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Prodigio RTS by ThinkOrSwim
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Prodigio RTS by ThinkOrSwim

  #11 (permalink)
Go Bears!
Bay Area, CA - US
 
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Big Mike View Post
I'm currently working on a strategy in MultiCharts, using 2-years of tick data which has produced 1.6 million bars. It generated 95,000 trades and it is much more complex than an RSI OB/OS, and takes about 60 seconds to complete.

For daily bars it would take a split fraction of that time (approximately 700 bars vs 1.6 million).

If you meant optimization vs backtest, then it is hard to compare without knowing exactly how many parameters you were optimizing.

Mike

That's one heck of a difference Mike. My 550 stocks / ETF's was actually truncated to 500, an imposed limit, as is 1 year... Number of trades, was like 40 or so, lol. Just a simple test that I had set-up and saved from a year ago.

Glad to hear that MC did all that crunching in about 1 minute. All things considered, now after re-visiting Prodigio a year later, I'll be going with MC, from MCDT. 30 day trial next...

Sticking with TOS also as it just does so much, and so well. Works on a Mac too...

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  #12 (permalink)
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fishers indiana/hamilton
 
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Prodigio BT is slow on large lists currently as you have noted. I only trade a small list of high volume leveraged ETFs so it goes very fast for me. You can also pre-screen your list down to a much smaller size if you use TradeVision first then save the results to a list for the back tester to run. Trade vision can be used to find good daytrades just buy watching it. The new version lets you drop your rules into it so you can see where the conditions are met along with other settings you can quickly change on the fly.

During the day...TradeOptics prints the rule matches within 5sec of a match. The core data rate of the system is 5sec bars. The RTS auto trades happen that fast also. They are a lot faster than I can pull up the chart...look and then manually place and manage the trades. You can do some really fancy rules without any scripting knowledge.

It keeps getting better with each release and is quite usable now. The scripting programs are likely more powerful but certainly not as user friendly when you want to make quick changes or write and test another idea quickly.

Keep an eye on it over the next few months as it looks like they are really moving on the development side.

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  #13 (permalink)
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TonyB View Post
srgtroy, are you keeping-up with Prodigio?

I got pretty deep into it for several months about a year ago, and got frustrated when backtests often failed validation...

After chatting with a couple guys on TOS now, they said that it has improved quite a bit. Curious to hear your thoughts, or anyone else for that matter.

I haven't kept up with Prodigio, sorry. Got frustrated with incongruous backtest results at that time and moved on to learn scripting.

Know The Rules Well So You Can Break Them Effectively
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  #14 (permalink)
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Big Mike View Post
I'm currently working on a strategy in MultiCharts, using 2-years of tick data which has produced 1.6 million bars. It generated 95,000 trades and it is much more complex than an RSI OB/OS, and takes about 60 seconds to complete.

For daily bars it would take a split fraction of that time (approximately 700 bars vs 1.6 million).

If you meant optimization vs backtest, then it is hard to compare without knowing exactly how many parameters you were optimizing.

Mike

I have to agree that the backtesting isn't amazingly fast. I does help a lot if you run your backtest at night.

Glad to see some discussion on Prodigio here. I've been working on getting a strategy ready for live trading using it. It looks like it has some great potential, especially for swing trades and investments... I haven't tried to set up any of my day trading on there yet.

There is another place for hints tips and some code for Prodigio but I can't post a link at this time.

Mel


Last edited by ClimberMel; March 28th, 2012 at 02:16 PM.
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  #15 (permalink)
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Prodigio Moving Out On Its Own

Just a heads up for anyone that was curious about Prodigio but was not set up with TOS or TDA to be able to use it. TDA decided to no longer carry Prodigio as of the end of May this year. From what I understand, Prodigio was never owned by TOS or transfered to TDA when TDA purchased TOS. TOS had a contract for usage that apparently is running out at the end of this month.

ProdigioRTS is carrying on the product and it looks like they may roll out a business model similar to Ninja where it would be open to trade through many brokerages. You can get more information at Get Prodigio | Prodigio RTS

I'm not affiliated in any way with the company but have been a user for over 1 1/2 years. The product has been working well over the past few months and I have been trading both live and in papermoney on it for quite a while. I will post more information as it is released. No word yet as to expansion out of equity trading to other markets.

