46472. There are specific claims not being solved from several months.

- Big part of traders here do not see a significant obstacle with those recovery problems and manual restarting needs. No doubt they do not need to trade 200 pairs on 15-20 accounts at ticks based indicators, 24/7.

- Actually there is not even one Forex Broker in Multicharts who permits, in relation with Multicharts, to trade as I said above.

- Big part of posts here are argumenting opinions as the topic is not about the points above.

- Quite no traders shared actual automatic trading activity in MultiCharts, of the Forex Spot Market, an other issue of the first post.

- Some traders are insisting that all this forex trading environment is normal, and should be accepted.

- Lack of posts of highly envolved traders in automatic spot forex trading in MultiCharts is very evident in this topic.

- So 6-7 Forex Brokers are displayed in MultiCharts site, but no one gives real safe conditions for intense portfolio automatic trading.

- In different multibroker platforms, Forex spot conditions from this point of view are much better.

- We want to run highly intense automatic trading in Forex with MultiCharts' tools.

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Re: Best Forex Broker for MultiCharts... ?

Postby StratMan » 12 Jun 2014

The fact is that the latest version of MC (MultiCharts64 Version 9.0 Beta 1 (Build 9345)) absolutely not solve the problem LMAX. The last occurrence of this failure just occurred on my server, and for information, here is a video that shows what happens after the break ...

The only solution is to close the open positions, close MC, wait until all tasks are completed (This can take a long time), may force shutdown and restart MC possibly expect a reloading data, then restart the N instances of MC, M portfolios, P accounts, Q automated strategies and wait for the next dysfunction in 24 hours ...

This is just information for those who have not understood the seriousness of this problem .. ;-)

Of course, this problem prohibits the use of MC on real account, unless you use a strategy that does not generate positions likely to be open during the break! :-D
Last edited by StratMan on 12 Jun 2014, edited 1 time in total.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 12 Jun 2014

The fact is that the latest version of MC (MultiCharts64 Version 9.0 Beta 1 (Build 9345)) absolutely not solve the problem LMAX. The last occurrence of this failure just occurred on my server, and for information, here is a video that shows what happens after the break ...

The only solution is to close the open positions, close MC, wait until all tasks are completed (This can take a long time), may force shutdown and restart MC possibly expect a reloading data, then restart the N instances of MC, M portfolios, P accounts, Q automated strategies and wait for the next dysfunction in 24 hours ...

This is just information for those who have not understood the seriousness of this problem .. ;-)

Of course, this problem prohibits the use of MC on real account, unless you use a strategy that does not generate positions likely to be open during the break! :-D
Thank you for this video upload!

It is clear that to be aware of such problems, one should have skills of automatic trader and the will to trade professionally some of the supported Forex Brokers in MultiCharts.

Why in this topic so few traders understood the deep problem I started to discuss?!

I am forced to consider only one answer:

Only a very small minority of those who posted here are experienced and serious automatic traders in Spot Forex, via MultiCharts.

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Re: Best Forex Broker for MultiCharts... ?

Postby Andrew MultiCharts » 13 Jun 2014

Thank you for your suggestions and feedback. All of them will be addressed as soon as we focus on improvements in MC for forex trading. At the moment there is no estimation.

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 13 Jun 2014

Only a very small minority of those who posted here are experienced and serious automatic traders in Spot Forex, via MultiCharts.
Close... but not quite. There's a very very small percentage of experienced and and serious systematic traders in Spot FX. This has nothing to do with the available platforms. It has to do with the experienced, systematic, and serious part of things.

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Re: Best Forex Broker for MultiCharts... ?

Postby Smoky » 13 Jun 2014

LMAX api doesn't allow to identify a connection loss, so we developed a workaround using their "heartbeat"
Please Andrew don't take yours customers for idiots !

No need LMAX API to find internet connection loss, my third party software use simple ping to Lmax server ! 2 codes lines ! if you lose your internet connection you have a lot of chance chance to lose Lmax link No ?

I give my software to Stratman to find broken connection but i can't make backfill and speedy reconnection for your team ... it's MC team job, No ?

I can also help your engineer to optimize multi cores/thread coding ...

Note with my new 4K monitors MC graphics slow down, with seven i can move all windows very rapidly, not MC windows ! (without AERO !) in fast market candles are drawing 2 by 2 or 3 !
please optimize your code ! you made, with this release, great job but why not use more cpu usage ? I never exceed 15% of cpu usage ! and your program seems to have problems with big graphics ....

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 13 Jun 2014

LMAX api doesn't allow to identify a connection loss, so we developed a workaround using their "heartbeat"
Please Andrew don't take yours customers for idiots !

No need LMAX API to find internet connection loss, my third party software use simple ping to Lmax server ! 2 codes lines ! if you lose your internet connection you have a lot of chance chance to lose Lmax link No ?

I give my software to Stratman to find broken connection but i can't make backfill and speedy reconnection for your team ... it's MC team job, No ?

I can also help your engineer to optimize multi cores/thread coding ...

Note with my new 4K monitors MC graphics slow down, with seven i can move all windows very rapidly, not MC windows ! (without AERO !) in fast market candles are drawing 2 by 2 or 3 !
please optimize your code ! you made, with this release, great job but why not use more cpu usage ? I never exceed 15% of cpu usage ! and your program seems to have problems with big graphics ....
Thank you for the USEFULL post!!!

Dear MultiChart Support, we would require major transparency and better solutions for the LMAX and the whole Spot Forex MultiCharts Environment!

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Re: Best Forex Broker for MultiCharts... ?

Postby t-rader » 14 Jun 2014

Facts are:

- Big part of traders here do not see a significant obstacle with those recovery problems and manual restarting needs. No doubt they do not need to trade 200 pairs on 15-20 accounts at ticks based indicators, 24/7.

- Actually there is not even one Forex Broker in Multicharts who permits, in relation with Multicharts, to trade as I said above.

- Quite no traders shared actual automatic trading activity in MultiCharts, of the Forex Spot Market, an other issue of the first post.

- Lack of posts of highly envolved traders in automatic spot forex trading in MultiCharts is very evident in this topic.

- So 6-7 Forex Brokers are displayed in MultiCharts site, but no one gives real safe conditions for intense portfolio automatic trading.

- In different multibroker platforms, Forex spot conditions from this point of view are much better.

- We want to run highly intense automatic trading in Forex with MultiCharts' tools.

Hi Gargoyle,

In my post #24 I stated I've been trading with Lmax with good results. I must clarify I'm only a 'light' user of MC in regards to I only use MC to auto trade one currency pair at present, although I do put through some decent volume.

As you stated above you trade 200 pairs on 15-20 accounts I would be really interested to know:

- which broker you currently use?
- which platform you currently use?
- do you currently autotrade or just manually trade 200 pairs?
- which data you back tested your strategies on?
- how many years of tick data did you back test on?

Others here have shared their knowledge an experience and you definitely sound like a big trader so I'm sure others (as well as myself) would be appreciative of you sharing the above. I'm always happy to learn from experienced traders :)

PS: I'm all for MC making improvements to their current selection of Forex brokers.

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Re: Best Forex Broker for MultiCharts... ?

Postby shanemcdonald » 15 Jun 2014

Forget forex and trade currency futures through a futures brokerage account.
Regulated brokers and other benefits

6A, 6B, 6C, 6N,6E, etc......

They also have the M series which are like mini lots with very low margins

margins will be around the same but intraday margins are much better. And you have the added bonus of futures having the tax advantage. Long term capital gain rate of 15 % applied to a large percentage of profits.

just a consideration

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 15 Jun 2014

There is so many hidden business behind the Spot Forex market brokers, that what Shanemcdonald is suggesting could be a good idea, and partial solution. But we would lose many cross pairs for trading too...

Probably best solution is to go for the biggest providers, like Integral, Currenex and HotSpotFx.

Howover MultiCharts TSS is not willing to provide an OFFICIAL solution for that... we are left to uncomplete, uncomfortable, bugged solutions with the available Forex Brokers for MultiCharts.

I am a Dukascopy user since many years, they are less bad than many others, having experienced them both manually than in automatic trading... But please, lets make an effort to be coherent in this topic, the bad Forex Spot trading environment in MultiCharts is the main subject here!!!

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 15 Jun 2014

Forget forex and trade currency futures through a futures brokerage account.
Everyone does... Just a matter of time and a few of the common experiences.

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Re: Best Forex Broker for MultiCharts... ?

