Creating own trading system

Quote from hftvol:

makes me laugh, a good programmer can create a workable trading engine in less than a week? Yes I can also create a facebook like page in less than a week. I guess we have very different definitions regarding "workable" ;-)
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You have to discriminate between building a Ferrari, a BMW and a Wolga. My statement is for building a Wolga :p
 
Quote from hftvol:

makes me laugh, a good programmer can create a workable trading engine in less than a week? Yes I can also create a facebook like page in less than a week. I guess we have very different definitions regarding "workable" ;-)
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Even u can create a HFT system, retail level brokerage fee would make it not profitable. That's why only ibank kind of company can really apply it.
 
Quote from hftvol:

good you mention Deltix. I wanted to list it earlier but the name did not come to mind. I actually talked to those guys because I think they have a very well made platform, I almost decided to go with them years ago rather than writing my own but in the end they could not deliver what I was after. And they are slightly overpriced in regards to their deliverables (their full platform starts at around a 100k USD, which is ok if the product supports it but I did not get the feel it did. Similarly for KDB/Kx, they charge an arm and a leg for their database and while I think its top notch I do not believe it should be priced at such ridiculous levels. IT departments with heads who do not have to pay out of their own pockets do not care as long as they have a juicy budget in good times, all they care about is their next promotion by having delivered a high performance database that trading desks and quants can access. Deltix is a good product I like it very much though I have not followed up with them in almost a year.
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Cool, then you build yours with C++ back-end and C#/Java front-end? I cannot imagine C#/Java can be fast enough for your high demand back-end.
 
I think it depends on how much % do you want per year. Let's say I am happy with 10% annual return, but your goal is over 50%, then we have different target and way to achieve it. You may need HFT kind of level, but I don't need that for my goal. I am not saying I am lazy and just happy with something like Amibroker, and I may take much longer time to discover something that is easy for serious professional, but I still have a full-time job and doing all of these as part-time own interest so I am fine.

Quote from hftvol:

See this is where you really do not understand the picture, so it seems: This industry, this market is maybe one of the hardest industries in the world to make money. If you are after easy money you are better off in tons of other industries. This is a highly competitive industry where hedge funds and banks plank down hundreds of millions of dollars to get things to work the way they want it to work. This system is not designed for an average "normal" programmer to succeed. Dude, I have worked for over 10 years as professional exotic options market maker (caps, floors, swaptions, and FI structured notes), traded proprietary books on the options and cash equity, and futures side, have traded for over 4 years exclusively foreign exchange products, have known C++ since university, deem myself an advanced C# programmer with intricate knowledge of the CLR and .Net platform and I myself need to work hard every single day, sit for hours in front of the screen, need to constantly re-innovate for what? To STAY COMPETITIVE. You nor anyone else makes money with pipe dreams. If you think you can beat me, or anyone else who spends much more than I could ever imagine to extract alpha in this industry, with a 500 dollar platform or with a little programming here and there then you are absurd. This is not career for a "normal" programmer. Sorry to deliver you this shocking news. If you want to succeed then you gotta work your ass off and work harder than you ever have. The rewards are there but they are not laying on the ground for lazy people to pick up. Period.
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Your words let me come up with these questions:

1. Is it even possible to have regular profit with a simple/not math research paper level strategy?

2. Big profit can only be made with insiders news? Ibanks and others like them may have insiders news, but you don't sound like you have or include this factor in your trading, then are you sure you can beat them or win with them?

If the answer for 1 is possible, then someone designs an alright complicate trading program may has pretty good earning for himself.

Quote from hftvol:

See this is where you really do not understand the picture, so it seems: This industry, this market is maybe one of the hardest industries in the world to make money. If you are after easy money you are better off in tons of other industries. This is a highly competitive industry where hedge funds and banks plank down hundreds of millions of dollars to get things to work the way they want it to work. This system is not designed for an average "normal" programmer to succeed. Dude, I have worked for over 10 years as professional exotic options market maker (caps, floors, swaptions, and FI structured notes), traded proprietary books on the options and cash equity, and futures side, have traded for over 4 years exclusively foreign exchange products, have known C++ since university, deem myself an advanced C# programmer with intricate knowledge of the CLR and .Net platform and I myself need to work hard every single day, sit for hours in front of the screen, need to constantly re-innovate for what? To STAY COMPETITIVE. You nor anyone else makes money with pipe dreams. If you think you can beat me, or anyone else who spends much more than I could ever imagine to extract alpha in this industry, with a 500 dollar platform or with a little programming here and there then you are absurd. This is not career for a "normal" programmer. Sorry to deliver you this shocking news. If you want to succeed then you gotta work your ass off and work harder than you ever have. The rewards are there but they are not laying on the ground for lazy people to pick up. Period.
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Quote from j2ee:

Your words let me come up with these questions:

1. Is it even possible to have regular profit with a simple/not math research paper level strategy?

2. Big profit can only be made with insiders news? Ibanks and others like them may have insiders news, but you don't sound like you have or include this factor in your trading, then are you sure you can beat them or win with them?

If the answer for 1 is possible, then someone designs an alright complicate trading program may has pretty good earning for himself.
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Wow! with each passing day this thread is getting more and more humorous. :D

Here we have one guy going on for days talking about how great he is, and why the only solution to profitability is to code up your own platform, while turning a blind eye to the fact that most people on this forum simply don't have the capability to code their own platform.

And the other guy keeps asking irrelevant amateur level questions. Very soon, we will see hft dude will come again and reply for pages to the OP and the whole cycle will repeat again. LOL.
 
Quote from gmst:

Wow! with each passing day this thread is getting more and more humorous. :D

Here we have one guy going on for days talking about how great he is, and why the only solution to profitability is to code up your own platform, while turning a blind eye to the fact that most people on this forum simply don't have the capability to code their own platform.

And the other guy keeps asking irrelevant amateur level questions. Very soon, we will see hft dude will come again and reply for pages to the OP and the whole cycle will repeat again. LOL.
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I am not professional level yet but also know HFT is not that possible with retail brokerage cost. May be he has his own Investment bank, who knows.
 
Quote from j2ee:

I am not professional level yet but also know HFT is not that possible with retail brokerage cost. May be he has his own Investment bank, who knows.
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Yes your questions make it clear that you are an amateur. Which is fine everyone starts from somewhere.

My recommendation - get a trial of amibroker and if you want, also spend 2-3 weeks working with tradelink to see if you will like to go down that route.
 
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