RightEdge vs. QuantDeveloper

Mo,
I think they offer more than OpenTick, or at least their data provider list in the software shows more in the drop down. I talked with them and IB is not the only broker they're adding before release. They said that they're going to add support for GAIN (forex broker) and they just started working with Open E Cry and plan to add more.

Don't know about the FIX support. What would you use FIX for? Does that work w/ multiple brokers or something?

Quote from momoneythansens:

Just had a look at RightEdge, looks very promising, but pricey for what it currently offers: Broker execution only through Interactive Brokers. No FIX support. Prefers opentick for realtime data - still a lot of issues with this data provider AFAIK.

Definitely one to watch.
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Quote from droskill:

Not sure I agree on the QD guys - I've had good interactions and I'm definitely not an extremely experienced developer in this area.
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This is one time I'd be very happy to be wrong. Perhaps I dealt with a grumpy lacky or something. Anyway, as I said, I just want the best platform that can do everything I need.

Other than the true C# programmers, how long has it taken most of you to really learn how to use QuantDeveloper well? I was up and running with RE very quickly.
 
Quote from momoneythansens:

QuantDeveloper used to cost $600 a couple of years ago. So, by the time RightEdge has all of the features of QD, it will likely cost the same :D
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That's an excellent point! I guess then the question is, Does QD offer enough extra features to justify the extra cost? If not, is RE flexible enough to be programmed to do all that QD can? At the end of the day, I want the best platform--preferably together with the firm that will provide the best (i.e., timely and top-notch) consulting work.
 
Incidentially, I've been playing around with TradeSignals over the past few days. Very interesting software. My issues with it are as follows:

- A german company - you can't currently buy the software/service here in the US (I'm just using a trial). The other downside is support is, well, challenging. The online forum is german only, and the tech support staff seems to be around for very limited hours.

- No "run" button. Their software is designed to be constantly updating. This works well in many cases (scanning, etc.) but the software itself is very slow to update when you're running a system and making changes because it tries to update the system after each change. So, say you are trying to modify two parameters - you have to wait until it updates the portfolio for the first one before you change the second one.

- I find the interface a bit Mickey-mouse.

- No offline editing - you have to be online to use the service.

On the other side, it has a quite impressive feature set:

- Genetic tools (which neither QD or RE currently have.

- Good charting capabilities.

- Realtime data feeds via Reuters - so you can run the system in real-time.

In general it looks like an interesting package if they make some strides in setting up shop here in the US. It doesn't provide the flexibility of either QD or RE but would be good for someone just starting in system development.
 
I just wanted to write a short conclusion for anyone interested in this head-to-head comparison.

I have found RightEdge to be every bit as useable and robust as QuantDeveloper. And with RE (soon to be released) costing around 10% of QD, RE is the obvious choice here.

I was very seriously considering the source code deal from SmartQuant (source code for QuantDeveloper, DataCenter, and CATS) for $15,000, as I simply didn't know any better. Then my dealings with SmartQuant really turned me off to the company. I stand by my previous comments (with which a couple others disagreed) that the guys at SmartQuant are a real pain to deal with. They're incredibly slow to reply to emailed questions. And when they finally do get around to replying, they *never* reply to all the questions (even when emails contain a single, simple question). All this for a product that I was willing to pay $15k to procure. As I'll no doubt need the assistance of skilled programmers (preferably those who developed the software in the first place), I can't imagine going with a company that is so unhelpful when they're trying to make a sale. I can only imagine how unhelpful they'd be after getting my money.

Oh, and another thing about SmartQuant: Their message boards are full of porno ads and unanswered questions from customers and would-be customers. The point here is that they clearly have dropped the ball after creating a very nice piece of software.

I think RE will be what QD should have been.

That's just my two cents...take it for what it's worth.
 
While I agree that RE is very solid, it does not have the portfolio flexibility that QD currently has. I've trialed QD and am currently using RE Beta 3 and it's very good but still doesn't have the portfolio tools without me writing the majority of them. For the very serious programmer, you should have no issue doing this - it's just a bit beyond me - requiring master of C# that I don't have currently.

I've talked with the RE developers and they plan on working on it - so I'll continue to work with them on it. NeedforTrade is another I am currently working with. I'm also using Tradersstudio.

Let me know if you want to compare notes.
 
I'm presently using Wealth-Lab as an autotrading platform with IB. For the most part it is working well. However, support for non-Fidelity organizations can only get worse. Furthermore, there are other things that I would like to do with my auto-trading software. Faster optimizations would be very useful. These days, I think there is no reason to be using a proprietary scripting language. (However, I must say that the Wealth Lab script is very good, albeit slow). I would also like to trade with other brokers such as, Open E Cry who offer better margin rates and probably better service. For these reasons I've been looking at what else is available at present.

Foremost in my mind is that fact that the software should cost around $500-$600. I had a quick look at RightEdge, and it looks promising, but still in early development. I look forward to their first production issue in the next few months. At the present time. it looks like it does not provide optimization. Also, I didn't see that the charts are annotated with the buy/sell signals of a trading system that was run. Anyone have more info about this?

I've also looked at the Alyuda's Tradecision a little. It also features Neural Nets and Genetic Algorithms. However, they don't offer a evaluation version. (Some vendors get in their own way of selling their products). I'm also concerned that their user group doesn't appear very active.

I think that there is niche for an autotrading/backtesting platform where standard (compiled) computer languages are used in writing the system code, which offers access to autotrading with IB and some other more popular brokers.

Richard
 
Quote from Valdis:

Sure RE is the only choice since QD is not available for retails anylonger :D
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True?
Sorry to hear that - I actually had the idea of getting a version next year.
 
Quote from polr_trader:

I just wanted to write a short conclusion for anyone interested in this head-to-head comparison.
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Just be aware that under the hood, QD is significantly more sophisticated than RE. RE is a much more straightforward laser focused product.To make comparisons between the two doesn't really make much sense.

If RE meets your needs though, you don't need to worry about it!
 
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