PT Multistation Goes Social

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.