It has built-in API’s for popular brokers which tend to work very well, even though you sometimes must fiddle around with getting the data loaded.In our experience, the primary grievance is when an automated strategy encounters an error mid trade and turns off – there is no alert for when this happens which can be an issue especially if you have a day job.We have heard from other traders that the workstation for Tradestation 9.5 has frozen many times with as little as four workspaces and total seven charts open.Live data and historical data is accurate.They have worked on platform stability considerably with recent updates and this shows with the performance.Automated Trading systems have no problem working day after day. Can be left open for weeks at a time without any issues.It is an excellent testing platform for validating real market conditions with each backtest so that you can evaluate every trade correctly. NinjaTrader has been around since 2004 and has grown into a sizeable active trading firm with its own brokerage facility it now has over 40,000 users and counting. If you are a competent programmer with Java or C# skills, then this might be the ideal platform for you. Their platform is powerful with advanced features and technology which can meet even the most demanding trader’s needs. Multicharts gives users the freedom to use numerous different brokers and has created built-in APIs for each compatible broker directly into the platform, making it very easy to trade. The purpose for Multicharts was to eliminate the weaknesses of all other comparative products to ensure intuitive, streamlined experience that is custom fit to the user’s needs.
Multicharts is standalone automated trading backtest software and can connect to many different brokers it has excellent charting and impressive live automated trading abilities. You have the option of Multicharts (uses PowerLanguage) or (uses C#). Moreover, on the go traders can get alerted to earning reports as they are about to be released. The app has voice technology integration with Siri. Tradestation has been cutting edge in some respects and even offers a great mobile trading application. Tradestation is highly specialized software relative to other brokers, in the past, it appealed predominantly to the algorithmic trading crowd, but with the additions of Matrix, app trading and Trader Concierge program, it should widen the spectrum of potential clientele. The company now charges no data fees, no software fees to appeal to the broader audience. John Bartlemen was appointed President of Tradestation two years ago but has been with the company since 1999 under the guise of Omega Research. Recently they have made a substantial effort to rebrand, redesign to increase the userbase. This company has been around forever and earned many awards in the past.