Postby andywill » 15 Jun 2014

It is possible to trade FXALL, Integral, Currenex or Hotspot FX with Multicharts.
Therefore you have to use a bridge called Auto4X. I know it is not the best solution because it is not fully integrated within Multicharts, but it is possible to use it for trading. With the mentioned brokers you can have a direct access to most liquid ECNs.

http://www.advanzteam.com/analytics/adv ... rID=advanz

Of course Multicharts should look how they can build an own bridge or integrate this piece of software in theirs. At the moment this is one of the best solution I am aware of.

You are welcome.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 15 Jun 2014

It is possible to trade FXALL, Integral, Currenex or Hotspot FX with Multicharts.
Therefore you have to use a bridge called Auto4X. I know it is not the best solution because it is not fully integrated within Multicharts, but it is possible to use it for trading. With the mentioned brokers you can have a direct access to most liquid ECNs.

http://www.advanzteam.com/analytics/adv ... rID=advanz

Of course Multicharts should look how they can build an own bridge or integrate this piece of software in theirs. At the moment this is one of the best solution I am aware of.

You are welcome.
Thank you very much for your contribution!

Can you share your personal experience with such a bridge? Or the experience of somebody you know?

Do you know any different "bridge" solutions for Forex Spot big providers?

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 16 Jun 2014

Dear Traders,

does anyone of you know any 3rd part bridge solution for connecting MultiCharts to any of those providers:

- Currenex
- LavaFx
- Integral
- HotSpotFx
- FxAll
- EBS
- ReuteursFX
- Oanda


A similar approach may be an interesting attempt to solve the actual poor FX Spot MC Environment!

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 18 Jun 2014

It is possible to trade FXALL, Integral, Currenex or Hotspot FX with Multicharts.
Therefore you have to use a bridge called Auto4X. I know it is not the best solution because it is not fully integrated within Multicharts, but it is possible to use it for trading. With the mentioned brokers you can have a direct access to most liquid ECNs.

http://www.advanzteam.com/analytics/adv ... rID=advanz

Of course Multicharts should look how they can build an own bridge or integrate this piece of software in theirs. At the moment this is one of the best solution I am aware of.

You are welcome.
http://www.advanzteam.com/analytics/adv ... rID=advanz
© Copyright 2003-2014 Advanz Analytics, Inc. All rights reserved.

says:
Connectivity is available to: Currenex (CMS, PFG, Marex, London Capital, GFT, FCStone, ADM, Baxter FX, FXDD, Man Financial, ODL, NewEdge, BGC/Cantor, etc.) Oanda, Lava, Hotspot, FXAll, CAX, FIXI, DBFX, FXInside (Integral), MB Trading, Interactive Brokers, GAIN, Forex.com and FXCM.
The Advanz Analytics, Inc. quote raises quite a few questions; but two need special mention. My very personal opinion.

1. Man Financial???? The one which later became MF Global of missing customer funds, and is defunct since 2011???

2. PFG?? I hope not the fraudulent and defunct Peregrine Financial Group Inc., commonly known as PFGBest?

In think the mention of these two not only displays ignorance / carelessness which does not speak well of Advanz, but is also in rather bad taste.

Khalid

PFG is the NYSE symbol of Principal Financial Group, Inc. But I very much doubt Advanz actually means the Principal Financial Group, Inc.

And I did not lose money with either PFGBest, or MF Global.

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 18 Jun 2014

It is possible to trade FXALL, Integral, Currenex or Hotspot FX with Multicharts.
Therefore you have to use a bridge called Auto4X. I know it is not the best solution because it is not fully integrated within Multicharts, but it is possible to use it for trading. With the mentioned brokers you can have a direct access to most liquid ECNs.

http://www.advanzteam.com/analytics/adv ... rID=advanz

Of course Multicharts should look how they can build an own bridge or integrate this piece of software in theirs. At the moment this is one of the best solution I am aware of.

You are welcome.
Why is it so difficult to accept MultiCharts as it is?

Why does one need to link a first-rate thing with things of decidedly lesser quality??

Khalid

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 18 Jun 2014

It is possible to trade FXALL, Integral, Currenex or Hotspot FX with Multicharts.
Therefore you have to use a bridge called Auto4X. I know it is not the best solution because it is not fully integrated within Multicharts, but it is possible to use it for trading. With the mentioned brokers you can have a direct access to most liquid ECNs.

http://www.advanzteam.com/analytics/adv ... rID=advanz

Of course Multicharts should look how they can build an own bridge or integrate this piece of software in theirs. At the moment this is one of the best solution I am aware of.

You are welcome.
Why is it so difficult to accept MultiCharts as it is?

Why does one need to link a first-rate thing with things of decidedly lesser quality??

Khalid

I think we have explained that in many posts... and therefore, you should be an automatic trader first, in order to understand the environment we need to trade with a minimal acceptable conditions....................

As well, many traderes, included me, have made attempts to explain way those conditions are not met here....

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 18 Jun 2014

It is possible to trade FXALL, Integral, Currenex or Hotspot FX with Multicharts.
Therefore you have to use a bridge called Auto4X. I know it is not the best solution because it is not fully integrated within Multicharts, but it is possible to use it for trading. With the mentioned brokers you can have a direct access to most liquid ECNs.

http://www.advanzteam.com/analytics/adv ... rID=advanz

Of course Multicharts should look how they can build an own bridge or integrate this piece of software in theirs. At the moment this is one of the best solution I am aware of.

You are welcome.
http://www.advanzteam.com/analytics/adv ... rID=advanz
© Copyright 2003-2014 Advanz Analytics, Inc. All rights reserved.

says:
Connectivity is available to: Currenex (CMS, PFG, Marex, London Capital, GFT, FCStone, ADM, Baxter FX, FXDD, Man Financial, ODL, NewEdge, BGC/Cantor, etc.) Oanda, Lava, Hotspot, FXAll, CAX, FIXI, DBFX, FXInside (Integral), MB Trading, Interactive Brokers, GAIN, Forex.com and FXCM.
The Advanz Analytics, Inc. quote raises quite a few questions; but two need special mention. My very personal opinion.

1. Man Financial???? The one which later became MF Global of missing customer funds, and is defunct since 2011???

2. PFG?? I hope not the fraudulent and defunct Peregrine Financial Group Inc., commonly known as PFGBest?

In think the mention of these two not only displays ignorance / carelessness which does not speak well of Advanz, but is also in rather bad taste.

Khalid

PFG is the NYSE symbol of Principal Financial Group, Inc. But I very much doubt Advanz actually means the Principal Financial Group, Inc.

And I did not lose money with either PFGBest, or MF Global.

Oanda, LavaFX, HotSpotFX, FxAll, Integral, Fixi (allowing Currenex), are far better and bigger forex brokers and forex venues rather than the supported actually in MultiCharts!

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 18 Jun 2014

It is possible to trade FXALL, Integral, Currenex or Hotspot FX with Multicharts.
Therefore you have to use a bridge called Auto4X. I know it is not the best solution because it is not fully integrated within Multicharts, but it is possible to use it for trading. With the mentioned brokers you can have a direct access to most liquid ECNs.

http://www.advanzteam.com/analytics/adv ... rID=advanz

Of course Multicharts should look how they can build an own bridge or integrate this piece of software in theirs. At the moment this is one of the best solution I am aware of.

You are welcome.
http://www.advanzteam.com/analytics/adv ... rID=advanz
© Copyright 2003-2014 Advanz Analytics, Inc. All rights reserved.

says:
Connectivity is available to: Currenex (CMS, PFG, Marex, London Capital, GFT, FCStone, ADM, Baxter FX, FXDD, Man Financial, ODL, NewEdge, BGC/Cantor, etc.) Oanda, Lava, Hotspot, FXAll, CAX, FIXI, DBFX, FXInside (Integral), MB Trading, Interactive Brokers, GAIN, Forex.com and FXCM.
The Advanz Analytics, Inc. quote raises quite a few questions; but two need special mention. My very personal opinion.

1. Man Financial???? The one which later became MF Global of missing customer funds, and is defunct since 2011???

2. PFG?? I hope not the fraudulent and defunct Peregrine Financial Group Inc., commonly known as PFGBest?

In think the mention of these two not only displays ignorance / carelessness which does not speak well of Advanz, but is also in rather bad taste.

Khalid

PFG is the NYSE symbol of Principal Financial Group, Inc. But I very much doubt Advanz actually means the Principal Financial Group, Inc.

And I did not lose money with either PFGBest, or MF Global.