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  #16 (permalink)
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Thanks for the heads up. I recall in the couple of years before the acquisition of TOS by TDA, updates to the TOS platform was slow and performance lackluster in certain areas. The papermoney forex and futures trading was lagging by a few minutes and all I heard about updates in the mail or the support window was Prodigio this or Prodigio that. And the staff seemed to focus on Prodigio webinars and talk about Prodigio instead of fixing minor long standing complaints about the TOS platform.

Now after a couple of years since TDA took over TOS, there's been a great improvement in the TOS platform and continual updates and new features while it's the reverse news on Prodigio i.e. hardly hearing about it now. I tried a few tutorials but never really got into Prodigio and it was obviously a totally separate and different platform. I hope updates on automation via strategies & thinkscript in TOS continues.

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  #17 (permalink)
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Cloudy View Post
Thanks for the heads up. I recall in the couple of years before the acquisition of TOS by TDA, updates to the TOS platform was slow and performance lackluster in certain areas. The papermoney forex and futures trading was lagging by a few minutes and all I heard about updates in the mail or the support window was Prodigio this or Prodigio that. And the staff seemed to focus on Prodigio webinars and talk about Prodigio instead of fixing minor long standing complaints about the TOS platform.

Now after a couple of years since TDA took over TOS, there's been a great improvement in the TOS platform and continual updates and new features while it's the reverse news on Prodigio i.e. hardly hearing about it now. I tried a few tutorials but never really got into Prodigio and it was obviously a totally separate and different platform. I hope updates on automation via strategies & thinkscript in TOS continues.

From what I understand, TDA wants to put a lot more focus on thinkscript. They have the "thinkscript lounge" in the chat where a lot of people share information (call tech support and ask for it to be turned on in chat). I suspect you will see much greater functionality with thinkscript in the future.

That said...they will have a tough time matching the level of sophistication one gets with Prodigio and the ease of programming complex strategies. Prodigio eliminates the syntax problems and allows multiple time frame studies to be easily implemented.

It only needs a few more things like a way to capture your entry price and time for exit strategies and a way of managing the trade size separate for each strategy being run. Object-oriented programming is very easy to grasp for the person that does not want to learn a scripting language and Prodigio allows a much higher level of complexity than thinkscript does currently.

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  #18 (permalink)
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Important information about your Prodigio RTS platform and orders.

This came today in Email from TDAmeritrade:

Dear Prodigio Clients and Friends,

Important information about your Prodigio RTS platform and orders.

We would like to express our appreciation to you for your continued interest, support, and great assistance in helping shape Prodigio RTS into one of the best trader’s platforms.

We would like to take a moment to update you on changes taking place with Prodigio RTS at TD Ameritrade. We recognize, and are proud to know that many investors and traders like you have come to rely on Prodigio and its unique tools to monitor & scan the markets, spot potential opportunities, and build exciting trading strategies simply and quickly without any need of knowing how to script code. Our objective with Prodigio’s Wizard Lab is the powerful Drag-N-Drop-Point-N-Click technology allowing clients, investors and traders of every experience level to be just that, great traders, without having to become great developers. You can leave that to us…

Thinkorswim by TD Ameritrade will soon be discontinuing all Prodigio client support and education, including direct platform integrated trading & execution services upon the close of business on Thursday, May 31st, 2012. It is important to note that your existing Prodigio RTS orders will no longer be supported by TD Ameritrade. If you have any Prodigio working orders on your TDA or Prodigio rts platform, please take immediate steps to unwind any such working open orders to prepare for the drawdown. TDA would like to remind you that Prodigio rts orders will no longer be available or supported as of Saturday, June 2, 2012.

