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I'd like to find a platform where I can automate my trading strategy based on second-by-second price data. Etrade doesn't offer it. Tradestation only has one-minute bars.
It seems Multicharts is the only way to go? True/False?
I've been looking at Multicharts, it seems like it's a rather involved process to get it going: you have to subscribe to a data feed; you have to subscribe to a broker; you have to subscribe to Multicharts .... I started looking into data feeds and this single step doesn't seem straightforward - the couple I looked at talked about a lot of thing but I had trouble finding the offering of a simple "data feed" service.
Is there some fairly straightforward process that I'm missing? Can someone maybe recommend a "painless" set of vendors/products and steps that will get me up and running? I'd rather reserve the brainpower for coding and testing the trading method instead of this stuff...
Can you help answer these questions from other members on NexusFi?
Tradestation has 1 second bars (and other platforms, too), so Multicharts would not be your only option.
When it comes to a data provider and broker you will have to make your own research here to find the best combination for you. IQFeed offers a very good datafeed and Interactive Brokers might be the broker that is best integrated into Multicharts.
You may want to look into Sierra Chart as well, they have their own data feed which as far as I know is very reliable and SC is all based on C++ the ideal language if you are looking to ultra/super fast trading strategies, apart from that SC is know for being a very stable platform and offer a lot of customizable functionalities and features. And you do not need to know C++ for coding studies and strategies because there is minimal use of C++ and only the very elemental basics of C++, so if you already know how to code trading strategies on one platform you most likely to be fine.
I use TS for many years and I think it is good but there a lot of problems with and at this days they are sort of lagging behind others platforms. MC is slightly better is my opinion because it offers more features than TS but it is not perfect either, I own MC and I do experience some problems with it; And for certain things TS is better than MC, and for others things MC is better than TS IMO.
I use mainly TS and MC here as of today but if I was starting out today by knowing what I know now I would pick SC as my main platform.
Does Multicharts work well with the Jigsaw plugins? I have a lifetime license for MC but never used it due to difficulties with getting a data feed to work with it. Would a brokerage provided data feed work OK with Multicharts? Really wanting to buckle don and get into learning to read, interpret correctly, and use order flow.
Peter Davies, Founder of Jigsaw Trading, will be monitoring this thread so that he may answer any questions that you post here relating to Jigsaw Trading products and services.
Please keep in mind that some customer service/technical support issues …
or ask @DionysusToast directly. Multicharts works well with broker datafeeds in my opinion, but there might be some limitations by the datafeeds (for example how far you can backfill historical data) and therefore it can make sense to use a separate data provider, too.