Oanda, LavaFX, HotSpotFX, FxAll, Integral, Fixi (allowing Currenex), are far better and bigger forex brokers and forex venues rather than the supported actually in MultiCharts!
Please go ahead with whatever you fancy, and learn at your cost what other are trying to tell you for free.

Wishful thinking and trading do not mix well; indeed, they do not mix at all.

Khalid

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 18 Jun 2014

Hey Andrew MultiCharts,

do you know, I am not even minimally surprised you liked the last Khalaad post... (#146)

Of course, Matricks is supporting it too, and I am waiting for TJ to come to the party as well...

Are low exigent and conformist customers the best, aren't they?

But what happens with the claimed unsolved issues since months from various traders?!

What happens with the unanswered questions in this forum?

So what is the point of this forums?

Do you like only those customers who are not asking for corrections the anomalities in your platform and service?!

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 18 Jun 2014

It is possible to trade FXALL, Integral, Currenex or Hotspot FX with Multicharts.
Therefore you have to use a bridge called Auto4X. I know it is not the best solution because it is not fully integrated within Multicharts, but it is possible to use it for trading. With the mentioned brokers you can have a direct access to most liquid ECNs.

http://www.advanzteam.com/analytics/adv ... rID=advanz

Of course Multicharts should look how they can build an own bridge or integrate this piece of software in theirs. At the moment this is one of the best solution I am aware of.

You are welcome.
Why is it so difficult to accept MultiCharts as it is?

Why does one need to link a first-rate thing with things of decidedly lesser quality??

Khalid

I think we have explained that in many posts... and therefore, you should be an automatic trader first, in order to understand the environment we need to trade with a minimal acceptable conditions....................

As well, many traderes, included me, have made attempts to explain way those conditions are not met here....
Gargoyle,

Accepting something as it is and asking for improvements are not mutually exclusive. I have been seeking greater MultiCharts Forex trading capabilities well before the ‘many’ of the people asking for changes became members of this forum. But I accept MultiCharts as it is, and use it to very good advantage without seeking to add fancy paraphernalia to it which, in my opinion, will diminish its capabilities.

Moreover, I think I understand why greater Forex trading compatibility does not appear to be a TS Support priority. I also respect the TS Support position. Please do a head count; the ‘many traders’ you write about will add to less than 10, and may not exceed 5!

By the way, member JoshM has very generously offered elsewhere on the forum to:

• lead a community effort to link MultiCharts and OANDA; and
• build a MultiCharts-CrapTrader4 (aka MT4) bridge;

but has failed to get much support.

Therefore, what is one to make of the great desire to ‘improve’ MultiCharts?????

Khalid
Last edited by khalaad on 18 Jun 2014, edited 1 time in total.

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 18 Jun 2014

Hey Andrew MultiCharts,

do you know, I am not even minimally surprised you liked the last Khalaad post... (#146)

Of course, Matricks is supporting it too, and I am waiting for TJ to come to the party as well...

Are low exigent and conformist customers the best, aren't they?

But what happens with the claimed unsolved issues since months from various traders?!

What happens with the unanswered questions in this forum?

So what is the point of this forums?

Do you like only those customers who are not asking for corrections the anomalities in your platform and service?!
Gargoyle,

I am not a 'conformist' customer; I have a long history of forcefully expressing myself. But I am also a realist.

By the way, if TS Support is being evasive, what about you? Why have you not yet responded to t-rader's (post # 138) questions, and enlightened us all??

Khalid

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 18 Jun 2014

Hey Andrew MultiCharts,

do you know, I am not even minimally surprised you liked the last Khalaad post... (#146)

Of course, Matricks is supporting it too, and I am waiting for TJ to come to the party as well...

Are low exigent and conformist customers the best, aren't they?

But what happens with the claimed unsolved issues since months from various traders?!

What happens with the unanswered questions in this forum?

So what is the point of this forums?

Do you like only those customers who are not asking for corrections the anomalities in your platform and service?!
Gargoyle,

I am not a 'conformist' customer; I have a long history of forcefully expressing myself. But I am a realist.

By the way, if TS Support is being evasive, what about. Why have you not yet responded to t-rader's (post # 138) questions?

Khalid

Khalid, you are a fantastic trader, but you are not a highly envolved automatic trader right?!

.....

T-rader had its response and specification. I will not DILUTE this topic with useless details of this or that.... I said it. I want this topic to be coherent, since it is so difficult to keep going here, can't you see it?!

T-rader or anybody can email me, pm me... for whatever, but in this topic, I discuss ONLY its UNSOLVED subjects!

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 18 Jun 2014

I do not know what is your definition of a
highly envolved automatic trader
but I had my first trading strategy code written in 1986-87 in Santa Cruz Operation (SCO) Xenix.

Khalid

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 18 Jun 2014

I do not know what is your definition of a
highly envolved automatic trader
but I had my first trading strategy code written in 1986-87 in Santa Cruz Operation (SCO) Xenix.

Khalid

I am talking about your MultiCharts Spot Forex automatical trading envolvement, on small ticks trading units, 24/7, with diversified portfolio between 20 pairs around, and with the need to run it on several accounts.

If yes, there is no way you could accept the actual MultiCharts Forex conditions... just cause of common sense, nothing more.

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 18 Jun 2014

I am talking about your MultiCharts Spot Forex automatical trading envolvement, on small ticks trading units, 24/7, with diversified portfolio between 20 pairs around, and with the need to run it on several accounts.
I have years of experience doing exactly that. Stop this nonsense and READ the replies which generously offer everything you need to know.

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 18 Jun 2014

As stated before, I'd suggest proceeding further with a trade or two for some automated experience. You've spent way more time here asking irrelevant questions than you ever would by installing a few of the API connections and placing a few demo trades to test out your theories.

Can we lock this thread? It hasn't been productive for some time...

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 18 Jun 2014

I do not know what is your definition of a
highly envolved automatic trader
but I had my first trading strategy code written in 1986-87 in Santa Cruz Operation (SCO) Xenix.

Khalid

I am talking about your MultiCharts Spot Forex automatical trading envolvement, on small ticks trading units, 24/7, with diversified portfolio between 20 pairs around, and with the need to run it on several accounts.

If yes, there is no way you could accept the actual MultiCharts Forex conditions... just cause of common sense, nothing more.
Gargoyle,

I am sorry; I am going to be nasty here. You increasingly come across as more a troll than a trader.

Khalid

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 18 Jun 2014

I am talking about your MultiCharts Spot Forex automatical trading envolvement, on small ticks trading units, 24/7, with diversified portfolio between 20 pairs around, and with the need to run it on several accounts.
I have years of experience doing exactly that. Stop this nonsense and READ the replies which generously offer everything you need to know.
Please, MAtricks, you have only talked about your past experience.... you neither known about many actual issues like FXCM actual MC situation etc.

We can't accept your daily MB Trading daily restart etc., as well as not even one of your suggestions....

Sure we are senseless etc., we already know that, don't worry for us.

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 18 Jun 2014

We can't accept your daily restart etc.
You will... Welcome to automation.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 18 Jun 2014

I am sorry; I am going to be nasty here. You increasingly come across as more a troll than a trader.

Khalid

Keep helping MultiCharts not solving trader's issues, claims and anomalities since months and months.

You are doing it well!
Last edited by Gargoyle on 18 Jun 2014, edited 1 time in total.

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Re: Best Forex Broker for MultiCharts... ?

Postby StratMan » 18 Jun 2014

I am talking about your MultiCharts Spot Forex automatical trading envolvement, on small ticks trading units, 24/7, with diversified portfolio between 20 pairs around, and with the need to run it on several accounts.

If yes, there is no way you could accept the actual MultiCharts Forex conditions... just cause of common sense, nothing more.
Gargoyle has described my dream!
Unfortunately, I still had my 22 hours gmt lmax disconnection which forced me to close all open positions in my portfolios ...
Then, it took me close MC, which takes a long time! Then restart MC, and reload the missing data, which still takes a long time ...
So personally, I understand the original question of Gargoyle, and am very eager to know the solution to trade automatically with MC ....

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 18 Jun 2014

You're right though. I dropped out of FX about 1 year ago because of several issues... and significant edges elsewhere. Automation is still my strong suit.

1. A restart reduces amount of events which will inevitably cause unforeseen losses.
2. In FX, anything can happen. Anything. Every fund manager I know has dropped FX for the same reasons. Somehow, we all learn them the hard way.
3. Ask your broker for a block/governing account. Stop trading separate accounts... Again, just one more step in the direction which will reduce the events which cause inevitable losses.
4. Start listening... whether you understand it or not, the old farts here know what we're doing. The problem isn't our answers, its your inability to comprehend why we answer your questions with these answers. I wouldn't have understood them several years ago either.. but I didn't argue.

