You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Do not post please, It is Only For Me
- Thread starter mcgene4xpro
- Start date
http://edgesense.net/?p=110
After a year of intensive work I would say that Multicharts is suitable for automated live trading provided the following criteria are met:
The strategy is not a higher frequency one and
The size traded does not affect price much causing partial fills or
1 to 3 pips slippage on entry and exit is not too harmful for the system.
After a year of intensive work I would say that Multicharts is suitable for automated live trading provided the following criteria are met:
The strategy is not a higher frequency one and
The size traded does not affect price much causing partial fills or
1 to 3 pips slippage on entry and exit is not too harmful for the system.
tradelink
Registered: Feb 2008
Posts: 562
07-07-11 07:06 PM
HFT is a pretty abstract term that can refer to many different styles of trading.
If you have an HFT strategy that is a pure market-making/matching strategy, this could be considered in the purest sense for not moving the market.
Many HFT strategies are taking directional positions though, if only for a short time they are still trading and taking positions and can affect markets. This could happen either by interacting with discretionary traders, automated traders using non-HFT, as well as other HFT strategies.
On other side in a practical sense and as flash crash indicated and many of the HFT firms pulled out of the markets, the liquidity dries up and this also has indirect effect of moving the markets.
Again it depends on the specific strategy employed, but in a pure theoretical/ideal sense it may be correct to say HFT doesn't move markets (or shouldn't move markets), but I think practically they do and how much so depends on the specific strategy.
Registered: Feb 2008
Posts: 562
07-07-11 07:06 PM
HFT is a pretty abstract term that can refer to many different styles of trading.
If you have an HFT strategy that is a pure market-making/matching strategy, this could be considered in the purest sense for not moving the market.
Many HFT strategies are taking directional positions though, if only for a short time they are still trading and taking positions and can affect markets. This could happen either by interacting with discretionary traders, automated traders using non-HFT, as well as other HFT strategies.
On other side in a practical sense and as flash crash indicated and many of the HFT firms pulled out of the markets, the liquidity dries up and this also has indirect effect of moving the markets.
Again it depends on the specific strategy employed, but in a pure theoretical/ideal sense it may be correct to say HFT doesn't move markets (or shouldn't move markets), but I think practically they do and how much so depends on the specific strategy.
ModulusFE
ET Sponsor
Registered: Nov 2002
Posts: 83
09-13-11 07:51 PM
Yes it is worth it, a hundred thousand times over. This is a real investment in yourself.
Learn a real programming language and free yourself from all these platforms. They're designed to keep you hooked.
Make sure that you learn using Visual Studio or SharpDev. Don't try to learn programming inside of a trading platform that "extends" C#. They still have you on the hook that way, with their proprietary libraries.
Buy a book such as "Learn C# in 24 days". There are plenty of books (although they're not really geared for trading).
We offer a free hands-on introductory course for programming in C#, designed with the trader in mind. It will take you from zero experience to building your own technical indicators in less than a week. Drop us an email to sign up, it's free.
__________________
Modulus Financial Engineering, Inc.
Trading software components, tools and consulting.
http://www.modulusfe.com
ET Sponsor
Registered: Nov 2002
Posts: 83
09-13-11 07:51 PM
Yes it is worth it, a hundred thousand times over. This is a real investment in yourself.
Learn a real programming language and free yourself from all these platforms. They're designed to keep you hooked.
Make sure that you learn using Visual Studio or SharpDev. Don't try to learn programming inside of a trading platform that "extends" C#. They still have you on the hook that way, with their proprietary libraries.
Buy a book such as "Learn C# in 24 days". There are plenty of books (although they're not really geared for trading).
We offer a free hands-on introductory course for programming in C#, designed with the trader in mind. It will take you from zero experience to building your own technical indicators in less than a week. Drop us an email to sign up, it's free.
__________________
Modulus Financial Engineering, Inc.
Trading software components, tools and consulting.
http://www.modulusfe.com
StarDust9182
Registered: May 2011
Posts: 282
05-04-12 04:47 PM
Beyond HFT there is another even worse scenario I have been troubled thinking about for a few years now. HFT is not really a significant threat to traders in my view. It simply toughens the game.
Let's for this thread assume a zero sum game and a government intent on ensuring profits for their financial campaign contributors.
It seems to me that facism can rise when civilizations fail. So, as computer power grows and record-keeping increases, will we reach a day when every trader and trade can be correlated and used by giant computers and mega databases to ensure that only the deepest pocket traders win.
Could an algorythm be built that takes into account each trader's estimated capital size and position direction, estimated tolerance for risk etc. , to effectively and systematically, wipe them out one by one over a long period of time as temporary liquidity pockets occur?
In the long run, I believe every trader potentially loses. Mathematically, I think that is very simple to show. The investment banks and market makers don't lose because the political system backstops them through Too Big To Fail. You and I are simply canon fodder - perhaps some of us a big more tasty.
More to the point - Is such an algorythm in development as we speak? Does it already exist? Would traders recognize that before it was too late? How?
Registered: May 2011
Posts: 282
05-04-12 04:47 PM
Beyond HFT there is another even worse scenario I have been troubled thinking about for a few years now. HFT is not really a significant threat to traders in my view. It simply toughens the game.
Let's for this thread assume a zero sum game and a government intent on ensuring profits for their financial campaign contributors.
It seems to me that facism can rise when civilizations fail. So, as computer power grows and record-keeping increases, will we reach a day when every trader and trade can be correlated and used by giant computers and mega databases to ensure that only the deepest pocket traders win.
Could an algorythm be built that takes into account each trader's estimated capital size and position direction, estimated tolerance for risk etc. , to effectively and systematically, wipe them out one by one over a long period of time as temporary liquidity pockets occur?
