What's the most powerful trading platform for PC? | Forex Factory

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What's the most powerful trading platform for PC?

  • #1
  • First Post: Oct 19, 2021 9:05pm Oct 19, 2021 9:05pm
Hello everyone

I'm looking for the most powerful trading software that can bring me stability and be programmed well for high calculation indicators. I'm adopting my strategy and my personal indicator has to calculate a lot of codes to give me a signal, and for backtesting, I have to overload charts with more than 50 pivot indicators and MAs such as SMMA, WMA, HMA, and so on. The charts get so crowded and when the periods go higher the indicators, calculations and more important my moving on the chart slows than vigorously.
For this, I need a powerful software that brings me no lag at all and has high speed when I'm working. I'm using MT5 right now and it's awful, I can't evaluate the chart for more than a couple of months, let alone years. I've tested cTrader too, it's way better than MT5 but still doesn't have the stability for backtesting years of candles say 3 or 4 million in a 1 min chart.

Any suggestion you can offer would be appreciated.
  • #2
  • Oct 20, 2021 4:00pm Oct 20, 2021 4:00pm
Learn to trade, get rid of the indicators
  • #3
  • Oct 20, 2021 10:00pm Oct 20, 2021 10:00pm
Quoting wansiman
Learn to trade, get rid of the indicators
You're right, but I'm aiming for algorithmic trading and need a powerful platform to implement my ideas. This may take a long period of time but will happen and worth it.
  • #4
  • Oct 20, 2021 11:22pm Oct 20, 2021 11:22pm
Quoting eeeeeeehsan
{quote} You're right, but I'm aiming for algorithmic trading and need a powerful platform to implement my ideas. This may take a long period of time but will happen and worth it.
Honestly, forget algorithmic trading as it’s more a scam than a real money making vehicle.

A powerful platform won’t enable your strategy to succeed because the markets are full of gaps which play havoc with EA’s coding. It got so bad, many professional Algo traders switched to very simple Algo’s that have no more than two external functions.

Small and nimble EA’s are a better bet, MT4 is good enough.
Trading thin liquidity at the boundary of the charts
  • #5
  • Oct 21, 2021 12:51am Oct 21, 2021 12:51am
Quoting RickM
{quote} Honestly, forget algorithmic trading as it’s more a scam than a real money making vehicle. A powerful platform won’t enable your strategy to succeed because the markets are full of gaps which play havoc with EA’s coding. It got so bad, many professional Algo traders switched to very simple Algo’s that have no more than two external functions. Small and nimble EA’s are a better bet, MT4 is good enough.
Thank you for your kind suggestion. You're partly right, and also my ultimate goal is making an EA, but as for now I'm still in need of a powerful platform to help me to develop my strategy with lesser strain and smoothly. Making an EA is not my priority for right now.
I know price action, I know how to trade, but I want to build something that gives me some signals to analyse. That way I would have more free time to spend my time with family.
  • #6
  • Oct 21, 2021 1:38am Oct 21, 2021 1:38am
How much are you willing to pay for platform?
Markets will move to the right.
  • #7
  • Oct 21, 2021 8:53am Oct 21, 2021 8:53am
Quoting FraterRedox
How much are you willing to pay for platform?
Do you mean paid ones like Tradingview?
There are many platforms on the internet that are free, but a few of them has decent quality. Platforms like Tradingview are worth the money but still on lower time frames like 1 minute doesn't offer more than 2 months of data, which I need for my backtesting.
What do you suggest?
  • #8
  • Oct 21, 2021 9:43am Oct 21, 2021 9:43am
the question is more the broker, broker who only offer MT4 or MT5 are the most not serious.
if you look like brokers who offer ctrader or tradingview the are way better
specially it looks tradingview check the broker bevor the accept then
The biggest drawdown is ahead of you
  • #9
  • Oct 21, 2021 10:07pm Oct 21, 2021 10:07pm
Quoting amando77
the question is more the broker, broker who only offer MT4 or MT5 are the most not serious. if you look like brokers who offer ctrader or tradingview the are way better specially it looks tradingview check the broker bevor the accept then
Of course, the broker is important, but you can always import historical data to your platform, at least most of them do.
  • #10
  • Oct 21, 2021 11:34pm Oct 21, 2021 11:34pm
Quoting eeeeeeehsan
{quote} Of course, the broker is important, but you can always import historical data to your platform, at least most of them do.
I am not a trader that knocks others that use lots of indicators on their charts, who doesn’t like Christmas trees lights.

