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Hello,
could you help me with the following points?
- Is QC suitable for micro futures intraday breakout trading?
- What are the recommended compute nodes?
- Should I use a data feed from QC or IBKR?
Regards
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Mia Alissi
Hello,
Regarding micro futures intraday breakout trading, currently, QuantConnect does not support micro futures like MES for backtesting or live trading. This is due to the fact that these securities are not modeled in Lean, the engine that powers QuantConnect. All securities need to be added to the Symbol Properties Database, and futures need special modeling related to expiration and margin. You can follow the progress of this feature on this GitHub issue (source).
As for the recommended compute nodes, it depends on the complexity and requirements of your algorithm. QuantConnect provides a range of options, from 512MB RAM / 1 vCPU to 64GB RAM / 8 vCPU. You can choose the one that best fits your needs.
Regarding the data feed, you can use QuantConnect's data feed and skip the IB data costs. However, if you're doing tick backtesting, IB's 300ms ticks will be different. If you need tick data and IB isn't sufficient then you can subscribe to it on say IQFeed and run LEAN on your own servers (source).
I hope this helps! Let me know if you have any other questions.
Regards,
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 QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect 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. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
Jared Broad
Mia isn't completely correct here we have many micro contracts supported.
You should use the QC data feed, its excellent quality and free with the platform.
See more here.
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 QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect 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. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
Youki
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 QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect 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. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
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