I hear you....but when i let my charts run with simple floor trader pivots, it looks so simple. Couldn't a programmer take these levels and figure out the % stop out point based off buying support and selling resistance...then let the automation take over? The floor trader pivots update everyday, this is why i was hoping the ADL had an indicator input that would read these new daily levels and adjust the entries. i sent a PM to TT...i will let you know what i find out.
It always does, but here's the thing. Remember the false positives and false negatives, if you have one of those and an active trade is placed, then a winner comes along but you are in a trade the winner will not fire, and it knocks out the sequence. Take a strategy and hardcode it to starting at different times, you will get different results as it's a domino effect, one mistake and it rolls on to the other trades. So how about putting on every trade you come across, yes, but your margin will be hit and brokers don't like both long and short at the same time, it will turn to spaghetti and cause a tailspin. You are presuming the markets haven't thought of this scenario, of course they have and on top of that you can be sure they will make money off you for it! In effect the markets are perfected to perfection, although even the institutions get caught out sometimes which causes a flash crash. So on top of the strategy you also have timing where you need to 'reset' so your automation can have a clear run, when you 'reset' makes the difference between success and failure and that margin is barely visible. If you watch Formula1 then you have all the answers you need, one small mistake in one corner leads to loss of downforce, wrong apex and bad drive in the following corners, that's the markets! The only way to see this is to build some strategies for yourself, instead of finding the perfect platform pick one that looks reasonable and fire something up, it will be a lot more clear.
Thanks for the questions @surf'n trade. I responded to your PM and we will set a call for you. Regarding this thread, if you're looking for Excel Links into ADL, yes, we do support that. You may view the video below to learn more about Excel Links. https://www.elitetrader.com/et/thre...-rtd-excel-links-with-the-tt-platform.301876/
Learn a proper programming language and do it thoroughly from scratch, ultimately you'll save yourself time from migrating from an outgrown platform.
there is no "easy way" - if it looks to easy you are most likely overlooking something... Start playing around with quantopian and quantconnect - a robost algo should perfom similar on both platforms. Make sure you actually have an "edge", slice the data, see what your algo would do in the brexit timeframe etc... at some point start forward testing by putting it live with small amount. (it might behave quite differently since live quotes can be unfiltered / out of sync) Ultimately you'll want to run this on a dedicated co located server
Thanks...i am for sure going to look into this quantopian. I bet they going to laugh when i tell them i want a simple S/R automated trading strategy. do they work with TT ADL?
@surf'n trade Yes, you may key your signals around pivot points in ADL. Here is a link to our help files and an example of this behavior using "Flip for Sell" logic. https://www.tradingtechnologies.com/help/adl/advanced-concepts/flip-for-sell-orders-functionality/
Go to a college and hire someone unless you want to spend couple years being aggravated, if you are not of gifted people born to be able to understand it, it is a bitch to learn it. I don't know which one was more aggravating to learn, programming or overcoming discipline dumbness years ago, hmmmm discipline cause I still do dumb things. I have hired a good amount of people through the years as most were smarter than me and even more so today.
Yep. Smart people use smarter people. That's why most millionaires aren't geniuses. High intelligence and high net worth rarely correlate.