Creating own trading system

[j2ee]

Quote from gmst:

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.

I am new for total auto trading but not that new for trading in general. I have spent years studying many kind of methods even though a lot of stuff like Elliot Wave may be just a marketing tool.

My own investment is pretty conservative but doing pretty well. The cash that I earn from market can buy a house in USA with pure cash.

 

[j2ee]

Quote from gmst:

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.

I have already tried amibroker for months and AFL is very limited once I want to try out something little bit more complicated.

 

[j2ee]

Just my math and stats parts are not good enough yet. Actually just the stats part can have a standard to consider good or bad, the math part can be anything creative actually.

 

[hftvol]

who said I trade retail. Nobody has if you are serious about building a business around your ideas.

Quote from j2ee:

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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.

 

[NetTecture]

Quote from gmst:

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

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.

Incompetence (don't have the capability to code their platform) is not something that the markets care about. If you do not have the capability to work on the level you must to be successful, you either look for some other things to do, or you get the ability.

 

[gmst]

Quote from NetTecture:

Incompetence (don't have the capability to code their platform) is not something that the markets care about. If you do not have the capability to work on the level you must to be successful, you either look for some other things to do, or you get the ability.

Yes, an inability to truly comprehend how hard it is to be successful in this profession is the reason why 95% people lose money while trading.

 

[j2ee]

Quote from hftvol:

who said I trade retail. Nobody has if you are serious about building a business around your ideas.

So you already get an institution brokerage rate? You may need to trade like 10000 times a day for that!?

 

[NetTecture]

Quote from j2ee:

I read something like this before:

It is very hard to do HFT in Hong Kong because Hong Kong stock exchange server is nothing like USA.

The future/stock tax is too high comparing to USA so it is much harder.

Well it is also true that the amount of HFT in Hong Kong is very small. May be he is a main force doing that in HK already.

Maybe he is also just staying there for other reasons, like taxes. "Staying in Hong Kong" does not mean "Trading in Hong Kong". I am not sure you heard of it, but especially when doing automated trading you can "rent" or "colocate" computers in other countries.

Talking as a German living in Poland (for tax reasons) with trading interest in the USA.

 

[gmst]

Quote from j2ee:

I read something like this before:

It is very hard to do HFT in Hong Kong because Hong Kong stock exchange server is nothing like USA.

The future/stock tax is too high comparing to USA so it is much harder.

Well it is also true that the amount of HFT in Hong Kong is very small. May be he is a main force doing that in HK already.

You are correct HFT in Hong Kong is nothing compared to HFT in US. However, I know for a fact that there is a still a huge amount of HFT happening in Hong Kong. Not only in the stock market but also in the options market. Taxes in general are lower in Hong Kong.

 

[gmst]

Quote from NetTecture:

Maybe he is also just staying there for other reasons, like taxes. "Staying in Hong Kong" does not mean "Trading in Hong Kong". I am not sure you heard of it, but especially when doing automated trading you can "rent" or "colocate" computers in other countries.

Talking as a German living in Poland (for tax reasons) with trading interest in the USA.

This is actually a good point. I have often wondered if it is possible to setup a Dubai based entity, wire your money in that entity and trade from there - solely for the tax purposes. I am sure some folks are actually doing this.