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Grey Box Scalping
- Thread starter punter
- Start date
Quote from intradaybill:
Interesting, I will take a serious look at it but can you tell me of hand, what can you do with this system you cannot do with Tradestation, Metatrader or Ninjatrader, for example?
Hey intradaybill
Cyborg is a grey box automated strategy builder. It runs over top of front ends like sterling. Some features include creating complex strategies and having them launched automatically from signals generated from Trade Ideas, or trading a basket of correlated or sector related stocks each one running a different strategy managed independently. They have a sim environment, which is free to download and use, where you can forward test strategies then flip a switch and go live. Specific features inside their strategy builder include trailing algos, replenishing orders, timed exits and cancels, and depth threshold technology that will allow you to launch trades when the number of shares reaches a certain number at a specified level.
That is just off the top of my head I would suggest contacting them or going to their website to get a free trial or more info.
Many of our guys have used "Scalper" programs for years. We have various incarnations in use right now. One of the originals came along about 10 years ago from T1CK3R.com ... Greg Rickard, who was one of the original Redi developers. More recently, we've been using a scalping pairs program from our group, Zoe Trading in Texas.
They all take work, all take monitoring and tweaking, but I have to agree with the poster, they are a valuable tool.
All the best,
Don
They all take work, all take monitoring and tweaking, but I have to agree with the poster, they are a valuable tool.
All the best,
Don
Ive been looking into Cyborg. Do you know what the cost is after the free trial? thx jimQuote from ronedawg:
Hey intradaybill
Cyborg is a grey box automated strategy builder. It runs over top of front ends like sterling. Some features include creating complex strategies and having them launched automatically from signals generated from Trade Ideas, or trading a basket of correlated or sector related stocks each one running a different strategy managed independently. They have a sim environment, which is free to download and use, where you can forward test strategies then flip a switch and go live. Specific features inside their strategy builder include trailing algos, replenishing orders, timed exits and cancels, and depth threshold technology that will allow you to launch trades when the number of shares reaches a certain number at a specified level.
That is just off the top of my head I would suggest contacting them or going to their website to get a free trial or more info.
Thx for the answer. I have been a Trade Idea user for a while and would like to automate a simple long only system using IB. Do you have any experience with this? Thanks again for your answer. JImQuote from ronedawg:
forgot to mention that they have a free simulator available to download at any time and is always free.
Quote from punter:
[Now the kicker: what do you think would happen to the ave scalpers profitability if simple automation like this were available in an easily accessible gui requiring no programming experience. [/B]
The avg "professional" scalper's profitability would go up as more and more knuckleheads gravitate to the next, new thing in "scalping platforms" to make them a quick buck. they would then give their quick buck to the pros.
Eventually technology would begin leveling the playing field after a handful of years like it always does, so the good scalpers would see a small decline in success.
But just like front-end trading platforms have opened up trading overall to the average guy over the last 10 years, the pros aren't affected imo. Pro scalpers wouldn't be affected over the long haul either. Scalping tools would simply lead to a newbie's demise sooner due to higher trading frequency and quicker blowups.
Keep Trading.