I have been trading professionally for about 20 years and I could use some advise/recommendations. I am looking to automate a few of my trading strategies. They vary from an equity swing trading system to an intraday emini scalping system. I am looking for a platform which we can code/backtest/tweak and then eventually trade said systems through. I have been looking at Quantopian, TradeLink, MQL5 (MetaTrader5) to name a few. Any suggestions, pitfalls or recommendations in those names above or any other platform I should look at, or advise in picking a platform which has the least downside and limited to no restrictions (I know every platform has it shortcomings). We have no programming language restrictions. Thank you in advance.
I suggest you look into InvestorRT at www.linnsoft.com. I'm a long-time user. Very easy to program and backtest, but very deep in what it can do for you. Great support, just email them with questions. Good luck.
Ive been working with Ninjatrader for a few years now. Great platform its free to develop stuff on without trading but it took a little while to learn all the nuances in the platform and it does have a few bugs. The NT staff is very helpful on the forum for solving said eccentricities.
Ninjatrader, Multicharts, Amibroker (good value), InvestorRT as already mentioned. As far a Quantopian, it may be good but I prefer to keep my ideas on my own server. There is no way of knowing what happens in web based services even if the onwers are credible. Besides, I don't like Python. Why using a language you have to reinvent the wheel every day?
Thanks everyone. I was looking for a more powerful option, preferably not a retail but an open source platform. I do appreciate your recommendations and time posting.
Pay software has restriction based on the experience, needs and imagination of the company building/selling said software and as they are not in the business of trading or managing capital but they are in the business of selling software, they are more interested in gearing innovations towards the masses for mass sex appeal and marketability. Open source software allows you to control those innovations and often overcome the inherent shortcomings found in retail software without having to start from scratch as it is almost always built but fellow traders/money managers who had the same issues we have had with retail software limitations. Although this is not set in stone, it is a fairly accurate account of the why I was looking for something opensource.
The limitation are mostly in the ability to use software. Even with excel you can make money if you know what you are doing.