The software comes with high-definition charting, support for 20+ data feeds and 10+ brokers, dynamic portfolio-level strategy backtesting, EasyLanguage support, interactive performance reporting, genetic optimization, market scanner, data replay, and 300+ strategies and indicators.
MCFX is a professional Forex trading platform featuring a built-in data feed with historical tick data since 2001 for 30 important currency pairs, high-definition Forex charts and automated Forex strategy trading. Essentially, MCFX is a version of the flagship platform MultiCharts that has been adapted and streamlined for Forex trading.
MCFX Pro is a one-stop Forex trading platform—it combines data, charting and order execution capabilities. MCFX was built specifically for Forex strategy trading, so it can understand the industry-standard EasyLanguage. You can create your own custom strategies and indicators, use backtesting, optimize your strategies and automatically send orders to FXCM.
If you only need the data and charting, then MCFX Basic is the right choice for you.
Complete and Informative Charting
To make the right choice it is equally important to see the small details and the big picture. This charting is one of the best in the industry, giving you instant access to all of the information that you need.
Multi time frame analysis, fast response time, complete interactivity with everything you see—all at your fingertips.
20 + Data Feeds and 10 + Brokers
We feel that you should have the freedom of choice, and that’s why we have added support for over 20 different data feeds and 10 brokers to MultiCharts.
Competition is good, that’s why you can pick the providers that suit you best, and change them at any time. No strings attached.
Dynamic Portfolio Backtesting
Proper backtesting helps you determine if your strategies will make or lose money.
Dynamic portfolio backtesting is capable of applying your strategy to many symbols on a bar-by-bar basis, determining which trade is the optimal one at any given time. It can be an invaluable tool during technical analysis and strategy development.
EasyLanguage has been in development for over 20 years, so it has one of the largest libraries of trading ideas already implemented.
It is so useful to traders, it is considered the industry-standard programming language. In addition to hundreds of studies that come with MultiCharts, you can create your own, change existing ones or import any EL code that you can find.
Interactive Performance Reporting
It is very important to accurately see how you are doing. The performance report has more than 200 performance measures, including various metrics, ratios, and interactive performance charts. The report can also monitor real-time trading, since it recalculates on every new order that has been placed.
Genetic Strategy Optimization
Some traders find optimization very useful, because it saves a lot of time searching for optimal inputs for a particular strategy.
Genetic optimization employs a complex algorithm that tests possible inputs in a way that mimics biological evolution. This approach is a lot faster than trying every possible combination, and it also helps avoid outliers and curve-fitting.
Scan the Market
When you are looking for opportunities, the Market Scanner can be an invaluable tool.
You can instantly sort up to 5000 instruments to find ones that meet a certain criteria, apply indicators to alert yourself when a condition occurs, and open charts of the necessary symbols for a more detailed look.
Replay Market Data
Trading the markets is all about predicting where the price will go next. A good way to practice is to apply your price-predicting skills to historical data.
Market Data Replay allows you start playback at any point in the past, speed up or slow down replay speed, and even playback several instruments at once.
Hundreds of Strategies and Indicators
We have collected the most popular indicators and strategies we could find, and included them in the platform for free, so you don’t have to look for them.
All you need to do is right-click on the chart, and they are at your fingertips. Remember, you can always add more, or write your own in addition to existing ones.