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So is anyone using this finance platform or regular Mathematica in their analysis...?
I just bought the regular version (1 gig download) and going to try and get real time input via DDE from metatrader. (this is how you get real-time to MS excel) I will give some feed back on this next week. Curious now that they have wavelets if there is something usable here for a retail guy. https://www.wolfram.com/mathematica/new-in-8/wavelet-analysis/
Wanted to see if anyone else has some input...
“Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.” - Dr. Seuss
I'm using both Mathematica and MATLAB for schoolwork (only sporadically since the end of last year, so I'm by no means very experienced), but I haven't used them much for trading purposes. I found Excel and R more suitable for my needs.
I like the syntax of Mathematica, and the visualizations are beautiful. I was also interested in its symbolic capabilities for options modelling, but I never got around to doing much with it. The time series package seemed decent enough. I've yet to try the "Finance Platform", which looks interesting, but I assume that it's relatively expensive.
I ended up learning to program instead, and I'm now working, albeit quite slowly, on my own application. As I'm after something very specific, but rather simplistic, it makes more sense to build it from scratch. I still intend to use any of the other tools for rapid prototyping.
On a different note, the new "SystemModeler" (MathModelica) looks very cool and I look forward to playing with it.
To be fair, Mathematica has had a (free) link to Bloomberg for years, and Mathematica is also compatible with RMDS.
I found MATLAB easier to use for trading-related analysis, and MathWorks have made numerous videos that help one get started quickly. The problem with MATLAB is that it is too expensive for most (?) on this board. While Mathematica discounts its product for hobbyists, MATLAB only has student/academic or commercial editions. This means that Mathematica will set one back $295, while MATLAB, with the appropriate toolboxes, costs at least $10 000.