Unforeseen losses come. We do everything we can to reduce the causes. That's 90% of automation.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 18 Jun 2014

It is possible to trade FXALL, Integral, Currenex or Hotspot FX with Multicharts.
Therefore you have to use a bridge called Auto4X. I know it is not the best solution because it is not fully integrated within Multicharts, but it is possible to use it for trading. With the mentioned brokers you can have a direct access to most liquid ECNs.

http://www.advanzteam.com/analytics/adv ... rID=advanz

Of course Multicharts should look how they can build an own bridge or integrate this piece of software in theirs. At the moment this is one of the best solution I am aware of.

You are welcome.
Why is it so difficult to accept MultiCharts as it is?

Why does one need to link a first-rate thing with things of decidedly lesser quality??

Khalid

What is really scandalous here is that a trader is saying indirectly, we should accept MultiCharts as it is, and the TSS is adding a "Thanks"!!!

Are you ALL weighing WHAT IS THAT MEANING?!?!?!?!?!??!!?

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Re: Best Forex Broker for MultiCharts... ?

Postby khalaad » 18 Jun 2014

Where ignorance is bliss, 'tis folly to be wise.
Khalid

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 18 Jun 2014

I am not the problem here.

The problem is MultiChart's manage of his customers claims, requests, reports.

Stop struggling with me!

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 18 Jun 2014

No one blames the inexperienced. Just the inexperience.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 18 Jun 2014

No one blames the inexperienced. Just the inexperience.
Hahaha, you always make me laugh a lot.

You are the most despot poster here, you always pretend your posts to be takken as a truth, and get irritated, if they are not! :D :D :D

Thank you for making this topic less bored!

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Re: Best Forex Broker for MultiCharts... ?

Postby Tresor » 18 Jun 2014

Gargoyle,

Clearly you like MC software and clearly you want this software to get connected to forex brokers of reasonable quality, and you want an MC-forex broker integration to work according to your basic needs, like backfill, restart after connection is lost, etc. (otherwise you wouldn't have been so active in this thread).

I wanted the same with regard to forex brokers a few years back. Hey, it's 21. century! It should be easily doable, right? Very wrong! You will lose your time trying to achieve your goal. And it may not be MC team that is at fault.

1. Stick to jForex. If bored:
2. Go for TS. If unsatisfied:
3. Reconsider MT. If very unhappy:
4. Wait for better times: (i) when MC-Lmax integration is improved, (ii) when MC team integrates with Oanda, jForex, Lava, HotSpot and others. If this does not happen:
5. Give up automated trading.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 18 Jun 2014

Gargoyle,

Clearly you like MC software and clearly you want this software to get connected to forex brokers of reasonable quality, and you want an MC-forex broker integration to work according to your basic needs, like backfill, restart after connection is lost, etc. (otherwise you wouldn't have been so active in this thread).

I wanted the same with regard to forex brokers a few years back. Hey, it's 21. century! It should be easily doable, right? Very wrong! You will lose your time trying to achieve your goal. And it may not be MC team that is at fault.

1. Stick to jForex. If bored:
2. Go for TS. If unsatisfied:
3. Reconsider MT. If very unhappy:
4. Wait for better times: (i) when MC-Lmax integration is improved, (ii) when MC team integrates with Oanda, jForex, Lava, HotSpot and others. If this does not happen:
5. Give up automated trading.
I totally agree with you!

The fact that I insist here, does not mean I am not looking for alternative solutions.

The last 50 MC' topics, have an average of 5,7 posts (today). We are at #170 here.

New MC customers would have a great window to MC's reality via this topic, I am sure!

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Re: Best Forex Broker for MultiCharts... ?

Postby StratMan » 18 Jun 2014

You're right though. I dropped out of FX about 1 year ago because of several issues... and significant edges elsewhere. Automation is still my strong suit.

1. A restart reduces amount of events which will inevitably cause unforeseen losses.
2. In FX, anything can happen. Anything. Every fund manager I know has dropped FX for the same reasons. Somehow, we all learn them the hard way.
3. Ask your broker for a block/governing account. Stop trading separate accounts... Again, just one more step in the direction which will reduce the events which cause inevitable losses.
4. Start listening... whether you understand it or not, the old farts here know what we're doing. The problem isn't our answers, its your inability to comprehend why we answer your questions with these answers. I wouldn't have understood them several years ago either.. but I didn't argue.

Unforeseen losses come. We do everything we can to reduce the causes. That's 90% of automation.
For your information, I have placed my first trade in 1978, of course without any computer ;-)
Then I choose MC for automated trading in 2009.
And sometimes it was possible for me to use MC (with fxcm) without too much trouble ....
Here are some old videos corresponding to very small details of what I was doing at that time. MC#1 MC#2 MC#3

Today, MC became impossible to use with forex strategies based on tick 1 minute or range bars.
It is a fact that I check every day .... :-(

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 18 Jun 2014

You're right though. I dropped out of FX about 1 year ago because of several issues... and significant edges elsewhere. Automation is still my strong suit.

1. A restart reduces amount of events which will inevitably cause unforeseen losses.
2. In FX, anything can happen. Anything. Every fund manager I know has dropped FX for the same reasons. Somehow, we all learn them the hard way.
3. Ask your broker for a block/governing account. Stop trading separate accounts... Again, just one more step in the direction which will reduce the events which cause inevitable losses.
4. Start listening... whether you understand it or not, the old farts here know what we're doing. The problem isn't our answers, its your inability to comprehend why we answer your questions with these answers. I wouldn't have understood them several years ago either.. but I didn't argue.

Unforeseen losses come. We do everything we can to reduce the causes. That's 90% of automation.
For your information, I have placed my first trade in 1978, of course without any computer ;-)
Then I choose MC for automated trading in 2009.
And sometimes it was possible for me to use MC (with fxcm) without too much trouble ....
Here are some old videos corresponding to very small details of what I was doing at that time. MC#1 MC#2 MC#3

Today, MC became impossible to use with forex strategies based on tick 1 minute or range bars.
It is a fact that I check every day .... :-(

To MAtricks:

hey dude, we are not going to consider solved this topic, just because you make us a favor to post your imperative advises and conclusions...

Be sure! ;) :D

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 18 Jun 2014

Hey "dude", look back on this in a few months when you've placed a trade or two.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 18 Jun 2014

Hey "dude", look back on this in a few months when you've placed a trade or two.
Hey mate, I am placing trades every day and night, and in the Forex Market!

If you are off since an year from this market, go make gift of your wisdom in a futures, equities or some commodities forum.

Your expired experience is not helping here.

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 18 Jun 2014

It's too bad, but go ahead.. learn the hard way. :)

Remember, you're the one begging for help...

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 18 Jun 2014

It's too bad, but go ahead.. learn the hard way. :)

Remember, you're the one begging for help...

Sure I need help for an improved MultiCharts platform. Also at least 3 more traders in this topic said to need it. You too would like to have what we are asking for.

You missed to join in our approach, you started giving lessons here...

Instead helping being a whole united and mighty group, you and some others contibuted to fragmentate this topic, made me lost a lot of time in useless struggles, and indirectly support MC TSS in the thread.

But you need to be more awake than you are, to get it.

You was really usefull, for nothing, in this topic! I am sure you are a nice person, but this is the actual case. Nothing personal neither to you, or any other or the TSS.

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 19 Jun 2014

I'm unsure as to what you're saying. None of these posts make much sense. Please proof-read them before posting.

edit: While trying to put together what you're attempting to articulate, I think you're saying that I'm not in favor of the suggestions here. I AM. And have stated that many times. However, I was also suggesting to you to rethink your approach because many of the questions here indicate that you are at the very beginning in your path to automation. Just trying to help out... but you do it your way :) I promise, you'll end up doing it differently after learning it the hard way.

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Re: Best Forex Broker for MultiCharts... ?

Postby StratMan » 19 Jun 2014

If I had to summarize all the answers:

- Never trade forex and in this case, MC is the best automated trading platform.

