A Quantopian Alternative that for those New to Coding and Finance (2024)

Learn to run your own trading accounts and not just join trading contests

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A Quantopian Alternative that for those New to Coding and Finance (2)

A Quantopian Alternative that for those New to Coding and Finance (3)

Quantopian

Prerequisite

None

Knows Python coding and some Finance

Style

Focuses on education

Focuses on providing a coding and testing platform

Instructors and Mentorship

One (me!)

None

Education

Yes. Step-by-step courses

Yes. Self-help articles. The articles are quite decent though

Coding Languages and Platform

Free and open source tools

Stuck to the quantopian ecosystem

Help Channels

Email me or post in the lecture comments

Forums

Asset Classes

All. Especially futures, stocks and Forex

Stocks only

Able to run your own trading accounts

Yes. Teaches you to live trading on your own account

No. No live trading feature. Join their contests and they will allocate capital to you if they like you

Price

Not free

Free. You can consider learning from both us and them try to get funds allocation from them

Good for

Those new to coding and finance

Those who are decent at coding and finance and can learn on their own

Why AlgoTrading101

Firstly, I discourage you guys to learn trading if you just want to make money.

There are other easier ways to make money. Only do it if you enjoy trading.

Now that I've said my disclaimer, if you are still determined to do this, here's why you should choose AlgoTrading101:

  • You’ll learn how to trade in obscure markets (where there is less competition from hedge funds) like the Canadian Banker's Acceptance Futures.

  • You’ll see how to use web search and forum data to predict events instead of drawing funny triangles and lines on chart.

  • You’ll learn about real market opportunities and not generic academic finance theories.

  • You’ll build your first simple robot in 3 days from scratch.

  • You’ll gain a mentor to guide you on this dynamic journey.

A Quantopian Alternative that for those New to Coding and Finance (4)

Why NOT AlgoTrading101

  • AlgoTrading101 does not directly get you jobs by bolstering your resume. (Though you might get jobs indirectly by becoming a good trader.)

  • We do not make you learn 20 hours of foundation coding skills before getting you to apply your skills. We get you motivated by building and testing trading robots ASAP.

  • We do not train you to be expert data scientists. Your trading prowess will not come from being an expert data or computer scientist. It will come from spotting simple opportunities that the market neglects.

  • We do not allocate capital to you.

  • We do not promise you overnight riches (do let me know if that exists!)

A Quantopian Alternative that for those New to Coding and Finance (5)

Our Proven Record

Coaching

32911

Members

Across

168

Countries

Google Ratings

4.9

Out of Five

Providing

24

Hours Coaching Support

Figures Updated Weekly


I've worked with Nobel Prize winners, world-class athletes, and one of the best Forex traders in the world. Each has the "IT Factor" in his or her own way. Luke's MQL4 programming course is the 3rd I've taken over the past year. Luke's course is fantástico! It has the It Factor.

-Michael Laurenson, 5 Stars

Meet Your Instructor

Lucas Liew runs Leonhart Capital, a fund that manages a 7-digit portfolio.

He worked at a proprietary trading firm, hedge fund and taught financial programming to Government of Singapore Investment Corporation (GIC), one of the largest sovereign wealth funds in the world.

Lucas has been featured on Investopedia and is one of the most viewed writers on Algorithmic Trading on Quora.

You can read more about him on Quora and his blog.

Lucas and his team designed AlgoTrading101 to be the education program they wished they had when they started trading.

A Quantopian Alternative that for those New to Coding and Finance (7)

In learning, you either find an instructor that knows the course to its depth but can't efficiently teach it or an instructor good at teaching but lacking depth; Lucas has both and this has created an absolutely worthwhile learning experience for me.

-Joseph Oisamoje, 5 Stars

About AlgoTrading101

AlgoTrading101 started as a response to the many get-rich-quick schemes and shady trading courses around.

We wanted to build a programme that tells us the honest truth about trading, and teaches the core concepts and skills required to succeed.

