Deciding on a Backtesting and Trading Platform

Quote from Murray Ruggiero:

The current version of TradersStudio is working fine with Vista. There were some problems reported with Vista beta's but since the release of the first Vista service packs, everything has worked perfect.

I am using TradersStudio with Vista on two different machines currently one a Intel Duo and the other an AMD Quad core. I realized because a few people pointed out we did not update the web site relating to this issue. We took care of that and now have added Vista as a supported operating system.
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Thanks for the answer, :). It is good to see that your product moves along with the times.
 
As the best Trading System Developer at http://wl4.wealth-lab.com/cgi-bin/WealthLab.DLL/getpage?page=Top25APR.htm (look at rankings), I cannot fathom that no one has mentioned Wealth Lab. It's simple what you do. You build the strategy in Wealth Lab, and you take it to tradestation.

EOD is what WL is "yahoo, number 1 you're stupid for not using it if you want a daily system" platform .

Tradestation is where you go for real time implementation. I can run up to 1000 real time charts with strategies at once at that platform fully automated.

TS has no portfolio level backtesting capability and this renders it essentially useless for trading system development. The flip side is that it is a preferred platform for RT trading.

Wealth-Lab is where you go to write the strategy FIRST.
 
Have read so far, need to read again. Have got that there are traders who trade at end of day, or once a day, or full time (real time) traders. Now, I am in job, can the softwares discussed here be for both trading once a day or end of day or both?

Should I trade once or atr end of day? What should a software have?
 
Quote from Derrick1983:

Have read so far, need to read again. Have got that there are traders who trade at end of day, or once a day, or full time (real time) traders. Now, I am in job, can the softwares discussed here be for both trading once a day or end of day or both?

Should I trade once or atr end of day? What should a software have?
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Hi,
There's no reason why you can't, aside from it being tricky, apply intra-day meta-strategies strategies on top of an eod of system. In Tradestation it's called looking inside the bar. I haven't asked whether Tradersstudio would have that but I assume it would, or you could simulate it in code. That would, I expect but don't know, allow you to trade once per day rather than eod. In your case tough you'd need auto-execution to implemment that.

Of course, a package should have an intra-day capability to give maximum flexibility. However, I keep trying to get people to realize that core functionality is more important with a backtest platform than any one feature application like real-time data processing (though that is important). Why? Cos if it does the boring stuf right then it's more likely the rest will work well when implemented.

Also, limiting one's horizon's in the near term makes perfect sense when one stops to realize that we're only individuals with limited resources. So walking before trying to run also makes a lot of sense. Indeed, it is not a choice of intra-day or eod but rather ideally a combination of the two that may well work best.

Obviously, in your case and mine (we work) intra-day execution would require bullet proof auto-execution about which I'm really rather sceptical.


Thx
D
 
Quote from QQQShort:

What if someone in the U.S. is not a Fidelity customer?
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If you think you can do it in three months, they'll let you try it, but after 3 months that's it, because they'll expect 30 trades in that time or 10 per month.
 
Thanks fundjunkie for the reply, please may I ask more? Thanks! :)

Quote from fundjunkie:

Hi,
There's no reason why you can't, aside from it being tricky, apply intra-day meta-strategies strategies on top of an eod of system. In Tradestation it's called looking inside the bar. I haven't asked whether Tradersstudio would have that but I assume it would, or you could simulate it in code. That would, I expect but don't know, allow you to trade once per day rather than eod. In your case tough you'd need auto-execution to implemment that.
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So, that mean there are only two choices of software -> Tradestation or Tradersstudio? What do you mean by auto-execution? Can we not do all trading at one time by ourselves?


Quote from fundjunkie:

Of course, a package should have an intra-day capability to give maximum flexibility. However, I keep trying to get people to realize that core functionality is more important with a backtest platform than any one feature application like real-time data processing (though that is important). Why? Cos if it does the boring stuf right then it's more likely the rest will work well when implemented.
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Can I have some examples of back testing?


Quote from fundjunkie:

Also, limiting one's horizon's in the near term makes perfect sense when one stops to realize that we're only individuals with limited resources. So walking before trying to run also makes a lot of sense. Indeed, it is not a choice of intra-day or eod but rather ideally a combination of the two that may well work best.

Obviously, in your case and mine (we work) intra-day execution would require bullet proof auto-execution about which I'm really rather sceptical.
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So, should we trade short term, once a day or as "EOD"? Please explain "Indeed, it is not a choice of intra-day or eod but rather ideally a combination of the two that may well work best. Obviously, in your case and mine (we work) intra-day execution would require bullet proof auto-execution about which I'm really rather sceptical."

Thanks, fundjunkie.
 
Quote from Derrick1983:

Thanks fundjunkie for the reply, please may I ask more? Thanks! :)



So, that mean there are only two choices of software -> Tradestation or Tradersstudio? What do you mean by auto-execution? Can we not do all trading at one time by ourselves?
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No, you could use anything that can handle intra-day and eod data. that said, I generally encourage people to avoid Tradestation when they have a choice. It has too many limitations. If you browse this and other threads those limitations will become readily apparent. But hey, it might be right up your street.

By auto-execution I mean unattended triggering of position entries and closures. Part of the attraction of eod trading is you can do that manually. You couldn't do that in a "once during the day" model cos you wouldn't know when the entry might get triggered.

Quote from Derrick1983:



Can I have some examples of back testing?
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Not from me, I've not done any backtesting for quite a while. I'm in research mode and writing code. I use Tradersstudio and Murray ruggiero is often around here and should be able to address your query directly. he would be able to explain the "virtual backtester" too which would help with what I "think" you'd like to do. I don't want to explain it because although I'm aware of it I have not used it.

For your information, I believe a virtual backtester would help where you have a conventional eod system but oerlay a metastrategy that uses intra-day data. So there are three variations I've touched upon:

1) EOD
2) Once during the day (EOD style system with intra-day entry/exit)
2) EOD with intra-day meta-strategy overlay.

Quote from Derrick1983:


So, should we trade short term, once a day or as "EOD"? Please explain "Indeed, it is not a choice of intra-day or eod but rather ideally a combination of the two that may well work best. Obviously, in your case and mine (we work) intra-day execution would require bullet proof auto-execution about which I'm really rather sceptical."

Thanks, fundjunkie.
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Be aware that when I talk about intra-day execution I don't mean day trading but rather the capability to signal entries and exits intra-day with a system who's holding period might average one or two weeks. However, what i added to that is that ideally one would have systems traded in harmony modelling different market regimes and timeframes (including day trading systems) in order to find an overall more robust approach.


Thx
D
 
Murray - can you provide details on what virtual backtesting is? I'm a Tradersstudio user and I don't know what it is but I've heard it is interesting!

I'm a user of Amibroker and Tradersstudio - I think they're both great tools but are different - AB is great prototyping and TS for doing more detailed analysis.

Multichart I've never found compelling - and Tradestation is cool but too expensive. I really like Wealth-lab but their current software strategy is a loser since I'm US-based.

Another interesting one: Seer.
 
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