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One could argue that S/R levels don’t really work in general ( not me ) but somebody stating they work for stocks but not for ETFs/traded indexes has absolutely no clue. Maybe we misinterpreted the statement and the author is referring specifically to indexes that are NOT being traded in the...

Can’t agree more with your statement ( algos not being able to predict probabilities “narrow and specific”) as financial data is really noisy but having that knowledge should still provide one with an edge over a lot of discretionary traders. I was wondering if you feel that you personally...

The 1.5 mentioned in my previous post was mostly for mean reversion. For trending strategies I can get closer to 2.0. So maybe that bumps up the average a bit. I am sure strategies in other time frames have different profit factors. Anyone can share some numbers for intraday trades ? Again...

The analysis for each strategy gets carried out every day as it’s all fully automated and generates hundreds of trades. I wouldn’t be able to handle that manually.

I have been running multiple ones mostly EOD so the profit factor differs by strategy but it’s on average about 1.5. Why are you asking ?

The kid is really focused and will do well regardless of how his hedge fund will fare.

I know it’s possible as I personally did learn it alone starting with absolutely no knowledge an no help. But I wish I had a mentor to shave years of slow progress especially in my early days. The problem is that your mentor’s style has to fit your personality. Also successful...

As you’ve created a synthetic call the margin requirement would be just the price that you would have had to pay for the equivalent call (IB matches your stock and option positions even if you open them at different times).

I have been using the IB API mostly for stocks and occasionally for options and futures. As other have stated it’s not the easiest API to use (nor modern) and it changes quite often (more so in the past couple of years) thus the code has to be maintained quite often. If you’re interested in some...

Have a safe flight then

What tools/technologies are you using ?

I have been trading fully automated for the past 6 years mostly EOD swing trading spending on average a couple of hours a week managing my positions. I am not lazy. I just hate tedious work. This is a link to a course that explains the process in detail...

Fully automated algorithmic trading with IB/AmiBroker/Norgate/AmiBroker/Alera Portfolio Manager as Broker/Backtesting/Data/TradeSignals/Execution Platforms.

The TA indicators are definitely not leading indicators but I wouldn’t generalize saying they’re worthless. I would be curious to know if you’re using any leading indicators or if you favour a certain style of trading.

I don’t know. But I spend a lot of time trying to find reasons for my strategies not to perform. The nice thing about automation is that I have plenty of time to worry about improving the strategy development process as opposed to worrying about specific trades. There are a few ways I go about...

I am not 100 years old (yet) so just a guess: Easier to trade today. But harder to be profitable.

Not a solution for everyone but here is the way I went about it in my 20 years of investing: 1. For the first 5 years I mostly invested small amounts, long term, using asset allocation, dividend paying stocks, mutual funds, keeping the stress in check 2. Then I started using index options...

As anyone would probably acknowledge there is no simple answer but I am using RSI, BB, CCI along with SMA on my EOD swing trading strategies. Here’s a link explaining why RSI might be a decent predictor of the mean returns for a basket of stocks...

The platform looks really interesting. I am using Alera Portfolio Manager for execution as I have to send hundreds of orders per day to the market. I think it will be fairly easy to generate the signals for APM. Do you happen to have some sample code for the integration with APM?

I implemented a fully automated trading platform about 6 years ago in Java using the IB API and R code for backtesting. Have been using it until about 3 months ago when I switched to AmiBroker and Alera Portfolio Manager. It requires a lot less maintenance and I can backtest and deploy my...