Embarking on your QuantConnect journey? Great choice! Here, we’ll walk you through the easy steps to get started. From signing up to live trading, we’ve got you covered.
Step 1: Landing on QuantConnect
Firstly, make your way to the QuantConnect website.
Visit the website here: https://www.quantconnect.com/ and click the Create Free Account button:
Step 2: Set Up Your Free Account
Next, it’s time to set up your free account. You have options! Use your email, or sign in with Google, GitHub, or Facebook. If you pick email, just fill in your details, and click “Sign Up”.
Step 3: Your First Project
Once signed up, you’ll land on the dashboard. Here, look for the ‘Create Your First Project‘ link and click it. Your first algorithm awaits!
Step 4: Test the Waters with Backtesting
Now, with your first algorithm ready, let’s see how it fares in the past. Click ‘Backtest’ to compare its performance with historical data. Just hit the ‘Play’ button to start.
Step 5: Review and Refine
Post backtesting, you’ll see results and performance metrics. With a practical script, you’d review these metrics, tweak your algorithm, and repeat backtesting until you’re happy with the outcome.
Step 6: Ready for Live Trading
When your algorithm shines in backtesting, it’s ready for live trading! QuantConnect also supports paper trading, letting you test your script in the wild without risking real money.
Step 7: Explore Different Strategies
In our Scripts section, you’ll find diverse strategies to explore. Simply copy the code of a strategy that piques your interest, paste it into your project, and repeat steps 4 and 5. It’s that simple!
Remember, mastering algorithmic trading takes time and practice. Use the available resources and keep learning. Good luck and happy trading!