OpenQuant or Neoticker - Platforms and Indicators | futures io social day trading
futures io futures trading


OpenQuant or Neoticker
Updated: Views / Replies:10,701 / 29
Created: by nlhaines Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

OpenQuant or Neoticker

  #1 (permalink)
Just starting out...
Red Hook, NY
 
Futures Experience: Beginner
Platform: Not sure yet
 
Posts: 20 since Sep 2010
Thanks: 27 given, 3 received

OpenQuant or Neoticker

I'm looking to buy a piece of software for testing and developing some trading systems as well as testing some manual trading techniques.

I have looked at many pieces of software and I think OpenQuant and Neoticker are probably the best 2 for my needs. I really like OpenQuant's event-driven model but they don't seem to offer much for non-automated traders and I'm a little concerned that their support might be a problem even though I have a good amount of programming experience.

Neoticker looks extremely powerful, and I think it will be able to provide me with everything I am looking for, but the learning curve seems to be pretty steep and I'm not familiar with delphi or all that excited about learning a proprietary language (like Formula)

At this point I'm considering either using OpenQuant in concert with another piece of software for the non-automated stuff I want to try (perhaps I will spring for the eSignal feed and use that platform) or just going with NeoTicker and taking a few months to get a firm handle on how to use it.

Any thoughts on this, or suggestions for other pieces of software would be helpful.

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Washington DC
 
Futures Experience: Intermediate
Platform: NinjaTrader
 
Posts: 214 since Jun 2009
Thanks: 110 given, 115 received



nlhaines View Post
I'm looking to buy a piece of software for testing and developing some trading systems as well as testing some manual trading techniques.

I have looked at many pieces of software and I think OpenQuant and Neoticker are probably the best 2 for my needs. I really like OpenQuant's event-driven model but they don't seem to offer much for non-automated traders and I'm a little concerned that their support might be a problem even though I have a good amount of programming experience.

Neoticker looks extremely powerful, and I think it will be able to provide me with everything I am looking for, but the learning curve seems to be pretty steep and I'm not familiar with delphi or all that excited about learning a proprietary language (like Formula)

At this point I'm considering either using OpenQuant in concert with another piece of software for the non-automated stuff I want to try (perhaps I will spring for the eSignal feed and use that platform) or just going with NeoTicker and taking a few months to get a firm handle on how to use it.

Any thoughts on this, or suggestions for other pieces of software would be helpful.

I have used Neoticker in the past and liked it a lot. Yes there is a learning curve. The Formula language wasn't that bad to learn. Also I found their support to be excellent.

Pete

Reply With Quote
 
  #4 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,599 received
Forum Reputation: Legendary


nlhaines View Post
I'm looking to buy a piece of software for testing and developing some trading systems as well as testing some manual trading techniques.

I have looked at many pieces of software and I think OpenQuant and Neoticker are probably the best 2 for my needs. I really like OpenQuant's event-driven model but they don't seem to offer much for non-automated traders and I'm a little concerned that their support might be a problem even though I have a good amount of programming experience.

Neoticker looks extremely powerful, and I think it will be able to provide me with everything I am looking for, but the learning curve seems to be pretty steep and I'm not familiar with delphi or all that excited about learning a proprietary language (like Formula)

At this point I'm considering either using OpenQuant in concert with another piece of software for the non-automated stuff I want to try (perhaps I will spring for the eSignal feed and use that platform) or just going with NeoTicker and taking a few months to get a firm handle on how to use it.

Any thoughts on this, or suggestions for other pieces of software would be helpful.


Which are the reasons that you excluded AmiBroker, MultiCharts, TradeStation, Wealth-Lab and NinjaTrader?

Reply With Quote
 
  #5 (permalink)
Just starting out...
Red Hook, NY
 
Futures Experience: Beginner
Platform: Not sure yet
 
Posts: 20 since Sep 2010
Thanks: 27 given, 3 received


Fat Tails View Post
Which are the reasons that you excluded AmiBroker, MultiCharts, TradeStation, Wealth-Lab and NinjaTrader?

Good question. I haven't excluded them completely and I would still consider them if anyone has any compelling reasons for me to go with one of them. Here are my reasons (other than I tend to dislike proprietary programming languages):

Amibroker - Little support for automated trading, but I like the price and speed and would consider using it in concert with another piece of software.

Multicharts - I didn't see it getting too many endorsements, and nothing about it struck me as exceptional.

Tradestation - I don't want to be locked into using them as a broker, and otherwise its expensive.

Wealth-Lab - I actually haven't looked into this one, but I will check it out now.

NinjaTrader - It doesn't seem all that customizable to me and I read that it can be slow. It struck me as something not geared toward programmers but instead tailored to traders that can program a bit.


I find myself a bit overwhelmed by all the options, so I may have jumped to some conclusions in narrowing my search. Please feel free to disagree with me or advocate any platform you may think would suit my needs.

Reply With Quote
 
  #6 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,599 received
Forum Reputation: Legendary

It really depends what you want to do with it.

