Automated trading for those without a programming background?

[Blaiserboy]

Most Interesting concept....!!!!

 

[rosy2]

Quote from punter:

Traders don't do programming most of the time..

They trade. There's no time to slowly learn anything as a trader, let alone programming.

what does "they trade" mean to you? where i am at programming ability is required for everyone.

 

[punter]

Quote from rosy2:

what does "they trade" mean to you? where i am at programming ability is required for everyone.

then consider yourself in the minority of traders, profitable or not.

 

[edbar]

Quote from tradelink:

here is code for your example :

"XYZ stock crosses $50 within the first 5 minutes, go long with a stop at $49.75 and a target of $50.50"

public class myresponse : ResponseTemplate
{
decimal LEVEL = 50;
int STOPTIME = 93500;
OffsetTracker ot = new OffsetTracker();
public myresponse()
{
   // ensure that position is bracketed
   ot["XYZ"].StopDist = .25m;
   ot["XYZ"].ProfitDist = .5m;
}
PositionTracker pt = new PositionTracker();
public override void GotTick(Tick k)
{
   ot.newTick(k);
   if ((k.trade > LEVEL) 
&& (k.time < STOPTIME)
&& !pt["XYZ"].isFlat)
       sendorder(new BuyMarket("XYZ",100));
}
}
public override void GotFill(Fill trade)
{
  pt.Adjust(trade);
  ot.Adjust(trade);
}
public override void GotPosition(Position p)
{
  pt.Adjust(p);
  ot.Adjust(p);
}

This is the difference between having to program or using a robotic system that already does ALL of the work for you. Accomplishes the same things as above, but done in 3 lines:

COOLTRADE SYSTEM SIMPLE RULES:

TimedIndicator: CurrentPrice (9:35a.m.) > 50
Profit Goal: .50
Stop Loss: .25

I could just as easily done better rules, than hardcoding fixed entries and target prices, like:

OPEN POSITIONS
Current Bid Price > Yesterdays Close Price
Macd Value Line > Macd Signal Line
% of Stocks Up > % of Stocks Down [no use going in unless the rest of the market is also going up]
ATR%(14) > 5% [only trade stocks that move by 5% a day]
Current Bid Price > 18-Day Simple Moving Average [this rule keeps me out of long positions that are heading down]

Profit Goals: 5%
Pullback after reaching goal: 1% [it is a trailing stop loss that goes in AFTER reaching the 5% goal]
Profit Protection: 2.5% [after 2.5% is made, then gurantee something in case the stock reverses before I reach my 5% goal]
etc.

All of that, and still NO PROGRAMMING.

Ed

 

[NetTecture]

This is the difference between having to program or using a robotic system that already does ALL of the work for you

No, it does not. THis is programming within a high abstraction framework.

Now, what does the do when clueless and getting a Null Pointer Exception thanks to bad coding in there? Giving up? This looks like Java or C# code to me - so one better knows Java or C#.

What does he doe when his requirements are a little more complex? Like a trading system having like - hm - 2 pages of code evaluationd market condition s(not THAT much if you manually find patterns in charts, for example).

This IS programming. You may like that or not, does not change the facts.

 

[Alexis]

www.sirtrade.com for the wealthy ones...

 

[intradaybill]

Quote from 6pst6:

Are there any options for traders that want to automate a strategy without having an in depth programming background?

Yes. There are some options for the wealthy ones - someone already mentioned one. Here are a few more:

TSL will find systems for you and generate code. expensive

APS does the same with price patterns but it appears it is no longer available

 

[NetTecture]

Quote from intradaybill:

Yes. There are some options for the wealthy ones - someone already mentioned one. Here are a few more:

TSL will find systems for you and generate code. expensive

APS does the same with price patterns but it appears it is no longer available

But both are not what was asked for. FINDING a strategy is different from allowing one to implement an existing one

 

[intradaybill]

Quote from NetTecture:

But both are not what was asked for. FINDING a strategy is different from allowing one to implement an existing one

True, I forgot to say that, but is highly likely that the type of strategy he is looking at is already in included in the set of strategies those type of programs can (in general) find.

I mean he can't have his cake and eat it too...you know...

 

[Maverickz]

Quote from edbar:

Please go to the website for a wealth of information.
If you have questions, send email to customersupport@cool-trade.com

Best Regards,

Ed
CoolTrade CEO
http://www.cool-trade.com

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