Registered: Mar 2010
08-02-12 04:29 PM
Quote from tmantrader:
Very interesting Tom. Have you developed the rules for the scalping (and other games) using your own proprietary methods or is that something the user does in your software?
Also does G-Bot trade IB Combos? I use IB to trade stock, option and ETF pairs (for example HD/LOW, MA/V, USO/UNG, GDX/GLD,) and have done a lot of mean reversion / scalp type trades manually (and with the IB scale trader).
In time, i have slowly brought on the interface a good number of "trading rules" which were used internally and governing the, so called, "order cloud formation". I am also continuosly adding new ones, as ideas develop and mature (clearly, sustained by the fantastic feedback and work of many people and fund managers supporting me), making it more an more abstract.
Changing these rules, it can change completely the trading behavior (even transform it in an incredible loser :-))) ). In fact, it is totally possible that some traders/fund managers may come out with much better "games" than those i am currently using. (Clearly, they can also be tested in a "simulation system", using exactly the same engine which trades, also incorporated in the app, which i also improve continuosly.)
Below a picture displaying a series of screenshots with some of those rules. I don't show the image on the thread page because i am pretty sure it would mess up the site, as it's pretty "high". Considering that this is only a small part which is brought "outside", you can have an idea of what is going on inside (with all the other supporting mechanisms: cointegrations, balancing, direction, speed, PNL computations, async orders, data filtering, stats, etc... ). In practice, a neverending challenging work, requiring a lot of detailed care and continuosly evolving with new ideas ...
Being programmed entirely from scratch, basically i can make it behave in whatever way i might imagine. Clearly, i embark only in directions which reasonably promise improving $$$/risk and make sense to me ;-)) ["prediction" is banned: see also this thread on Linkedin
Does "Prediction" make sense in algorithmical trading or is it for "crackpots" ? :-) ]
(I would not trade "stocks", as it somehow violates the logic behind the current games.
Trading manually is pretty hard, i could never really "beat" the app :-)) )
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