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Which Lowcode yet Sophisticated Trading Platform recommendation


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  #1 (permalink)
 alaghafx 
Riyadh, KSA
 
Experience: Intermediate
Platform: MetaTrader
Trading: Currency
Posts: 8 since Nov 2016
Thanks Given: 17
Thanks Received: 0

Which Platform would you recommend for making Automated trading rules that are sophisticated with minimum coding requirement

Is it NinjaTrader, SierraChart,,, or which?

To give you an example of the logic:
  • Using PSAR Indicator for Buy/Sell signal
  • Before Open with Signal
  • Calculate distance of SL based on PSAR High/Low
  • And Calculate position size based on Sl distance + defined Risk % of Equity
  • Then open with results position size and set SL
  • TP is auto 3x SL distance
This is the core logic, then some filters and condition can be added

Which Platform would allow building this with minimum coding?

Thank you,


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  #2 (permalink)
evanp90
Boca Raton FL
 
Posts: 4 since Mar 2020
Thanks Given: 1
Thanks Received: 1

You can use NinjaTrader with shark indicator’s “bloodhound” addon to create your entry exit signals. shark indicators also makes another NT add on to manage your trade/risk/position sizing that I’ve never used.


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  #3 (permalink)
 
numberjuani's Avatar
 numberjuani 
Agoura Hills, CA USA
 
Experience: Advanced
Platform: Tradestation&Multicharts
Broker: TradeStation
Trading: Futures & Equities
Posts: 128 since Apr 2019
Thanks Given: 9
Thanks Received: 102


I would go with Tradestation or multicharts



alaghafx View Post
Which Platform would you recommend for making Automated trading rules that are sophisticated with minimum coding requirement

Is it NinjaTrader, SierraChart,,, or which?

To give you an example of the logic:
  • Using PSAR Indicator for Buy/Sell signal
  • Before Open with Signal
  • Calculate distance of SL based on PSAR High/Low
  • And Calculate position size based on Sl distance + defined Risk % of Equity
  • Then open with results position size and set SL
  • TP is auto 3x SL distance
This is the core logic, then some filters and condition can be added

Which Platform would allow building this with minimum coding?

Thank you,


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  #4 (permalink)
 njh1618 
Provo, Utah
 
Experience: Advanced
Platform: TradeStation
Trading: NQ, YM, RTY, ES, US, CL, EC, JY
Posts: 5 since Mar 2020
Thanks Given: 1
Thanks Received: 5

I would also use TradeStation EasyLanguage.

I did see a Strategy Builder demo in NT8 that looks pretty functional as well.


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Last Updated on May 17, 2020


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