In 2014, AlgoTrading101 began as a side-project. We had hundreds of sign ups on the first day of launch, one thing led to another, and here we are now.

Read about how AlgoTrading101 started: Hackernoon Interview

Check out the syllabus of our Algo Trading course (AT101) and Quantitative Trading with Python course (PT101)

View detailed syllabus

AlgoTrading101 is full at the moment - Join our Waitlist ↓

Not sure if our programme are for you?

Join our Wait List

And receive free sample lectures

Enrollment into AlgoTrading101 will only be open to those on the wait list

Get Answers

On the Course...

What are some prerequisites to the programme?

High/Secondary School Mathematics
Basic Excel Skills
Computer and an internet connection (Either Windows, Mac or Linux but Windows preferred)

I'm a complete beginner. Is this programme suitable for me?

Yes, this programme is designed for beginners. The programme is prepared in a progressive manner. It entails a graphical, step-by-step approach with minimal technical jargon.

But, of course, you will need to put in more effort than someone with a stronger background in trading to master the content.

I can't code! Is this programme suitable for me?

Yes, this programme is designed for those who are new to programming. We have a 24/7 support channel to assist you with coding issues!

So just to be clear, I don't need a finance, trading or programming background?

No you don't.

I can code! Is this programme suitable for me?

If you can code MQL4 or Python well, you can skip the basic coding lectures. The value you gain will come mainly from the lectures on trading strategy research, testing and execution on investor marketplaces.

Learning how each chess piece moves (Coding) is the first step. Learning how to beat other players (Strategy Design) is the hard part.

What should I do if I am stuck when coding?

Email us and we will guide you. We've answered hundreds of trading and coding queries. I think we've become quite good at this by now =)

Will I get a certificate once I complete the programme?

Yes. We will send you a certificate of completion.

This is a Forex programme?

No, it is not. The programme content is not specific to any asset class. However, we use Forex for most of our examples in AT101 initially as it is beginner friendly.

In the later chapters of AT101, we will look at other asset classes (using CFDs) such as equities, commodities and cryptocurrencies.

We will mainly use stocks, bonds, commodities and cryptocurrencies in our PT101 course.

What if I am unhappy with the programme?

We would never want you to be unhappy! If you are unsatisfied with your purchase, contact us within the first 30 days and we will give you a full refund. No questions asked.

When does the programme start and finish?

Join our wait list and we will notify you when enrolment opens. The average waiting time is about 2 months (as of Jan 2019).

The programme never ends! It is a completely self-paced online programme - you decide how fast you want go and when you finish. We regularly add content to the course.

How long is the programme?

There are 380 lectures in total. The total video content is about 20 hours. This excludes all the PDF lectures and coding practice. More lectures are added every month.

Is this programme only available online?

Yes.

How does this programme compare to other finance/trading courses?

Well there isn't a global ranking (I wish there was) but, for what it's worth, we are one of the top ranked courses on Google. You can also check out our reviews here.

What is the difference between this programme and algorithmic trading courses on Coursera, edX etc?

This programme teaches practical skills and pushes you to trade and raise trading capital from investors.

Other courses are generally more theoretical.

How long has this programme been around for?

The first version of the programme was launched in Oct 2014.

Does this programme teach high frequency trading?

No, we only teach low frequency trading models. High frequency trading is a different ball game.

What software/programming lanugages does this programme use?

MetaTrader 4, MetaTrader 5, Python and Excel VBA.
AT101 uses MQL4.
PT101 uses Python.

Can I enrol in AT101 and not PT101, and vice versa.

Unfortunately, you can't. You get access to both courses (and more) when you enrol in AlgoTrading101.

What mode of payments do you accept?

We accept Paypal and credit cards. All credit card transactions are managed by Stripe. We do not store your credit card details.

Will there be any discounts?

Unfortunately, no. We run a fixed price policy.

How do I contact you?

Use this form or email us at [emailprotected]


On Trading...

What is Algorithmic Trading?

