Strategy design and backtesting

Discussion in 'Trading Software' started by cipherscribe, Dec 8, 2011.

  1. If you were an average coder, and were just starting to look for a platform to be able to design and test your strategies, which platform would you buy?

    The ones I can think of:

    Ninja Trader
    Tradingblox
    Amibroker
    Tradestation
    SmartQuant

    Any of these, or is there another that you would choose as your new backtester?

    I have one of these already, but I am thinking about changing due to the limitations.

    Cheers,

    Adrian
     
  2. NinjaTrader_Ray

    NinjaTrader_Ray ET Sponsor

    You don't have to buy NinjaTrader to do what you want, you can use it for free.
     
  3. you should look at tradelink

    free & better than all the junk you listed.
     
  4. In what way?
     
  5. Well for starters its free & open-source. Second its totally flexible in that you can use any type of data you want - just convert it into their format. Third, you can test any type of strategy because you write the parameters.

    There isn't a pretty GUI or anything but it does what you tell it to do.

    To be fair I haven't used any of the other things you mentioned but I'm fairly certain that anything you are going to pay a subscription for is going to be somewhat suspect.

    Where are you getting your data from? Do you need the subscription (or free tool) to provide the historical data? If that's the case then it changes things a bunch.
     
  6. Happy user of Tradestation 9.0, here.
     
  7. Mr_You

    Mr_You

    I'm using NinjaTrader, because its free, easy to use, and I've found free data available. Which means I'm getting started sooner than later in developing strategies.

    I have found issues with its backtesting (referred to as intrabar granularity problems), but as suggested, I've begun testing (backtesting and market replay) using a secondary time period (tick for me) for entries and, so far, I'm seeing more accurate results between the two. If the results are positive, I expect to being sim testing with a live data feed next month.