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Old 04-13-2011, 05:03 AM   #1

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Getting Started with Automated Trading, Some Questions

Hello,

I am interested in automated trading. I've been trading equities and fx for a little while with reasonable results and I believe it is now time to put some science into my "educated guesses"

I wanted to seek some advice from experimented traders having (or being in the process of) automated their trading.

1. data:

where to get between 5 to 10 years of historical intraday data on the cheap? (heard that it is possible to download data from IB using multicharts over time. great option if possible but a bit slow)

2. software:
I am keen on multicharts (easylanguage, can be pluged intoIB... I've just downlaoded their "lite" version that is for FX)

however:

how does it fare in terms of backtesting abilities?
is it possible to input the cost of brokerage and cost of leverage (easily) in a model ?
how difficult would it be to apply optimal f to strategies?
does it allow Zscore/ Pearson correlation coefficient and MAE/MFE analysis?

Where to find ready made strategies to see how they are built? (that would allow me to get started somewhere...)

Are there any better alternative to IB+multicharts? (not really keen on MT4, I have read countless posts on brokers backing MT for all the wrong reasons...)


Thank you for reading my post, looking forward to reading your answers!

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Old 04-26-2011, 07:37 PM   #2

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Re: Getting Started with Automated Trading, Some Questions

Hey Choubix, I know thinkorswim's Prodigio platform is pretty robust when it comes to setting up your automated strategy, that would be one to check out. There's also another firm out of Chicago called Tickit, they have a pretty solid platform as well.
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Old 04-26-2011, 10:28 PM   #3

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Re: Getting Started with Automated Trading, Some Questions

Here's a Market Data Feeds table from MultiCharts. IQFeed seems the best.

NinjaTrader and MultiCharts can't do want I need. I'm looking into NeoTicker right now and it looks like it might work for me. If not then I'll be using R (R+RStudio+IBrokers+iqfee d) or a combination of tools.
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Old 04-27-2011, 05:38 AM   #4

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Re: Getting Started with Automated Trading, Some Questions

For Forex I am trading through Zulutrade's platform. Many Signal Providers send worthy trades.
The thing is to find them out, cause not always the first in their ranking... are those who make the profits.
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