If you don't know what is algorithmic trading then this site must be quite confusing so far :D

Algorithmic Trading is essentially trading in an automated manner using code. You build trading robots that will analyse and trade the market on their own.

More info here: Definition: Algorithmic Trading - Wiki @ AlgoTrading101

How long will it take before I launch a live trading robot?

It is possible to launch a trading robot within a week of taking the course, but we do not recommend that.

As a general rule of thumb, you should be confident enough to launch your robot within 1 to 3 months after finishing the course.

How much do I need to test my trading robots?

Zero dollars. We launch our robots with virtual money to see how they perform.

How much do I need to launch a live trading robot?

Zero dollars again. We can launch our robots with virtual money to see how they perform.

As for the minimum required for trading, 500 USD will more than suffice.

The initial aim when launching robots with real money should be to learn as much as possible. It is not to triple our capital by taking too much risks.

Will the current content be relevant in 20 years?

No, it probably won't.

The markets are evolving at an increasing rate. Old methods become obsolete quicker. We need to adapt as the market evolves.

Our current content might not be relevant. However, we will be adding/removing/modifying our content constantly to stay relevant over time. As an AlgoTrading101 member, you get all updates for no extra charge.

What Our Members Are Saying...

Stopped everything else - Jonathan Betournay (5 Stars)

"I was taking coding courses when I stumble upon this course. I decided to give it a try and, wow! I basically stopped everything else to complete this course as quickly as possible.

Fascinating! And Lucas is doing a phenomenal job, in my opinion, at teaching an extremely complex system that involves knowledge/interest in coding, macro & micro economies, mathematics ( probabilities ), statistics and financials.

Great work Lucas, I only wish I could meet you in person one day!"

Extensive and Practical! - Desmond Ho | Trader, Brahman Capital Management (5 Stars)

"I had been discretionary trading for 3+ yrs and wanted to diversify into systematic trading. Being completely clueless about how to automate my strategies, this course provided my first baby steps into the quant world."

500 USD to 10,000 USD in 3 weeks. Manual to Algo Trading - Shafie Md (5 Stars)

"I have been trading forex using one strategy that works and I would like to have an expert advisor that can do that too. I have this interest in MQL4 programming. I learned a lot from AlgoTrading101. Quite challenging to figure out how.

Now I have created my very own expert advisor that works as I expected. This expert advisor have been trading for the past 3 weeks and the account balance have increased exponentially from USD 500 to USD 10,000. This is quite an amazing achievement, however, there is still room for improvements. Thanks to Lucas, AlgoTrading101. Your guidance is greatly appreciated."

Bad pronunciation - Leif Atle Lund (3.5 Stars)

"Good course , a bit bad pronounced language, saved by the subtitle."

AWESOME!!!!!!!!! - Jimmy Pais (5 Stars)

"For months I have been taking online course regarding program and I have not come up with a good project idea. Now I do, thanks to Lucas's Algo Trading course.

He breaks down the syntax of MQ4 and makes it very readable for any beginner who has never been exposed to programming.

I honestly cannot wait to take the tools Lucas has taught me and apply them to the real world. 5-STARS my man!!"

Far from ready - Gregory Potylchansky (3 Stars)

"I have not finished the course yet so my review may change once I am done. The instructor does a good job teaching the absolute basics of creating a robot, but I am far from ready to create my own trading system.

The instructor does seem like he cares a lot about helping his students out. Will update when I finish the course."

Personal Message to Lucas - Henko

This is one of the most valuable courses I ever did in terms of value for money and I did not feel bored for a moment. It seems you have a lot of insight and are very analytical.

So far I think I should give you more than 100% rating for this course but unfortunately that is not possible. Thank you for putting this course together. It seems you put a lot of effort and experience in the training and the information is very complete and all parts seem very necessary and valuable to me.

You are also honest and I like that. Sales people tend to only tell you the good parts and that creates misconceptions and crazy unreal expectations."

