Quantitative trading refers to the use of mathematical models and algorithms to make trading decisions. This approach has become increasingly popular among retail traders and has led to the development of various free quantitative trading software. In this article, we will rank and discuss some of the best free quantitative trading platforms available.

What is quantitative trading software?

Quantitative trading software is a tool that automates the process of analyzing financial markets, identifying trading opportunities, and executing trades based on predefined rules and strategies. These software programs typically have built-in features for data analysis, backtesting, and live trading.

1. MetaTrader 4 (MT4)

MT4 is one of the most popular free quantitative trading platforms. It provides a user-friendly interface, advanced charting capabilities, and a wide range of technical indicators. Traders can create and backtest their own trading strategies using the built-in MetaQuotes Language (MQL) or use pre-designed expert advisors.

2. Quantopian

Quantopian is a cloud-based quantitative trading platform that allows users to develop, test, and execute trading strategies using Python. It provides access to a vast collection of historical and real-time financial data, as well as a community of quantitative finance enthusiasts who share their strategies and insights.

3. AmiBroker

AmiBroker is a powerful quantitative trading software that offers advanced charting, backtesting, and optimization capabilities. It supports a wide range of data sources and provides a built-in formula editor for developing custom trading strategies. AmiBroker also supports automated trading through its integration with broker APIs.

4. QuantConnect

QuantConnect is a free, open-source quantitative trading platform that allows users to design, test, and deploy trading algorithms in C#. It provides access to a comprehensive set of financial data and offers backtesting and live trading capabilities. QuantConnect also supports algorithm sharing and collaboration through its online community.

5. Zorro

Zorro is a free algorithmic trading platform that supports both manual and automated trading. It provides a scripting language for developing custom trading strategies and supports various data feeds and broker APIs. Zorro's backtesting and optimization tools help traders evaluate the performance of their strategies before deploying them in live trading.

Conclusion

These are just a few examples of the best free quantitative trading platforms available. Each platform has its own strengths and weaknesses, so it is important to consider your specific trading needs and preferences when choosing a platform. Whether you are a beginner or an experienced trader, using quantitative trading software can help automate and improve your trading strategies.

Remember to thoroughly test and validate any strategy before using it for live trading, and always stay up to date with the latest developments and trends in the quantitative trading field.