A free MultiCharts alternative with no licence
MultiCharts sells a $1,497 lifetime licence, or subscriptions of about $66 to $97 a month. On AlgoBars, charting, unlimited backtesting, walk-forward and Monte Carlo testing and live automation on 334 brokers are free, and AlgoBarsX imports EasyLanguage for free.
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MultiCharts vs AlgoBars
MultiCharts figures from its own pricing pages or cited listings, checked October 2026.
| MultiCharts | AlgoBars (free) | |
|---|---|---|
| Price | $1,497 lifetime, or about $66 to $97 a month | Free |
| Strategy language | PowerLanguage (EasyLanguage-compatible) or .NET | AlgoBarsX, plus free EasyLanguage import |
| Where it runs | Windows desktop | Browser, desktop and phone |
| Backtesting | Included | Free and unlimited, with walk-forward and Monte Carlo |
Everything you would pay for, free on AlgoBars
Here is what a trading platforms trader gets on AlgoBars at $0, compared with paying for MultiCharts.
| What you get | On AlgoBars |
|---|---|
| No coding required | Build in plain words or no-code blocks, or write AlgoBarsX (ABX), AlgoBars' own trading language |
| Indicators | 100+ built in and unlimited custom indicators, with no per-chart cap |
| Stock fundamentals | Financial data on the chart, free |
| Custom timeframes | Any timeframe you set, free |
| Chart types | Kagi, Point and Figure, Line Break, Renko, range bars, tick charts and Heikin-Ashi, free |
| 1-second charts | 1s, 5s, 10s, 15s and 30s timeframes, free |
| Multi-chart layouts | Free |
| Price and condition alerts | Free |
| Market scanner | Free |
| Backtesting | Free and unlimited, on every account |
| Market replay | Free |
| Live trading | Free on 334 integrated brokers and 131 prop firms |
| Strategies running 24/7 | Free on AlgoBars servers, with no VPS |
| Bring your code | Free import of Pine Script, MQL4 and MQL5, NinjaScript, EasyLanguage, thinkScript and Python into AlgoBarsX (ABX) |
| Trade journal | Free, built into the platform you trade on |
| Economic calendar and news panel | Free |
What actually costs money on AlgoBars
Every platform feature is free on every account, every month: no card, no trial and nothing to cancel. You only pay for AI usage: AI writing a strategy, indicator or alert for you, AI analysis and chat, and auto-trading on external (non-integrated) brokers. You get 250 credits free every month, and more cost $1 per 100. Anything you write yourself, every backtest, every import and trading on integrated brokers stay free.
Step by step: move from MultiCharts to AlgoBars
- Create a free AlgoBars account. No card is needed, and there is no trial clock.
- Set up your chart with the indicators you use. There is no per-chart cap and custom indicators are unlimited.
- Test it: backtests are free and unlimited. Check robustness with walk-forward analysis and Monte Carlo simulation, also free.
- Go live on one of 334 integrated brokers. Strategies keep running on AlgoBars servers when you log off.
When MultiCharts may still suit you
MultiCharts suits traders who rely on its tick-by-tick backtesting with modelled costs and its Windows desktop workflow.
Backtests you can trust
AlgoBars backtests use only the data available at each moment and fill orders on the next bar, so a result reflects your rules, not hindsight. They show the raw price move, before spread and commission, so you see the edge of the rules themselves. Check each broker's spread with the broker spread map before going live.
Frequently asked questions
Is there a free MultiCharts alternative?
Yes. AlgoBars gives you the same core job free: unlimited backtesting with walk-forward analysis and Monte Carlo simulation, on every account.
What does MultiCharts cost compared with AlgoBars?
MultiCharts: $1,497 lifetime licence, or about $66 to $97 a month, as published when checked. AlgoBars: $0 for every platform feature, on every account.
Is AlgoBars really free?
Yes. Every platform feature is free on every account, with no card and no trial clock. Only AI usage costs credits, and you get 250 free every month.
Does AlgoBars charge for backtesting?
No. Backtests are free and unlimited on every account, on any market and timeframe AlgoBars has data for. Walk-forward analysis and Monte Carlo simulation are free too.
When is MultiCharts still a good choice?
MultiCharts suits traders who rely on its tick-by-tick backtesting with modelled costs and its Windows desktop workflow.
More answers
Sources
- MultiCharts editions and pricing
- AlgoBars figures: pricing, FAQ
Competitor prices and terms change. They are shown as published when checked in October 2026. Trading involves risk of loss.