Software beats humans at Commodities trading

Discussion in 'Trading Software' started by MGB, Feb 8, 2001.

  1. jaan

    jaan

    no, we trade nasdaq. a significant advantage of the system is that it can continuously monitor thousands of stocks, and instantly react when profitable setups form in any one of these.

    can you elaborate? while i agree that small traders usually cannot afford custom programs, i don't see why bots would have an inherent disadvantage managing small account.

    in fact, i would argue that - in some sense - the opposite is true: it is difficult for bots to account for the effect their trading has on the market, therefore bots do better with (relatively) small size.

    - jaan
     
    #11     Aug 12, 2001
  2. I am just somewhat familiar with futures oriented bots (trend following) and the drawdown would be tend to big.
     
    #12     Aug 12, 2001
  3. Grabbit

    Grabbit

    jaan,

    Can you say what auto-system you use? There are some links on this forum, but I haven't seen anything stunning so far. Still that's what I am looking for, so a link would be very welcome. (Let the others laugh...)
     
    #13     Aug 12, 2001
  4. jaan

    jaan

    we use a custom piece of software that we have programmed ourselves. the only "retail" systems i'm aware of are tradestation and metastock -- don't know if they're any good though.

    - jaan
     
    #14     Aug 12, 2001
  5. RAY

    RAY

    If you don't mind me asking,

    What firm do you trade through?

    I ask because I am interested in trying to "program" what I do. (What I do is pretty simple, but has a few steps in deciding when to enter and exit a trade, but I involve not emotional decisions)

    Thanks
     
    #15     Aug 12, 2001
  6. Grabbit

    Grabbit

    RAY,

    What you want to do can be done with Tradestation or Metastock. Tradestation is more or less the standard I believe. I don't have any of them myself as they are rather expensive. But if you have a good strategy, they may be worth their money.
     
    #16     Aug 12, 2001
  7. jaan

    jaan

    datek, but we'll probably switch once a decent broker starts to offer a CTCI (without the silly leased line requirement a la IB).

    - jaan
     
    #17     Aug 12, 2001
  8. #18     Aug 12, 2001
  9. def

    def Sponsor

    jaan,
    if you are trading via a bot, why wouldn't you want to trade through anything other than a lease line? (never mind commission savings alone would probably pay for the cost of a lease line)
     
    #19     Aug 13, 2001
  10. jaan

    jaan

    well, in our case that would be a transatlantic line. last time i checked the prices for these were nothing short of astronomic. of course we could set up a machine in the u.s. as a proxy, but that would be just a silly workaround, and not worth the hassle (we're not _that_ unhappy with datek).

    thanks for the comment though, def, and please let me know if i'm missing something here.

    - jaan
     
    #20     Aug 13, 2001