Connecting to different brokers at the same time is the core feature of PT Multistation. Now they allow connecting to different traders. The social abilities are part of a new set of features and of re-branding of their site. Here’s a review.

It seems that everybody is going social these days. The values of the Web 2.0 trend haven’t skipped PFSoft, the company behind PT Multistation. The new version of their software includes an internal instant messaging service between different users.

Apart from the regular features instant messaging features such as chatting and file sharing, users can share trading signals. Depending on permissions, one user can execute a forex signal for another user.

Sharing in PT Multistation – click to enlarge

This is a powerful  feature that allows automatic trading, but should be handled with care. Note that all these community features can be used with live accounts, demo accounts or both.

If you have a winning strategy and you don’t want to just give it away, there’s an option to sell it to other members. This option is intended for guru traders. I wonder if this will evolve into a big marketplace.

These social features reminded me of Currensee. So, what about sharing real trades? This is the main feature of there. So, there is also an option to share trades in real time, but it is currently quite limited. Anton Trakht, PF Soft’s marketing manager said that this feature is still undergoing some testing and will become more flexible in the future.

Sharing and selling signals – Click to enlarge

More languages and brokers

In the previous post about PT Multistation, I’ve mentioned that a few programming languages are supported: MQL, EasyLanguage, PTL. Now also C# is available, for Microsoft.NET programmers. I think that MQL will remain the most popular language for Expert Advisors.

Also the basic feature of this software has been expanded: more brokers are supported. Known names such as GFT, OANDA and Forex.com (GAIN Capital) have hopped on the wagon. Trakht promised that more are on the way.

I appreciate brokers that cooperate with forex social networks. The will to be transparent is a good sign for the broker. Even if you’re not into socializing and prefer trading alone, I think that you should take a look and see if your broker is on one of these lists.

As PT Multistation went social, they also re-branded themselves in a more hip style. The homepage consists of a huge and neat spaceship and there’s a sliding carousel – a design that is inline with fresh websites.

Conclusion

All in all, PT Multistation is a good product that is evolving in the right directions. I hope that they will put even more effort in the community features.

Want to try it? There’s a free demo here.

PT Multistation is a new product by PFSoft, a software provider that specializes in software for brokers. PT Mulitstation is a multi-product software that allows the trader to connect to different brokers at the same time, compare and send orders. Their wide programming options make it a good choice for advanced traders. Here’s a review.

PFSoft, a young and innovative software company from Ukraine, has launched PT Multistation recently. Their main product is Pro-Trader, which is a highly customizable trading platform, for forex trading and for other instruments, that can be used by brokers

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I asked Anton Trakht PFSoft;s marketing manager, about the target audience:

“The target audience is pretty wide. a) First of all, PT MultiStation has a powerful interface with a lot of features for analysis. It is great tool for advanced users which trade with big lots.

b) There is also powerful developing engine called  PTL Builder with debugging, back-testing and optimization tools included. It handles all supported languages: PTL, MQL, EasyLanguage.

c) PT MultiStation is also equipped with other solutions for automated trading – Visual Advisor and trading alerts.

d) We also deliver PT MultiStation as a solution for Hedge Funds, – there is an ability to group accounts. This allows the fund manager to  control the list of investors accounts.

e) An alternative front-end that the broker can provide his clients with. PT Multistation is great solution for those brokers who care about the trader’s requirements and comfort. Broker can use PT Multistation as an alternative trading terminal to give the trader a choice. PT Multistation is provided with the ability of branding to provide the broker to use his corporate identity.”

I focus on the trader, rather than the broker or the hedge-fund manager. Indeed, the robot programming options that are possible are excellent. The wide variety of languages allows for easy import of trading scripts made in other platforms. They provide good back-testing options and a very powerful debugging tool.

Also non-programmers can enjoy this product in creating scripts: they can simply draw patterns on the chart using indicators and lines, and define actions that would happen in each case. The swift translation of a visual strategy to a script that can be back-tested is very impressive.

The script creation abilities are also available in their previous product – ProTrader. In PT Multi station, the main advantage is the ability for advanced users, that have multiple accounts, to see all the prices in one place. The prices are aggregated in one place, based on all the trader’s accounts.

PT Multistation currently supports a nice list of vendors, including FXCM, MBTrading, dbFX, Ameritrade, ChoiceFX and more. PFSoft is seeking to add more vendors, and also asks visitors of their site to tell them which brokers they want on board.

The development of the product is constantly happening, in parallel with ProTrader. They don’t issue big releases, but rather add features all the time, making the progress of the product more agile.

Regarding regulation, such as the NFA regulations that were added in August, Trakht says that this depends solely on the broker.

As aforementioned, this product is meant for advanced users, usually trading with big lots. The advanced product also requires a strong computer in order to enjoy the strong capabilities. Newcomers to trading might find this complex software confusing.

Trakht told me that the guys at PFSoft are working to make this product easier also for the newbie trader, by providing simple tools such as the Visual Advisor for automated trading and a quick order entry panel.

All in all, I was quite impressed by this nice software. If you’re an advanced forex trader, I recommend checking it out. They offer a demo for download, which limits each usage to 15 minutes. Pricing options are available here.