I'm a directional intra day trader, but recently I've been looking into a certain simple automated strategy, simple as e.g. buy&long above MA and sell & short below MA. My (very basic) questions are: 1) I'm using a certain indicator on TradingView (only), how do I automate the execution (my broker is IB) ? (i assume don't need an developer) 2) as price is often flat (which indicates loads of trades), I would need basically $0 commision for the E-mini, exists ? 3) How do i backtest the idea ? LOOKING FOR SIMPLE STRAIGTH-FROWARD ANSWERS - THANKS
Sorry, didn't mean free, but more like monthly fee, or fixed fee, or reduced fee as of high number of orders. How do fully automated traders and sclapers with high number (over 100) of daily executions keep profible ? How do you scalp the MES if every contract cost a $1+ ??
Am I getting the numbers right for $MES ?: IBKR execution fees $0.2 (volume over 1000) CME exchange fees $0.35 = each roundtrip $1.1 ? DID I CHECK THE RIGHT FEES ON THE RIGHT PAGE ?
If you are a self-starter, lot’s of free content but you’ll most likely get frustrated just getting your tech stack running. QuantConnect is free and can get you started. If you want to save time, a great introduction is PQN’s Getting Started w/ Algorithmic Trading in Python. (something like that)
Hello TheMordy, You have to 1. code trading idea 2. back test trading idea All you can do is back test trading ideas until you find one that make money. That is all you can do.
And what if I want just super simple algo, e.g. when cross MA upwards = buy, and opposite, do I also need to go to school to learn coding ? or can I get it done by developer for less than $1k ?
You can easily do it yourself for free. I've never worked with TradingView, but ask any AI how to program a Simple Moving Average Crossover Strategy for your platform. if close[0] > average(close, n) && close[1] < average(close, n) { Buy this bar at close } else if close[0] < average(close, n) && close[1] > average(close, n) { sell this bar at close } Done. LMK if you want the results (ticker, average period n, timeframe, and lookback period). They will all tell you the same thing though (long term), and it's not what you want to hear