snovik
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| Total Posts: 139 |
| Joined: Mar 2007 |
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I am sure there are zillions of tools but want to save time skipping the trial and error process and keep my OS cleaner. What would you recommend? Asset class: global equity and ETF. potentially some options but unlikely at the moment
1. free
2. linkable to free real time quote providers, e.g. google
3. some technical charting
4. notifications tools by email. might sound dumb for private trading but this volatility can wipe out anything.
5. ability to dig news providers (e.g. bloomberg, etc) by specific words. Google has such service but would be nice if it was incorporated.
6. and any other nice features I do not know. |
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wind
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| Total Posts: 2 |
| Joined: Apr 2009 |
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| I think R meets all your needs. |
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blts
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| Total Posts: 5 |
| Joined: May 2008 |
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Did you look at IB TradeWorkstation?
1) Free
2) IB quotes are one of the best you can get without plugging directly into the exchange feed.
2a) They also have historical quotes available.
3) Yes
4) No
5) No
6) Yes
Though 4 & 5 are no, I would still recommend IB b/c, imo, if you do news digging you are better off with your own, even rudimentary piece of software to tweak your alert filters.
PS. Unsolicited 2 cents - in my experience news notifications are always post factum. If you had any exposure to news, by the time you get the message - you will be already baked and served. |
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dgn2
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| Total Posts: 2076 |
| Joined: May 2004 |
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| I really like NinjaTrader but it is not free once you are trading through it. Depending on how you trade it might be overkill. It is free to try and use if you don't want to automate the trades. I combine NinjaTrader with an eSignal feed and it is fantastic for the price. |
...WARNING: I am an optimal f'er |
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snovik
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| Total Posts: 139 |
| Joined: Mar 2007 |
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| any opinons on thinkorswim? |
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Kutilya
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| Quote Machine |
| Total Posts: 1293 |
| Joined: Jun 2004 |
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>>I think R meets all your needs.
Wind could you elaborate what packages in R help you do all this.
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Splitting tens.
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There are also some open source projects you can find on the eclipse website. Furthermore there are numerous demos on how to pull in a.o. IB feeds.
Furthermore there is marketcetera, which is also open source. |
Too much hanky panky makes Fannie bleed |
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Thinkorswim is great for real time option analysis, but cannot be automated in any way but DDE -- you'd have to use its internal scanner which is not as extensive as the analytics... and forget automated trading.
R is really the only one i've read can think of that can be easily be expanded to include natural language processing like requested, but if you want to do that in addition to a bunch of other tasks you might want to run multiple instances..
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Kutilya,
http://cran.r-project.org/web/views/NaturalLanguageProcessing.html
the recently released IB bridge for trading
quantmod for accessing free historical data
plus of course all the other gazillion libraries for your analysis |
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briant57
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| Total Posts: 98 |
| Joined: Feb 2009 |
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Snovik,
I have been extremely satisfied with thinkorswim for my personal trading.
I have never had a problem with platform stability or connections, and besides that their trade desk is a phone call away and are very helpful.
They do lack on the automated front with only DDE capabilities, but you didn't mention needing that in your initial post.
The platform is user friendly, order entry for all instruments is on the same tab in the same format. Bracket and OCO orders are available, as well as the ability to save orders for future use.
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wind
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| Total Posts: 2 |
| Joined: Apr 2009 |
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curvefitter has made good introduction on R.
I will try to answer the snovik's question one by one.
1. free
Yes.
2. linkable to free real time quote providers, e.g. google
Yes.
There are several packages such as Quantmod could help you download free data from web. Since R is open-source, you could modify the code for any kind of data.
There is a package, IBrokers, could help you get data from IB.
3. some technical charting
Package Quantmod.
4. notifications tools by email. might sound dumb for private trading but this volatility can wipe out anything.
I have not done this kind of work via R. I guess there is no difficulty.
5. ability to dig news providers (e.g. bloomberg, etc) by specific words. Google has such service but would be nice if it was incorporated.
Lots of packages for professional data mining. I don't know there is any trading software could supply so many kinds of data mining tools.
Also packages for reading web pages or html, xml files.
6. and any other nice features I do not know.
Lots of latest statistical technologies.
The power and the shortcoming of R is its flexibility. Anyway, it's free and open-source.
I hope I have answered Kutilya's question since I am only a newbie for R. |
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Sorry to revise this thread, but I was wondering if anyone has tried marketcetera?
http://www.marketcetera.com |
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doobs
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| Total Posts: 838 |
| Joined: Jun 2005 |
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I'm looking for a validation tool for sensitivity analysis, valuation and hedging of several portfolios with mostly non-linear exchange traded instruments across different asset classes.
Is Marketcetera the right tool for this sort of analysis?
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IB with your own scripting seems like the best answer.
If you are comfortable scripting in Python, Alpaca seems very simple to use and has some free data. I don’t know anyone who has used it, so ymmv.
https://alpaca.markets/ |
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kalmar
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| Total Posts: 1 |
| Joined: Nov 2020 |
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| I like Zorro Trading. Very extensive manual. zorro-project.com |
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FWIW thinkorswim has a web api which is much easier to get up and running with vs IB.
Recently rolled out some stuff on ubuntu but it is cleanly cross platform. |
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