I was looking for edge/quant models that can predict/estimate risk/reward and demand and/or positioning for size players in futures markets and synthetics. It took a long time and ultimately involves fairly sophisticated statistics models. Differential and integral functions of various regression model errors/residuals. This is similar to how you would design autopilot/robot/AI or automated control systems etc. Futures markets are controlled by algos that use liquidity models based on things like volume, OI, vol, and resting/filled orders. IMO, its similar to this picture where the blue line represents volume buying and selling and the orange line represents the price or price vs something like VWAP or related assets/instruments. IMO, full automation is an entirely different animal. Building useful models takes heavy math skills, but an actual managed robot takes very heavy programming chops and will entail significant risks. I wish I could tackle full automation but I'm much more of a mathematician than a programmer.
I think for a sole trader, full automation or even partial automation is an impossible task. There is just too much complexity involved with its creation for one person to manage. I enjoy writing code but just algos not involved with automation, and some trading days so busy coding that I'm too distracted with coding I can't find time to trade.
The tool-builders eternal dilemma. task, time, resources. Tool - not good enough - good enough - optimal - guilding the lilly.
There's a saying, "everyone gets from the markets what they want". Money obviously the prime reason you would think, but other reasons; entertainment, occupation, satisfaction, distraction, understanding, education, ego validation, improvement. Building trading tools is hugely fun but you've gotta enjoy maths and challenges. The more you do, the easier it becomes, but the road is long and winding. It suits introverts who live in a cave.
Why do a few people always pollute the very few high information and value content threads with nonsense? It seems to be an addiction. Can't wait for Overnight to chime in as well to post some stupid music clips. Sigh...
Do you allow your creations to trigger entries and exits? How much of the average week do these operate in a more or less 'hands-off' fashion?
Not true. He is a fund manager and so has an audited track record. WTF is a 'trade room'? Disclosure: I wrote a chapter in that book. Rob