Stocks & Commodities V. 25:13 (64-65): Product Review: MultiCharts 2 by Jayanthi Gopalakrishnan
Product Description
Product Review: MultiCharts 2 by Jayanthi Gopalakrishnan
Previously, I discussed the charting and data features of MultiCharts. In this second part I will review the analytical features available in the software as well as its backtesting and optimization capabilities.
STRATEGY APPLICATION
In Figure 1, I applied the Bollinger Bands long entry (LE) and short entry (SE) strategy. Once I applied the strategy, MultiCharts by default backtested it and displayed the entry and exit signals on the historical chart. The results of the strategy can be seen in the performance report, as displayed in a tabular format. This you can see displayed in Figure 2. Note the extensive list of tabs in the left-hand side of the performance summary. There are about 180 performance indexes, including about 30 different types of charts, available in this program. Once you have reviewed the performance report, the next logical step is to run an optimization.
Previously, I discussed the charting and data features of MultiCharts. In this second part I will review the analytical features available in the software as well as its backtesting and optimization capabilities.
STRATEGY APPLICATION
In Figure 1, I applied the Bollinger Bands long entry (LE) and short entry (SE) strategy. Once I applied the strategy, MultiCharts by default backtested it and displayed the entry and exit signals on the historical chart. The results of the strategy can be seen in the performance report, as displayed in a tabular format. This you can see displayed in Figure 2. Note the extensive list of tabs in the left-hand side of the performance summary. There are about 180 performance indexes, including about 30 different types of charts, available in this program. Once you have reviewed the performance report, the next logical step is to run an optimization.
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