You need to have some programming skills to set up ZLT auto trading correctly. One of the problems I remember was that the current bar was generating multiple orders due to price movements. This was solved by some coding in the chart program and adding order id on ZLR so there was only one opened trade at the time. Only market orders were possible, it may be different now. We had TWS started manually early in the morning and Amibroker charts set up to start getting quotes at the time the markets open. The rest was done automatically as Amibroker was programmed to disconnect automatically at desired profit/loss for the day or at specific time before market close.
Free automated trading platform, for IB
- Thread starter frostengine
- Start date
You need to have some programming skills to set up ZLT auto trading correctly. One of the problems I remember was that the current bar was generating multiple orders due to price movements. This was solved by some coding in the chart program and adding order id on ZLR so there was only one opened trade at the time. Only market orders were possible, it may be different now. We had TWS started manually early in the morning and Amibroker charts set up to start getting quotes at the time the markets open. The rest was done automatically as Amibroker was programmed to disconnect automatically at desired profit/loss for the day or at specific time before market close.
Innamic, what do you mean by scanner?
And yes I have been working like mad on this thing
And yes I have been working like mad on this thing
For a scanner, say I have a watchlist of 50 stocks and every 5 minutes I would like to totem pole them based on a number of technical indicators each multiplied by a "tuned" weighting factor: like Fast Stoich, Slow Stoich, MACD, and say 5 min bar volume/avg 5 min bar volume.
There are others twists and turns, but this would get the methodology started.
There are others twists and turns, but this would get the methodology started.
It sounds like you have assumed that trade #6 exits before trade #7 enters, i.e., the system only trades a single instrument. However there are lots of traders and lots of systems that trade dozens of instruments at the same time. They have dozens of simultaneous positions. There is no such thing as the last 3 trades.
CoolTrade was developed from the ground up to be a free fully automated point-and-click trading system. It was free for 2 years but now charge $40 a month for the live datafeed, full support and free product upgrades. You can test it with the live simulator before opening an IB account.
There's a full page write-up in this months AAII Computerized Investor and a full page coming up in the next issue of the S&C mag.
Ed
There's a full page write-up in this months AAII Computerized Investor and a full page coming up in the next issue of the S&C mag.
Ed