PT Multistation – a power-tool for advanced forex traders

Posted on November 22, 2009 by Yohay
Filed Under Forex Software | 1 Comment

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

.PT Multistation

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.

PTMultistation from PFSoft

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.

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One Response to “PT Multistation – a power-tool for advanced forex traders”

  1. PT Multistation Goes Social | Forex Crunch on February 18th, 2010 8:10 am

    [...] 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 [...]

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