My POV of ProRealTime and other cloud or web trading services
Someone via my contact form sent this:
Hello, i would like to know what you think about pro real time for a beginner? Much greetings …
To be honest, I don’t have an opinion on this. Why? You most likely will outgrow this pretty fast. You will hit many walls so I have not really explored these options including the cloud based ones. Why? I want to focus on my way of rapidly developing algo/trading strategies/etc via the powerful and very flexible Matlab ecosystem. I am not here to blab about that as you can read my blog many times over for my views. We have various demos of other platforms but after speaking to dozens of users, traders, developers etc, I came to the conclusion:
1. Most developers will always hit walls with limitations of scalability and limitation of their frameworks. I have spent properly wasted years looking at various languages and platforms. They are nice to start with but when you get serious…(I don’t want to mention names here anymore as I don’t want to make any further enemies I probably made over the years)
2. All the open sources with open frameworks are really either slow or open source crummy workflow development when you have outdated packages or buggy ones which really are not well supported. So why waste your time?
As for ProRealTime, I don’t know it but I went see that if flashes this Technical Analysis, I run. If you are using this trading analysis exclusive, you are no different than chasing stock opportunities from the past. Amateurs and sheeple do that which leads to that 90% of unprofitable day/retail traders. Again search this blog for the many reasons I post.
In summary, I am hoping to finish the ‘loop’ to finally get something deployed via my Matlab Simulink to C++ to live trading with a complete end to end system with full risk management, money management, risk, blah blah. This will all get posted for ELITE members only so you have been forwarned. It will take a while to accomplish but I do think this is the best methodology that I know despite all those lost years mentioned above.
Wish me luck and good luck with your choices.
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