Deciding on a Backtesting and Trading Platform

Discussion in 'Trading Software' started by Gyles, Nov 5, 2007.

  1. agrqqq

    agrqqq

    Could anybody that trades fx give me their view on what they consider the best platform for fx trading. I have tested Smartquant, Rightedge and MultiCharts. I find MultiCharts to be the best one out of these three. Unfortunately none of them don´t offer the ability to account for interest rates.

    The ideal platform for me would be one that has:
    +Charting, backtesting, optimizing abilities etc.
    +Ability to account for interest rate differentials between currency pairs.
    +Look into bar ability, i.e. when considering daily bars in backtesting I would like to be able to consider e.g. 5 min. bars for the most optimal order execution during a particular day.

    Any comments or wisdom about these platforms or others would be greatly appreciated.
     
    #171     Apr 18, 2008
  2. Yes, Tim one must truly cast a wide net.

    Please understand I am not trying to champion one product vs the other. My aim is to highlight the strengths that I've seen in one platform (or correct false impressions) while simultaneously encouraging the platform vendors as ET Sponsors to share deeper insights on their product.

    The reason for this is the more I review these products, it appears to me that there just MAY NOT be a perfect platform and for a serious trader - one may actually need t use at least 2 different platforms.

    So it's not a case of TBlox vs TStudio Or TStudio vs TradeStation, but trying to determine a relative assessment of each and then choosing the subset of possibly 2-3 platforms that can suit your needs.

    In that vein I encourage you and other ET Sponsor vendors to please continue to share here what you believe are the strengths and competitive differences are of TradersBlox or other products.

    Thanks again
     
    #172     Apr 18, 2008
  3. RightEdge actually does support accounting for interest rate differentials between currencies. The current release does not support looking into bars as you describe, but this will be part of the next edition. If you would like more information about the interest rate differentials (or anything else) in RightEdge, feel free to post on our forums or use the "Contact Us" form on our website.

    Thanks,
    Daniel
     
    #173     Apr 18, 2008
  4. Murray Ruggiero

    Murray Ruggiero Sponsor

    TradersStudio also support the interest rate differential calculations for forex. In addition we report trades in both dollars and pips. We also set margins based on account size and leverage you assign to the account.
     
    #174     Apr 18, 2008
  5. jconrad1

    jconrad1



    What is NinjaTrader missing?
     
    #175     Apr 18, 2008
  6. The answer to that question varies by user needs and preferences.
     
    #176     Apr 18, 2008
  7. You sound like you're trolling -- go read the original "review" for a true bias. Anyway, I don't know what your definition of "disgusting" or even "charts" is, but when it comes to clarity and sharpness, TradeStation, AmiBroker and MultiCharts rank right up there at the top. Anyone can view this for themselves. So why do other trading applications continue to have graphics that make them look like they're a MS-DOS or Visual BASIC program?

    It goes without saying: use what you like that meets your needs.

    MachineGhost

     
    #177     Apr 19, 2008
  8. Gyles

    Gyles

    The language of TradersStudio, "TradersStudio basic" is an easy one and any one having the basic knowledge of Excel VBA can pick it up soon.

    Moreover, regarding CPTrader comments over the Trading Blox and TradersStudio with respect to the features and price, I do agree with them. This was the main reason as to why I chose TradersStudio over others.
     
    #178     Apr 20, 2008
  9. I have used Ninja Trader, CQG, TT, Tradestation, Think or Swim, Onyx 2, and others.

    Because of their piece of shit support, I would not wish Ninja Trader on my worst enemy.

    They would have to pay me a HHHHUUUUUGGGGGGEEE amount to use it. Never had worse support on any software.

    It cost me money on many many trades. I personally would avoid it at all cost.

    Some seem to like it. I personally had really really really bad experiences with it.


    NUTSNEAL
     
    #179     Apr 20, 2008
  10. I had read somewhere at the ET forums that Curtis Faith is no longer working with Trading Blox. There seemed to have been some dispute regarding the software or a case of a lawsuit. He seems to have been thrown out of his own company by them.

    Please comment.
     
    #180     Apr 22, 2008