check out https://www.quantopian.com/
Ask HN: How do I get started with Algo trading?
11–18 of 18 posts
Re: Ask HN: How do I get started with Algo trading?
#12Earlier quoted context omitted.
I gave up ~3 years ago. I had to choose between aggressively pursuing low-paying trading jobs or being pursued for high-paying tech jobs. The decision was pretty easy for my family and me. As we'd say in the industry, I went were the edge was. I'd recommend doing the same -- the security, stress level, work/life balance, work environment, and transferability of skills is much better in tech than trading. Put concisel…
> I'd recommend doing the same... Sadly this advice only applies to USA... E.g. UK has such an over-abundance of IT workforce that tech salaries are significantly below US despite comparable cost of living.
What makes you think there is an over-abundance of (skilled) IT workers in the UK?
Re: Ask HN: How do I get started with Algo trading?
#13Surely you'll find interesting Stockfighter [1], a trading game developed by three members of this community; Erin Ptacek (elptacek), Thomas Ptacek (tptacek) and Patrick McKenzie (patio11). [1] https://www.stockfighter.io
Do those people have enough insight/experience for the domain?
Re: Ask HN: How do I get started with Algo trading?
#14u should be in financial engineering for algo development.get nt7 and test b/s signal.more thing u should have a good money management rule with wyckoff/pitch fork rules etc. u should have good understanding on OFA/MP too.
Re: Ask HN: How do I get started with Algo trading?
#15Earlier quoted context omitted.
I gave up ~3 years ago. I had to choose between aggressively pursuing low-paying trading jobs or being pursued for high-paying tech jobs. The decision was pretty easy for my family and me. As we'd say in the industry, I went were the edge was. I'd recommend doing the same -- the security, stress level, work/life balance, work environment, and transferability of skills is much better in tech than trading. Put concisel…
> I'd recommend doing the same... Sadly this advice only applies to USA... E.g. UK has such an over-abundance of IT workforce that tech salaries are significantly below US despite comparable cost of living.
I would argue the lower salaries are for societal reasons (health care, cheaper university tuition, etc) more so than Europeans coming to work in the UK. Consider AmaGoogBookSoft salaries in London: lower but not scandalously so.
Re: Ask HN: How do I get started with Algo trading?
#16There was an almost identical post about 3 weeks ago here.
Let me state flat out that I don't think there are any good books about algorithmic trading all all.
Most will talk at surface level about what they are doing but non will give you a start to finish example that can be deployed with a brokerage like interactive brokers. Trading & Exchanges I see was recommended. I'd skip it, most(All?) trading strategies that the average person will come up with won't be market micro structure related, and if it is then I'm going to flat out state that you've lost before you started.
If you really want to get into it, then please don't start with machine learning.
I've said this many times but ask your self:
- "what machine learning techniques could I apply that 100 fresh PHD's haven't done on their first week at a hedge fund?"
- "What data source do you have that the average hedge fund doesn't have access to"?
- "What market insight do you have that someone whose done this for years doesn't have?"
If after all that you still want to get started then honestly your best bet is to start with quantopian. Don't look at market data changes at a granularity of less than 1 day until you can create a strategy on your own that makes money.
Quantopian can give you access to a backtesting platform and clean market data, which is the step most people get stuck on, and usually quit at.
Once you've found a strategy that makes money, put your money into an account with Interactive brokers, If after 3 months you still want to continue then start looking at market data slices of less than one day.
Tl/DR
- first step is don't
- second step is to focus on time slices of 1 day or more
- third, put your own money into action on you strategy for 3 months
- fourth step, there is a very small chance you'll make it this far, look at time slices of less than a day. At this point you can start to apply machine learning and build your own software. Even at this stage you are more likely to be an ATM for a hedge fund than you are to make money.
Good luck
Feel free to reach out to me, personal email in profile if you'd like to chat.
Re: Ask HN: How do I get started with Algo trading?
#17hi, yes there is an excellent online course developed called trading strategy launch framework, helped me go from zero to cracking hubdreds of robust strategies
Re: Ask HN: How do I get started with Algo trading?
#18hi, yes there is an excellent online course developed called trading strategy launch framework, helped me go from zero to cracking hubdreds of robust strategies
can you share the online course?