In the past most of the users of this forum were focussing on NinjaTrader. Some have switched to MultiCharts.
In the end each product has its strengths and weaknesses.

NinjaTrader is excellent for order execution and charting, but there are some weaknesses such as backtesting and reliability. Could autotrade, but I would feel safe.

MultiCharts seems to be very stable, further more has the huge advantage that it can read EasyLanguage and all strategies that have been developped for tradestation during the last 15 years. Does not offer a DOM for order execution.

Amibroker is known for its excellent backtesting performance, but there are few users of AmiBroker on this forum.

Neoticker and WealthLab have few followers here. I have tried Neoticker once, but without really going into details. It did not make it onto my short list.

Reply With Quote
The following 2 users say Thank You to Fat Tails for this post:
 
  #7 (permalink)
Elite Member
Italy - Roma
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: IB
Favorite Futures: Index futures
 
jagui's Avatar
 
Posts: 195 since Jul 2010
Thanks: 248 given, 278 received

In theory Ninja is the most complete of the group, but in practice I found it cannot be trusted for automatic trading.

I've used Amibroker, OpenQuant and WealthLab.

For pure automatic trading OpenQuant would be my choice, because it uses a standard programming language, it is well and clean designed, and gives me that feeling of "order" I like very much when programming.

I found WealthLab a bit annoying, I didn't like it at all, but this is personal.

Ami is very fast and good if only it had more brokers choice and some modern features it would rocks.

You may also want to consider RightEdge. It is, as OpenQuant, a new generation software.

Reply With Quote
The following user says Thank You to jagui for this post:
 
  #8 (permalink)
Just starting out...
Red Hook, NY
 
Futures Experience: Beginner
Platform: Not sure yet
 
Posts: 20 since Sep 2010
Thanks: 27 given, 3 received

Fat Tails: Thanks for the help. I really would love to know what you didn't like about NeoTicker, I understand if you don't want to elaborate.

OpenQuant looks great, but the thing holding me back from trying it is that I'd still need to find a platform for charting and executing/managing non-automatic trades. Also the supposed lack of support is a bit of a concern. I don't want to put down a bunch of money for it and be left in the dark if I'm having issues with my data feed. I love that it allows strategies to work within a metastrategy, and I can't find this anywhere else, so that makes it hard for me to go with something else.

I think I should explain more about what I am looking for:

A good development platform that uses a real programming language (preferably). Learning a proprietary language isn't a problem at all, but I feel like the proprietary languages won't give me full control, but perhaps this bias is unjustified. More than anything I just want strategy development to be unconstrained. OpenQuant seems to be the best in this regard.

Solid backtesting and optimization. I haven't looked too much at how this is implemented in each, but Multicharts seems pretty awesome in this regard.

The software must be stable enough to automate trading strategies and run fairly well without me tending to it. I probably won't leave it completely unattended for long periods of time, but I would like to be able to leave for an hour or two without worrying about it.

I just want adequate support, nothing amazing, but I don't think I could put down $1000 on software with close to nonexistant support.

I would like to have some nice charting features. Most of these packages seem to have adequate charting for my purposes. Perhaps I could just use the free version of Ninjatrader to handle this for me. I basically just want to be able to use my own indicators, have a few drawing tools, be able to set up alerts, etc.

I would like to be able to manage discretionary trades with this software so I can get away from using IB's TWS.

I would like the software to be able to scan for chart patterns (either out of the box or programmed in).

Thanks for the help so far by all that have contributed to this thread. I will now start looking into RightEdge.

Reply With Quote
 
  #9 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,217 received

I would hands down recommend MultiCharts, but that is based on my experience. You can search and find I did a quick comparison of Neoticker, and I uninstalled it after a week, MultiCharts was just superior.

As for more info on Neoticker, try asking @aslan, I believe he has a good amount of experience with it and can probably provide more info good or bad about it.

BTW, MultiCharts will have a DOM and chart trader very soon (have seen it).

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
 
  #10 (permalink)
Elite Member
Italy - Roma
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: IB
Favorite Futures: Index futures
 
jagui's Avatar
 
Posts: 195 since Jul 2010
Thanks: 248 given, 278 received


I can't wait for multicharts with dom and chart trader.
I trade discretionary, but I like to create and test systems, and I want to use only one platform.
Yesterday I tested a new idea with ninja, and the results were just plain wrong, I couldn't believe how the system tester messed up about 50% of the stop losses.

SierraChart is also a solid platform with everything included, but it looks like a thing of the past.

Reply With Quote
The following user says Thank You to jagui for this post:

Reply



futures io > > > OpenQuant or Neoticker

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
[Neoticker]     Neoticker charting, NinjaTrader orders Big Mike Platforms and Indicators 34 July 7th, 2016 09:46 PM
NeoTicker permanent license for sale sunvalley Off-Topic 3 March 29th, 2015 12:27 PM


All times are GMT -4. The time now is 05:15 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-11 in 0.15 seconds with 19 queries on phoenix via your IP 54.226.132.197