Auto trading platform/tool for personal account for quant development
Sorry if this has been bought up before. I wonder whether I can get some suggestions on a good automated trading platform for a personal account? A personal account that is mainly for testing some ideas in the real market; so ideally the platform would enable a strategy backtest, implementation (doesn’t matter what language it’s in) with automated execution and of course the cost shouldn’t be too high for a personal account. Ideal markets would be equity and fx.
It’s ok if it’s a spread betting platform but most of spread betting tools are not automated.
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It depends on the instruments you’re going to trade. For fx you can start with Metatrader, however its backtesting has severe flaws, you can find a lot of information about it on relevant forums. Then Ninjatrader and Multicharts maybe as universal platforms — however you will need a demo account at a broker which is able to work with those platforms. Then you may want to have a look at Thinkorswim, although I must confess that I’ve never tried it seriously myself
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Try Fidelity’s Wealth Lab Pro.
Buena suerte, muchacho!
Vea mis resultados aqui: www.MyTechTrades.com
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For FX:
1. MT4 (however, the flaws Alex mentioned are no good if you’re heavy into back-testing and optimization) (language is MQL)
2. Strategy Trader – this is FXCM’s proprietary platform for auto-trading. Only FX at this point, but for back-testing and optimization, you’re hard-pressed to find another platform that does it as well as Strategy Trader. (language is C#)
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Tradestation.com I’m using it since May 2010 for automated futures trading. So far so good. Another solution to consider: Interactive brokers with Multicharts. MC is not free, while you can use TS for free.
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for anything requiring customized solutions, my preferred platform is NinjaTrader…what’s great is that it’s free for coding and back-testing complex (.NET) strategies with all the bells as whistles :
NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
