$500 Off Coupon for MultiCharts Gold
May 30th, 2009In my recent post about being frugal, I wrote that I often wait for things to go on sale before buying them, and when they finally go on sale, I wind up talking myself out of going through with the purchase.
Here’s a case in point:
I received a $500 off coupon for some trading software that I was thinking about buying. MultiCharts is normally $1497, but it’s $997 for the next day.
I like looking for trading systems. It’s a fun hobby of mine; a bit like playing with Lego for adults. Automated trading is a hard nut to crack. Very hard. All I’ve ever come up with, in about ten years of trying, has proven to be random chance under rigorous back testing. I do much better by playing with chicken entrails and “squinting” at the charts. Someone asked why I used Elliot Wave on a recent call when I hadn’t used Elliot Wave in previous calls. My response was, “I don’t know. The 5-3 pattern just jumped out at me that time, on that interval, on that index.” So, no, I haven’t learned how to code my Magic 8 Ball/squinty eye algorithm for automated trading.
Thanks to a generous reader (she knows who she is), I had the privilege of using MCFXPro (this is MultiCharts with just Forex functionality) for several months and taught myself EasyLanguage to the point where I was writing fairly complicated strategies and bizarre custom indicators. For example, I wanted the system look for a short length channel low above a longer length channel low on the RSI of SlowK, all under 35. In other words, if you can dream it up, you can implement it on this software (if you can code it). It’s quite exciting to create far out studies from scratch and strategies that are entirely your own. It doesn’t mean that they will do jack shit, but at least you can try it all out.
If you’re interested in being able to own (as opposed to lease at great monthly expense) an outstanding charting system, designed from the ground up as a multi-interval analysis tool, complete with an EasyLanguage-based backtesting engine, check out MultiCharts. Make sure that you have a data feed that works with it if you’re using it for real time environments. It’s more expensive than lots of Lego sets, but there’s nothing to clean up when you’re finished. 😉
Use this link to get the $500 off price. This is not an affiliate thing. I receive no commission. This is the link that the company sent to me if I personally wanted to buy the software. The only reason I’m mentioning this is because someone out there might be looking for a tool like this, and $500 off is pretty sweet.
Apologies for the short notice. The offer was initially good for four days, but I only saw it today because it was sitting in my unverified email senders’ queue.