MPower Trading Systems is pleased to announce effective June 1, 2012, all Prodigio Clients and any new prospective client investor/ trader will be provided FREE direct access and utilization of the entire Prodigio platform in demo (paperTrading mode) via download at Get Prodigio | Prodigio RTS The firm's objective is to provide you and each interested client the very best technology experience available to meet all your analytic and trading requirements. We recognize that so many investors and traders rely on Prodigio RTS and its unique trading tools every day. Unfortunately, we cannot provide you detail today as to when or if "Live" trading execution services with thinkorswim by TD Ameritrade will resume following the May 31st termination date. Please know that the entire Prodigio RTS team is working very hard to establish a new business connection to support thinkorswim and TD Ameritrade Live trading accounts moving forward. Prodigio is expected to become available in the near future to another qualified online broker dealer by September 15, 2012 of this year. We truly apologize for any inconvenience this may be causing you. We appreciate your patience with this change and look forward to the opportunities it will present for bringing you even more features on the Prodigio RTS platform.

Please know that the firm and entire Prodigio team is 100% committed to you and making sure the exciting Prodigio technology remains available to you and every client upon request. Rest assured, Prodigio will continue to be made available to you!

IMPORTANT NOTE-Saving your Wizard Lab strategies and Rules before the upcoming Termination date.

As a Prodigio user, you may have created some great automated strategies or trade signals using Wizard Lab. We encourage users to back up these rules and strategies if they would like to retain them for continued use at a later date. Please note that MPower Trading Systems does NOT store copies of user’s rules or strategies on our servers. This information is on your local file system only, and you are responsible for saving this data if you would like to use it at a later date.

You can back up rules and strategies using the Export feature in the Wizard Lab tab. This creates a file on your local file system that contains the rule or strategy. Keep in mind that exporting a rule will contain the rule itself in addition to all rules nested within the rule. For example, if you have rules A and B, where B contains A inside the rule, when you export rule B the file will contain both rule A and rule B. The same applies for strategies. All strategy files will contain all rules inside them. Note that importing a rule or strategy will always import everything in the file; if a name collision occurs, the secondary rule or strategy will contain an index at the end of the name. In the example above, if you export both rule B and rule A, and import them both, you will have: “rule A", "rule B", and "rule A(1)". We recommend deleting duplicated rules if they are unnecessary.

Use the following steps to export rules or strategies:

Step #1: Launch Prodigio and click on the “WizardLab" tab.

Step #2: Export strategies first. Click on the tab "Step 2 - Strategy Builder".

(a) Click "Open" and select a strategy for export. Press "Ok".

(b) Click "Export" and select a directory to export the ".wiz" file to. We recommend keeping all strategies in a separate folder named "strategies". Click "Save".

(c) Repeat for each strategy you want to back up. All rules used by the strategy are contained in these ".wiz" files, so you don't have to export the rules they use.

Step #3: Export any rules not used by the strategies you've exported. Click on the tab "Step 1 - Rule Builder".

(a) Click "Open" and select a rule for export. Press "Ok".

(b) Click "Export" and to select a directory to export the ".wiz" file to. We recommend keeping all rules in a separate folder named "rules". Click "Save".

(c) Repeat for each rule you want to back up. All nested rules used by each rule are contained in these ".wiz" files, so you don't have to export the nested rules they use. The rules and strategies are now saved on your computer to be imported into Prodigio.

Step #4: When the Prodigio platform is available on May 31st at Get Prodigio | Prodigio RTS, you may then begin to import your Wizard Lab strategies into your Prodigio platform.

(a) To import a strategy, click on the tab "Step 2 - Strategy Builder", press "Import", select the ".wiz" file under the "strategies" folder, and press "Open".

(b) To import a rule, click on the tab "Step 1 - Rule Builder", press "Import", select the ".wiz" file under the "rules" folder, and press "Open".

We appreciate your patience with this change and look forward to the opportunities it will present for bringing you even more features on your Prodigio rts platform.

Again, we truly appreciate your continued interest, support and patience during this migration-conversion period. Please let us know if we can be of any further assistance or answer any questions about our technology or services. Our Support email is support@prodigiorts.com.

Thank you and we wish you continued trading success.

Enjoy.......

Nil per os
-NJAMC [Generic Programmer]

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  #19 (permalink)
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I read it twice and still don't follow. They sold it?

Mike

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  #20 (permalink)
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Big Mike View Post
I read it twice and still don't follow. They sold it?

Mike

Not really sure myself, they don't seem to want to discuss the issue. But @Sabine's understand seems to jive with this message that TD didn't purchase this technology when they bot TOS.

Nil per os
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