You unfortunately might hit some trademark issues with AWS's Cloud9 https://en.wikipedia.org/wiki/Cloud9_IDE.
Cloud9Trader – Simple, powerful platform for algorithmic trading
21–30 of 46 posts
Re: Cloud9Trader – Simple, powerful platform for algorithmic trading
#22Earlier quoted context omitted.
Most of those who actually have a non-trivial attempt at it think they're doing it because they're working with a large amount of data and doing "backtesting", but that's well below table stakes. Can you define "table stakes" used here? The tone is a bit dismissive, but if there are individual investor doing algo trading with a few $100k and making some multiples of 10% gains annually, in bear and bull markets, seems…
Before I answer your larger question, I'm going to outright contest this particular claim: > a couple of these people post here on occassion. I'd be frankly shocked if there are more than five people active on HN who are "doing algo trading with a few $100k and making some multiples of 10% gains annually, in bear and bull markets" on their own, with no outside capital. There might be folks automating some kind of tra…
An example: https://news.ycombinator.com/item?id=16796028
To clarify; if you read this persons history, they have automated a strategy that’s been very profitable, according to them. Is this algorithmic trading in the same sense you mean?
Re: Cloud9Trader – Simple, powerful platform for algorithmic trading
#23Earlier quoted context omitted.
I do some algorithmic trading and automated investment in the crypto space. I trade intra-exchange and do arbitrage between pairs (tri-arb). I also occasionally rebalance into an index of coins I like. Note that I do this at a fairly small scale, so not sure if my answer really matters much. Although there are a lot of platforms for trading crypto, when it comes to arb, I found that you need to have control over a lo…
Don't the fees negate the profitability of this strategy? How often do you see the spread between the rates achieving profitability when factoring in taker fees?
Trades are only triggered when profit is > fees. Depending on the market there can be fairly large opportunities popping up (on the thousands) a few times an hour. In a triangle, you only need 1 of the 3 pairs to have an inefficiency in the book to trigger a trade.
During the december craze: very profitable. Now: better than not trading.
If I were american and had to pay higher taxes on short term gains, it would probably not be worth it.
Re: Cloud9Trader – Simple, powerful platform for algorithmic trading
#24- Keep your algo simple and match them with observed patern vs gain
- Apply algo between 9:30am and 1:00pm (greatest price movement)
- Keep in mind, greed is the destroyer...small gain but often and constant
Re: Cloud9Trader – Simple, powerful platform for algorithmic trading
#25- Keep your algo simple and match them with observed patern vs gain - Apply algo between 9:30am and 1:00pm (greatest price movement) - Keep in mind, greed is the destroyer...small gain but often and constant
> match them with observed patern vs gain
Can you elaborate on this?
Re: Cloud9Trader – Simple, powerful platform for algorithmic trading
#26Anyone who does algorithmic trading, what platform do you use? Do you roll your own? I’ve had a passing interest in this field for years but have not done anything myself.
Another question to who does algorithmic trading, is a software / engineering education with a strong math and data analysis useful to get into that? Do you have some particular resource where someone can start to approach it?
You can get a degree in it. I've considered applying,(i live in Atlanta) but I have a family to feed and can't just quit my job for a new degree. Also most of the big money is in NYC so you'll likely move...but you'd retire in 10 years because you either made a lot of money, or have a lot of stress.
https://www.scheller.gatech.edu/degree-programs/interdiscipl...
Re: Cloud9Trader – Simple, powerful platform for algorithmic trading
#27- Keep your algo simple and match them with observed patern vs gain - Apply algo between 9:30am and 1:00pm (greatest price movement) - Keep in mind, greed is the destroyer...small gain but often and constant
> match them with observed patern vs gain Can you elaborate on this?
- Don't buy at the opening bell
- Volume = momentum (apply law of gravity here)
- Algo must reflect the Day Traders "spirit" (profit taking = specific % downward)
- Uniform circular motion is the key
Re: Cloud9Trader – Simple, powerful platform for algorithmic trading
#28Earlier quoted context omitted.
Most of those who actually have a non-trivial attempt at it think they're doing it because they're working with a large amount of data and doing "backtesting", but that's well below table stakes. Can you define "table stakes" used here? The tone is a bit dismissive, but if there are individual investor doing algo trading with a few $100k and making some multiples of 10% gains annually, in bear and bull markets, seems…
Before I answer your larger question, I'm going to outright contest this particular claim: > a couple of these people post here on occassion. I'd be frankly shocked if there are more than five people active on HN who are "doing algo trading with a few $100k and making some multiples of 10% gains annually, in bear and bull markets" on their own, with no outside capital. There might be folks automating some kind of tra…
> The implicit idea of "algorithmic trading" is that an automated trading strategy can capitalize on an (empirically true) hypothesis about the world.
Bingo !
Re: Cloud9Trader – Simple, powerful platform for algorithmic trading
#29You unfortunately might hit some trademark issues with AWS's Cloud9 https://en.wikipedia.org/wiki/Cloud9_IDE .
Re: Cloud9Trader – Simple, powerful platform for algorithmic trading
#30Cloud 9 trader is the exact name of a voip dealerboard that’s used in the industry right now.