Can someone highlight the key differences and features of using Quantopian over say Metatrader or Ninja please?
Hi Man,
Thanks for the question. There are quite a few differences between them.
- Quantopian offers 11 years of 1-minute bar data and the backtester for free. No one else offers that much data, that high quality data, or a fully free backtester. Quantopian offers all three.
- Quantopian is browser based rather than desktop software. That means you can access it anywhere, including your phone, and you don't have to worry about compatibility updates. It also means faster software updates, faster bug fixes, and a product that can innovate quickly.
- Our community support and education are fantastic.
- Quantopian algorithms are written in Python. Python is an open language and very powerful. Python has some amazing data science libraries like numPy and pandas.
- Quantopian has the ability to integrate millions of data sources through our data Fetcher. As a cloud-based platform, we can harness the data in the cloud and the computing power.
I think that's a good start!
Dan
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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by Quantopian. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action as none of Quantopian nor any of its affiliates is undertaking to provide investment advice, act as an adviser to any plan or entity subject to the Employee Retirement Income Security Act of 1974, as amended, individual retirement account or individual retirement annuity, or give advice in a fiduciary capacity with respect to the materials presented herein. If you are an individual retirement or other investor, contact your financial advisor or other fiduciary unrelated to Quantopian about whether any given investment idea, strategy, product or service described herein may be appropriate for your circumstances. All investments involve risk, including loss of principal. Quantopian makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances.
@Dan,
What sort of data do you mean when you say "ability to integrate millions of data sources through our data Fetcher"? The 11 years of minute bar data?
Quantopian has the ability to import and use CSV-formatted time series data from the web. The import feature is called Fetcher, and is documented here. You can see an example of it being used here. That example pulls a dataset from Quandl, and Quandl alone has millions of datasets. If you browse through the community you'll see recent examples where Google Trends data and Wikipedia page view data were used. The 11 years of minute bar data is one datasource, and there are millions more that can be used.
Disclaimer
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by Quantopian. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action as none of Quantopian nor any of its affiliates is undertaking to provide investment advice, act as an adviser to any plan or entity subject to the Employee Retirement Income Security Act of 1974, as amended, individual retirement account or individual retirement annuity, or give advice in a fiduciary capacity with respect to the materials presented herein. If you are an individual retirement or other investor, contact your financial advisor or other fiduciary unrelated to Quantopian about whether any given investment idea, strategy, product or service described herein may be appropriate for your circumstances. All investments involve risk, including loss of principal. Quantopian makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances.
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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by Quantopian.
In addition, the material offers no opinion with respect to the suitability of any security or specific investment. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action as none of Quantopian nor any of its affiliates is undertaking to provide investment advice, act as an adviser to any plan or entity subject to the Employee Retirement Income Security Act of 1974, as amended, individual retirement account or individual retirement annuity, or give advice in a fiduciary capacity with respect to the materials presented herein. If you are an individual retirement or other investor, contact your financial advisor or other fiduciary unrelated to Quantopian about whether any given investment idea, strategy, product or service described herein may be appropriate for your circumstances. All investments involve risk, including loss of principal. Quantopian makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances.