Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
-
Welcome Guests
Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.
-
Similar Content
-
By TopAlgo
Wrote a algo bot based on OP’s concept in this post where he made 20k+ before getting banned by Robinhood.
/r/wallstreetbets/comments/j0giqu/robinhood_banned_me_for_making_too_much_money
Basically OP just used a click bot/ keystroke script on a android emulator with the Robinhood app to submit a buy order 1 cent above the bid, canceling 100ms later if not filled and repeat till filled, once filled immediately do the same on the ask to exit. Makes you best bid and ask always without updating the NBBO.
Made a bot to do exactly the same as OP in the other post, except instead of a click bot I used Robinhood’s internal API + python script configured for speed. Making it faster and easier than OP’s to use. Also has code to limit it to 390 or less orders per day to keep it from triggering professional status with Robinhood.
https://imgur.com/a/uv6yNoL
Example: VXX call option, lets say the bid/ask is .16 X .21
The bot would flash a buy order at .17 every 100ms, once filled it flashes a sell order every 100ms at .20. You are providing a better price/ liquidity without the NBBO updating and paying zero commission for it.
I normally trade with Schwab, but opened an account with Robinhood just to run this bot. Used the profit from their free stock to test it out on VXX options.
Only thing you really have to lookout for is volume traded on the option. Wana go for options like VXX, GOOG, AMZN and others where the spread is wider and have volume, OP does the same with his bot.
Why this works:
A couple reasons why, first off because of zero commission, you keep all the money you make off the spread.
Second, this type of algorithmic trading is called market making or more generally providing liquidity. In principle, the apparently free money is compensation for helping the markets to be liquid. The more people do this, the tighter the spread will be and the greater liquidity will be available on each side.
https://imgur.com/a/S6O8h6d
tldr: Robbin the Hood, making money at Robinhood's expense with a bot and not getting banned.
Currently using it, will post future updates.
Download link : https://app.simplegoods.co/i/PRWTMIQP
Its 3 python source files and a readme, All you need it python 3.9 installed and a Robinhood acc
-
By marty_trader
found this link over on EliteTrader and loved it. Very inspiring for someone like me who is building my own trading code from the ground up
what are your thoughts on this?
https://fxgears.com/index.php?threads/python-development-environment-jacks-technology-stack.1090/
guy writes an algo platform from scratch in python and connects it to multiple brokers and data sources nutz
-
-
Topics
-
-
Posts
-
By HFblogNews · Posted
Date: 22nd January 2025. Netflix Earnings Surge Driving the NASDAQ to Monthly Highs! The NASDAQ increases in value for a fourth consecutive day, gaining momentum after Netflix stocks rise more than 15%. Earnings reports are gaining speed for the technology sector, but why has Netflix stocks seen such a high and sudden rise in demand? Netflix Stocks Increase 15% Supporting the NASDAQ! Netflix stocks have been one of the best-performing stocks within the NASDAQ, rising more than 79% in 12 months. However, even for Netflix, a 15% rise in less than 24 hours is considered substantial. The quarterly earnings report was made public by Netflix after the market closed on Tuesday. The earnings report confirmed the following: Netflix beat their earnings per share expectations - $4.27 reported vs $4.21 expectations. Netflix’s revenue surpasses the previous quarter - $10.25 billion this quarter vs $9.82 billion in the previous quarter. The online streaming company confirms projects to expand into live sport and event streaming will proceed. In addition to this, the company’s forward guidance for 2025 remains positive. Netflix is the 10th most influential company for the NASDAQ meaning the positive earnings data and bullish price movement supports the overall price of the NASDAQ. In addition to this, the positive earnings improve the sentiment towards the entire US technology sector. Investors will now turn their attention to the quarterly earnings report for Intuitive Surgical. Intuitive Surgical stocks on Tuesday rose 1.94%. How is the Economy And Politics Affecting the NASDAQ? The US stock market is witnessing an upward correction after struggling in the last weeks of 2024. The bullish price movement is a result of a sharp decline in bond yields, the new US administration and earnings season. Investors remain relieved that bond yields have fallen back down from the 5.00% level. If bond yields continue to decline further, particularly below 4.50%, the move would be deemed as positive for the US stock market. President Trump took office on Monday and so far the pro-US rhetoric from the President, Vice President and Secretary of State continues to support the stock market. So far, the main concern is how upcoming tariffs can negatively affect inflation and growth. However, some economists advise tariffs will become the “norm” and may have a lesser effect compared to 2018. However, this is something traders will continue to evaluate and monitor. The VIX this morning fell 0.83% lower and trades more than 5.70% lower over a 7-days. The lower VIX indicates a higher risk appetite towards the stock market. If the VIX continues to decline a strong buy indication may materialize. On the most influential stocks for the NASDAQ, 82% rose in value on Tuesday. However, Apple stocks, the most impactful stock, fell 3.19% due to poor sell data. If Apple stocks continue to decline, the NASDAQ’s upward trend may come under strain. In the meantime, investors over the next week will continue to monitor upcoming earnings reports. NASDAQ - Technical Analysis The price of the index is trading significantly higher than all Moving Averages on a 2-hour timeframe and relatively high on oscillators. These factors indicate that buyers are controlling the order book. However, price action also confirms the latest impulse wave measures 3.43% which is normally the point at which the index retraces. This is something that investors may also consider. The retracement potentially also may be triggered by Netflix buyers quickly selling to cash in profit after the sudden 15% bullish surge. If a retracement does indeed form, price action and the 75-period EMA indicates that the pullback may drop as low as $21,391.30. Key Takeaways: The NASDAQ increases in value for a fourth consecutive day, but price action signals a possible retracement before continuing its bullish trend. Netflix stocks increase more than 15% due to strong earnings data. Netflix beat earnings and revenue expectations by 1.39% and confirmed projects to add live sports streaming to its platforms. The VIX trades more than 5.70% lower over a 7-days and US Bond Yields remain at recent lows. On the most influential stocks for the NASDAQ, 82% rose in value on Tuesday. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission. -
By Stocks4life · Posted
DASH DoorDash stock, watch for a top of range breakout at https://stockconsultant.com/?DASH -
By Stocks4life · Posted
SYF Synchrony Financial stock with a top of range breakout at https://stockconsultant.com/?SYF -
By Stocks4life · Posted
RKLB Rocket Labstock, big rally off support and breakout at https://stockconsultant.com/?RKLB -
By Stocks4life · Posted
RDW Redwire stock, what a launch off the 14.16 support area at https://stockconsultant.com/?RDW
-
