Can you please recommend software

Discussion in 'Automated Trading' started by DaddyofTwo, Jun 5, 2015.

  1. We're in the same boat.....with the main issue:
    Do we want to waste time learning a new language and/or a new platform or...
    Do we want to spend our time trading with a known tool ?
     
    #11     Jun 12, 2015
  2. You want to first spend time understanding the tools you are using. If you use an application and your life critically depends on the application then yes, uou should understand very well how the application was designed and how it works.

    That is why I don't need to have to understand how the Windows OS precisely works but I wrote my own algorithmic trading architecture because my performance critically depends on my understanding all ever so small nuances.

     
    #12     Jun 14, 2015
  3. Volpunter thank you for finding the time to reply. I totally understand your sentiments about needing to understand the nuts and bolts of a trading platform - I used to be the test and documentation manager for the Gas and Power trading system of an oil major, who had twenty odd developers on their inhouse trading system. So I know about "features" in software!!

    But I am not a good programmer and have been struggling with C# in OEC and having looked at the back data available in Open eCry decided that there isn't going to be enough to back test in any meaningful way, so it is best to abandon this path. So I am in the process of opening an account with Trade Station (which I know doesn't cater for exchange based spreads).

    Quite simply I have some ideas which look okayish on Esignal (and now on OEC's charts) and I want to try them out in a more rigorous manner. I also have heard that it is likely that I will be unable to get to the bottom of exactly Tradestation will be doing when it back tests and so I will need to treat the results with suspicion.

    I guess that what I will do if Tradestation suggest that my ideas are a goer is run them on either (one or more of) OEC's, Trade Station or Easyscreens simulation environment live, before venturing some single lots under a very close eye for a few months. This will no doubt result in expensive lessons. And it may well mean that I will then come around to your position. But at this moment I want to concentrate on getting a workable algo and not the platform.

    I would be very grateful for your comments and pointers on implementation and the pitfalls of off-the-shelf platforms, if you are willing, when I am a bit further down the line.
     
    #13     Jun 23, 2015
  4. Murray Ruggiero

    Murray Ruggiero Sponsor

    Please PM me and I can help you with any question you might have to see if TradersStudio will be right for you. It's the easiest program if you are interested in studying equity curve feedback.
     
    #14     Jul 6, 2015
  5. But Murray, can it connect to other API's like Interactive Brokers for real-time trading ?
     
    #15     Jul 6, 2015
  6. What supports your claim that yours is the "easiest"?



     
    #16     Jul 6, 2015
  7. Murray Ruggiero

    Murray Ruggiero Sponsor

    It has special built in function for equity curve feedback. In all other platforms you need to code a shadow strategy and keep track of all the trades yourself. In TradersStudio , just duplicate your system code and replace, buy with VirtualBuy, Sell with VirtualSell, ect and your done.
     
    #17     Jul 7, 2015
  8. Just a quick update to say that so far I am really getting on with Tradestation and am finding EasyLanguage to live up to its name. When I try and use it in anger it might be a different story, but there is really good support, lots on the web, and a good amount of data available for back testing (although I think limited exchanges).
     
    #18     Jul 24, 2015
  9. Murray Ruggiero

    Murray Ruggiero Sponsor

    TradersStudio Basic is a cross between TradeStation and VBA. I always say if TradeStation EasyLanguage and VBA had a child it would be TradersStudio Basic.
     
    #19     Jul 27, 2015
  10. this is where you position your product? Between an ancient scripting language that comes for free and a broker frontend that is also provided for free with a brokerage account. :eek:

    Also you may want to proof read your content on your website. It contains glaring errors and makes me wonder if you cannot get basic text right how much confidence to put into your code to generate, for example, backtest results:

    copied straight from your website:
    "TradersStudio Turbo is the next-generation of our highly revered backtesting platform, TradersStudio. This program is a complete backtesting platform enabling you to test strategies and money management ideas efficiently and effectively. It is used by some of the largest hedge fund managers and has a long history of producing accurate results because it was built by traders for traders. Indeed, this program is incredible for creating new, innovative ideas in the trading realm.
    TradersStudio Turbo efficiently uses the cores in your computer to run optimizations and portfolio’s in parallel. This version is 800$-1000% faster than TradersStudio Professional."



     
    #20     Jul 27, 2015