Did I understand well the lesson? 8-)

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 19 Jun 2014

  • -Trade FX. There's lots of profit to be made there.
    -Automation on FX is tough.. so be ready for your data to be fairly misleading.
    -FX brokers WILL screw you. Be ready for this
    -Automation comes with hundreds of unforeseen annual losses. Reduce these as much as possible.
    -Use a block account.. Don't trade the same performance in several accounts.
    -MC isn't perfect, but its the best option you have on the retail end
    -Suggest, wait, and hope that MC connects with instituational FX brokers
    -While surrounded by more experienced individuals, Listen more, talk less. There are so many options/fixes/tricks to this industry.
Last edited by MAtricks on 19 Jun 2014, edited 1 time in total.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 19 Jun 2014

Today, trading on small ticks the Spot Forex is still impossible in MultiCharts. I confirm Stratman's quote.

LMAX service anomalities in MultiCharts are not solved, neither in 9.0. This issue is several months old. MC TSS are cleary showing lack of motivation to solve that. LMAX service limitation and TSS lack of reaction are irritating several traders and MC customers, like Smoky, who has posted in this forum.

MC TSS is adding "Thanks" to Khalaad suggestion to accept the MC platform as it is. He also specified my intents to keep asking for solutions something as a "troll behaviour". :D

By using 3rd part solutions, you can connect quite whatever broker/provider you want, but it would cost you around 30xMC licenses for a completely new solution, or you need to look for an already done solution. Usually those already made bridge solutions ask for additional commisions for every single of your trades.

MC spot forex environment is actually very poor. MC TSS seems not motivated for the moment to apply any major upgrades.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 19 Jun 2014

  • -Trade FX. There's lots of profit to be made there.
    -Automation on FX is tough.. so be ready for your data to be fairly misleading.
    -FX brokers WILL screw you. Be ready for this
    -Automation comes with hundreds of unforeseen annual losses. Reduce these as much as possible.
    -Use a block account.. Don't trade the same performance in several accounts.
    -MC isn't perfect, but its the best option you have on the retail end
    -Suggest, wait, and hope that MC connects with instituational FX brokers
    -While surrounded by more experienced individuals, Listen more, talk less. There are so many options/fixes/tricks to this industry.
MAtricks is a trader who was not able to survive in the Spot Forex. He alone said, he is not trading it since +1 year. But he insists giving us advises while rationalizing and justifing his failure.

He usually is very despot too. As well, his only effort is to trying to impose his opinions, he is not taking in consideration trader's claims here, as well their needs.

He fights only to be recognized as a wise, experienced trader; be sure he is not really desiring to help anybody of you.

Please, apologize and comprehend him, and not take him seriously.

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 19 Jun 2014

  • -Trade FX. There's lots of profit to be made there.
    -Automation on FX is tough.. so be ready for your data to be fairly misleading.
    -FX brokers WILL screw you. Be ready for this
    -Automation comes with hundreds of unforeseen annual losses. Reduce these as much as possible.
    -Use a block account.. Don't trade the same performance in several accounts.
    -MC isn't perfect, but its the best option you have on the retail end
    -Suggest, wait, and hope that MC connects with instituational FX brokers
    -While surrounded by more experienced individuals, Listen more, talk less. There are so many options/fixes/tricks to this industry.
MAtricks is a trader who was not able to survive in the Spot Forex. He alone said, he is not trading it since +1 year. But he insists giving us advises while rationalizing and justifing his failure.

He usually is very despot too. As well, his only effort is to trying to impose his opinions, he is not taking in consideration trader's claims here, as well their needs.

He fights only to be recognized as a wise, experienced trader; be sure he is not really desiring to help anybody of you.

Please, apologize and comprehend him, and not take him seriously.
Completely untrue.

Admins, I do not appreciate these posts.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 19 Jun 2014

  • -Trade FX. There's lots of profit to be made there.
    -Automation on FX is tough.. so be ready for your data to be fairly misleading.
    -FX brokers WILL screw you. Be ready for this
    -Automation comes with hundreds of unforeseen annual losses. Reduce these as much as possible.
    -Use a block account.. Don't trade the same performance in several accounts.
    -MC isn't perfect, but its the best option you have on the retail end
    -Suggest, wait, and hope that MC connects with instituational FX brokers
    -While surrounded by more experienced individuals, Listen more, talk less. There are so many options/fixes/tricks to this industry.
MAtricks is a trader who was not able to survive in the Spot Forex. He alone said, he is not trading it since +1 year. But he insists giving us advises while rationalizing and justifing his failure.

He usually is very despot too. As well, his only effort is to trying to impose his opinions, he is not taking in consideration trader's claims here, as well their needs.

He fights only to be recognized as a wise, experienced trader; be sure he is not really desiring to help anybody of you.

Please, apologize and comprehend him, and not take him seriously.
Completely untrue.

Admins, I do not appreciate these posts.

Admins, I do not appreciate:

- being called a troll (Khalaad)

- the lack of MC TSS answers

- MATricks despot efforts trying saying I has to stop asking for what MC TSS is missing to do, while himself is not trading since + 1 year, the market we are talking about. He has nothing to contribute here.

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 19 Jun 2014

MAtricks, cleary you finished your arguments, you have nothing to say except asking Admins to help you.

You are right, we are very unexperienced here. So be a gentilman and left us in our issues. We can't understand your level of experience, so it is not worth losing anymore your time with us.

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Re: Best Forex Broker for MultiCharts... ?

Postby StratMan » 19 Jun 2014

As English is not a language I master perfectly, I'm afraid I do not understand the advice on this message ...
-Trade FX. There's lots of profit to be made there.
I trade forex intensively since 2007 and in all modesty, I think I have some knowledge about this market ;-)
But in this topic, we are talking about MultiCharts & Forex & Automated trading...
-Automation on FX is tough.. so be ready for your data to be fairly misleading.
I do not understand what you mean ...? .. Automation FX is different from other automation markets?? I am computer training, and if / then / else does not know the market in which it is applied ... What is the message?
-FX brokers WILL screw you. Be ready for this
This is OBVIOUS to any forex trader who took the trouble to read forexpeacearmy ...
-Automation comes with hundreds of unforeseen annual losses. Reduce these as much as possible.
I do not understand what you advise ... If this is unforeseen then how to reduce the unexpected? Could you illustrate with a specific example so I can see if I do my job programming MC.
-Use a block account.. Don't trade the same performance in several accounts.
Sorry, I do not understand the full meaning of this sentence ...
Why do not trade the same strategy on two different accounts? Instead, it is a great way to check the stability of a system?
If you run 2 servers, in 2 different datacenters, using 2 different live lmax accounts and both trade the exact same strategy in auto trade mode then because they are trading the exact same strategy when a trade is executed you can check the exact similarity of the two systems ... Use a block account is doable only when doubt broker got up ...
-MC isn't perfect, but its the best option you have on the retail end
Any opinion is valid only if it is correctly supported.... ;-)
-Suggest, wait, and hope that MC connects with instituational FX brokers
A trader does not live of waiting and hope :!:
-While surrounded by more experienced individuals, Listen more, talk less. There are so many options/fixes/tricks to this industry.
I would like to receive advice from experienced people ... I'm listening to: What are the options/fixes/tricks to this industry :?:

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Re: Best Forex Broker for MultiCharts... ?

Postby MAtricks » 19 Jun 2014

Statman, I was summing up my points in these posts as you were doing. The details would be in the posts.

Regardless, I'm finished with this thread. I believe that it was created to troll Multicharts users. I'd be up for exchanging experiences and tips of the trade in a new topic as long as its not trolled as this one was.

I've now used the Add Foe for the first time. Great feature! It blocks all content by the individual that you do not want to interact with.

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Re: Best Forex Broker for MultiCharts... ?

Postby StratMan » 19 Jun 2014

MAtricks, just for your information, and in a perfectly friendly way, know that even by carefully and conscientiously rereading this discussion, I do not find your answers to my questions ... :-(

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 19 Jun 2014

This is the LONGEST thread ever started in MultiCharts' forum!

We have been trending topic for more than 2 weeks!

It has been a fighting arena for many posters. Majority of traders were unable to share what was asked in the beginning. Many don't even understood the subject of the topic.

Some prefered the path of disqualification...

MultiChart TSS has chosed the path of the non-doing and the silence.

Even if many partecipats want a better platform, only few really supported and comprehended the reasons to be of this discussion... My kind thanks go for them!

All subjects of this topic are still UNSOLVED.

It is a great experience for me, holding up and defending this frontline made of our claims, reports and requests!

I am very conscious, I am exposing greatly my person by keeping writing here. Even this way, I have no fear, laziness or tiredness to go straight on for asking and insisting for what we are considering correct and needed.

We really LOVE MultiCharts, this is the very main reason we are here!

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Re: Best Forex Broker for MultiCharts... ?

