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syswizard
 

Registered: Jun 2004
Posts: 3613

 

08-23-12 12:58 PM


Quote from naifwonder:


Chances are, your custom platform has more bugs than many of these retail platforms.

Retail platforms certainly have a ton of room for improvement, but I have found cases (more specifically stated before) where they were sufficient.


Exactly...and for these 2 reasons above, I'd rather be trading with my system, applying new trading systems, and backtesting versus constantly debugging and tweaking my custom platform.

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januson
 

Registered: Mar 2007
Posts: 155

 

08-23-12 07:36 PM


Quote from naifwonder:

Chances are, your custom platform has more bugs than many of these retail platforms. However, the bug-scenarios do not arise in live-use because you debug the platform itself as you test the system and bugs arise.



It depends a lot on the developer, for me with 15 years of experience I would always develop my own trading software. I've tried 6-7 different platforms and each one had it's own oddities.

But for a beginner that totally underestimate such a big project and don't understand the basic design patterns + ignores the fine art of unit-testing, I would definitely argue to go after a retail platform.

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naifwonder
 

Registered: Sep 2006
Posts: 183

 

08-23-12 09:33 PM


Quote from januson:

It depends a lot on the developer, for me with 15 years of experience I would always develop my own trading software. I've tried 6-7 different platforms and each one had it's own oddities.

But for a beginner that totally underestimate such a big project and don't understand the basic design patterns + ignores the fine art of unit-testing, I would definitely argue to go after a retail platform.



I think this sums it up well. Taking the custom route is a decision to be weighted carefully in terms of what benefits it poses - both short term and long term. Like other aspects of trading, it is an investment, and it must be assessed if it is the one with the highest return. For me, custom yielded the highest return. Heck, just the knowledge and insight I gained from building the platform was a great return on my time investment.

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