Search results

Hi NazSpaz, I agree with you completely. For me the main purpose of automation is to scale up the number of equities being traded, rather than fully unattended, which I agree is not a good idea. Another newbie question is: Since I have never program any API to automate a strategy(I do...

Hi NazSpaz, Thanks for your insight and I agree with everything you said. I emailed Echo on Monday and they just got back to me now(Thursday). I don't know if it's normal for them to respond couple days later. I know that real-world slippage can cause divergence from backtested results...

Thank you NazSpaz. I won't ask any specifics. A general question I have is: Do people generally start with small volume at first to make sure the automation is running as expected, and then scale up only if the system runs fine? To me that seems to be a logical sequence. This is my first...

Can the experienced remote traders recommend some prop firms that have good support for "remote AND automated" trading? By support I mean some API-specific programming just to get the automation part going. I am a C++ programmer so I don't need basic hand holding, but in general it is much...

I don't have an IB account. Is there any broker that has free demo account that can interface with OQ?

Hi Dareminator, I am also using AmiBroker for backtesting ideas and trying out OpenQuant trial for the actual automation attempt. Can you comment on which brokers provide paper trading account that OpenQuant can connect to? I would like to see the automation working in real time before I...

Yes, TDA seems to have a lot of tools. However, they are really not up to the standard of day trading. I tried to port my strategies from AmiBroker to StrategyDesk. The backtesting speed of StrategyDesk is so slow that it's almost a joke. Also the results are incorrect(signals not triggered)...

MGB: Thanks a lot for the information. I will take a deeper look at NT.

This might be a dumb question, but NT's Market Analyzer is a "scanner." Does NT have the capability to trade automatically if any symbol in the scanning list touches the pre-determined entry price? Since it's impractical for any human to stare at the scanner of say 1000 symbols and make...

Thanks for the replies. NT's Market Analyzer seems interesting and could potentially fulfill my need. Does it have any limitation on the number of symbols being monitored simultaneously? IB would be a solution too. But if I am not mistaken, by default IB only allows 100 symbols real-time...

I wish to automate a strategy that monitors potentially thousands of stock symbols intraday, and enter if any of the equities touches a pre-determined price level. The price levels are calculated the night before so real-time calculation isn't necessary. In "theory," this strategy can be...

Hi chartman, Thanks for the response. If that's all the difference between a prop firm that is versus is not a member of an exchange, the exchange membership does not seem be to an important factor that a trader should consider when selecting a prop firm.

Hi Chartman, Thanks for the clarification. If I understand you correctly, if a firm is NOT a member of an exchange, then its traders do not have to pass series 7. Is that correct? If that's the case, what's the difference between a firm that IS a member of an exchange vs a firm that IS...

Why do some prop trading firms not require their traders to take the series 7 exam? What's the difference and is there any advantage/disadvantage of trading for a prop firm that requires series 7 vs. does not require series 7? If you pass the series 7 exam, does you categorize you as a...

Hi Jerry, I am a complete newbie so please bear with me. What I hope to achieve at this point is more like 1) Combine various technical indicators with rules and filters to make a trade using an automated system. Let me explain a little about my background. I have been researching trading...

Thanks Jerry for sharing the finding. RightEdge seems quite promising and is worth further research. BTW, can anyone recommend any book on coding automated trading systems?

haha, I probably just signed up to look at some posts. I was(still am) a newbie back then(now). When I first signed up on ET, I was still a poor graduate student. Now that I have a job and some savings, I am starting to look into doing some serious trading again. Thats why I am active...

Hi Landis82, I saw your review on Ameritrade. Do you mind sharing how much activity(in terms of shares or dollar traded) is enough to negotiate cheaper commission at Ameritrade? And how much would be the negotiated commission?

Hi Jerry30, Thanks for sharing. May I ask which automation software and broker did you end up using? Can you share your thoughts on the vendors that you looked at that can do what you want? I will most likely do what you do, except my trade signals are generated by AmiBroker, a $300 package...

Thanks for the replies from intradaybill and Rabbitone. I agree with both of you that risk and money management is far more important than the strategy itself. I have played with money management(mainly position sizing) rules in my backtesting and saw how bad money management can damage a...