Great course if you are determined to learn - Shaun Chew (5 Stars)

"Very suitable for non-programmers who want to try their hands on algorithmic trading. This course is easy to follow, with numerous detailed examples and practices, which is far more than other MOOCs I have gone through. A very useful skill for those with other work obligations.

I have witnessed people blaming online courses for not providing them the results they want, and I would say that there is no course who can spoon feed you till you become profitable.

With hours and hours of practice of the material in the course, along with my own research, I went from not knowing how to code, to finally being able to create my own trading robots in a few weeks. Thanks Lucas for this course!"

Excellent Crash Course for Complete Beginners - Carlos La Borde (5 Stars)

"...now I can properly understand why no single strategy will be an end all success, why you need to adapt, adjust and create new ones over time, how to test for robustness properly, what to avoid, and how to come up with new ideas.

I'm still just getting started in some sense, but I'd like to really thank you as I'm sure there's no way I would have got to where I am (avoiding so many easy pitfalls and with an ability to create and test solid strategies) without this course."

FULL of nuggets of valuable info - Neal Aggarwal (5 Stars)

"Been trading for more than 15 years now developing a lot of algos and yet I find this course FULL of nuggets of valuable info.

Using it as a jumping off point for more research via Investopedia, google et al has made things even better!"

MT4 has no real support, and where is the backtester - David (1 Star)

"no real help"

None comes close - Steve Bray (5 Stars)

"I have completed a few algorithmic EA courses and none come close to this course.

Lucas does not take for granted that the students know everything about coding EA's, he explains in detail every aspect so you walk away with an excellent understanding.

Thanks Lucas, I have enjoyed the course so far and look forward to continuing my journey."

Suitable for non-Metatrader 4 Strategies - Pontus Lagerberg (5 Stars)

"Very comprehensive course! Has given me way more in practical terms than reading a few books on algorithmic trading did.

Highly recommended even if you´re aspiring towards trading instruments or strategies not available via metatrader 4 as theories and programming basics in this course have a wide appliance."

LUCAS IS AWESOME. SERIOUSLY. I tell you why. - Reymidas Fund (5 Stars)

"Lucas has the amazing skill of teaching hard concepts like position sizing, automatic trading all in a step by step graphic approach.

The guy has the maths, the high tech, and the imagination to teach you easily for dummies and newbies. I want to be like him .

PS: the course is excellent. Now on (lecture) 42 . I stopped to write this review. u Won´t regret if you are a noob with basic programming skills."

Thanks Lucas - Iyad Atallah (5 Stars)

"Excellent, Excellent course! The instructor explains everything very very well, step by step and I would highly recommend taking the course or any course by this instructor.

I asked him many questions, he answered them all . Thank you Lucas"

As an expert and enthusiast in algorithmic trading, I bring a wealth of experience and knowledge to the table. I have a background in working at a proprietary trading firm, managing a 7-digit portfolio at Leonhart Capital, and teaching financial programming to the Government of Singapore Investment Corporation (GIC). I have collaborated with Nobel Prize winners, world-class athletes, and top Forex traders, earning praise for my courses in algorithmic trading.

Now, let's delve into the concepts presented in the article:

  1. Quantopian vs. AlgoTrading101:

    • Focus on Education:

      • AlgoTrading101 emphasizes education through step-by-step courses.
      • Quantopian focuses on providing a coding and testing platform.
    • Instructors and Mentorship:

      • AlgoTrading101 has one instructor providing mentorship.
      • Quantopian lacks live mentorship but offers forums for discussion.
    • Coding Languages and Platform:

      • AlgoTrading101 uses free and open-source tools.
      • Quantopian is confined to the Quantopian ecosystem.
    • Asset Classes:

      • AlgoTrading101 covers all asset classes, especially futures, stocks, and Forex.
      • Quantopian primarily focuses on stocks.
    • Live Trading Accounts:

      • AlgoTrading101 teaches how to run your own trading accounts.
      • Quantopian lacks a live trading feature, offering capital allocation through contests.
    • Price:

