How many traders can program themselves ?

[Turveyd]

I code software developer for 33 years are, do a bit with MT4, but I trade to get away from coding and don't really believe in automated systems, don't think the market is that easy.

Human brain required IMHO!!

 

[wave]

Python and Rust. Python for testing and validation and Rust for automating it all.

 

[Casual saturday]

I code software developer for 33 years are, do a bit with MT4, but I trade to get away from coding and don't really believe in automated systems, don't think the market is that easy.

Human brain required IMHO!!

Tend to agree with you Turveyd, particularly with respect to automated rule-based signals which should become predictable and thus easier to game, however I suspect that response-time is also an important element at play here.

However, I am also interested about the value of programming perhaps in generating signals/ideas from which point a *human* may then able to differentiate from.

 

[trdes]

I have to say I was surprised when I wasn’t able to find the answer to this question within the archives, so I do apologize if the discussion has already been posted elsewhere...

I am trying to uncover the extent (percentage) of traders who are capable of writing programming code for themselves.

My understanding is that many large firms will have extensive programmers and resources available to write and test code at the direction of their trading desks.

However more specifically, among those traders who are responsible for trading their own books, who are not employed by a large firm, how many of these traders are actively involved in programming to assist in their daily trading?

Just to be clear all the information I gave was based on SUCCESSFUL traders who code and trade. But I don't know of any that do that and have not succeeded. So, it's possible some people can code or know how, but do not mention it to me or I didn't know because what they did wasn't effective.

 

[Casual saturday]

Absolutely trdes - awesome that you were able to highlight your own availability and survivorship biases

But certainly an encouraging start,

"I don't know of any that do that and have not succeeded."

 

[d08]

Python and Rust. Python for testing and validation and Rust for automating it all.

Rust sounds very exciting but from what I've read, libraries aren't there yet. It's likely to be the most important language in a decade or so though.

 

[ironchef]

I have to say I was surprised when I wasn’t able to find the answer to this question within the archives, so I do apologize if the discussion has already been posted elsewhere...

I am trying to uncover the extent (percentage) of traders who are capable of writing programming code for themselves.

My understanding is that many large firms will have extensive programmers and resources available to write and test code at the direction of their trading desks.

However more specifically, among those traders who are responsible for trading their own books, who are not employed by a large firm, how many of these traders are actively involved in programming to assist in their daily trading?

Two different things:

1. Code to test strategies, backtesting.

2. Code to automate trading.

Which one are you talking about?

I recently attended Coursera, learned VBA-excel to code BSM to backtest. But don't have a clue how to code for auto-trade.

I won't call myself a successful trader, just a lucky trader so I should not be part of your statistics.

None of the strategies I studied worked for me.

 

[wave]

Rust sounds very exciting but from what I've read, libraries aren't there yet. It's likely to be the most important language in a decade or so though.

Yes libraries are still lacking.

 

[Casual saturday]

Two different things:

1. Code to test strategies, backtesting.

2. Code to automate trading.

Which one are you talking about?

I recently attended Coursera, learned VBA-excel to code BSM to backtest. But don't have a clue how to code for auto-trade.

I won't call myself a successful trader, just a lucky trader so I should not be part of your statistics.

None of the strategies I studied worked for me.

Truly, both wave, but as d08 and others point out, there are different levels of scope depending on what the trader's objectives are, ie. research and backtesting, automated execution, signal generation etc.

 

[tsznecki]

Code professionally and have automated strategies running in crypto markets.