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brianpipps

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I'm looking to upgrade my trading software. I have been using DASTrader software for a few years. Overall, I have been very happy with the software. It is updated often and is very seldom down. It has Level 2 quotes and charts just like every day trading software. Its not really a bells and whistles software, so its missing some stuff like backtesting. However, it is very fast on the execution side. You can customize your own hotkeys, which is very helpful. It has a slightly different way of charting the DMI indicator which is great and I use all the time. There's an ESL trading component that can be applied and is very efficient. What are some of the other systems/software that people find effective?
 
brianpipps said:
I'm looking to upgrade my trading software. I have been using DASTrader software for a few years. Overall, I have been very happy with the software. It is updated often and is very seldom down. It has Level 2 quotes and charts just like every day trading software. Its not really a bells and whistles software, so its missing some stuff like backtesting. However, it is very fast on the execution side. You can customize your own hotkeys, which is very helpful. It has a slightly different way of charting the DMI indicator which is great and I use all the time. There's an ESL trading component that can be applied and is very efficient. What are some of the other systems/software that people find effective?
Click to expand...

PULSE from Paritech.
joea
 
Thanks for the feedback, I'm looking into them as we speak!! The other system I've heard good things about is Ninja Trader, has anyone any experience trading with them?
 
brianpipps said:
Thanks for the feedback, I'm looking into them as we speak!! The other system I've heard good things about is Ninja Trader, has anyone any experience trading with them?
Click to expand...
I believe Mistagear knows it; if he doesn't reply by himself, wake him up with an IM :)
 
Interesting to see the responses, thanks for your feedback. I thought I'd drop this into the mix. For those not familiar, QCollector is a front-end for managing downloads of bar/tick data from subscription data services (I used it for IQFeed). At $130 or so, it seemed like an annoying expenditure on top of the data feed expense.
I've found it to be extremely worthwhile as it's helped me get much more from my data feed. Extremely solid functionality to define ticker lists for various bar frequencies and then running huge downloads (either full or incremental) to CSV in whatever format you specify. I don't use the real-time download or the tick/quote download, but both seem to work equally robustly.

As for why you'd want to download data into CSVs, three reasons. First is that many charting/backtesting environments don't have great integration with streaming backfill feeds (such as IQFeed). All software can import CSVs easily so for me the two step of feed->CSV->software is faster and less error-prone.

Second, it makes much easier to maintain a cleansed and filtered set of your data which can be shared around multiple packages. Once you go to the trouble of cleaning and conditioning your data (and all data needs this) you want to have identical data across your various platforms without having to create scripts to dump into CSV. I personally use three main platforms, one for backtesting, one for deeper statistical routines, and one for autotrading. I like having a central repository for all cleansed data that can be accessed from anywhere.

Finally, I consider the data (especially after I've cleansed it) to be MY data (personal use, of course) and want to be able to keep, archive etc... the old historical data in a format that is future proof. For me, having QCollector has enabled me to maximize the monthly subscription fee by downloading and archiving lots and lots of bar/tick data that I may want to use in the future.
 
I had a good looka at Pulse over the weekend, found some pretty good feedback and it looks like the way forward. The ESL Software review was pretty glowing and I think this is a good intro:

PULSE provides user-friendly investment and trading analysis in one comprehensive solution. PULSE is a tried and tested technology developed by Paritech and currently used by approximately 500 Industry Professional Brokers and over 10,000 private day traders and investors. The PULSE platform provided exclusively by Paritech is a full featured, advanced platform with far greater analysis capabilities provided by any Online Broker or CFD provider.

Thank you for the replies and information.. :D
 
Hi Brian, I agree QCollector is a useful feature. QCollector Expert is a data collection tool for subscribers to the eSignal, QCharts and FutureSource ESL data feed services. QCollector Expert will download market price history data for any ticker symbol supported by your data feed subscription – stocks, futures, forex, etc. – and save the data to files on your own computer. Downloaded data can then be used in other trading programs for technical analysis, charting and scanning, or running and testing trading systems. With a high-end computer and high-speed internet connection QCollector can easily update 1000 data files in real-time. The upper limit will depend on your system configuration. Your eSignal account symbol limit will set the actual number of unique ticker symbols that can be accessed for updating data files in real-time. But you can update multiple data files based on the same ticker symbol and this will only count as one against your account symbol limit. For example, updating 1 minute, 5 minute, and 15 minute data series files based on ticker MSFT would only count as one ticker against your account symbol limit.
 
brianpipps said:
A quick question on Paritech Pulse, what data provider provides the best compatability with this? Cheers.
Click to expand...

This relates more to the data functionality, hope it's useful:

PULSE has full capabilities in sharing data with Microsoft Excel. This data sharing is performed using either Dynamic Data Exchange (DDE) or RealTimeData (RTD).

For versions of Excel prior to 2002, the DDE method is used to share data with PULSE. Microsoft Excel 2002 provides a new worksheet function that is named RealTimeData (RTD). RTD lets you call a Component Object Model (COM) Automation server within PULSE for retrieving data in real time

This capability of sharing data in real time between PULSE and Excel is very useful for users performing analysis/modelling within Excel. An example of this would be running advanced Portfolio Analysis using Excel statistical functionality. The user can retrieve in real time the last price of each company within the portfolio.

Over 50 fields are available from PULSE for DDE/RTD in Excel.

Not only single values are available. Full time series analysis can be performed. For example, the complete End-Of-Day history for a company can be brought into Excel. The prices for today in the spreadsheet will update in real time via DDE/RTD
 
tech/a said:
Tradeguider coupled with e.signal
IB workstation

Everything I need
Click to expand...

Hi tech/a

Does the fact that you are obviously highly skilled and experienced influence your choices as listed above or would you recommend that the same tools listed above are suitable for a beginning trader?
 
Jetson said:
Hi tech/a

Does the fact that you are obviously highly skilled and experienced influence your choices as listed above or would you recommend that the same tools listed above are suitable for a beginning trader?
Click to expand...

Good question
It's not the software that makes a difference.
Software is only a tool.
If your mechanically trading ( systems) you need something which is best suited for data analysis--- there are many.

If your a discretionary trader you can use anything.
I like traeguider as it has some features I like.
But I could use any R/T software.

If I had the time I'd trade very short term index futures in this sort of market.
If markets trend I'd prefer longer term position trading.
 
Thanks for the insight there tech/a.. I agree that it is very important when looking at trading systems / trading software, to really match the system to your approach. One of the aspects I'm hoping to get out of this thread is to see what systems people are using for what specific purpose or strategy, hopefully then allowing me to get an understanding of what will best suit my trading style. Cheers :cool:
 

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