IMHO A better idea would be to showcase what you already have (or more precisely, what you're capable of) and we can give you a feedback for further improvement.
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What problems do you face as a trader that can be solved with software?
- Thread starter gaussian
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IMHO A better idea would be to showcase what you already have (or more precisely, what you're capable of) and we can give you a feedback for further improvement.
Software that can build a successful type of flying car. Because then I could trade the company that makes it, and be rich beyond the dreams of avarice.
I was thinking more along the lines of:
Can you imagine a line of briefcases needed to fit all different models, some with fine leather craftsmanship and others molded to look like dead cat bounce...….
opps excuse me.
"I'm trying to steal strategies here", that did not cross my mind in an instance.
I could be wrong, but likely newer traders don't have a clue what they need, so no money or fruitful ideas generated rolling in there. And most of retail don't know what they need either, so most likely targeting the breakeven to slightly profitable trader who can't do for themselves, didn't learn to program.
But most everyone think they are genius' and all working on the next greatest secret strategy and they working under a sheet.
How about "news"? like a rolling thin tape at bottom of screen of just news from dozens of sources, it can report all forex reports 24 hours a day for couple different agencies, then off you next part of the world of their news at certain times and when dividends announced, splits, etc etc etc.
There is so much free stuff already, not sure if what might be needed is worth your effort. And if you trying to generate something on the side, I would go with tried and true, similar business polished different way, why reinvent a good thing.
I am a trader for hobby (see handle name) and programmer for hobby. Over time I made various programs which help in several aspects related to what I do:I wasn't sure where to put this (it didn't really fit into programming) ...and the title isn't great but I'll explain.
There are a lot of problems in trading us traders experience day-to-day that could either make our strategy development easier, research easier, or platforms easier. A very simple example is how bad the EDGAR API is from the SEC. If you wanted to wholesale analyze hundreds of companies and compare their multiples this would take ages. As a result, a number of companies are offering APIs that wrap the EDGAR API for a small fee that make this task considerably easier. The problem of chart consistency across computers is mostly solved by Tradingview.
I'm a programmer by trade, and I trade for fun. My programming chops aren't really being tested by my strategies which are mostly swing trading/long term trading given my risk preferences. As a result, I don't have any visibility in other forms of trading. I've been programming for years and I'd like to actually build something useful to the community of traders. Maybe learn a few new things along the way.
I figured I'd post here and ask you guys what I can build to help you out. I'd like to collect a bunch of ideas and perhaps pursue a few of them - maybe even creating a service to help people (or, failing that, releasing it completely free). So, what is something you'd be willing to pay a few bucks a month for that would help your trading, but doesn't exist or conversely exists but completely sucks to use?
1. I have two specific programs running 24/7 which monitor my accounts and place trades if the actual position(s) size deviates from the desired position(s) size.
2. I have programs that can show me some graphs (e.g. account value, daily PnL) on demand. And programs that can show OHLC candlestick charts for a selected instrument. Or can calculate correlation between two accounts or instruments. Thus these are a bunch of analytical helper programs to replace Excel activities which I used to do on a regular basis.
3. For a while I did ES day trading (not any more), using IB's TWS. I was not happy with the way I had to build a bracket exit order in TWS so I made a program where I could do that with the push of one button. Previously I had other programs to help me with TWS. I would call these kind of things a trading helper program.
As you can see: most of this are helper programs to make my life easier, reducing the amount of work I need to do myself. However, these activities are very specific to my case, and may not apply to others. If I would have a need for a new helper program for something I would most likely not go and search on the internet, but just build it myself.
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