Cost of Programmer to automate
- Thread starter bouncy
- Start date
Quote from RedRat:
There are some programming boards like
www.codeproject.com
www.codeguru.com
you can ask your questions there. But your questions may be OpenQuant specific so you will get no answer.
as for
One of my projects was to implement the following system. Each day I read a .csv file with list of limit orders, that file is generated by trader every day using his private algorithms. When market is near the desired limit - I place it to the market. Plus additional functionality. There is NO sharing of the strategy.
On the other side these high-level programs have restrictions. For example old version of OpenQuant supported only one strategy, don't know how good is 2.0 version. I also do not know how good is it in trading several different markets.
I have experience in developing strategy for myself, trading ER2. And it was really hard, I spent about 2 years. And it is profitable. But I CAN NOT develop such a strategy using ANY of high-level programs. It is completely custom.
Thanks for the links. I'm learning OpenQuant still, I don't think of it as all that high level really, it is event driven and I'm still trying to figure out just what drives some of the events, is it the code, is it the broker...... They are responsive to fixing bugs and adding features like I've never seen and they aren't married to backward compatiability so I think the future is bright with them....
Since we're not supposed to make commercial offerings or solicatations on ET, I setup a google groups for these purposes...
so if you're a trader looking for programmers, check out:
http://groups.google.com/group/elitecommercial
Or if you're a programmer (or any service provider) looking to let people know about your rates or services, go to:
http://groups.google.com/group/elitecommercial
And create a page for your service.
so if you're a trader looking for programmers, check out:
http://groups.google.com/group/elitecommercial
Or if you're a programmer (or any service provider) looking to let people know about your rates or services, go to:
http://groups.google.com/group/elitecommercial
And create a page for your service.
Hi,
Acombo of a programmer and trader is the default requirement when considering paid programmers.
I stopped programming strategies for people when I became a profitable trader myself (why should I waste time on that).
My systems span 1000's of computations in real time for hugh amount of Global symbols. It took me years to develop - and 100000's of hours.There is no way you can just hire a programmer for a fixed job and be consistant with it absent such an effort as I put into it,ibid (C#,C++,Assembly Api programming at socket levels).
The truth is - that if someone is offering his services cheaply and openly this indicates that he is neither a good programmer nor a good trader......And for automation you need nothing but the best !
Get real !
Acombo of a programmer and trader is the default requirement when considering paid programmers.
I stopped programming strategies for people when I became a profitable trader myself (why should I waste time on that).
My systems span 1000's of computations in real time for hugh amount of Global symbols. It took me years to develop - and 100000's of hours.There is no way you can just hire a programmer for a fixed job and be consistant with it absent such an effort as I put into it,ibid (C#,C++,Assembly Api programming at socket levels).
The truth is - that if someone is offering his services cheaply and openly this indicates that he is neither a good programmer nor a good trader......And for automation you need nothing but the best !
Get real !
Gert real?
100,000 hours at 8 hours a day is 32 years!
So you started on your system in 1972?
What took you so long to create a profitable system?
When hiring a programmer I'd hire someone who can
program faster than that!
Also, I'd never hire a programer who is a trader. Why pay someone to steal my ideas?
In Dec 07 I hired a programmer to be a regular employee at my trading office. Best move I ever made. He was a friend of another trader in the office, and really was intrigued by trading, but had no experience in it. He learned our softwares API from websites/calling HO and programs in C#. As compensation he gets a base salary, plus a cut of what the algos make. This has caused him to become extremely motivated, working well over the open market hours time. We have an intellectual rights and compensation contract for service. If you can afford to employ someone like this, I recommend it 100%.
I may be of interest to both those potentially offering programming services and those needing them if you could give a general idea of the value added by this programmer.
For example his algos increase net returns by 5% or 50%, or something more? Who knows there may be others who would like to take a short at increasing your returns beyond what you currently have.
Its impossible to say because i automated things that cannot be done by human hands. In this case the increase in return is infinity, as i started with 0. I definitely am not interesting in hiring any more programmers or contracting out my strategies, I was just posting for informational purposes.