QuantDataManager Review

QuantDataManager Review

QuantDataManager offers historical data downloads and management for quants. The definition of a Quant is someone who is an expert at analysing and managing quantitative data. In this instance, you dont need to be an expert to use the QuantDataManager as it is a very user-friendly trading tool to download, manage, analyse, manipulate, convert and export high quality historical market data to implement and use within your own trading platform. QuantDataManager is developed by the very talented StrategyQuant team who have a range of trading tools for developing and testing automated trading systems. Here we will cover what the QuantDataManager is and how it works, to help you decide if it is a suitable trading tool to assist you with reaching your individual trading goals. Now, lets get stuck tight to it!

What is QuantDataManager?

QuantDataManager is one of quickest and easiest ways to download and export historical market data for testing strategies in your trading platform. You can download tick data from various markets and convert it into all timeframes, in a few simple clicks.

QuantDataManager Pro
QuantDataManager Pro

QuantDataManager Features

Now that we have covered what the QuantDataManager software is, lets take a quick look at some of its key features:

Download data

You can download high quality tick by tick and minute data from reliable data sources such as Dukascopy and Darwinex. You can get data from various markets including forex, stocks, commodities, cryptocurrencies, indices, precious metals, energies, CFDs and more. Keep in mind, there is no free source for the commodity data.

QuantDataManager Historical Data
QuantDataManager Historical Data

Improved back testing

The quality of the data used for back testing is very important because some platforms such as MetaTrader 4 (MT4), do not include tick data or historical spreads. This means that back testing results in the MT4 strategy tester can be very inaccurate as the default data and spreads are not realistic.

Hence, this is why you will see the MT4 back testing modelling quality maxed out at 90% without using an external back testing tool such as Birts Tick Data Suite. Birts TDS can use the QuantDataManager historical data within MT4 whilst enabling the user to choose variable spreads, add commissions, add slippage and much more. This gives 99% modelling quality results. QuantDataManager also works with MetaTrader 5, allowing you to achieve 99% back test results in that platform if you prefer.

QuantDataManager Back Testing
QuantDataManager Back Testing

This results in back tests with 99% modelling quality and therefore more accurate results which can give a better idea of how an automated trading system may have performed historically. Just remember, back test results are by no means any guarantee of future performance.

Of course, there is no trading platform or tool that can give 100% accurate back tests as it is impossible to replicate the exact trading conditions of the past. There are things that will still be unaccounted for such as brokers slippage, volatility, server delays, available liquidity at the time of trading, etc.

Analyse data

Whilst there are other data managing tools out there, the QuantDataManager analyse feature is a unique option that allows the user to check the quality of the data and display the findings in a table and chart. This can be a great way to find data discrepancies such as gaps, spikes, incorrect candles missing periods, etc.

QuantDataManager Analyse Data
QuantDataManager Analyse Data

Import data

The flexible importer allows you to import historical data from any text or CSV file in virtually any format. You can conveniently store your data in QuantDataManager for easy manipulation, use, export and analysis. Users can quickly and easily compute higher timeframes from tick or minute data, or change the data time zone.

QuantDataManager Import Data
QuantDataManager Import Data

Export data

Once you have download market data for the trading instruments you want to test your automated trading strategies on, you can export it to MetaTrader 4 & 5 for conducting back tests with the highest accuracy possible in MetaTrader.

There are no complex conversions or importing steps, it is all handled behind the scenes for you in the QuantDataManager software with its user-friendly interface.

Copy data

You can clone the data to any chart timeframe and export it to more or less any trading platform. For example, if you download 10 years’ worth of EUR/USD tick data, you wouldn’t need to also download the 1-minute data, 15-minute data, 1-hour data, etc. You could simply use the QuantDataManager to convert the tick data into all the chart timeframes that you require for testing. They have made it that easy!

Multiple data sources

Another great thing about QuantDataManager is that it supports data from multiple sources. I always like to verify my back tests on different data sets. You will never see the exact same back testing results from different data providers.

QuantDataManager Data Sources
QuantDataManager Data Sources

Thus, it is very important in my opinion to test a strategy on multiple data sources to make sure the results are as similar as possible and that the strategy is not affected too much by minor differences in data due to bid/ask prices, spreads, liquidity providers, etc.

