New Trader in need of Automated Trading Software

Quote from j0b0123:

If you are completely new to automated trading and coding I would suggest starting with something simple to learn on vs getting software that can do everything but is very complicated.

Metastock, Tradestation, Esignal and Ami are a few that are relatively simple to get started with. I have personally used all but Ami and prefer TS as it has the most robustness - but these all have monthly fees unless you are doing a lot of trading.

There is a fairly strong learning curve when developing systems that will take some time to overcome. Anything you can do to keep costs at a minimum while learning the art is best. Any software you can outright purchase for a flat fee (reasonable) will likely save you some money in this phase.

Once you get the hang of it and have built a few decent things you will have a better idea of the software features needed to take it to the next level.

Just my 2c worth
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Multicharts is superior to Tradestation.
 
Anything new on that? ;) Just lost about 3 man weeks on stupid ninja trader issues and now seriously pissed on them (plus the fact that any backtest is just flaky like hell and any order book infrasturcture simply does not work during backtests).
 
I looked at ADL and it seemed nice (and not cheap) but TT is only for futures I believe, so don't bother if looking for equities
 
lol, your own fault. You could have easily saved your time by reading reviews on couple sites. For a beginner MultiCharts is not bad, for anything serious, you won't get around coding something on your own. Good luck!!!


Quote from NetTecture:

Anything new on that? ;) Just lost about 3 man weeks on stupid ninja trader issues and now seriously pissed on them (plus the fact that any backtest is just flaky like hell and any order book infrasturcture simply does not work during backtests).
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Just an update.
QS is really $%^&ing good.Its the best all around program I have used.
Unfortuantely I can not harness all it has to offer as I am not capable of programming in C# yet.
What I am really liking is the ability to acces various fundamental databases and incorporate that into the "technical" side.There is also a rules manager which is a great feature as well.

I have used Amibroker(excellent as well),AIQ(simply outdated) and StrataSearch(which is also a solid program).
 
If you want a really simple interface and easy language to backtest, try www.StockTesting.com

They use Javascript for the programming language, its completely web based, and super easy to use.

I dont think you can use options, but you can test futures and forex
 
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