Here is more on what Iâm looking to do:
What I want developed is not an ATS nor would it be handling customer orders. It is a stock screening service that uses pseudo code to return stocks that match a userâs criteria. A user can then take this filter and backtest it over whatever time frame they wish. They would also be able to optimize the backtest and then walk-forward optimize it. It brings together elements that in my experience are missing in a lot of software packages as a whole. There is a lot of packages that provide these features individually, but not in the manner in which I envision. There are other features I would like implemented, but these are the main ones. As for competitors, take a look at stockfetcher.com. They are a screening service with limited backtesting. What they offer is not enough to perform rugged testing of a strategy. There are other competitors, but they all pretty much offer the same thing to varying degrees. I am targeting this software mostly towards people who know enough about TA and strategy development who can appreciate the shortcomings of the competing websites. These users, like me, may not have a background in programming languages. The custom language I want is more like a collection of phrases that can be combined to form instruction that the software can understand but looks like normal language (as much as it can).
Also, the âskillsâ I was thinking of would be in areas I lack. For instance, an ideal partner would be able to contribute equity to the project, understand technical analysis and statistics, and is a programmer themselves. Itâs not my intention to get a partner to program the project themselves, but to help manage it.
As for open source, I would discuss it with the developer, but in essence I would be using open source OSs, MySQL, the statistical language R, etc. to get this project going. Not sure if I would have to release the code to public for that but needless to say I would take a different route if that were the case.
I have written many pages to get my ideas on paper and organized a bit but this project is still very much in its infancy. I have this vision I canât get out of my head and I need to see it though. I guess the first step for me is to get a firm quote from someone, and then be prepared to double as suggested. You continued ideas and suggestions is appreciated.
