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Platform selection based on scripting


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Platform selection based on scripting

  #31 (permalink)
TraderNeo
piscataway NJ USA
 
Posts: 28 since Mar 2017
Thanks Given: 1
Thanks Received: 15

I use thinkorswim because scripting is very easy there.

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  #32 (permalink)
drftr
Amsterdam, The Netherlands
 
Posts: 29 since Jan 2021
Thanks Given: 18
Thanks Received: 14


TraderNeo View Post
I use thinkorswim because scripting is very easy there.

Got kicked out as a European wanting to trade US ETFs. Same for IB. Same for IB.uk. TradeStation seems to be able to get around EU rules. Possibly because it's originally a Japanese company - just guessing here.

drftr

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  #33 (permalink)
TraderNeo
piscataway NJ USA
 
Posts: 28 since Mar 2017
Thanks Given: 1
Thanks Received: 15



drftr View Post
Got kicked out as a European wanting to trade US ETFs. Same for IB. Same for IB.uk. TradeStation seems to be able to get around EU rules. Possibly because it's originally a Japanese company - just guessing here.

drftr


Ok , glad it works for you. Tradestation looks just like Thinkorswim. Perhaps some left TOS and joined Tradestation. TOS has its own quirks but because I am a new trader I like to keep it simpler.

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  #34 (permalink)
drftr
Amsterdam, The Netherlands
 
Posts: 29 since Jan 2021
Thanks Given: 18
Thanks Received: 14

My research seems to have come to an end but with a bit of a surprise. After finally being in email contact with QuantConnect and having reviewed most of the documentation I have to say it looks really promising. Well, it did from the onset because of the reviews I've read and their technical solution, but not being able to get into contact never is too promising (STILL a fail for TradeStation, AmiBroker, and Backtrader - go figure...).

Biggest pros:

1. Its primary development and trade tools are in the cloud which gives me a lot of freedom and also saves on costs (starter level is even free).

2. Development can also be done on any desktop for instance using Visual Studio.

3. One can use both C# and Python and both are fully integrated.

4. Historical data for backtesting and real-time data for live trading are free.

5. They seem to be able to scale up servers without a blink.

6. External sources can be used to be included in scripts, like scheduling reading tickers from a Dropbox file or so.

7. Depending on the subscription level there's database space allocated for personal use.

So far so good. In case anyone has actually used QuantConnect I'd be open for opinions!

drftr

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  #35 (permalink)
userque
Chicago IL
 
Posts: 180 since Apr 2016
Thanks Given: 573
Thanks Received: 130


drftr View Post
My research seems to have come to an end but with a bit of a surprise. After finally being in email contact with QuantConnect and having reviewed most of the documentation I have to say it looks really promising. Well, it did from the onset because of the reviews I've read and their technical solution, but not being able to get into contact never is too promising (STILL a fail for TradeStation, AmiBroker, and Backtrader - go figure...).

Biggest pros:

1. Its primary development and trade tools are in the cloud which gives me a lot of freedom and also saves on costs (starter level is even free).

2. Development can also be done on any desktop for instance using Visual Studio.

3. One can use both C# and Python and both are fully integrated.

4. Historical data for backtesting and real-time data for live trading are free.

5. They seem to be able to scale up servers without a blink.

6. External sources can be used to be included in scripts, like scheduling reading tickers from a Dropbox file or so.

7. Depending on the subscription level there's database space allocated for personal use.

So far so good. In case anyone has actually used QuantConnect I'd be open for opinions!

drftr

I'd just suggest researching what happened to Quantopian; as you don't want that happening to QuantConnect a month, a year, or five years from when you join.

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  #36 (permalink)
drftr
Amsterdam, The Netherlands
 
Posts: 29 since Jan 2021
Thanks Given: 18
Thanks Received: 14

Are you referring to the crowdsource part here? For sure I won't be in there but it could still start working against them over time. At least they seem to have different income streams which makes survival more likely. They absorbed a huge part of Quantopian's members which makes for a very decent community size-wise. Last but not least, anything developed in C# or Python can be used elsewhere should the proverbial SHTF. I think that's actually a big benefit over most of their competitors.

Your point is very well taken though and I will look into it in detail.

Tnx...

drftr

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  #37 (permalink)
userque
Chicago IL
 
Posts: 180 since Apr 2016
Thanks Given: 573
Thanks Received: 130


drftr View Post
Are you referring to the crowdsource part here? For sure I won't be in there but it could still start working against them over time. At least they seem to have different income streams which makes survival more likely. They absorbed a huge part of Quantopian's members which makes for a very decent community size-wise. Last but not least, anything developed in C# or Python can be used elsewhere should the proverbial SHTF. I think that's actually a big benefit over most of their competitors.

Your point is very well taken though and I will look into it in detail.

Tnx...

drftr

Sounds like a plan ...

Keep us posted!

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Last Updated on February 3, 2021


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