RightEdge vs. QuantDeveloper

Quote from Valdis:

Well, when you talk about customer support and how nice RE guys are, I remember old good days when we started QD (especially our first open source project ten years ago). A typical communication with a customer then looked like

- "You have a very promising product, we like your design and ideas but unfortunately it crashes every five minutes and does not offer basic A, B and C functionalities".

- "Dear customer, thank you very much for your good words about our nice product. Your opinion is very important for us. Right now we are working day and night to make our nice product robust and stable. Your suggestion about features A, B and C sounds very interesting and important to us. Thank you very much again. We will indeed implement all these features and more in the next release".

True love :) But the problem is that now we have a community of customers trading real money with our products. A typical communication with a customer looks more like "our broker yesterday upgraded API and it seems it has problems with QD. Please look into this since we will not be able to trade tomorrow". We get this message at 9.00 SPb time and we know that US session starts around 16:00 SPb time, so around 15:30 we reply "please download an update from your standard location, thank you". That's it... no publicity on the forums and no time left even to remove daily porno messages from the site :)
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I totally understand how the process of building a business works and how you sacrifice certain priorities for others. I also understand that a current customer with real trades on the line should receive priority over prospective customers. A simple email (even a canned one) stating exactly what you wrote above (i.e., Sorry, we can't reply to your email at this time because we're growing quickly and devoting all of our resources to current customers' trading needs...we will, however, reply shortly) would go a long way toward soothing the frustration of unanswered questions.

I think that WLD is in the enviable position of having a lot of their sales/support handled by their community. I can ask questions in their forums and receive responses virtually 24/7.
 
Quote from polr_trader:
I think that WLD is in the enviable position of having a lot of their sales/support handled by their community. I can ask questions in their forums and receive responses virtually 24/7.
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I'd love to try out WLD but being a US-based trader, their commission rate just doesn't work for me - $8 a trade is just too much - they need to get to per share trading to make it viable for me.
 
Quote from droskill:

I'd love to try out WLD but being a US-based trader, their commission rate just doesn't work for me - $8 a trade is just too much - they need to get to per share trading to make it viable for me.
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Droskill,

WLD isn't tied to any broker, so you can hook it up to any execution platform you want. Wealth-Lab Pro is the one given to US/Canadian (active trader) customers of Fidelity. I'm in the US as well, but getting around their requirements is easy. I've been playing around with the demo version, but I like WLD so much that I'll certainly purchase a copy. I'll just have a buddy in Europe (or Asia) buy it for me.

polr
 
Quote from droskill:

I'd love to try out WLD but being a US-based trader, their commission rate just doesn't work for me - $8 a trade is just too much - they need to get to per share trading to make it viable for me.
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When I spoke with Customer support,I informed them their commision structure was insanely expensive.I dont remember the exactnumber we whittled it down to,but i think it was close to .01 per share...

They are definetly negotiable
 
Hello,
I did download the Open Quant demo,and perhaps I am losing my mind,but were there no charting tools whatsoever???

I will say from a non programmers perspective,the task of programming in what you refer to as "retail" product was daunting to say the least....

I will never understand why someone doesnt come along and produce a product much like Trading Blox and charge $500-1000.When i think of the retail and the masses,I think Blox hit the nail on the head...conceptually.....
 
Although there are charting tools built into the application, OpenQuant is an ATS (Automated Trading Startegies) development platform.

Indeed ATS development requires some programming experience, but we hope that in the end it should help you to start "Trading Like a Hedge Fund". This is our mission - to provide retail community with advanced strategy development platform developed on top of solid institutional technology :)

You can program strategies in C# or VB.NET.

PS. It's quite possible that we will add "standard" charting tools as well as visual startegy development to OpenQuant in the near future.
 
Quote from taowave:

I will never understand why someone doesnt come along and produce a product much like Trading Blox and charge $500-1000.When i think of the retail and the masses,I think Blox hit the nail on the head...conceptually.....
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I don't really follow you logic. You have to program your strategies in TB unless you want to run a few pre-defined strategies.
 
As for charting tools in OpenQuant... what's wrong with this strategy chart

openquant_chart.jpg


or with this portfolio analysis chart

openquant_results.jpg


:confused:
 
Quote from OpenQuant:

I don't really follow you logic. You have to program your strategies in TB unless you want to run a few pre-defined strategies.
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I think you missed my point from a marketing/sales perspective,and I am giving you a "somewhat intelligent" beginning programmers perspective..

Let me first say that I really like your user interface and your charting/portfolio management charts.They are excellent..What i am trying to say to you is if you are appealing to the "retail" level, a programming wizard/builder would go a LONG way.. IMHO,Blox has the best in the business,and while some may argue it is limited,it is certainly a stepping stone to full blown programming....

I can appreciate full blown coding in C#,but that doesnt leave beginning/non programmers many options,and i think that is a point that should not be overlooked...If one chooses to do so,you will probably limit the target audience to programmers who can read C#,who have no need for a builder/ wizard.

Take it for what its worth....
 
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