In the long run, I believe every trader potentially loses. Mathematically, I think that is very simple to show. The investment banks and market makers don't lose because the political system backstops them through Too Big To Fail. You and I are simply canon fodder - perhaps some of us a big more tasty.
More to the point - Is such an algorythm in development as we speak? Does it already exist? Would traders recognize that before it was too late? How?
RedRat
Registered: Sep 2006
Posts: 182
04-21-11 09:39 AM
Quote from Benster:
I am looking for software which can execute a trading system through the API on Currenex. The only system I have come across so far is is Openquant which I have not tested yet. All suggestions are welcome!
I have seen some contracts on www.getacoder.com for APIs to be written for Ninjatrader to connect to Currenex. If you have any experience of this please let me know.
Thanks
Hi, you have multiple options:
1) you can code for Ninjatrader
it connects to Currenex via FIX protocol, I think that no third-party API are needed. Ninja costs you additionally $50/month and you need to configure and monitor it
2) you can code directly for FIX protocol, there are libraries you can use like quickfix, but it is complex for non-programmers
IMHO, this is the most stable solution
3) you may use Forex providers who pass all your trades to Currenex via STP, I believe Alpari supports this and other dealings do this. Then you can trade via MetaTrader and use its API and MQL language
RR
Registered: Sep 2006
Posts: 182
04-21-11 09:39 AM
Quote from Benster:
I am looking for software which can execute a trading system through the API on Currenex. The only system I have come across so far is is Openquant which I have not tested yet. All suggestions are welcome!
I have seen some contracts on www.getacoder.com for APIs to be written for Ninjatrader to connect to Currenex. If you have any experience of this please let me know.
Thanks
Hi, you have multiple options:
1) you can code for Ninjatrader
it connects to Currenex via FIX protocol, I think that no third-party API are needed. Ninja costs you additionally $50/month and you need to configure and monitor it
2) you can code directly for FIX protocol, there are libraries you can use like quickfix, but it is complex for non-programmers
IMHO, this is the most stable solution
3) you may use Forex providers who pass all your trades to Currenex via STP, I believe Alpari supports this and other dealings do this. Then you can trade via MetaTrader and use its API and MQL language
RR
TradeViper
Registered: May 2006
Posts: 487
02-06-09 10:34 PM
PFG Forex contact, Ryan Hansen. Ask him about segregation of funds, if they trade against you, do they hunt stops etc. Get a CurreneX demo. The only drawback is you will need a "FIX engine" for advanced charting solutions, such as Neoticker etc.
A while back I met a "hedge fund" manager who was looking for a broker, I recommended PFG, after he talked to them, he called me back to curse me out about, "Who are these *(&()&)(&)(*)()(, and who do they think they are, I'm not going to sign an "own funds letter" and you are a &(*&*&)((*(()*&*&*( if you are with these people", I said well it is part of their compliance, he cursed again and hung up. This person is from Florida and recently made the news, "all the money is gone, and clients suspect he was running a Ponzi scam", so we see why he did not want to sign an own funds letter. PFG lost a client because of being very strict in applying Futures Rules to Spot C, even before the big crackdown, but its my observation that its how they roll.
Other than Woodie, which Ryan has nothing to do with, they are really good eggs. They are expensive but it seems they comply with the regs right down the line, Ryan and also the trade desk are very helpful, and so is the tech help.
By the way I had a hand in helping develop the protrader, so try that to.
Anyway this is what I know, and your experiences may differ, so remember due dilligence
The Ever Not Being An IB For PFG VIPER
Registered: May 2006
Posts: 487
02-06-09 10:34 PM
PFG Forex contact, Ryan Hansen. Ask him about segregation of funds, if they trade against you, do they hunt stops etc. Get a CurreneX demo. The only drawback is you will need a "FIX engine" for advanced charting solutions, such as Neoticker etc.
A while back I met a "hedge fund" manager who was looking for a broker, I recommended PFG, after he talked to them, he called me back to curse me out about, "Who are these *(&()&)(&)(*)()(, and who do they think they are, I'm not going to sign an "own funds letter" and you are a &(*&*&)((*(()*&*&*( if you are with these people", I said well it is part of their compliance, he cursed again and hung up. This person is from Florida and recently made the news, "all the money is gone, and clients suspect he was running a Ponzi scam", so we see why he did not want to sign an own funds letter. PFG lost a client because of being very strict in applying Futures Rules to Spot C, even before the big crackdown, but its my observation that its how they roll.
Other than Woodie, which Ryan has nothing to do with, they are really good eggs. They are expensive but it seems they comply with the regs right down the line, Ryan and also the trade desk are very helpful, and so is the tech help.
By the way I had a hand in helping develop the protrader, so try that to.
Anyway this is what I know, and your experiences may differ, so remember due dilligence
The Ever Not Being An IB For PFG VIPER
"The high frequency firms that did stop trading on May 6 have been criticized for contributing to the
decline by pulling liquidity from the market when it was needed most. But Narang told me that his firm
had no choice because the exchanges were likely to cancel, or break, trades that were clearly
erroneous (like selling Accenture at a penny a share). âIf the exchanges broke all our buys and not
our sells, we could have exceeded our capital requirements,â he explained. âWe didnât want to take the
risk. The high frequency traders who continued to trade that afternoon made a fortune."
decline by pulling liquidity from the market when it was needed most. But Narang told me that his firm
had no choice because the exchanges were likely to cancel, or break, trades that were clearly
erroneous (like selling Accenture at a penny a share). âIf the exchanges broke all our buys and not
our sells, we could have exceeded our capital requirements,â he explained. âWe didnât want to take the
risk. The high frequency traders who continued to trade that afternoon made a fortune."