MultiCharts Questions & Answers

Event Log with strategy debugging is a very crucial feature of MultiCharts as it assists you in various things. This includes error tracking, execution flow, custom logging, performance analysis, post-mortem analysis, and others.

Yes, you can automate alerts for specific trading events.

• Start creating alerts and define conditions using EasyLanguage
• Set alert notifications
• Test your alerts

There are various ways to test the robustness of your trading strategies in MultiCharts. These are:

• Backtesting: Use historical data to test your strategies.
• Walk-forward Optimization: This technique evaluates how your plan performs across various parts of historical data.
• Monte Carlo Simulation: Run Monte Carlo simulations to assess the effects of erratic market movements and changes to the parameters of your strategy.
• Parameter Sensitivity Analysis: Modify your input parameters of strategy a little bit to observe how responsive the performance is to those adjustments. If little changes result in significant fluctuations in performance, your approach may not be robust.
• Review Performance Metrics: To assess overall performance and risk, examine important measures like the greatest drawdown, average trade duration, Sharpe ratio, and others.

Chart Templates enable users to build and preserve bespoke chart styles in apps such as Excel. This implies that you may create a chart with specified formatting, colors, labels, and other features, and then save the design as a template.

Yes, you can use multiple indicators in a single strategy in MultiCharts. This platform provides advanced programming languages-PowerLanguage and EasyLanguage, that allows customization.

To create a watchlist of specific instruments, follow the given instructions:

• Open the market scanner in MultiCharts.
• Add instruments that you want in the watchlist.
• Organize your watchlist by customizing and saving your list.

You need to follow some steps to get detailed strategy reports after backtesting.

• You need to start by running the backtest.
• A summary window will appear. Click on the ‘Strategy Performance Report’.
• After this, you can review metrics and analyze individual trades.
• Now, you can export the file in CSV or Excel format.

There are various tools and features in MultiCharts to visualize order flow. A few of those features are:

• Depth of Market (DOM)
• Volume Profile
• Footprint Charts
• Tick Charts
• Custom Indicators

The market replay feature of MultiCharts is used to simulate trading using historical data.

• It helps to practice trading in real time without any financial risk.
• You can test your strategies using this feature.
• After testing, you can analyze your strategies and helps you in informed decisions.
• You can also adjust the playback speed to analyze multiple timeframes.

Follow the following steps to synchronize your charts across multiple monitors:

• Open your charts
• Arrange windows and link charts
• Save workspace and use multiple spaces