Hi Guys, I've been trying Openquant, RightEdge and Multicharts for a while, MC looks promising but they do not provide data source APIs(at least it's not free) and I'm using ActiveTick which is not supported by MC. I have the need to screening markets and generate some candidate stocks before market open or right after open each day, and rank them based on my indicators, then monitor these stocks on each day. I can implement this from ground in c# but I'd still like to leverage an mature platform, which software may be the best suit for me? Thanks for your input
NinjaTrader. Fantastic and free. You only need to pay when you start trading live. Tons of various API connections among others.
ActiveTick looks promising. A lot of people are waiting for them to come out of beta with their futures data. I am not sure about their automated trading and backtesting facility. But, it is based on Javascript.
Unless Ninja has changed, as I have not used it in three years, it had limited to 500 symbols AND you had to put in extra symbols by hand. I found other problems I didn't care for and developed my own. One of things that was most annoying is size of the Dome, if you need seven of them, they cover up the screen. Multicharts came about cause it was tailored from Tradestation. Versions of TS in early days was the best, back in late 80s there wasn't much around, Futuresource was good and CQG, then "Supercharts" came out as a back testing program which turned into real time Tradestation. Ensign started in 90's and if you had to buy that piece of ....., indicators would almost change on every bar and only hold six days of back data. Lots of programs can out in 90s, fib programs like mad and charting by the planets.
Yeah I think developing your own platform is a wise choice but it takes some time, I'd prefer doing it too when I'm free
It will take more time and resource than you would think. it only makes sense if you manage 100s of millions at the very least. And even then, many do not.