Postby Smoky » 20 Jun 2014


All subjects of this topic are still UNSOLVED.


We really LOVE MultiCharts, this is the very main reason we are here!
You are right ! but all companies that do not listen to their unhappy customer lose their market.

In the past look at TS ! they thought to be stronger and do not listen to their customers who wanted other brokers, Multicharts is born !

A lot of Startups works hard in Algo-trading, if Multicharts team don't want us we will find another company with great tools in algo trading platform !


It is the law of the market !

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 20 Jun 2014


All subjects of this topic are still UNSOLVED.


We really LOVE MultiCharts, this is the very main reason we are here!
You are right ! but all companies that do not listen to their unhappy customer lose their market.

In the past look at TS ! they thought to be stronger and do not listen to their customers who wanted other brokers, Multicharts is born !

A lot of Startups works hard in Algo-trading, if Multicharts team don't want us we will find another company with great tools in algo trading platform !


It is the law of the market !

Hey Smoky, I am very happy you came back posting here!

Of course you are right. It would be very fair if MultiCharts loses some of its clients, and some portion of the retail trading platform market!

Thanks to this and some last threads, we know exactly what is their attitude toward customers' claims and requests like ours!

An important part of the real problem, is that great majority of traders has really low exigences. In fact, I am sure you was perfectly able to recognize how difficulty was for quite all posters here, to understand the subject of the thread.

No surprise, the most used and reccomended trading platform in the world is MT!

Probably for MultiCharts, we are still considered as an insignificant minority of customers........

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Re: Best Forex Broker for MultiCharts... ?

Postby Smoky » 20 Jun 2014

All subjects of this topic are still UNSOLVED.



Probably for MultiCharts, we are still considered as an insignificant minority of customers........
May be .... but I already have three lifetimes licenses, manual trader only use one license at a time !
In fews months when I would sell my studies for each of My customer, there will be a VPS and license for trading platform !

I can't wait forever and I began to translate my studies on another platform ! always with LMAX who is my broker partner ;)

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 20 Jun 2014

All subjects of this topic are still UNSOLVED.



Probably for MultiCharts, we are still considered as an insignificant minority of customers........
May be .... but I already have three lifetimes licenses, manual trader only use one license at a time !
In fews months when I would sell my studies for each of My customer, there will be a VPS and license for trading platform !

I can't wait forever and I began to translate my studies on another platform ! always with LMAX who is my broker partner ;)

Good move! I am also studing different solutions since +1 month!

MultiCharts' lack of reaction to their actually poor Automatic Spot Forex environment , will make them lose soon a big part of the cake!!!

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Re: Best Forex Broker for MultiCharts... ?

Postby Smoky » 21 Jun 2014

always no team reply ...

for auto-trader you have Alphatrader it's free if you open a LMAX's account with us :)

http://www.automatedtrading.eu/

you can make a test with lmax demo account, young startup and very impressive speed execution !

5 ms max to send order and receive lmax server reply !!!

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 21 Jun 2014

always no team reply ...

for auto-trader you have Alphatrader it's free if you open a LMAX's account with us :)

http://www.automatedtrading.eu/

you can make a test with lmax demo account, young startup and very impressive speed execution !

5 ms max to send order and receive lmax server reply !!!
Thank you!

Is it easy language compatible?

How do you manage the MC impossibility to recover LMAX datas after a disconnection? Do you restart manually it or do you use some 3rd parties software?

Do you know any MC bridge that solves some of its limitation for LMAX or other FX brokers?

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 26 Jun 2014

The bridge solution to trade big forex venues via MC/TS, suggested by AndyWill, Advanz Auto4x, is out of business. It seems they are off since 1 year around....

In this forum, there were no more suggestions for bridge connections. Of course zero suggestions come from Multicharts Support too.

But some private bridge solutions exists. Some are offered by big promoters of MultiCharts itself.

What is certain, is that there is very low demand. And no coder I envolved is willing to buy the HIGH EXPENSIVE COSTS of MultiCharts APIs, because they see no market for such a solution...

Why MultiCharts API costs are high? Because it is evident, they are not willing the mass to trade with foreign solutions, only with the default, limited, partial and bearing anomalities connections for forex brokers.

Why they are mantaining this situation and are not solving the different claims for forex brokers in this forum, while evading answers?

We are very facilitate to believe it is because of their firm politics and material interests they may have with the actual providers... It is a situation that different coders understood easily.

It is not my intention to criticize MC's team.. They can do whatever they want with their firm..

My critics go for the traders, who, with their low exigences for quality service and their unability ever to understand the problem, are allowing such a politics here in MultiCharts...

This thread is a great proof for this fact.

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Re: Best Forex Broker for MultiCharts... ?

Postby moses » 28 Jun 2014

wow, took me ages to go through this thread..
I can understand the frustration, it took me a while also to understand things, accept that compromises must be made, and pick a solution and move on.

I have been a professional purely mechanical FX trader since last year, so maybe this feedback could be useful:
- each of my my strategies uses one of: 15 minute charts, going up to 1, 2, 4, and 6 hour charts.
- the strategies run around the clock from sunday evening to friday night
- I am using Multicharts to run the strategies - everything is done automatically, no human involvement
- Interactive Brokers for execution
- TS for data

Some notes:

A - I believe that most brokers are completely inappropriate for historical data collection. That's not their job. In my case, I use TS (which is also a broker, I know, but with great data feeds) to load and run my Multicharts strategies.
That's the great thing about Multicharts - you can use a different data feed and another broker.

B - Interactive Brokers is not perfect, but it has not given me any serious problems so far. A few queries to their help desk were answered correctly, politely and quickly.
More importantly for Gargoyle, the Interactive Brokers Gateway (make sure you connect using the Interactive Brokers Gateway, and not the Interactive Brokers main application) that connects to Multicharts does NOT require any daily restart, as incorrectly noted on this thread. I personally run my programs on Sunday, and they run uninterrupted until Friday night when I switch them off.
Other traders have been doing this for a long time also - see for example Big Mike at Big Mike's Trading Forum - he was mentioning that he keeps his systems (including IB Gateway) running for months.

An issue you will encounter with Interactive Brokers is that they (not you) restart their servers once a day - so during that time, you will lose connection for a few seconds or minutes. You don't need to do anything, the API reconnects automatically.

In my case, I find this an acceptable compromise, because:

1 - any open trades do not lose control during this time, because my stop loss orders or profit exits, are already sent to Interactive Brokers WHEN THE TRADE IS ENTERED. This means that even in a scenario where my PC has crashed and I am lying in the hospital, the stop loss will be in place already, there is no connection need with Multicharts once the trade is entered.

2 - you may choose the IB server you connect to, based on the times they restart, so you can keep an eye out. See 'System Availability' at the bottom of this page:
https://www.interactivebrokers.com/en/? ... tity%3Dllc

3 - A quick glance on your mobile phone Interactive Brokers app, will always confirm that your orders etc are in order, so wherever you are, you know things are ok.

4 - data completeness (for the proper running of your strategies) is not affected at all, since real-time data (for charting and strategy calcs) is received by TS, and not Interactive Brokers.

5 - when a trade is triggered by a Multicharts strategy, my easylanguage strategies send me emails that 'Strategy x has been triggered', so I expect another email from IB that the trade has been entered (simple email alerts, in both cases). If I don't see the IB email, I check to see if the trade has really not been entered. This may have happened during that minute that the server is restarting. In this case, I can intervene manually and make sure the trade is entered.


C- I don't think I have ever experienced a connection issue that has anything to do with Multicharts. The above mentioned weaknesses are all related to the broker.
I have been testing and running spot FX strategies with Multicharts for a year now, and I don't see validity in the complaints that the engine is not adequate. For my needs at least, it's pretty great. Please elaborate for specific issues, maybe I can help.


D - Tip: if you open a forex account with TS (I think a minimum deposit of USD3k is needed), they will give you (if you ask for it) free FX historical data. Then you're up and running and you never have to worry about data again.

Please feel free to contact me if I can assist with anything else.

moses

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 01 Jul 2014

wow, took me ages to go through this thread..
I can understand the frustration, it took me a while also to understand things, accept that compromises must be made, and pick a solution and move on.

I have been a professional purely mechanical FX trader since last year, so maybe this feedback could be useful:
- each of my my strategies uses one of: 15 minute charts, going up to 1, 2, 4, and 6 hour charts.
- the strategies run around the clock from sunday evening to friday night
- I am using Multicharts to run the strategies - everything is done automatically, no human involvement
- Interactive Brokers for execution
- TS for data

Some notes:

A - I believe that most brokers are completely inappropriate for historical data collection. That's not their job. In my case, I use TS (which is also a broker, I know, but with great data feeds) to load and run my Multicharts strategies.
That's the great thing about Multicharts - you can use a different data feed and another broker.

