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Best platform for automated trading?


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Best platform for automated trading?

  #1 (permalink)
 humseper 
copenhagen
 
Experience: Beginner
Platform: ninjatrader
Trading: ES
Posts: 89 since Jun 2013
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Hi

I would like to get started at automated trading and I am looking for a good platform to start up with.

I don't know how to code, but I am willing to learn it. I saw that Bigmike recommended MultiCharts a few years ago, but is this still the best available option, or should I choose another platform?

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  #3 (permalink)
 ABCTG   is a Vendor
 
Posts: 2,431 since Apr 2013
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humseper,

I believe this question has been answered here before. After all in my opinion the is no best platform, but there might be the best platform for you. Your needs and requirements should dictate the decision and not the other way around. You should trial the major platforms and see for yourself which suits you best, after all this is only what matters.

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ABCTG

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  #4 (permalink)
shanemcdonald28
new york
 
Posts: 355 since Mar 2012
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If you do not know how to code, then Multicharts might be best since it comes with many autotrade signals that you can experiment with. Also, by reading all of the code of these signals, it can provide a great way to familiarize yourself with the basics of coding for autotrading.

Multicharts comes with dozens of strategies that were built over the years by Tradestation users and developers.

Ninjatrader is great if you have ideas and you would like to experiment with implementing your own ideas. They have a strategy wizard which helps you build basic code and is an excellent tool for learning.

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  #5 (permalink)
 
sands's Avatar
 sands 
London + UK
 
Experience: Advanced
Platform: Proprietary Analytics
Broker: Multiple broker + Multiple feed
Trading: Currently European and US equities
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I'd echo what's been said, personally I'm not a big fan of automated trading. However the best advise I can tender is that you get stuck in and try a few systems and see which works and feels intuitive to you and your needs. Good luck!

Thanks,

Sands.

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  #6 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,493 since Sep 2010
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like many will say, there is no "best" but there is a more practical language and platform for your needs. I would research which programming language is more suitable for your method. For example, I have found that simple conditions are better implemented in one language versus other programming languages that that could accommodate more complex set of conditions.

I happen to love automation, and congratulate you on even the willingness to put forward the effort to learn it.
Above all, as you gain perspective from a wide variety of opinions, do your due diligence about those who really trade.
They will add a different perspective about automation that can make a world of difference in your performance.

Matt

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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Last Updated on June 12, 2014


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