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IB introduces automated trading for dummies
- Thread starter qlai
- Start date
all links work for me, you need to try another browser
I don't suppose it does pattern recognition, or mean regression, anything like that? Looks very simple. Maybe too simple. If I ever have time maybe I will check it out. What I would really like is for IB's API to be as simple and well documented and work as good as Alpaca's API, and for IB to work with TradingView charts. This thing looks like the result of a lot of man-hours of work that will actually be a perfect tool for a very small subset of clients but not a mainstream thing and not a satisfactory substitute for a bit of python. Maybe I am just being overly sceptical, I don't know.
Not too bad of a tool. Since it's not IB, hopefully it's more reliable. Thanks for letting us know. Will check it out.
Arcade Trader has the same feature and works with Alpaca, TDAmeritrade and Robinhood, but I have to say that this Capitalise User Interface is really nice in comparison to the Natural Language of Arcade Trader that is more "developer" oriented and less visual.
Interesting. I am sure it will improve over time. I agree, exposing the API would be the way to go, then wrapping it up into a custom UI as buttons and indicators. There are a lot of "visual coding" tools out there they could mimic. I'll swing back and check it out in in a year or so.
I can't understand why some passive formats are becoming more and more popular if now there are so many tools for active and qualitative analysis, because in fact trading is an interesting and even somewhat creative business that requires determination, unexpected solutions, ingenuity, etc. And of course it is a great test of strength. Because this is where you have to keep a lot of moments and things under control. But still, I would choose to work independently, because it allows you to keep everything under control and work with pleasure. Plus it helps to get a better understanding of the economic and political processes in general.
Trading is an interesting and demanding business, but there is no way that rules-based, "robotic process" or algo-trading is "passive", bro. Ohmigod, no.
If you *really* want to see if your balls hang low, set yourself up an algo, and then let it cook/simmer/percolate in a live market. Go away for a while. Have coffee. Play golf. (Try and smell the roses if you can smell *anything* above the fear.)
Jus' sayin.'
["And you LIKE what you's got!" I do. I do at that.]