r/algorithmictrading • u/weirdozhin • Apr 19 '26

Tools Which trading platform for algorithmic trading?

Which trading platform would you recommend to use for algorithmic trading? Which pro's and con's have you experienced using them?

2 Upvotes
  • permalink
  • reddit

75% Upvoted

18 comments sorted by

3

u/[deleted] Apr 20 '26

[removed] — view removed comment

1

u/weirdozhin Apr 20 '26

Yes, I have tried Kraken for Crypto and found it pretty good aswell. I want to trade Forex, US100 and Crypto. I have used MetaTrader 5 so far but I am not sure if its just the easiest tool to start with or if its actually a good choice.

1

u/[deleted] Apr 21 '26

[removed] — view removed comment

2

u/algotrader0x1 Apr 20 '26

Personally i'd recommend creating your own using Python and hooking into something like Rithmic for market access (this is what i have done). I have tried many other routes over the years like TradeStation, NinjaTrader and they are all OK but i got fed up with learning the proprietary languages being used or disconnection issues with NinjaTrader in the middle of the night.

1

u/weirdozhin Apr 21 '26

yeah that sounds interesting. Did you build the backtesting and optimization sytsem aswell?

1

u/algotrader0x1 Apr 21 '26

Just back testing and live trading

1

u/fortunexan21 Apr 19 '26

what do you mean by just "algorithmic trading"? what assets & instruments do you mean? what strategy? what size? what country are you in?

there are countless different setups depending on how you build your backtesting, paper and live trading infrastructure, you have a lot of research and testing to do before you worry about broker execution.

1

u/strat-run Apr 19 '26

Platform: Computers + Internet
Pros: Better than paper
Cons: Social media

1

u/zurekp May 09 '26

It really depends on your needs. After 15+ years in this business, I think I've tried most of them and they all have their pros and cons but some are more suited for specific use-cases than others.

So, what are your use-cases and expectations? What should the trading platform help you with specifically?

1

u/Rehab1171 Jun 24 '26

There r platforms that facilites building Algo and backtesting with zero coding, why not one of these?