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I have heard a good news about Mathematica and thus I interested in Wolfram Finance platform. Per my inquiry the platform costs about 10K EUR for annual license and its needs about 2K+ data fee. Can someone confirm if there is possibility to use a cheaper license and on what grounds can we request hat license?(Mainly for FX market)
At the end, how much this program is useful for creating and developing strategies and analyzing the RoI of invested capital under that scheme? Will it calculate VaR etc? And how much its useful overall depending to lowest available fully featured license for application and data feeds costs?(Mainly for FX market)
Insightful professional advanced response very welcome here. Feel free to talk like top leading edge technology researcher and we will contribute.
Also please advise how this can be compared to MATLAB based analysis of financial markets? (Mainly FX)
I am currently using Mathematica for other reasons and I am paying 22USD per month, I use the online platform which is a lot cheaper than buying or renting the desktop version. Apparently their finance platform is a completely separate product. I have been looking around and there is not much material to understand what can actually be done through the platform.
That is in itself is a bad signal for me because if it's not much advertised, I guess there will be few choices to integrate the platform with brokers.
Sorry that I don't have any info on the finance platform.
@SBtrader82, not sure if you've heard of this. You can get a free copy of Mathematica by purchasing a RPi and installing raspbian. I have a Pi4 and have Mathematica v12 on it. With the case and all the fixins it was a little over $100.
Edit: install xrdp on the pi and you can remote desktop to it. That's what I do.
Thanks. The thing that concerns me is, if the platform of Wolfram Finance worth its fee, and will it give me a better analysis approach than previously developed applications. While my concerns are if a platform like Metastock can be the same as useful as this Wolfram Finance or not?
The bad aspect of Metastock is its paid plugins and indicators and systems, while everything costs hundreds to thousands to purchase(if you pay for a well-developed plug, indicator, system product) will it worth the money? Also, the cost of purchasing the platform and monthly data feeds ix an extra charge over it.
Comparing to MT4 that 99% of items written for it are publicly available.
Also, there will be a learning curve and time that spend on learning how to develop your ideas into code in Wolfram Finance, but I don't know will if it worth it? This is the second cost after the platform's cost and its data feeds cost.
I always look to find the best of the best technical analysis platform and I couldn't find it yet? Technical analysis platforms do you use?
Thanks. What is special about R-Pi? There is slimline portable mini-PC and lightweight laptops that can do much better in mobile computing. If you don't mind, may I ask what do you exactly implement this R-Pi for?
