Best Backtesting Software for a Newbie?

Discussion in 'Trading Software' started by sneakoner, Aug 31, 2011.

  1. I vote for Amibroker. Unbelievably fast at an unbelievable low price ($199 for EOD).

    It takes some time to learn it but I have found only one backtesting glitch with it, which I am not going to share here. Minor problem I would say. Other platforms may have more serious problems.
     
    #11     Sep 1, 2011
  2. damn that does look good...certainly beats investor rt's $100/month
     
    #12     Sep 1, 2011
  3. tradelink is free and open source, also :
    * supports 17 different brokers and data feeds
    * tick-based, either level1 or level2
    * very fast backtest at 300,000-1million ticks/second
    * live trade with 50us (.05ms) latency
    * tutorials with videos provided
    * 300+ member user community

    google tradelink project or checkout tradelink.org
     
    #13     Sep 1, 2011
  4. how difficult is it to learn to code a strategy?
     
    #14     Sep 1, 2011
  5. The learning curve is probably different for everyone, but we've had non programmers follow the tutorials and report success.

    ask on the community.tradelink.org list to find out more.
     
    #15     Sep 1, 2011
  6. Ok so I've narrowed it down to these 3:

    Investor RT
    PROS: easy to learn and use, powerful, supposedly fast, great support
    CONS: $100+ per month

    AmiBroker
    PROS: one time fee of $199 (plus other misc crap)
    CONS: harder to learn

    Ninjatrader
    PROS: free, easy to use for simple strategies
    CONS: harder to learn if you want to program more complicated and specific strategies (you have to go into the code)


    UGH i feel like i'm bouncing back and forth between systems trying to learn their languages...
     
    #16     Sep 1, 2011
  7. sierracharts backtesting

    fastest in the business but it's in C++, you can do forward testing at 10.000x speed

    complete trading platform for $18 a month
     
    #17     Sep 1, 2011
  8. It's not hard to learn at all, really. The pros of InvestorRt should be additional pros of Amibroker. Normally Amibroker should cost $2000 to $3000 to justify the capabilities of that product. It's a gift that its price is so incredibly low. It still amazes me.
     
    #18     Sep 1, 2011
  9. I agree but its developer is in a country where people have learned to live with less and produce more. He must be a very intelligent person.
     
    #19     Sep 1, 2011
  10. GordonTheGekko

    GordonTheGekko Guest


    Amnibroker's site sucks. Is it really the best? Why can't they build a good website if it's so great? (you probably won't answer that)
     
    #20     Sep 4, 2011