Automated Momentum Scalping System

D

developer17

Folks,

I have automated a TRading System for Momentum Scalping using the IB Java API. The System reads a file with potential candidates generated from an End of Day scan and then executes the long/short trades as when they meet the criteria.
For now I'm using the tick data from IB, but will eventually update it to work with QuoteTracker as well so that it can support multiple quote feeds.

I'm planning to share this system with some of the people on this board who may have had more experience with this kind of stuff, so that I can improve this further.

Let me know your thoughts

-Mani
 
Ok,

You go first.

nitro
Quote from developer17:

Folks,

I have automated a TRading System for Momentum Scalping using the IB Java API. The System reads a file with potential candidates generated from an End of Day scan and then executes the long/short trades as when they meet the criteria.
For now I'm using the tick data from IB, but will eventually update it to work with QuoteTracker as well so that it can support multiple quote feeds.

I'm planning to share this system with some of the people on this board who may have had more experience with this kind of stuff, so that I can improve this further.

Let me know your thoughts

-Mani
More...
 
Quote from developer17:

Folks,

I have automated a TRading System for Momentum Scalping using the IB Java API. The System reads a file with potential candidates generated from an End of Day scan and then executes the long/short trades as when they meet the criteria.
For now I'm using the tick data from IB, but will eventually update it to work with QuoteTracker as well so that it can support multiple quote feeds.

I'm planning to share this system with some of the people on this board who may have had more experience with this kind of stuff, so that I can improve this further.

Let me know your thoughts

-Mani
More...

Are you using stochastics to help define entries?
 
>>>>> Are you using stochastics to help define entries?

No, I generate the candidates from an end of day scan using some momentum criteria, but use the breakout of the first half hour opening range to generate the entries ..

I exit using a 40 cents trailing stop loss or at the end of the day

--Mani
 
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