Some of the QuantDataManager data sources include:

Adjust time zone

Keep in mind that data sources can have different data timestamps. Therefore, if you had a trading strategy that traded between specific hours, the results may be different between the data sources.

QuantDataManager Data Time Zone
QuantDataManager Data Time Zone

Thankfully, the QuantDataManager lets you specify the time zone that you wish to use with the data so that you can ensure timestamps remain consistent. Before we had such software to help us, we had to manually adjust timestamps in huge CSV files! Ah, those were the days.

QuantDataManager Pro Features

In addition to the basic QuantDataManager features, there are some additional features unique to the pro version. These are as follows:

Superfast download speeds

With the QuantDataManager pro version, you can download full tick history in minutes instead of hours. Of course, the speeds will also depend on your internet connection. StrategyQuant host the data on their Content Delivery Network (CDN) servers located around the globe. You will always be downloading data from the server closest to you with the pro version.

QuantDataManager Download Speeds
QuantDataManager Download Speeds

Verified downloads

The data from the CDN servers is verified as it is downloaded. This means that there shouldn’t be any more gaps caused by broken connections or other Internet issues.

QuantDataManager Verified Downloads
QuantDataManager Verified Downloads

QuantDataManager Packages & Pricing

QuantDataManager keep things nice and simple when it comes to the package options – you can choose to use the limited free version or upgrade to the QuantDataManager Pro version.

The pro version comes with the additional features and a license for one computer. Your licence will be delivered to you by email immediately after you complete your purchase. You can email StrategyQuant support if you need a license for another computer at any time.

There are no refunds offered on the pro package due to the fact that you can trial the QuantDataManager free version.

If you already have a full license of StrategyQuant, the QuantDataManager Pro version is already included, so you won’t need to make a separate purchase.

Let’s take a look at the differences between the free and pro versions:

QuantDataManager Free

  • Free with adverts
  • No CDN server downloads (slower)
  • Cost $0
  • Download tick/minute data from Dukascopy
  • Import data from various sources
  • Visualize & analyse data, change timeframe
  • 99% test reliability in MetaTrader 4/5

QuantDataManager Pro

  • Faster CDN server download speeds
  • Cost $49 (for lifetime access)
  • Download tick/minute data from Dukascopy
  • Import data from various sources
  • Visualize & analyse data, change timeframe
  • 99% test reliability in MetaTrader 4/5
  • 10-15x faster download using CDN network
  • Verified downloads – no gaps or missing data
  • No adverts

QuantDataManager Conclusion

I am a huge fan of the StrategyQuant trading tools. For me, they offer some of the best trading software for developing and testing trading strategies in MetaTrader with the highest possible accuracy. They have built their tools in a way that makes them easily accessible to users of all experience levels who are looking to trade online using custom trading robots.

QuantDataManager is an all-in-one solution for downloading, analysing, importing and exporting, high-quality tick data for using in some of the most popular trading platforms. Data covers forex, cryptos, stocks, indices, commodities and more.

I personally use this software myself to get tick data and test forex robots with 99% modelling quality. It allows me to conveniently conduct thousands of back tests on different trading instruments and timeframes, without the headache of doing it the old way.

Things have really moved on in terms of back testing over the years since I first go involved with forex. It feels like the QuantDataManager has always been around but has made so much improvements, specifically the multiple data sources, download speeds and platform integrations. I am genuinely looking forward to what features they will add in the future.

That being said, if you wish to find out more and give it a go for yourself, you can visit the official QuantDataManager website using the link below. Check out the StrategyQuant EA builder whilst you are there. It provides a simple way to build your own trading robots using a point and click interface. You can then back test these robots using the data from QuantDataManager.

Just always remember, whilst back testing trading systems can give us a rough idea of the statistical historical performance, they are by no means any reflection of how a trading strategy will perform moving forward. Make sure you are aware of all the risks and never risk more than you can afford to lose. I would always test a trading robot on a demo account to begin with. After all, this is trading and anything can happen!

QuantDataManager

Free to $49
8.3

Functionality

9.0/10

Usability

8.0/10

Versatility

8.0/10

Features

  • Tick data downloads
  • CDN server for faster downloads
  • Analyse data for quality
  • Import data
  • Export data to MetaTrader
  • Back test with higher accuracy
  • Data for various markets
  • Adjust timestamps
  • Data on multiple timeframes
  • Free version