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Question for those of you who are well-versed in Python: How long did it take you to get to a level competent enough to write an algo for your trading that works? Unfortunately, I took Finance in Uni and not programming.

No room for interpretation beyond spread/volatility. An easy example: If a stock has a bid/ask spread of $0.30 and I'm looking to make $1.00 from the trade.. the risk/reward isn't worth it. A loss would be more than expected and a breakeven likely wouldn't be breakeven due to that spread. An...

If it was just the money, I wouldn't think twice. The main issue is "after-sale support" - how do I know the dev will be around if there are bugs or it doesn't work anymore as a result of an update. There are other issues as well that have been discussed at length on the forums. Not out of the...

Good to know, thanks for sharing =)

The strategy doesn't depend on speed and I wouldn't consider it scalping. Just need automated bracket orders to go off if the criteria is met. Thanks for the suggestion, I'll be checking MultiCharts out tonight.

Thanks. Any pros and cons vs. Python? Of the research I've done lately, it looks like Python is fairly popular to use for making algos. Looks a bit overwhelming at first for a noobie such as myself though.

Thanks for the suggestion, I'll check it out tonight.

1. There are plenty of high volume S&P 500 stocks that still have wide spreads in the morning. Depending on news, if there's a huge gap up or down, etc. I would give a similar answer to point 2. 3. Full time, meaning this is what I do for a living. edit: the main point of the thread and issue...

Yes they are, but if the bid ask spread is too wide or if the stock is too volatile, I would not trade it.

Thanks Lindq, IB seems to have not so good things to say about DDE: "DDE Limited; uses obsolete technologies; lower performance. Windows only Yes (limited functionality)" Any credence to this? I'm familiar with excel but not using it to program. I like the idea of starting on a platform I have...

Correct, the only real variable is price but the parameters of the trade (target, stop, and breakeven to an extent) are also based on a calculation involving price, which is always moving. I would also need the algo to be calculating this when setting the bracket orders in IB. Again, the main...

Hello all, First post. I've been a FT trader for 5+ years now but am completely new to the automated trading scene and have no experience with C++ or writing code for anything for that matter. I would like to develop an algo for use on IB's API. This particular intraday strategy works well if...