8 trading and backtesting libraries in Python that will help you find your edge:

A Bloomberg Terminal costs $24,000 per year.

It's the portal to all the world's financial data.

Unaffordable for 99% of us.

Reserved for the Wall Street elite to outfox the normal investor.

Until now:

In case you're unfamiliar:

• Over 325,000 people use Bloomberg daily
• Used for market data, trading and research
• Launched in 1981 by billionaire Michael Bloomberg

It's a modern icon of financial markets.

So, how can you compete?

With OpenBB.

The OpenBB Terminal is a Python-based environment for investment research.

There are over 500 functions covering:

• ETFs
• Forex
• Stocks
• Crypto
• Options
• Portfolio
• Economy
• Mutual funds
• Econometrics

Strap on your seat belt.

Let's dive in:

Let's start by analyzing Tesla.

First, type *stocks* at the command prompt to show the menu.

These are all the sub menus you can explore to analyze stocks.

The menu items in grey are not available until you load stock data.

Let's load TSLA now.

Type *load TSLA*.

This will load TSLA price data (for free) and print out a performance summary.

Now we can start to analyze TSLA.

Algorithmic trading is the domain of secretive hedge funds.

Python has unlocked these secrets for everyone (even Goldman Sachs has an open source tool).

Use the same tools the professionals use.

Here's 5 tools to start automating your trading:

A Guide to Obtaining Time Series Datasets in Python

What you'll learn: Acquire, clean and analyze stock and economic data for free using

Analyzing Stock Events with Pandas

What you'll learn: How to analyze company events impact stock returns as a trading

Goldman Sachs' Open Source Quant Library: GS Quant

What you'll learn: How to accelerate development of quantitative trading strategies and risk management

Automated AI Based Trading System With Python

What you'll learn: How to create a fully automated AI based trading system for

My master's degree completely failed to teach me how to test trading strategies.

So I spent 40 hours looking for Python backtesting libraries.

Then I started using the best ones.

But unlike my quant finance degree, these won't cost you $90,000.

Here they are for free.

AutoTrader

AutoTrader is Python-based platform intended to help in the development, optimisation and deployment of automated trading

Zipline

From Quantopian (acquired by Robinhood) the first to democratize quant trading, comes Zipline. It's a robust, fully-featured backtesting library which features slippage models, robust data handing and rich

backtrader

backtrader features live data and trading, filters and multiple data feeds at

backtesting .py

backtesting .py features a simple well-documented API, fast execution and a library of built-in base

Myth:

You need a computer science degree to get started with Python.

Reality:

You need YouTube.

Get started with these 7 channels:

Anaconda Inc.

Anaconda is the world’s most popular Python data science platform. Videos directly from the folks that built

CodingEntreprenuers

Coding for Entrepreneurs is a programming series for non-technical

Enthought

Enthought has built AI solutions with science and engineering at the core. In addition to the company-developed content, it has tutorials specifically focused on the advancement of scientific

Michael Kennedy (Talk Python)

Videos, demos, and lectures about Python and web

RANI NAIKI DEVI AND THE BATTLE OF KASAHRADA

Mohammad Ghori, the young Ghurid Prince conquered Ghaznavids in Afghanistan in the year 1173 CE. He conducted some successful raids into the Indian territory, which even Mahmud Ghazni & the Persians couldn't do.

First&foremost,Ghori invaded states of Multan &Uch in India.After this he turned to southern states of Gujarat &Rajputana.Everybody knows this about Ghori,but what most pple r unaware of is the defeat he suffered at hands of Chalukyan Queen Naiki Devi in 1178 Battle of Kasahrada.

When he marched southwards, his first target was the prosperous fortified town of Anhilwara Patan.
It was the capital of Chalukyas(also known as Solankis of Gujarat) which was established by Vanraj of Chapotkata Dynasty in 8th century.

American historian Tertius Chandler states that it was the 10th largest city in the world at that time. The history of Chalukyas has been written by many historians, but the valour of the Great Queen Naiki Devi remains unsung.

Born to the Kadamba King Paramardin of Goa,Naiki Devi was well trained in sword fighting, horse riding, strategy & every other subject of Statesmanship. She was married to King Ajaypala of Gujarat who sat on throne in 1171CE. Unfortunately,the King died within 4 yrs of his rule.

Here is the detailed information of about strategy,

Entry time : 9.30 - 10
Exit : Upto you

Strategy :
Sell weekly ATM CE & PE at almost equal price
For ex : Sell Nifty 17250 CE at 50 and Nifty 17250 PE at 48 so it will become short straddle

Buy monthly ATM or near ATM CE & PE at matching price (5-10 points diff should be fine) as hedge
For ex : Buy Nifty 17250 CE at 150 and Nifty 17300 PE at 155 so it will become long straddle.

Weekly Short straddle + Monthly Long straddle

Adjustment:

• If you feel slightly bullish/bearish then no adjustment needed
• If Nifty moves 50 up or down and sustain then just simply roll up or down half of qnty and keep rest of the quantity. If market goes up or down further then roll up or down rest.

• If Nifty moves one side or about to breach BEP then add equal amount of lot. This can balance tested side. For ex: If I bought 17300 CE 4 lot as hedge then add 4 lot so you will have only one side risk . Note: Remember to keep SL at cost price (only for additional lot bought)

Capital requirement:
2.2 L for 4 lot
Adjustment requires additional capital upto 1L

Note : High risk high reward strategy, please don’t execute until you fully understand. Kindly do paper trading or backtest.
RR : 1:1
POP : 45-55%

How to Get Rich (without getting lucky):

Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy.

Understand that ethical wealth creation is possible. If you secretly despise wealth, it will elude you.

Ignore people playing status games. They gain status by attacking people playing wealth creation games.

You’re not going to get rich renting out your time. You must own equity - a piece of a business - to gain your financial freedom.

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