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QuantConnect VS LabPlot

Compare QuantConnect VS LabPlot and see what are their differences

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  3. » Reviews
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QuantConnect logo QuantConnect

QuantConnect provides a free algorithm backtesting tool and financial data so engineers can design algorithmic trading strategies. We are democratizing algorithm trading technology to empower investors.

LabPlot logo LabPlot

LabPlot is a KDE-application for interactive graphing and analysis of scientific data.
  • QuantConnect Landing page
    Landing page //
    2023-10-15
  • LabPlot
    Image date //
    2024-09-02
  • LabPlot
    Image date //
    2024-09-02
  • LabPlot
    Image date //
    2024-09-02
  • LabPlot
    Image date //
    2024-09-02
  • LabPlot
    Image date //
    2024-09-02
  • LabPlot
    Image date //
    2024-09-02
  • LabPlot
    Image date //
    2024-09-05
  • LabPlot
    Image date //
    2024-09-05
  • LabPlot
    Image date //
    2024-09-05

LabPlot is a FREE, open source and cross-platform Data Visualization and Analysis software accessible to everyone and trusted by professionals.

FEATURE HIGHLIGHTS

  • High-quality data visualization and interactive plotting
  • Data analysis, statistics, nonlinear regression, curve and peak fitting
  • Fast computing with interactive notebooks (for Python, R, Julia, Maxima and more)
  • Data extraction from images (Plot Digitizer)
  • Smooth data import and export to and from multiple formats (CSV, JSON, ODS, XLSX, Origin, SAS, Stata, SPSS, MATLAB, SQL, MQTT, BLF, HDF5, FITS, ROOT (CERN), LTspice, Ngspice and more)
  • Available for Windows, macOS, Linux, FreeBSD, Haiku, GNU

A full list of features: https://labplot.kde.org/features

Video tutorials: https://www.youtube.com/@LabPlot

Communication channels: https://labplot.kde.org/support

Get it here: https://labplot.kde.org/download

QuantConnect features and specs

  • Comprehensive Data Access
    QuantConnect provides access to a wide range of financial data which is crucial for developing and testing trading algorithms. This includes equities, futures, FOREX, and cryptocurrencies, which allows users to backtest strategies with historical data.
  • Cloud-Based Development
    The platform is cloud-based, which means users can access their projects from anywhere and don't need to worry about the computational resources required for large backtesting tasks. This also facilitates easy collaboration.
  • Wide Language Support
    QuantConnect supports multiple programming languages including C#, Python, and F#. This allows developers to choose from different languages they are comfortable with while coding algorithms.
  • Lean Algorithm Framework
    The open-source Lean Algorithm Framework is at the core of QuantConnect, providing a robust and flexible foundation for algorithmic trading strategies which can be customized to meet specific needs.
  • Community and Collaboration
    QuantConnect has an active community where users can share ideas, collaborate on projects, and seek help from others which enhances learning and innovation.

Possible disadvantages of QuantConnect

  • Complexity for Beginners
    The platform may be overwhelming for beginners due to the vast array of features and the requirement for programming skills, which can be a steep learning curve for some users.
  • Pricing Structure
    While QuantConnect offers free access with certain limitations, advanced features and higher data allowances come at a cost. This pricing may be a barrier for casual or small-scale users.
  • Limited Asset Classes for Free Users
    Free users may face limitations in terms of the number of asset classes and data sources available, which could restrict the range of strategies they are able to develop and test.
  • Dependence on Internet Connection
    As a cloud-based platform, an active internet connection is required to develop and execute algorithms, which could be a problem for users with unreliable internet access.
  • Execution Latency
    Running algorithms on a cloud platform might introduce latency issues which can be a disadvantage if executing strategies that require ultra-low latency transaction speeds.

LabPlot features and specs

  • Open Source
    LabPlot is free and open source, allowing users to modify and distribute the software without any cost.
  • Integration with KDE
    LabPlot is part of the KDE software collection, offering seamless integration with other KDE applications and a consistent look and feel.
  • Multiplatform Support
    LabPlot is available on various platforms, including Linux, Windows, and macOS, making it accessible to a wide range of users.
  • Extensive Plotting Features
    LabPlot offers a wide range of plotting capabilities, including 2D and 3D plots, which can accommodate diverse scientific and engineering needs.
  • Customizability
    Users can customize plots extensively in LabPlot, adjusting parameters such as plot style, color, and data presentation to suit their specific needs.

