Describe a trading-related app worth developing

Discussion in 'App Development' started by Dave S., Sep 4, 2020.

  1. gaussian

    gaussian

    Just take what casinos do and adapt it.

    Gamification is relatively easy in that respect. What triggers lizard brain responses? Progressive but unpredictable dopamine hits. Oh you made 40 trades this month? Here's lunch on us. Welcome to our super duper trader club - 5% of your next rebuy and priority order book placement for your next 10 trades. Bright shiny trade buttons and encouragement to rebuy. Blinkenlights when you make a good choice and support when you make a bad choice "seems you've busted out - rebuy and get 80 bonus points!" Shit like that. Casinos have been manipulating the human brain for nearly a century now. Why try to reinvent the wheel. Just don't get crossed up as a gambling operation itself. Stupid tech people overcomplicate a simple biology problem.

    Funny I asked this question something like 3 months ago and got flamed to the point I closed the topic lmao.
     
    #11     Sep 5, 2020
    Poljot, David's faith and Dave S. like this.
  2. xandman

    xandman


    I wish to see retail versions of the "Not terribly exciting stuff". Retail trading landscape is mostly a video game or mental masturbation.
     
    #12     Sep 5, 2020
    Dave S. likes this.
  3. I hate tws which freezes frequently if I submit 10000 orders. I wonder why there is not any other alternative broker competing with ib?
     
    #13     Sep 5, 2020
  4. DevBru

    DevBru

    You can use other software with IB. But why do you want to submit 10000 orders anyway?
     
    #14     Sep 5, 2020
  5. because I want more fills. which is the other software that can replace IB?
     
    #15     Sep 5, 2020
  6. DevBru

    DevBru

    Ninjatrader, SierraChart, Dastrader, Tradestation, ...
     
    #16     Sep 5, 2020
  7. I am confused using dashtrader with interactivebrokers. In this case, if I send 10000 orders to ARCA, will the order be sent to ARCA directly by dashtrader? does IB know the 10000 orders I send to ARCA?

    suppose dashtrader sends my 10000 order to ARCA directly, if the order is filled, cancelled, or expired, the order information will send back to IB directly, or send to dashtrader which routes the information back to IB?

    since I send orders via dashtrader, I do not use IB resources to send orders, will IB still calculate my order fill ratio, and complain low fill rate?

    please explain. thank you.
     
    Last edited: Sep 5, 2020
    #17     Sep 5, 2020
  8. comagnum

    comagnum

    Here's an idea for you, something desperately needed by many traders.

    Many of us multiple brokers. Whats needed is a portal that would allow a single order entry ticket to be sent to multiple brokers based on the allocations selected. It should support bracketed orders.

    It would be nice to include simple buy, sell, flatten buttons as well.

    Maybe have pings to the brokers, if one is unreachable, unusually slow, or unreliable that day it could be auto removed from the routing choices.

    I bet the first one to pull this off will make a killing.

    Down the road it would be great to support the more complex order types, ECN selection, & have routing schemes the customer can control based on the broker & exchange trading costs/rebates.
     
    Last edited: Sep 5, 2020
    #18     Sep 5, 2020
  9. DevBru

    DevBru

    Of course IB will know the orders you send to the market. In this case Dastrader is just the software, IB still the broker.

    What is your order fill rate? On average.
     
    #19     Sep 5, 2020
  10. I guess around 100. Using dash trader will let IB not complain about low fill rate?
     
    #20     Sep 5, 2020