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ratmpower

Coding for Investing

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Many people use proprietery language like EasyLanguage to develop automated trading strategy. I want to show you why this is not a very smart choice.

1. First of all, it is proprietery. If you change your trading platform, all that time you spent in learning the languages goes waste.

2. They are not flexible. Sure, you can write strategy like 'if the close is greater than the high of 1 day ago, then buy 100 shares at market". But what if you want to write strategy like, "If the company gets upgraded by two analysts, then buy 100 shares at market"? Its hard to do it with EasyLanguage.

3. Not the best use of your time. Why do you want to spend time learning another language that has very limited use? You cannot use EasyLanguage for anything else besides writing automated trades.

 

Instead, I recommend you to learn generic programming language like C#, C++, Java, Perl, PHP, Ruby etc. This offers you several advantages.

1. These languages are generic and you can migrate your strategy across platforms.

2. With generic language, you can also automate strategy like "If the company gets upgraded by two analysts, then buy 100 shares at market"

3. You can use these languages for other purposes in your life besides setting up automated trading.

 

As you are confortable developing strategy in generic programming language, all that is needed is a platform where you can send buy/sell orders from your program. If you want to buy/sell in a virtual environment, then http://www.strategyard.com/ is the perfect choice for you. It provides language-independent API for automating trades.

If you want to buy/sell with real broker, then go with Interactive Brokers. They offer language bindings for many of the generic languages.

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many people use proprietery language like easylanguage to develop automated trading strategy. I want to show you why this is not a very smart choice.

1. First of all, it is proprietery. If you change your trading platform, all that time you spent in learning the languages goes waste.

2. They are not flexible. Sure, you can write strategy like 'if the close is greater than the high of 1 day ago, then buy 100 shares at market". But what if you want to write strategy like, "if the company gets upgraded by two analysts, then buy 100 shares at market"? Its hard to do it with easylanguage.

3. Not the best use of your time. Why do you want to spend time learning another language that has very limited use? You cannot use easylanguage for anything else besides writing automated trades.

 

Instead, i recommend you to learn generic programming language like c#, c++, java, perl, php, ruby etc. This offers you several advantages.

1. These languages are generic and you can migrate your strategy across platforms.

2. With generic language, you can also automate strategy like "if the company gets upgraded by two analysts, then buy 100 shares at market"

3. You can use these languages for other purposes in your life besides setting up automated trading.

 

As you are confortable developing strategy in generic programming language, all that is needed is a platform where you can send buy/sell orders from your program. If you want to buy/sell in a virtual environment, then http://www.strategyard.com/ is the perfect choice for you. It provides language-independent api for automating trades.

If you want to buy/sell with real broker, then go with interactive brokers. They offer language bindings for many of the generic languages.

 

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