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RE: [Algorithm Trading #1] Which programming language to select?
You have an experience welcome. Agree matlab requires money to use it. There are a language called Octave which is written by almost same way as Matlab and it is free.
But I recommend to pay some money for matlab since they provides more optimized code base and good toolboxes.
If you are in institutions like university, you could get TAH license. Or student price is really cheap.
Yes, you are correct. I used both MATLAB and Octave for my doctoral research. Currently, I am an independent researcher and a science writer, so that does not give me access to low-priced versions of MATLAB. Thus Python is the way for me.