which systems would you consider the best for automated systems creation

[dazed101]

Hi, I want to try to create an automated trading system, which program do you think is the best for doing so? is it metaquotes? any other good ones?

 

[Directional]

you could start by looking at SmartQuant, TradeStation, NeoTicker or WealthLab

 

[TWI]

I have used Tradestation for a long time and I think I am still using it because i am used to it, I doubt I would use it if I started now as the customer support is rubbish, the data often has issues and the promised updates never arrive on time. The biggest mistake TS made was to take away the functionality to allow easy use of 3rd party data providers because they are certainly not up to the job themselves.

 

[taowave]

I have used Tradestation for a long time and I think I am still using it because i am used to it, I doubt I would use it if I started now as the customer support is rubbish, the data often has issues and the promised updates never arrive on time. The biggest mistake TS made was to take away the functionality to allow easy use of 3rd party data providers because they are certainly not up to the job themselves.

why dont you look at Traders Studio software...I believe it reads Tradestation Code ..

 

[TWI]

I will have a look, thanks. I was investigating a product by tssupport.com that does similar thing also.

 

[tech_trader]

Matlab is the place to go. It requires more work than TradeStation and others, but you can do just about anything you want.

 

[TWI]

I have matlab and a link to TS that allows me to implement Matlab systems on TS. Problem is that it is not in any way intuitive, actually it is a nightmare to get started on. One day I may have to employ a geek to do it.

 

[mstrathern]

If you find MatLab difficult can I recommend MathCad (http://www.ptc.com/products/mathcad/) which if you understand mathematical notation is a real dream. I always tell people I've recommended it to that it's rather like using an awkward word processor, and as such it's also self documenting.

 

[Hittfeld]

If you find MatLab difficult can I recommend MathCad (Mathcad - Engineering Calculation Software - PTC) which if you understand mathematical notation is a real dream. I always tell people I've recommended it to that it's rather like using an awkward word processor, and as such it's also self documenting.

Mathcad may be a nice math and computing environment, but how build an automatic trade system with it? Don`t think its possible. Or are there any toolboxes/modules??

Regards

Hittfeld

 

[Hittfeld]

you could start by looking at SmartQuant, TradeStation, NeoTicker or WealthLab

And don`t forget Amibroker.

But as this is in the forex department -- Metatrader4 with its plethora of available ready made EAs might be a shorter route.

Regards

Hittfeld

 

[mstrathern]

Mathcad may be a nice math and computing environment, but how build an automatic trade system with it? Don`t think its possible. Or are there any toolboxes/modules??
Hittfeld

There are a number of ways to use MathCad to automate or semi-automate trading. I am a long term trader so I don't need an instant response to tick data and I usually automatically read EOD and fundamental data from an external file I've generated from Sharescope. However I have used it to fully automate analysis with excel. MathCad can be directly linked to excel and carry out all the complex data analysis with excel handling the data loading etc.

MathCad also has a downloadable free module to inteface with ODBC for Access and Oracle but I've never used this.