This sounds very familiar. I also went through this learning process. You may lose some money along the way, but that is to be viewed as tuition fee.
My stab at an automated trading system
- Thread starter Bigchazza
- Start date
Lol themickey! But, erm, that is ultimately what these things are meant to be, is it not?....the enthusiasm comes kind of natural from the anticipation one is creating a self home grown push button operating money spinner.
TBH I think the enthusiasm comes from the feeling (illusion) of knowing what I am doing. If I were just learning about trading from books etc and then trying to put it into practice, very unlikely I'd feel in any kind of control by now. But doing it all through code makes it all fit into place more easily. Even if I'm coding up a pile of guesswork and baseless assumptions!
Yep already have lost money. But I've gone most of the way to earning it back. Not that I won't lose it again!
Ya, tongue in cheek, just teasing.
I code, super fun and it works!!!
I suppose coding is a little bit like knitting yourself a jumper, it needs to fit you in many ways, size, color, style, how many pockets.
I have numerous algos in my arsenal, short term, longer term, bear mkt, bullmkt, USA & ASX & Europe, & Global & Emerging mkts & UK mkt algos, sentiment algo, ETF's, Stop loss systems, Portfolio statistics checking.....
However I don't automate, no need to, I trade longer term and there is discretionary ways I come to decisions. Algos number crunch to arrive at choices where I then use discretion prior to hitting the 'fire' button.
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Which language mainly?
Started and finished in Amibroker, now I do everything in automatically updated spreadsheets, googlesheets.
I find using sheets easier and the formulas are better, also I get data which I couldn't get from my prior data supplier Norgate.
So my current data for sheets is delayed data (about 50 minutes I find), but that's ok as in tandem I run live data via IRESS and I have on display streaming data.
I don't bother staring at charts, I just run number crunching databases and I dont code for indicators, although at times I refer to MA's, they are not key to anything I do.
Basically I'm a breakout trader looking for surprises or stuff which have been hammered down.
I sit and wait, last trade was about a week ago, I hold up to 60 positions, currently in about 20.
Nice.
BTW, you can get free intraday stock data from tiingo.com, into Excel with the WEBSERVICE function. I suspect Sheets has a similar function.?
I use google data and run everything on cloud via chromebooks/Pixelbooks, strangely they said long ago of discontinuing the data, but I can still get it (googlefinance data).
It's meant to be 20 minutes delay but it works out up to 50 minutes I find - for ASX.
Yeah, I remember when they 'canceled' it. Some websites reveal how to still get it.
I suspect that if too many start using 'the loophole,' NASDAQ will force them to close it.