Using an automated day trader to generate income
fattyfatfat.com
Using an automated day trader to generate income
1–10 of 98 posts
Re: Using an automated day trader to generate income
#2I've been thinking recently about how it would be cool to have a service which allowed you to try different trading algorithms.
For instance, it would have a few algorithms built in, you could choose which you want and with what parameters and then it would monitor how it performs. Also available would be the ability to see how this algorithm would have performed in the past (to see how it worked in bad markets, etc).
It could also have a generic API to allow you to run your own algorithm on your end and simply make calls to BUY and SELL certain things.
(In the future it could even allow _real_ trades, etc. One other cool way to make money off this would be to actually invest in the best performing strategies as they occur over time.)
I'm guessing this is all available to the big firms, but haven't ever heard of anything geared to the hackers who want to try things out.
Does anyone know if this sort of thing exists? Would anyone else think this is neat?
Re: Using an automated day trader to generate income
#3I've been thinking recently about how it would be cool to have a service which allowed you to try different trading algorithms. For instance, it would have a few algorithms built in, you could choose which you want and with what parameters and then it would monitor how it performs. Also available would be the ability to see how this algorithm would have performed in the past (to see how it worked in bad markets, etc)…
http://www.tradestation.com/platform/overview.shtm
This should do the trick. I've never tried it myself but certainly looks interesting. I know of a few people who use it to try out different systems.
Re: Using an automated day trader to generate income
#4I've been thinking recently about how it would be cool to have a service which allowed you to try different trading algorithms. For instance, it would have a few algorithms built in, you could choose which you want and with what parameters and then it would monitor how it performs. Also available would be the ability to see how this algorithm would have performed in the past (to see how it worked in bad markets, etc)…
http://www.tradestation.com/platform/overview.shtm This should do the trick. I've never tried it myself but certainly looks interesting. I know of a few people who use it to try out different systems.
Nice, thanks!
Re: Using an automated day trader to generate income
#5Earlier quoted context omitted.
http://www.tradestation.com/platform/overview.shtm This should do the trick. I've never tried it myself but certainly looks interesting. I know of a few people who use it to try out different systems.
Nice, thanks!
- or - You can try the free metatrader if you're less serious.
Re: Using an automated day trader to generate income
#6If you thought something were profitable in a market, and it was easy enough to implement that any hedge fund could, why would you publish it? They'd just do it too until it was no longer profitable.
Re: Using an automated day trader to generate income
#7If you thought something were profitable in a market, and it was easy enough to implement that any hedge fund could, why would you publish it? They'd just do it too until it was no longer profitable.
On the other hand, if you thought something was highly risky and likely to succeed only for a short time before blowing up, why not publish it, then bet against it? :)
But seriously -- the author's comments seem to indicate that he is not totally comfortable with the technique and that he is aware it could lose, even though it didn't in this case.
Re: Using an automated day trader to generate income
#8I'm actually working on a startup in this space. Nice to see some HN people share a similar interest
Re: Using an automated day trader to generate income
#9If you thought something were profitable in a market, and it was easy enough to implement that any hedge fund could, why would you publish it? They'd just do it too until it was no longer profitable.
I don't expect wikipedia to be a reliable source of information on this topic, but there is an entry that claims that hedge funds already do this sort of thing:
http://en.wikipedia.org/wiki/Program_trading
Re: Using an automated day trader to generate income
#10I've been thinking recently about how it would be cool to have a service which allowed you to try different trading algorithms. For instance, it would have a few algorithms built in, you could choose which you want and with what parameters and then it would monitor how it performs. Also available would be the ability to see how this algorithm would have performed in the past (to see how it worked in bad markets, etc)…