Jump to content

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.

choubix

Getting Started with Automated Trading, Some Questions

Recommended Posts

Hello,

 

I am interested in automated trading. I've been trading equities and fx for a little while with reasonable results and I believe it is now time to put some science into my "educated guesses"

 

I wanted to seek some advice from experimented traders having (or being in the process of) automated their trading.

 

1. data:

 

where to get between 5 to 10 years of historical intraday data on the cheap? (heard that it is possible to download data from IB using multicharts over time. great option if possible but a bit slow)

 

2. software:

I am keen on multicharts (easylanguage, can be pluged intoIB... I've just downlaoded their "lite" version that is for FX)

 

however:

 

how does it fare in terms of backtesting abilities?

is it possible to input the cost of brokerage and cost of leverage (easily) in a model ?

how difficult would it be to apply optimal f to strategies?

does it allow Zscore/ Pearson correlation coefficient and MAE/MFE analysis?

 

Where to find ready made strategies to see how they are built? (that would allow me to get started somewhere...)

 

Are there any better alternative to IB+multicharts? (not really keen on MT4, I have read countless posts on brokers backing MT for all the wrong reasons...)

 

 

Thank you for reading my post, looking forward to reading your answers!

 

+++

A.

Share this post


Link to post
Share on other sites

Hey Choubix, I know thinkorswim's Prodigio platform is pretty robust when it comes to setting up your automated strategy, that would be one to check out. There's also another firm out of Chicago called Tickit, they have a pretty solid platform as well.

Share this post


Link to post
Share on other sites

Here's a Market Data Feeds table from MultiCharts. IQFeed seems the best.

 

NinjaTrader and MultiCharts can't do want I need. I'm looking into NeoTicker right now and it looks like it might work for me. If not then I'll be using R (R+RStudio+IBrokers+iqfeed) or a combination of tools.

Share this post


Link to post
Share on other sites

For Forex I am trading through Zulutrade's platform. Many Signal Providers send worthy trades.

The thing is to find them out, cause not always the first in their ranking... are those who make the profits.

Share this post


Link to post
Share on other sites
For Forex I am trading through Zulutrade's platform. Many Signal Providers send worthy trades.

The thing is to find them out, cause not always the first in their ranking... are those who make the profits.

 

Hello jean, are you still on zulutrade? Who are you followign these days? Any good trader to follow? ;)

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • ADMA Adma Biologics stock, watch for a range breakout, target 26 area at https://stockconsultant.com/?ADMA
    • URI United Rentals stock, nice rally off 829 support area, watch for top of range breakout at https://stockconsultant.com/?URI
    • Date: 27th November 2024. S&P500 at its 52nd new peak for 2024; USD Firmer, Kiwi & Yen Up. Asia & European Sessions: Wall Street rallied into the close with the S&P500 and Dow registering more record highs with the S&P500 climbing 0.57% to 6045, its 52nd new peak for 2024. The Dow rose 0.28% to 44,860.3 for its 46th record of the year. The NASDAQ advanced 0.63%. Trump named Jamieson Greer as the US Trade Representative and Kevin Hassett to direct the National Economic Council. Greer was intimately involved in Trump’s first-term trade policy decisions. President Biden announced Israel and Hezbollah have reached a cease fire. Over the next 60 days the Lebanese army and state security will take control of their own territory and Israel will gradually withdraw its forces. FOMC minutes: Minutes from the Fed’s latest policy meeting revealed officials leaning toward a cautious approach to future rate cuts. All agreed to cut the rate by -25 bps and nearly all thought risks between achieving employment and inflation goals were “roughly in balance.” Upside risks to the inflation outlook were little changed, and while inflation had eased, it remained elevated. The implied December rate continues to hover around a 50-50 bet as we await the PCE price data Wednesday and the crucial jobs report on December 6. The January 2025 rate is priced for a total of 20 bps in cuts, with -75 bps by January 2026. RBNZ cut its cash rate by 50 bps, yet the Kiwi gained as traders analyzed the central bank’s rate outlook and the governor’s remarks. Chinese government approved a 500 billion yuan ($69 billion) bond quota, enabling two state-owned asset managers to issue bonds for funding projects aimed at spurring economic growth. Today: US inflation and economic growth may provide clues to the Federal Reserve’s next policy move. Financial Markets Performance: The USDIndex has dropped to currently 106.459. The Yen climbed with USDJPY pulling back to 151.82, while NZDUSD jumped to 0.5900 despite the RBNZ’s 50 bps rate cut. Oil prices stabilized at $68.84, with optimism over delayed OPEC+ output increases balancing the reduced geopolitical risk stemming from the ceasefire. Gold rebounds to 2653.54, with next Resistance at 2660-2664. 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. Andria Pichidi 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 FX and CFDs 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.
    • RBLX Roblox stock, pull back to 49.2 gap support area at https://stockconsultant.com/?RBLX
    • UHS Universal Health Services stock, nice rally off the 197 support area, from Stocks to Watch at https://stockconsultant.com/?UHS
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.