developing an automated trading system

What is the best software for use for trading and back testing an "automated" hourly system? ideas, books, web sites, brokers to use? Thanks in advance.

What is the best software for use for trading and back testing an "automated" hourly system? ideas, books, web sites, brokers to use?


Thanks in advance.

I only know the only one i have ever used. Investor RT. www.linnsoft.com. Not affliated but the reason i like it is i cannot code in TradeStation
style code (dont even know what to call it) but i can code in the "languange" Investor RT uses. I would at least take a look. You can create
a lot of custom indicators there which is another thing i like which i think may set it off from other programs.

Edited by StillLearnin, 18 March 2011 - 08:15 AM.

Try Wilmott site, Quants have a range of things there. Be careful, I have one that I developed and documented; seems to work, but I am not able to say why. It is a "black box" in the full meaning of the term. When will it turn on me? Islander.

Rent "Watson"....

It largely depends on your programming skills/experience. The vast majority of your development time will be spent learning how to write code (assuming you have little code writing background). For this reason, I suggest a platform where there already exists a large library of programs from which you can more quickly put together the required pieces for your studies. I would imagine TradeStation would be at the top of the list (although they would become your Broker----unless that has changed recently). If you trade Forex, the MT4 platform has a very large size of available code to get you started.

One may paper trade a trading-system.

One may use tight stops or buy at the money puts.






click on indicators and see buy/sell signals!

http://barchart.com/performance/stocks/$INX

http://www.wealth-la...q6U 2dpXx5R0Vs=


http://www.wealth-la...CREM2/yJCogOVzI

Edited by vitaminm, 18 March 2011 - 10:27 AM.