Possible disadvantages of LabPlot

  • Steeper Learning Curve
    Due to its comprehensive features, new users might find LabPlot challenging to learn and may require time to become proficient.
  • Limited Community Support
    While there is a community around LabPlot, the size is relatively small compared to more widely used plotting tools, potentially limiting peer support.
  • Performance Issues with Large Datasets
    LabPlot may experience performance slowdowns when handling very large datasets, which can hinder productivity for users working with such data.
  • Less Frequent Updates
    LabPlot may receive updates less frequently than some commercial software, possibly affecting the pace of new feature integration.

QuantConnect videos

+ Add

Difference between Quantopian Quantiacs Quantconnect

More videos:

  • Review - Step by Step Algorithmic Trading Guide with QuantConnect

LabPlot videos

+ Add

How to fit a curve using LabPlot

More videos:

  • Tutorial - Quick Statistics and Visual Overview of Data in LabPlot
  • Tutorial - How to export publication-quality plots from LabPlot
  • Tutorial - Your First Data Import and Visualization in LabPlot

Category Popularity

0-100% (relative to QuantConnect and LabPlot)

QuantConnect

LabPlot

Finance
100 100%
Finance
0% 0
Technical Computing
0 0%
Technical Computing
100% 100
Development
100 100%
Development
0% 0
Office & Productivity
0 0%
Office & Productivity
100% 100

User comments

Share your experience with using QuantConnect and LabPlot. For example, how are they different and which one is better?
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Reviews

These are some of the external sources and on-site user reviews we've used to compare QuantConnect and LabPlot

QuantConnect Reviews

TradingView Alternatives For Budget Conscious Traders
QuantConnect is a quantitative trading platform where you can develop algorithms in Python. It’s gaining popularity for its collaborative environment and large data library that supports backtesting and live trading. QuantConnect is flexible and supports multiple asset classes so it’s good for algorithmic traders.
Source: medium.com

LabPlot Reviews

  1. Mark

    LabPlot provides extensive capabilities for data import and export, along with tools for analysis, curve fitting, nonlinear regression and interactive visualization, including live data support. Users can export graphs in various formats and utilize a built-in plot digitizer to extract data from existing charts. Additionally, if users are familiar with programming languages such as Python or R, they can leverage these within LabPlot's interactive notebooks.

Social recommendations and mentions

Based on our record, QuantConnect seems to be more popular. It has been mentiond 9 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

QuantConnect mentions (9)

  • I'm a dev, we're in 2023, what should i start with ?
    I use https://quantconnect.com/ to backtest new algos and discover new algos. They support C# and python. Source: over 2 years ago
  • Where can I Learn OOP for trading in python? I’ve been looking for some information, but I didn’t find anything, any help?
    Use quantconnect.com, their API forces you to use OOP there so it's a good practice. Source: almost 3 years ago
  • Backtesting tools
    For stocks and crypto: QuantConnect and Backtrader For options: MesoSim and OptionNetExplorer. Source: almost 3 years ago
  • what do you guys think about Joel Greenblatt and his magic formula of investing? backtests of his formula return on average above 20% per annum
    Only you can teach you how to do it. quantconnect.com has a lot of tutorials and other documentation that should be enough for you to learn from. I'm still learning the process of backtesting and I'm not aware of an "easy" way to perform this type of work. Source: almost 3 years ago
  • What are some things you have automated, using python?
    Thanks for the pointer. quantconnect.com and interactive brokers. I have a little fantasy that I'll do this once I retire and hand over 1% of my nest egg to it; see how it does... Hand over some more, etc... Source: over 3 years ago
View more

LabPlot mentions (0)

We have not tracked any mentions of LabPlot yet. Tracking of LabPlot recommendations started around Mar 2021.

What are some alternatives?

When comparing QuantConnect and LabPlot, you can also consider the following products

Quantopian - Your algorithmic investing platform

SciDaVis - SciDAVis is a free application for Scientific Data Analysis and Visualization.

Backtrader - Backtrader is a complete and advanced python framework that is used for backtesting and trading.

GnuPlot - Gnuplot is a portable command-line driven interactive data and function plotting utility.

quantra - A public API for quantitative finance made with Quantlib

DataMelt - DataMelt (DMelt), a free mathematics and data-analysis software for scientists, engineers and students.

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