python xlrd VS Quantower

• Simplicity
  xlrd provides a straightforward and easy-to-use API for reading Excel files, making it accessible for beginners and quick implementations.
• Widely Used
  xlrd has been a popular choice for handling Excel files in Python, which means there is a lot of available documentation and community support.
• Efficient Reading
  It is optimized for reading data from Excel files without loading entire data into memory, which is beneficial for handling large files.

Possible disadvantages

• No Write Support
  xlrd is designed solely for reading, and it does not support writing or modifying Excel files.
• Limited to Older Excel Formats
  With version 2.0 and above, xlrd only supports the older .xls Excel file format and does not support .xlsx files.
• Deprecated Features
  Due to changes in dependencies and updates to Excel formats, some features in xlrd have become deprecated or removed, which can limit its functionality.

• Multi-Asset Trading
  Quantower supports trading across various asset classes such as forex, stocks, futures, and cryptocurrencies, providing flexibility and a wide range of trading opportunities for users.
• Advanced Charting Tools
  The platform offers a variety of technical analysis tools, indicators, and customization options, allowing traders to perform detailed market analysis and make informed trading decisions.
• Customizable Interface
  Quantower provides a highly customizable user interface, letting traders personalize their workspace to suit their trading style and preferences, enhancing user experience and efficiency.
• Connectivity
  The platform supports connectivity to multiple brokers and data feeds, ensuring traders have access to reliable and timely market data, which is crucial for successful trading.
• Automated Trading Features
  Quantower offers options for algorithmic trading and the development of trading bots, enabling users to automate their strategies and potentially increase trading efficiency.

Possible disadvantages

• Complexity for Beginners
  The advanced features and tools available on Quantower may be overwhelming for novice traders, leading to a steeper learning curve compared to more simplistic trading platforms.
• Cost
  Some features and connectivity options may require a paid subscription or license, potentially increasing costs for traders who wish to access the full suite of tools and features.
• Resource Intensive
  Running Quantower with all features and customizations can be resource-intensive, which may challenge traders with older computer systems or limited hardware capabilities.
• Limited Broker Support
  While Quantower allows connection to multiple brokers, the range may still be limited compared to more established platforms, which can be restrictive for users who prefer specific broker options.
• Lack of Educational Resources
  The platform could benefit from more comprehensive educational resources and tutorials, which are essential for helping users maximize the platform’s potential, especially new traders.

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• I need to read multiple excel files, extract a column from each and compose a new file

  So to get this out of the way first, xlrd has less features than openpyxl and in addition only works with the old '.xls' format, not the newer '.xlsx' format. Even on the xlrd's Github repo it says: 'Please use openpyxl where you can... '. Source: over 4 years ago

• Sending Bulk SMS using Africas Talking, Python and Excel

  There are few alternative libraries for reading and writing excel files: Pandas, Xlrd , openpyxl among others. In the end I settled for openpyxl as I had the most experience Using it and it had support for .xlsx files. - Source: dev.to / over 5 years ago

Tracking Quantower since Mar 2021.