- Joined
- 9/13/04
- Messages
- 117
- Points
- 28
Max,
If the cheapest data is free, the vendor would be Opentick https://www.opentick.com/index.php?app=users&event=home but their data is spotty ....but it is cheap.
A cheap INTRADAY data vendor for retail is Esignal, Real-time, streaming quotes and analysis on the world's markets delivered to PCs, laptops, PDAs and smart phones
but there is less available on line then you might think. Tickdata is well known in the industry but expensive for fooling around http://www.tickdata.com/html/pricing1.html but if you are only going to trade the SP futures it is workable. Also you might opt of 1 minute or 5 minute bars instead for tick data as the management of the data becomes a job in itself.
KISS....... Keep It Simple Student!!!
We usually start development of a system using end of day (EOD) data. It is very cheap $25 -$35/month for equities and similar pricing for futures and options and EOD systems are less complex to run and maintain. Don't underestimate the pricing and complexity issue involved for high frequency trading. Once we have a positive expectation system that works as intended with EOD data, we do use intraday data to fine tune entries or exits, but the system must profitable first with EOD before looking at intraday data. It is not bad advise to consider as you can use leverage for excitement instead of complexity.
The Wealth-Lab Wealth-Lab Technical Analysis, Charting and Trading Systems product is what we have used successfully for futures but you might not have access to it since Fidelity bought out the US rights. Many people use Trade Station http://www.tradestation.com/default_2.shtm , and the latest product to hit the market is Right Edge http://www.rightedgesystems.com/ In terms of real time auto execution with IB, a retail product is OpenQuant, http://www.smartquant.com/products.php ,most of these products are priced at $500. RightEdge and OpenQuant are both .Net products so easy to program in C# while the older systems all have psuedo languages.
Given the existence of the Subotnick center, I have to believe you can download intraday and EOD data for free. I had taken the Bloomberg tutorials and I remember we downloaded data to excel and there were also tutorials on TradeStation's Easy Language. Most of the s/w products are easy to use if one is a programmer and I don't think there is a clear best product, but if the Lab still has TradeStation for free I'd use it. Maybe the FE dept or Subotnick can use the contest as an excuse to fund the purchase of the latest products (RE and OQ) for student use.
If the cheapest data is free, the vendor would be Opentick https://www.opentick.com/index.php?app=users&event=home but their data is spotty ....but it is cheap.
A cheap INTRADAY data vendor for retail is Esignal, Real-time, streaming quotes and analysis on the world's markets delivered to PCs, laptops, PDAs and smart phones
but there is less available on line then you might think. Tickdata is well known in the industry but expensive for fooling around http://www.tickdata.com/html/pricing1.html but if you are only going to trade the SP futures it is workable. Also you might opt of 1 minute or 5 minute bars instead for tick data as the management of the data becomes a job in itself.
KISS....... Keep It Simple Student!!!
We usually start development of a system using end of day (EOD) data. It is very cheap $25 -$35/month for equities and similar pricing for futures and options and EOD systems are less complex to run and maintain. Don't underestimate the pricing and complexity issue involved for high frequency trading. Once we have a positive expectation system that works as intended with EOD data, we do use intraday data to fine tune entries or exits, but the system must profitable first with EOD before looking at intraday data. It is not bad advise to consider as you can use leverage for excitement instead of complexity.
The Wealth-Lab Wealth-Lab Technical Analysis, Charting and Trading Systems product is what we have used successfully for futures but you might not have access to it since Fidelity bought out the US rights. Many people use Trade Station http://www.tradestation.com/default_2.shtm , and the latest product to hit the market is Right Edge http://www.rightedgesystems.com/ In terms of real time auto execution with IB, a retail product is OpenQuant, http://www.smartquant.com/products.php ,most of these products are priced at $500. RightEdge and OpenQuant are both .Net products so easy to program in C# while the older systems all have psuedo languages.
Given the existence of the Subotnick center, I have to believe you can download intraday and EOD data for free. I had taken the Bloomberg tutorials and I remember we downloaded data to excel and there were also tutorials on TradeStation's Easy Language. Most of the s/w products are easy to use if one is a programmer and I don't think there is a clear best product, but if the Lab still has TradeStation for free I'd use it. Maybe the FE dept or Subotnick can use the contest as an excuse to fund the purchase of the latest products (RE and OQ) for student use.
