Best Buy Sell Triggers for Algos.

[TheBulldog]

Greetings,
Which approach for market core data for triggering Buys and Sells are most effective with an algorithm app?
1. Open,Close,High,Low,vwap, technical indicators:

I'm streaming market data [symbol, open_price,close_price,high_price,low_price, vwap, accumulated_volume, volume,etc.] and prequalifying stocks to trade from this streamed data. I'm pulling MACD and RSI technical info on those prequalified stocks which is only granular to the minute. I Buy and Sell based on the technical details. Problem is that things change during a minute, and I'm not aware of it until after the minute.


2. I can also stream Level2 data and Technical Indicators, but I'm not really sure at what levels to trigger Buy and Sell.

Please advise.
Thank you in advance.

 

[2rosy]

you're not consuming the most important data. quotes

 

[TheBulldog]

you're not consuming the most important data. quotes

thanks for the advice.
Suppose that I was consuming Quote data, what is the most reliable Buy and Sell approach? Level2 or OCHL as I stated above 1 or 2.

 

[SunTrader]

There are a zillion and one answers, but only 1 correct one. Well maybe two.

 

[TheBulldog]

There are a zillion and one answers, but only 1 correct one. Well maybe two.

My biggest challenge is when to sell. Technical indicators are only good after the previous minute and so much can happen during that minute. It seems like Price action is my best bet. Yes?

 

[2rosy]

thanks for the advice.
Suppose that I was consuming Quote data, what is the most reliable Buy and Sell approach? Level2 or OCHL as I stated above 1 or 2.

I would compute a fair value for XYZ or an arbitrage free price for XYZ. then when XYZ is off you buy or sell. If you want to disregard markets and play with lower level tech then maybe other opportunities exist

 

[SunTrader]

My biggest challenge is when to sell. Technical indicators are only good after the previous minute and so much can happen during that minute. It seems like Price action is my best bet. Yes?

Although you could use TA, I prefer to use a LeBeau Chandelier trailing stop. As for using PA, of course, but it has to defined in advance and not arbitrary if this high/low gets taken out blah blah.

 

[Handle123]

Weekly BBY shows H&S with 2nd right shoulder, I suspect it will go higher.

 

[traider]

u need whole orderbook and also all retail order flow

 

[Sprout]

My biggest challenge is when to sell. Technical indicators are only good after the previous minute and so much can happen during that minute. It seems like Price action is my best bet. Yes?

Reframe your thinking. Many false positives also occur within that minute - that's the wisdom of waiting for a close as per your trading timeframe. Accept the boundary as your 'frame'.

If you are trading sub 5m intraday, you're handicapped in ways you "don't even know you don't know."