B - Interactive Brokers is not perfect, but it has not given me any serious problems so far. A few queries to their help desk were answered correctly, politely and quickly.
More importantly for Gargoyle, the Interactive Brokers Gateway (make sure you connect using the Interactive Brokers Gateway, and not the Interactive Brokers main application) that connects to Multicharts does NOT require any daily restart, as incorrectly noted on this thread. I personally run my programs on Sunday, and they run uninterrupted until Friday night when I switch them off.
Other traders have been doing this for a long time also - see for example Big Mike at Big Mike's Trading Forum - he was mentioning that he keeps his systems (including IB Gateway) running for months.

An issue you will encounter with Interactive Brokers is that they (not you) restart their servers once a day - so during that time, you will lose connection for a few seconds or minutes. You don't need to do anything, the API reconnects automatically.

In my case, I find this an acceptable compromise, because:

1 - any open trades do not lose control during this time, because my stop loss orders or profit exits, are already sent to Interactive Brokers WHEN THE TRADE IS ENTERED. This means that even in a scenario where my PC has crashed and I am lying in the hospital, the stop loss will be in place already, there is no connection need with Multicharts once the trade is entered.

2 - you may choose the IB server you connect to, based on the times they restart, so you can keep an eye out. See 'System Availability' at the bottom of this page:
https://www.interactivebrokers.com/en/? ... tity%3Dllc

3 - A quick glance on your mobile phone Interactive Brokers app, will always confirm that your orders etc are in order, so wherever you are, you know things are ok.

4 - data completeness (for the proper running of your strategies) is not affected at all, since real-time data (for charting and strategy calcs) is received by TS, and not Interactive Brokers.

5 - when a trade is triggered by a Multicharts strategy, my easylanguage strategies send me emails that 'Strategy x has been triggered', so I expect another email from IB that the trade has been entered (simple email alerts, in both cases). If I don't see the IB email, I check to see if the trade has really not been entered. This may have happened during that minute that the server is restarting. In this case, I can intervene manually and make sure the trade is entered.


C- I don't think I have ever experienced a connection issue that has anything to do with Multicharts. The above mentioned weaknesses are all related to the broker.
I have been testing and running spot FX strategies with Multicharts for a year now, and I don't see validity in the complaints that the engine is not adequate. For my needs at least, it's pretty great. Please elaborate for specific issues, maybe I can help.


D - Tip: if you open a forex account with TS (I think a minimum deposit of USD3k is needed), they will give you (if you ask for it) free FX historical data. Then you're up and running and you never have to worry about data again.

Please feel free to contact me if I can assist with anything else.

moses
Hey moses,

thank you for your kind and detailed post...

I agree that Interactive Brokers is a good choice for MC, maybe the best. Many MC's users, are IB traders....

About IB restart need, I foud this thread: viewtopic.php?f=1&t=45212&hilit=interactive+brokers

which I see, was started from you. :)

But, what about the software solution suggested at post #4 by Xyzzy, http://twsstart.free.fr/ ?

Have you ever give it a try?

About historicals datas, you are right... :)

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Re: Best Forex Broker for MultiCharts... ?

Postby moses » 01 Jul 2014

I haven't tried the software solution that is used as an add-on to the main IB TWS software.

My thought process was that I didn't want to trust my job to a program that is not well known and documented - of course, this may just be an excuse because my brain begins to hurt when things become more complicated than the absolute minimum!

Anyone out there using this program, to give us some feedback?

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 01 Jul 2014

I haven't tried the software solution that is used as an add-on to the main IB TWS software.

My thought process was that I didn't want to trust my job to a program that is not well known and documented - of course, this may just be an excuse because my brain begins to hurt when things become more complicated than the absolute minimum!

Anyone out there using this program, to give us some feedback?

I've used it for a 1-2 weeks on a demo IB account. The program is nice, and acurate and bears lots of options and settings.... it's quite complex.. it's free and first version was build in 2007..

The fact that such a program exists, means that there are lacks in the IB service in relation to MC/TS connection...

In this thread we are demanding improvements of the actual MC forex brokers connections/services!!!!

Then I noted that IB forex demo is awful, their session is limited only to few hours and price are "simulated" not even close to the current ones. Of course Papper Trading session is available only for opened and fed real accounts.. :) IB demo is useful only to make you lose some time. :)

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Re: Best Forex Broker for MultiCharts... ?

Postby moses » 01 Jul 2014

Gargoyle, I am with you fully! I was manually executing an order last night when IB was down!

But what can MC do to fix IB's connectivity issues?

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 01 Jul 2014

Gargoyle, I am with you fully! I was manually executing an order last night when IB was down!

But what can MC do to fix IB's connectivity issues?
Thank you for your support !

The problem is that, MC does not only need improvements in its connectivity with IB, but with the majority of its supported forex brokers. (I have investigated only the FX brokers cases)

For example, MC is not capable to recovery without a manual restart after a disconnection with LMAX and MB Trading too..

FXCM is no longer available since one year cause of lack of support of its API. And last time I requested it, the adapted FXCM MC forex platform was not available.

Dukascopy and OEC has no historicals available in MC, which means, in case of disconnection, you are going to have gaps in your charts.

The other supported forex brokers are too retail and not reccomendable for big portfolios, in my opinion....

Now, MultiChart's team has showed his lack of transparency and lack of motivation to solve different malfunctions and anomalities some users have kindly provided. I am tolking about MC's spot forex environment connectivity. They are no longer posting on this thread too...

There is the possibility to use custom bridge solutions, but there is quite no demand for them. Some companies that were providing officially such a solution, are actually out of business... There is some private already done solution too.....

And if you want a personal solution for you, you need to buy MC APIs which cost is very high. I've talked with different coders, and no one is willing to make such an investment and put at risk an eventual project for bridge solutions...

So, by MC politics, we are forced to have limited and uncomplete FX broker connectivity solutions... and they are not appearing willing to extend their FX providers range....

It is clear, this picture reflects their politics... nothing to say... but some customers are not happy with that...

If the number of "unhappy" customers grows, I hope MC Team may reconsider their politics....

I believe and I hope this topic could be an opportunity for that...

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Re: Best Forex Broker for MultiCharts... ?

Postby Smoky » 07 Jul 2014

For example, MC is not capable to recovery without a manual restart after a disconnection with LMAX and MB Trading too..
Hello Gargoyle,
sorry for the late reply, but I works a lot on Beta 9.0 ...

With this beta LMAX reconnection is very good, I made a little video to show you all here,
http://we.tl/V5u2xVg8KK

take a look an you'll see speedy reconnection and switching ISP No1 to ISP No 2 ...working well now.

I found little bugs on orders management but I'll explain this on the right post about MC 9.0 beta

have a good reading ;)

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Re: Best Forex Broker for MultiCharts... ?

Postby StratMan » 07 Jul 2014

Hello Gargoyle,

With the Beta 9.0 LMAX disconnection is always the same, I made a little video to show you all here,

you can see that video of the day made ​​with the 9.0 beta is identical to any other video that I have provided and which were made ​​with previous versions of MC ... ;-)

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 08 Jul 2014

Hello Gargoyle,

With the Beta 9.0 LMAX disconnection is always the same, I made a little video to show you all here,

you can see that video of the day made ​​with the 9.0 beta is identical to any other video that I have provided and which were made ​​with previous versions of MC ... ;-)
Thank you, StratMan... LOL :)

So many months since the first LMAX recovery anomality notification ... and still no fix!

Well, we can't trade LMAX yet , anyhow we still may play some bet on when the MC'LMAX and Spot Forex Environment problems may be solved....

Lets start quoting odds at 5.0 for a significant MC fix, before Christmas holidays 2014!

Does anybody offer more?! :D

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Re: Best Forex Broker for MultiCharts... ?

Postby mmsk » 08 Aug 2014

I was just about to buy MC license and start converting all my CrapT4 strategies but fortunately, I found this thread!

Since the last post is a month ago - was there any improvement on the LMAX issue in the meantime? I see MC moderators shut down the main thread discussing it and their last post was in May.

Btw. is this disconnection happening only at the end of the day or does it happen randomly during the entire session?

