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Platform for true portfolio trading?
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Platform for true portfolio trading?

  #1 (permalink)
Elite Member
Seattle, WA
 
Futures Experience: Intermediate
Platform: MultiCharts
Broker/Data: IB/IQFeed
Favorite Futures: ES
 
Posts: 20 since Dec 2010
Thanks: 27 given, 7 received

Platform for true portfolio trading?

Hi all,

I'd like to test, and hopefully trade, a system that scans a portfolio of hundreds of symbols for certain setup and entry conditions before placing a trade. This wouldn't be practical for tick charts, but it might work on minute or daily charts.

I'm currently using MultiCharts, and it has a decent portfolio backtester, in which you can simulate testing of a large portfolio. However, it doesn't allow for actual portfolio-level trading in real-time -- it requires you to have a separate chart for each symbol being traded, which doesn't work well when you want to trade hundreds of symbols. This somewhat defeats the purpose of the portfolio backtester. This feature is supposedly on a to-do list for some point in the future.

MultiCharts: Trading Software for Automated Trading and Backtesting • View topic - Portfolio Trading

In the meantime, are there any good platforms that allow for trading a large number of symbols? It sounds like this can be done using TradeStation, using a macro feature. This wouldn't be bad, since I could re-use my MultiCharts scripts. However, it would lock me into using TradeStation as my broker (rather than IB).

Forums - Tried to change from Tradestation to MultiCharts but gave up

Are there any other trading platforms (e.g., SierraCharts or NinjaTrader) that allow for scanning a large portfolio of symbols, and then executing trades in real-time based on certain entry conditions? Thanks in advance.

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  #2 (permalink)
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  #3 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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Posts: 46,240 since Jun 2009
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With NinjaTrader you can scan and place orders on multiple instruments (without charts), but it will require some complex C# (NinjaScript) code and you'll likely spend a couple of years learning all the "tricks" required to make things work in Ninja.

It is probably better to create a signal generating script by other means, and then just code an interface to read/intercept the signals and place the orders.

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  #4 (permalink)
Membership Revoked
Oslo, Norway
 
Futures Experience: Advanced
Platform: CQG, Excel
Favorite Futures: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010
Thanks: 500 given, 1,235 received

To be honest, I doubt many on this board (myself included) has the means (and knowledge) necessary to do "true" portfolio trading.

But if you do, check out Portware, FlexTrade or Tethys. The new Bloomberg Tradebook Portfolio Algorithm is supposedly good. RTS offer good products...

Expect to pay for it, though...

If you're content with EOD, TradersStudio (uses EasyLanguage), Trading Blox, Mechanica and PowerST are good choices.

In short, there are a lot of companies capable of doing portfolio trading, but most are geared towards professional traders and are priced as such too...

A cheap alternative is to get familiar with Excel... Depending on your trade frequency and the level of sophistication of your system, of course...


Last edited by Lornz; July 9th, 2011 at 09:57 PM.
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  #5 (permalink)
Elite Member
UK
 
Futures Experience: None
Platform: -
 
Posts: 155 since Aug 2010
Thanks: 12 given, 74 received

check out AmiBroker - it's cheap (one of $300 price), very capable if you know what you're doing, and lightening quick.

Data from a whole host of providers including free EOD from yahoo or Google.

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