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Excel Trading for Traders and Brokers?
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Excel Trading for Traders and Brokers?

  #1 (permalink)
Trading Apprentice
Delhi, Delhi/India
 
Futures Experience: Beginner
Platform: TradeStation
Favorite Futures: Forex
 
Posts: 23 since Nov 2011
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Excel Trading for Traders and Brokers?

Some brokers and firms are using an Excel Trading Spreadsheet to enter orders and manage trades. Is it useful for both traders and brokers or only for broker?

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  #2 (permalink)
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  #3 (permalink)
Elite Member
Berlin, Europe
 
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Platform: NinjaTrader, MultiCharts
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Daniel25 View Post
Some brokers and firms are using an Excel Trading Spreadsheet to enter orders and manage trades. Is it useful for both traders and brokers or only for broker?

Excel sheets are used for manual order entry. It is certainly not useful for the broker, as manual entries have two disadvantages. They are error prone and labour intensive.

For a broker it is easier to let the customer directly enter the orders via the interface of a broker supplied software.

The only advantage that I see with using Excel sheet, is that it makes it easier to evaluate your trade performance. But then I would try to use an appropriate trading and charting software for trade execution and later export the trades to Excel for analysis.

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  #4 (permalink)
Administrator: Retired Backtester
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Rennes France
 
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sam028's Avatar
 
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Check the Interactive Brokers API, they have an Excel worksheet full of macros where you can do everything.
More details here.

Success requires no deodorant! (Sun Tzu)
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  #5 (permalink)
Membership Revoked
Oslo, Norway
 
Futures Experience: Advanced
Platform: CQG, Excel
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Excel is probably the most widely used tool in the financial world, often to the dismay of programmers. It's really easy to use, and with VBA one can do a lot. Alternatively one can write add-ins in C/C++ or use something like Excel-DNA for .NET programming. I only started learning to program this year, so I am definitely not the guy to ask about that!

I use Excel as a quote board, but also for basic real-time and historical analysis. There are lots of people using it for automated trading. I should note, however, that I have moved most of my analysis to MATLAB. The goal is to create a custom application next year.

There are so many resources on the web; search and ye shall find.

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  #6 (permalink)
Trading Apprentice
Delhi, Delhi/India
 
Futures Experience: Beginner
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Favorite Futures: Forex
 
Posts: 23 since Nov 2011
Thanks: 2 given, 1 received

Thanks to all members who replied here and assist me.

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  #7 (permalink)
Market Wizard
Boca Raton
 
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You can trade excel via R-Trader pro as well:


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Matt

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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