Now to touch on the main question here, based on my own experience, the only trustworthy FX broker available here on MC is LMAX. In case the Duka connection would work properly, that would be number two – but unfortunately, that is not the case. Everything else is just the standard retail scam and should be avoided.

Re the MC - MT4 bridge, I think it is very bad idea. You have to avoid MT4 servers at any cost, since they are the bottle neck causing all the slippage. I’ve been trading from cross-connected VPS within Equinix NY4 but my best execution speed is 150-200ms. That is more than enough time to get slippage. And if you are running scalpers like me, that is unacceptable.

Has anybody actually measured the execution speed on LMAX from MC? Is it possible to get those 3-4ms they advertise? (of course, assuming you are running from the cross-connected UltraFX VPS)

Thank you!

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Re: Best Forex Broker for MultiCharts... ?

Postby t-rader » 09 Aug 2014

I was just about to buy MC license and start converting all my CrapT4 strategies but fortunately, I found this thread!

Since the last post is a month ago - was there any improvement on the LMAX issue in the meantime? I see MC moderators shut down the main thread discussing it and their last post was in May.

Btw. is this disconnection happening only at the end of the day or does it happen randomly during the entire session?

Now to touch on the main question here, based on my own experience, the only trustworthy FX broker available here on MC is LMAX. In case the Duka connection would work properly, that would be number two – but unfortunately, that is not the case. Everything else is just the standard retail scam and should be avoided.

Re the MC - MT4 bridge, I think it is very bad idea. You have to avoid MT4 servers at any cost, since they are the bottle neck causing all the slippage. I’ve been trading from cross-connected VPS within Equinix NY4 but my best execution speed is 150-200ms. That is more than enough time to get slippage. And if you are running scalpers like me, that is unacceptable.

Has anybody actually measured the execution speed on LMAX from MC? Is it possible to get those 3-4ms they advertise? (of course, assuming you are running from the cross-connected UltraFX VPS)

Thank you!
Agree your comments about LMAX and Duka being the best brokers on the MC Supported Brokers list. Could possibly add IB and MBT?

Regarding the LMAX disconnection problems I have experienced the disconnections but not with MC versions 8.7.7634 and 8.8.8363.400 with no patches applied, and have been running these MC versions for quiet a while now. I do reboot my server at the start of each week but sometimes leave my test server running over the weekend. Please note though I only trade one pair so I'm probably considered a light user compared to others here reporting the LMAX disconnection problem. If anyone wants to send me their signal I'm happy to run it on one of my servers for a couple of weeks for them as a test for the disconnections ;)

I also agree that a bridge to MT4 is a bad idea as well.

Yes I have measured the execution speed on LMAX from MC and yes its possible to get orders in their advertised 3-4ms, even less than that actually, that is their average execution speed.

I use a VPS that is 1ms away from LMAX. Although I'm not with UltraFX and I wouldn't go with them either as their prices are an absolute ripoff! On top of that I feel a little uncomfortable having a VPS with a provider that specialises in VPS for Traders. The reason being is a lot of VPS are setup with support accounts so they can login to your server whenever they want (I always delete these accounts) but on top of that the virtual technology allows them to see your screen so if you're doing your coding on your server (personally I don't) maybe they're sitting at their desk taking notes about your trading system. Call me paranoid but this is the trading game we're in!

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Re: Best Forex Broker for MultiCharts... ?

Postby Gargoyle » 14 Nov 2014

Hello all,

I would like to say that since some weeks I have seen solved or apparently solved the LMAX-MC end session anomality, which was forcing the restart of the platform.

This problem has no longer appeared. I would like to thing it is finally solved, and this is also solving the requests of this topic.

So thank you to TSS, it seems now we can trade LMAX (Spot Forex), without restarting the platform during the week.

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Re: Best Forex Broker for MultiCharts... ?

Postby bomberone1 » 02 Apr 2021

Is there a list of update of forex Broker supported by Multicharts?


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Re: Best Forex Broker for MultiCharts... ?

Postby masterchanger » 04 Apr 2021

For US forex traders who want to remain compliant with US regulations Multicharts-Oanda was a good choice for running algorithmic trading strategies, but after losing the ability to access the datafeed through Multicharts for almost a week, while running multiple strategies (over 30 strategies-each with its own stoploss/profit targets), which I could only close out in the Oanda desktop application. I concluded that the Multicharts-Oanda connection was too risky to place real money with. YMMV

Mike_2021
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Re: Best Forex Broker for MultiCharts... ?

Postby Mike_2021 » 18 Jul 2021

I need too. :D
Is there a list of update of forex Broker supported by Multicharts?

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Vlada MultiCharts
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Re: Best Forex Broker for MultiCharts... ?

Postby Vlada MultiCharts » 17 Aug 2021

Hello,

At the moment the forex data is available from:

Barchart
Bloomberg
CSI
CQG
Dukascopy
Interactive Brokers
IQFeed
IWBank
LMAX
MCFX
OANDA
Saxo Group

You can check our wiki page on which data sources provide forex data.

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Vlada MultiCharts
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Re: Best Forex Broker for MultiCharts... ?

Postby Vlada MultiCharts » 17 Aug 2021

masterchanger,

If you are still experiencing issues with OANDA, please send us logs via the main MultiCharts window -> Help -> Feedback.

In the description please specify the time of the issue and enable the following options:


Attach a screenshot;
Attach log files…;
Include Backup…;
Snapshot of the current MC setup;
Upload collected data to help desk;
Press Send.

masterchanger
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Re: Best Forex Broker for MultiCharts... ?

Postby masterchanger » 17 Aug 2021

Hi Vlada,
Overall I've been very pleased with the support Multicharts offers.
My message was from April 2021 over 4 months ago, the issue was a complete breakdown in Oanda-Multicharts connectivity. It was fixed after a week of reporting the issue and I was not the only one involved in the prolonged Oanda outage. I couldn't wait a week and had to manually shut down over 40 positions using the Oanda Desktop application.
I'm sure the Oanda-Multicharts connection is working well now but I concluded that I can't risk real money under such conditions.
I'm an algo trader and the availability and consistency of the brokers datafeed is the lifeblood of my trading.
If an issue such as this takes a week to fix that tells me that Oanda is not a high enough priority (possibly due to low numbers of traders impacted or other Multicharts priorities competing with my need for a timely fix. or that the relationship between Oanda and Multicharts must be weak(spontaneous changes/breakdown of API protocols without apparent notification of stakeholders/partners). If Multicharts has advance notice of a prospective change in connectivity it would be great if they could announce it to its users who self select through an email list rather than waking up to find out, with real money on the line, that the connectivity is gone and contacting support over an issue that Multicharts knows will take days on Multicharts end to fix.
I take that as a greater risk than I already acknowledged when i opened an Oanda account and hooked up Multicharts.
I already had my fill of forex issues/shenanigans (not Oanda related but other forex brokers I have used) over the years and this incident was the last straw that broke the camel's back.
I'm waiting for a connection to Binance.US but not holding my breath.
As a US citizen, I have greater confidence in trading US regulated futures markets and have a backup plan incase Multicharts suddenly becomes unable to connect to my futures broker and I cannot algorithmically trade using Multicharts. If and until that occurs I remain a satisfied customer.

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Re: Best Forex Broker for MultiCharts... ?

Postby Vlada MultiCharts » 23 Aug 2021

masterchanger,

We regret your negative experience with Oanda - MultiCharts connection.
I believe the issue you described is related to the changes OANDA made on their end after which API connections (including MultiCharts) were broken. We have actively worked with OANDA team to resolve this issue. Our mutual work resulted in OANDA reverting all the changes made on their end.

We always work on making sure our clients are aware of such changes, but unfortunately we were not notified about that change coming.
We work hard on our product to make sure it provides a stable and sustained connection to the brokers for the best trading experience of our customers, so we do our best to avoid such issues.

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Re: Best Forex Broker for MultiCharts... ?

Postby bomberone1 » 20 Sep 2021

FXCM was a suported Broker. Is it still now supported?

Why FXCM is not in the list?
https://www.multicharts.com/features/brokers/

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Kate MultiCharts
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Re: Best Forex Broker for MultiCharts... ?

Postby Kate MultiCharts » 21 Sep 2021

FXCM was a suported Broker. Is it still now supported?

Why FXCM is not in the list?
https://www.multicharts.com/features/brokers/
Hello bomberone1,

FXCM is a supported broker in MC.
You can add and configure it via File -> Broker Profiles -> Manage Broker Profiles -> New -> FXCM.

It has been removed from the list in accordance with our agreement with FXCM.


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