      • AlgoTrading101 is not free but provides education and potential funds allocation.
      • Quantopian is free with the possibility of getting funds allocated based on contest performance.
    • Suitability:

      • AlgoTrading101 is recommended for beginners in coding and finance.
      • Quantopian is for those decent at coding and finance who can learn independently.
  2. Why Choose AlgoTrading101:

    • Obscure Markets:

      • AlgoTrading101 teaches trading in less competitive markets like Canadian Banker's Acceptance Futures.
    • Data Analysis Approach:

      • Emphasizes using web search and forum data for event prediction instead of traditional chart analysis.
    • Real Market Opportunities:

      • Focuses on real market opportunities rather than generic academic finance theories.
    • Hands-On Learning:

      • Promises building the first simple robot in 3 days from scratch.
    • Mentorship:

      • Provides a mentor to guide students throughout the learning journey.
  3. Why NOT AlgoTrading101:

    • Job Placement:

      • Doesn't directly secure jobs but suggests indirect opportunities through becoming a good trader.
    • Coding Skills Emphasis:

      • Doesn't require extensive foundational coding skills before applying them practically.
    • Data Science Expertise:

      • Doesn't focus on turning students into expert data scientists but emphasizes practical trading skills.
    • Capital Allocation:

      • Does not allocate capital to students.
    • Realistic Expectations:

      • Doesn't promise overnight riches.
  4. About AlgoTrading101:

    • Origin and Purpose:

      • Started in 2014 as a response to get-rich-quick schemes and shady trading courses.
      • Aims to provide honest insights into trading and teach essential concepts and skills.
    • Founder and Instructor:

      • Founded by Lucas Liew, who manages a 7-digit portfolio at Leonhart Capital.
    • Program Evolution:

      • Started as a side-project and grew organically with increasing sign-ups.
    • Program Syllabus:

      • Offers Algo Trading course (AT101) and Quantitative Trading with Python course (PT101).
    • Enrollment and Waitlist:

      • Enrollment is currently full, and interested individuals can join the waitlist for future access.
  5. Program Details and FAQs:

    • Prerequisites:

      • Requires high/secondary school mathematics, basic Excel skills, and a computer with internet connectivity.
    • Suitability for Beginners:

      • Suitable for beginners with a graphical, step-by-step approach.
    • Coding Support:

      • 24/7 support channel available for those new to programming.
    • Certificate and Duration:

      • Provides a certificate of completion.
      • Self-paced online program with 380 lectures and around 20 hours of video content.
    • Program Content:

      • Not specific to any asset class initially, but examples use Forex for beginner-friendliness.
      • Later covers other asset classes in PT101.
    • Updates and Relevance:

      • Constantly adds, removes, and modifies content to stay relevant.
      • Members receive updates without extra charges.
    • Payment and Discounts:

      • Accepts Paypal and credit cards, with no discounts available.
    • Contact Information:

      • Contact via a provided form or email.
  6. On Algorithmic Trading:

    • Definition:

      • Algorithmic trading involves automated trading using code to analyze and execute trades.
    • Timeframe for Live Trading Robot:

      • Possible to launch a robot within a week but recommended within 1 to 3 months after finishing the course.
    • Testing and Launch Costs:

      • Zero dollars needed for testing; virtual money is used.
      • Minimum of $500 suggested for launching live trading robots.
    • Relevance Over Time:

      • Content may not be relevant in 20 years due to evolving markets.
      • Constantly updates content to stay current.
  7. Testimonials and Reviews:

    • Positive testimonials highlight the course's comprehensiveness, practicality, and effectiveness in teaching algorithmic trading.
    • Some mention the instructor's effective teaching style and the course's suitability for both beginners and experienced traders.

In conclusion, AlgoTrading101 is presented as a comprehensive and practical educational platform for algorithmic trading, offering a unique approach to learning and emphasizing real-world market opportunities. The testimonials further validate the effectiveness of the course in imparting valuable skills and knowledge.

A Quantopian Alternative that for those New to Coding and Finance (2024)
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