Newbie question

[expiated]

A good way to start might be to partner with an experienced trader with a manual process that you can automate. You can learn from him and you can create a systemic process for him/her.

I totally agree with this. I have a manual process that I tried to automate by modifying a MetaTrader 4 expert advisor and I could see the potential for the system to generate profits left and right. But unlike you pcll99, I don't have a single year of experience in C/C++ or any other programming language. If I did, I might possibly be able to write code that would properly execute every facet of my system all on its own.

If you hook up with an experienced trader after their having verified their process for you, it might save you the multiple years it can take to develop a profitable system on your own via reading books and whatnot—and I don’t think I’m exaggerating. Best of luck to you!

Is the FX market a better place to start than the equity market?

(P.S. I developed my system trading Forex, but since that's now completed, I began working on adapting my approach to trade indices just yesterday, and with my system at least, it's looking like the underlying principles are just as workable with respect to equities and commodities as they have been with foreign currency pairs. I would imaging that it might or might not depend on the particulars of the specific methodology you ultimately settle on.)

 

[Handle123]

I have found automation searches for best patterns to be found and discards inferior patterns or lower percentage patterns. It monitors volume, intraday patterns if seeking trades on daily/weekly, whatever you can think of depending on how many filters one has for signal to be viable.

BUT before going into programming for automation, you better be able to breath chart reading ability and no indicators, learn how to draw trendlines, patterns, failures, protective stops, extreme formations/ending of trend to stop signals. Concentrate more on drawdowns than making money, get drawdown percentages low so you have confidence going in, only area you can control the most is risk. Took me a solid three years to learn enough about charting long long ago when I had to do by hand, and you have to be open on always be studying.

Excellent free site on charting.
http://thepatternsite.com/index.html

Free software and data till you use it in real time.
https://ninjatrader.com/LP/FreeDown...ng software demo&utm_content=Trading Software

Paid charting software.
http://www.nebadawn.com/

Good luck

 

[viruscore1]

Hi! This is my first post.

Is there a FAQ or a thread for newie?

I have 20 years of experiences in C/C++, but I have never try algorithmic trading before. How do I get started?

Are there some books I could read? thanks...

is the FX market a better place to start than the equity market?

Many brokers have api's for data, analysis and trade execution, find them and checkout docs. You'll need to partner with a experienced successful trader to cut the learning curve. Or you'll spend and 10 years learning how to become a profitable trader. Pm me where are you located?

 

[qlai]

Are there some books I could read? thanks...

I think Perry Kaufman's books would be good starting point

 

[viruscore1]

I think Perry Kaufman's books would be good starting point

Here's a step into your 10 year learning curve.

 

[sle]

I have 20 years of experiences in C/C++, but I have never try algorithmic trading before. How do I get started?

Go work for an HFT firm. If your C++ is good, you will be minting very soon and learning stuff in the meantime. Give it a few years and you'll be able to go to another firm as your own man, with a nice profit split.

 

[MattZ]

experiences in C/C++

We can provide API for these languages over Futures, and you experiment with it until you go live.

 

[wildchild]

Thanks, I do have some trading experiences. I've done some trading in the past (10 years ago), mostly equity derivatives (eg derivative warrants).

I attempted CFA Level I 5 or 6 years ago, but alas, couldn't make it.

So I guess I know the basics of trading: fundamental and technical analyses.

Basically, this is what I was thinking of doing:

(1) In the morning, find something which technical indictors give a good buy signal (eg, RSI, Stochastic, Bollinger Bands, 10-day moving average moving above the 250-day)
(2) Do some more analyses on it (eg economic, fundamental analysis, momentum)
(3) Buy it
(4) sell it if it loses more than 10 to 15% before end of day.
(5) or sell if it makes more than 20% before the end of day, for instance.

Then do it. Get an account at brokerage that has a C/C++ api, code up your algo, and start trading. What are you waiting for?

 

[lilla]

Hello. Guys and not some kind of program that would collect information and analyze it?

 

[viruscore1]

Wouldn't a successful algo be more profitable being traded vs writing a book disclosing secrets