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Ask HN: Anyone making money through algorithmic trading?

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Re: Ask HN: Anyone making money through algorithmic trading?

#101

Post by headmelted »

iliicit wrote: post #99

I made some good money (millions) in 2017 by algo trading crypto. Now in 2018, the bear market is on, but my pnl is still decent. I collected data, trained models, wrote execution strategies, automated everything. I was successful because I was moving fast, trying things, breaking things, etc. While crypto was and still is my turf, I think I could also do well in the stock market. The problem is that the entry barrie…

You made millions of dollars last year then applied for a series of senior developer jobs two months ago?

Re: Ask HN: Anyone making money through algorithmic trading?

#102

Post by optimuspaul »

inputcoffee wrote: post #37

There are a few things to watch out for: 1. Systematic trading doesn't necessarily require an algorithm. For instance this rule might work (over a 5 year horizon, don't try it monthly): "buy very large cap stocks if their P/E goes below 4 and sell if it goes over 10." But you don't need an algo. 2. The market has long bull runs. So you might have an algo that has some long bias. It will seem to perform above chance.…

maybe I'm being naive but "buy very large cap stocks if their P/E goes below 4 and sell if it goes over 10." sounds kind of like an algorithm to me. Maybe it's just a ruleset?

Re: Ask HN: Anyone making money through algorithmic trading?

#103

Post by starpilot »

herve76 wrote: post #24

I built my own intelligent algo trading platform for node.js. It uses market data from Binance and Bitfinex. My best strategy uses unusual volume amounts on Bitfinex to trade on Binance (mostly BTCUSDT and other USDT pairs), an advanced dynamic arbitrage. It can make up to 500-1000 usd per day but not really much more. I started testing a LSTM neural network to optimize the gains and reduce the risks, still early but…

> Feel free to contact me at herve76@gmail.com if you need me to write your own custom trading algorithm.

Why would you do this when you are already making $500/day ($182,500 per year)?

Re: Ask HN: Anyone making money through algorithmic trading?

#104

Post by jeffreyrogers »

samfisher83 wrote: post #3

You probably can't do HFT trading because you need to have capital to reduce latency. Maybe you can rent servers very close to the trading centers, but this still will cost money. You can use http://www.quantopian.com to try out different algorithms. It will tell you how well your strategy works.

There was a great post on HN fairly recently written by someone who used to work in HFT. He talked about how they tapped the incoming network cable to read the incoming prices on an FPGA faster than they could make it through the OS's network stack. I think they were sending out trades in response to the new prices before they would have even made it to userspace on an OS.

Re: Ask HN: Anyone making money through algorithmic trading?

#105

Post by ahagg »

melling wrote: post #12
esaym wrote: post #10

HFT can really bite you if you are not experienced in that area. I'd suggest sticking to trading based on 30 day moving averages.

There are thousands of technical indicators. How and why do you use a 30 day SMA?

I assume they mean price > sma30 is bullish and price PSA: Don't do this

Re: Ask HN: Anyone making money through algorithmic trading?

#106

Post by jeffreyrogers »

BeetleB wrote: post #85

My question for everyone: Where do people get reliable data for back testing? Ideally I'd like data that goes back over 20 years. And with relatively few data integrity issues (e.g. does not exclude companies that no longer exist). Even more important: How do I know my data is accurate?

There isn't an easy answer for this. Large hedge funds have entire teams whose only job is to collect, process, and clean data.

Re: Ask HN: Anyone making money through algorithmic trading?

#107

Post by tclancy »

starpilot wrote: post #103
herve76 wrote: post #24

I built my own intelligent algo trading platform for node.js. It uses market data from Binance and Bitfinex. My best strategy uses unusual volume amounts on Bitfinex to trade on Binance (mostly BTCUSDT and other USDT pairs), an advanced dynamic arbitrage. It can make up to 500-1000 usd per day but not really much more. I started testing a LSTM neural network to optimize the gains and reduce the risks, still early but…

> Feel free to contact me at herve76@gmail.com if you need me to write your own custom trading algorithm. Why would you do this when you are already making $500/day ($182,500 per year)?

I'd have the same question, but note the word "can" in the $500-1000 range. And the lack of how much it can lose in a day.

Re: Ask HN: Anyone making money through algorithmic trading?

#108

Post by westonplatter0 »

ARussell wrote: post #84
timothylaurent wrote: post #25

Earlier quoted context omitted.

You can also plug Quantopian into RobinHood for $0 trades.

Wasn't support for that removed?

Yes, but check out https://www.oanda.com/forex-trading/tools/algo-lab. (not affiliated with them)

Re: Ask HN: Anyone making money through algorithmic trading?

#109

Post by iliicit »

headmelted wrote: post #101
iliicit wrote: post #99

I made some good money (millions) in 2017 by algo trading crypto. Now in 2018, the bear market is on, but my pnl is still decent. I collected data, trained models, wrote execution strategies, automated everything. I was successful because I was moving fast, trying things, breaking things, etc. While crypto was and still is my turf, I think I could also do well in the stock market. The problem is that the entry barrie…

You made millions of dollars last year then applied for a series of senior developer jobs two months ago?

yes, just to see if I'm hireable material - turns out I'm not, lol.
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