How to overcome limits of retail trading software to develop trading ideas fast for profit

(Last Updated On: July 18, 2014)

How to overcome limits of retail trading software to develop trading ideas fast for profit

Questions

Hi Bryan, thanks again for the webinar you held last night, it was very interesting. 

 

I wish I started to learn math for building Algo since the beginning of my journey. I would have saved much time.

 

During the chat I had with LondonQuant I mentioned the need to build an approach. What I meant by approach was a basic sequence of logical steps in order to validate trading ideas.

 

I found very interesting one of the book published from Emilio Tomasini & Urban Jaeckle titled: “Trading Sytems / A new approach”

 

Since I started coding with Mt4 I thought that I could replicate the same process, but I was wrong:

 

– Memory limit for files over 4Gb (I cannot test more than 2-3 years data with tick data)
– Walk Forward Analysis tool missing 

– Parameter space optimizer missing
– Monte Carlo Simulator missing

– Portfolio testing missing

 

For poor average John it becomes difficult to deal with all these issues without spending a fortune on proprietary platform. On the top of that you still do not know what you should with that software.

At this point I amwondering if the wiser choice I  can take would be to sign up to a university to study Finance and forget about trading for the coming years. 

I look forward to hearing from you.

I address all these in my video below

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About caustic

Hi i there My name is Bryan Downing. I am part of a company called QuantLabs.Net This is specifically a company with a high profile blog about technology, trading, financial, investment, quant, etc. It posts things on how to do job interviews with large companies like Morgan Stanley, Bloomberg, Citibank, and IBM. It also posts different unique tips and tricks on Java, C++, or C programming. It posts about different techniques in learning about Matlab and building models or strategies. There is a lot here if you are into venturing into the financial world like quant or technical analysis. It also discusses the future generation of trading and programming Specialties: C++, Java, C#, Matlab, quant, models, strategies, technical analysis, linux, windows P.S. I have been known to be the worst typist. Do not be offended by it as I like to bang stuff out and put priorty of what I do over typing. Maybe one day I can get a full time copy editor to help out. Do note I prefer videos as they are much easier to produce so check out my many video at youtube.com/quantlabs