But on algorithmic trading, the problem is back testing with any accuracy. The historical data brokers give us is not the same as live data was. This is the reason why Algo’s fail as it’s impossible to test it on data that’s resembled what actually happened.
When you throw a handful of indicators on a EA that require optimisation, you have no real change of testing it with any meaningful accuracy due to complexity. Simple EA’s using one or two indicators you may have a change on testing with accurate results, with more indicators it becomes untestable. Therefore forget about looking for a powerful platform, instead search for a powerful testing platform instead.

I recommend you download historical data of C Trader directly onto a excel sheet and learn how to test it there.
Trading thin liquidity at the boundary of the charts
  • #11
  • Oct 22, 2021 7:23am Oct 22, 2021 7:23am
Quoting RickM
{quote} I am not a trader that knocks others that use lots of indicators on their charts, who doesn’t like Christmas trees lights. But on algorithmic trading, the problem is back testing with any accuracy. The historical data brokers give us is not the same as live data was. This is the reason why Algo’s fail as it’s impossible to test it on data that’s resembled what actually happened. When you throw a handful of indicators on a EA that require optimisation, you have no real change of testing it with any meaningful accuracy due to complexity. Simple...
I agree with your opinion about algorithmic trading.

That's a great idea, thank you.
  • #12
  • Oct 22, 2021 1:25pm Oct 22, 2021 1:25pm
Quoting eeeeeeehsan
Hello everyone I'm looking for the most powerful trading software that can bring me stability and be programmed well for high calculation indicators. I'm adopting my strategy and my personal indicator has to calculate a lot of codes to give me a signal, and for backtesting, I have to overload charts with more than 50 pivot indicators and MAs such as SMMA, WMA, HMA, and so on. The charts get so crowded and when the periods go higher the indicators, calculations and more important my moving on the chart slows than vigorously. For this, I need a powerful...
I think you should just code an algorithm to look for fractals, but you need a broker that gives you 5 daily candles and not 6 as some do.
  • #13
  • Nov 10, 2021 6:24pm Nov 10, 2021 6:24pm
Quoting eeeeeeehsan
Hello everyone I'm looking for the most powerful trading software that can bring me stability and be programmed well for high calculation indicators. I'm adopting my strategy and my personal indicator has to calculate a lot of codes to give me a signal, and for backtesting, I have to overload charts with more than 50 pivot indicators and MAs such as SMMA, WMA, HMA, and so on. The charts get so crowded and when the periods go higher the indicators, calculations and more important my moving on the chart slows than vigorously. For this, I need a powerful...
You can test years of candles in MT5. If you need data for FOREX symbols, then there is no problem. In case you need data for some specific symbols you may need to look for a broker that provide it or otherwise you will have to buy the data.

For some symbols, there is no platform that will provide you this historical data for free.
Always ready to help
  • #14
  • Nov 14, 2021 3:55pm Nov 14, 2021 3:55pm
Up to now, the most powerful platform/trading software is Meta Trader 5/MT5. Why? It's full of functions and it just depends upon your creativity to use it, it's the software for trading with expert advisers.
  • #15
  • Last Post: Nov 14, 2021 8:00pm Nov 14, 2021 8:00pm
Quoting amsb
Up to now, the most powerful platform/trading software is Meta Trader 5/MT5. Why? It's full of functions and it just depends upon your creativity to use it, it's the software for trading with expert advisers.
It's true, Metatrader is a wonderful tool for using experts, but it couldn't live up to my expectations and needs. Sometimes I need to have more than 50 'Pivot' and 'MA' indicators on the chart at the same time to test my one custom indicator and imagine you want to go back 1 million candles on a 1-minute chart, it always makes me wanna kill myself! It doesn't use much CPU at all, but a little bit of RAM. However, softwares like cTrader uses full CPU potential and RAM, and when the chart and its indicators are prepared to test, it doesn't need any more CPU power and uses whatever RAM it needs to go back and forth in the chart and it's mostly smoothly.
Although cTrader sometimes has some glitches under heavy loads like MT5, therefore I'm looking for other alternatives to help me out with my work. Probably I would test 'Tradestation' software in the near future, but as for now, I'm getting help from both MT5 and cTrader at the same time.
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