The latest version (9.1 Beta) of multi-asset trading platform MultiCharts is out, responding to numerous requests of its users for new features implementation.
The additions include: Local broker simulation, Forex board, Volume Profile in Depth of Market (DOM) window, multibroker trading performance summary, the ability to export only selected Trading Performance Report segments, improvements to currency conversion algorithm, as well as a functionality to set trailing stop, profit target and other special orders parameters in ticks for auto trading.
Let’s check out the main improvements.
Simulated Broker
This new feature enables MultiCharts’ users to test their trading ideas without a brokerage account. It is now possible to do paper trading using data feed connection only with the help of the new prebuilt “Paper Trader” broker profile. Now traders do not have to open a simulated account with a given broker if they want to see how their strategy behaves in real-time trading.
Forex Board
A new window – Forex Board has been added, where one can see data and trade the selected instruments with classic Forex interface showing Ask and Bid price, size and spread in a fully customizable way.
Depth of Market (DOM) Volume Profile
Volume Profile is now available in the DOM window enabling traders to monitor changes in trade volume while making trading decisions live.
Trades Summary
A new “Trades Summary” tab has been added to the Order and Position Tracker window. It allows creating a single custom performance report for multiple brokers, accounts and instruments without using a chart.
Export Segments of Performance Report
Now it is possible to select which values to export from Performance Report saving time and making the exported report easier to analyze.
Realized PnL
Order and Position Tracker – Positions History tab now displays Realized PnL for all supported brokers, except FXCM.
FXCM connection
Fans of FXCM, however, would enjoy a special improvement, as the FXCM connection now uses the Forex Connect API.
MultiCharts is supported by some of the biggest Forex brokers in the United States, including Interactive Brokers Group, Inc. (NASDAQ:IBKR)and FXCM Inc (NYSE:FXCM), with the latest addition to the lineup being OANDA.
To learn more about the latest version of MultiCharts, click here.