ATS development

Quote from clearinghouse:

Pick one, small, stupid trading concept you think will work, then build that using what you know while learning what you don't know. Don't waste time building useless libraries without an objective in mind.

Odds are, your first few iterations will be garbage. Just be sure to learn from what went wrong with the garbage on your path to greatness.
More...
Right.

Most of the things you (the OP) have listed:

<i>Neural Network+ Genetic Algorithm + Simulated Annealing
value-at-risk calculations
...
Detailed charts with numerous indicators.</i>

are totally <b>useless</b> for trading and to make $$$. (They can be useful in other fields)

Let me point you to an example of statistical <a href="http://www.datatime.eu/public/gbot/Strats%20G-BOT/Strategy_CT_T_LS_E/Strategy_CT_T_LS_E.htm" > performances</a> (improvable) obtained with a pure "mechanical" approach,
just to debunk the illusion that "prediction" is meaningful in an automated context.

Tom
 
Quote from Occam:

I agree that trading usually takes a lot of learning, but unforunately for most people who put in those 10,000 hours you suggest, they'll still end up with no profitable strategy, without having learned any useful/fun/fulfilling skills whatsoever. In this respect, trading is really quite different from virtually any other profiession.
More...

really? what are doing for those 10000 hours? Just sitting there? I expect that at least you would gain basic programming and data analysis skills.
 
Quote from rosy2:

really? what are doing for those 10000 hours? Just sitting there? I expect that at least you would gain basic programming and data analysis skills.
More...

It's certainly possible one could gain basic -- or even quite advanced -- programming skills through the process. In addition, if someone takes the time to learn about e.g. statistics (by reading a real book on the topic -- NOT one designed for traders) or linear algebra or analysis, then yes, that would result in bona fide learning/skills. But I strongly doubt that's typical of those who attempt trading on their own. Looking at "charts" and learning about "TA" is in my opinion completely wasted time, unless it leads you to real, consistent, nonrandom results.
 
Take a look at tradelink, JSystemTrader, marketCetera, tickzoom etc.

Why spend a year or more building a platform when you could be building strategies.
 
You must log in or register to reply here.
Back
Top