What problems do you face as a trader that can be solved with software?

Discussion in 'Trading' started by gaussian, Jan 21, 2020.

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  1. schizo

    schizo

    IMHO A better idea would be to showcase what you already have (or more precisely, what you're capable of) and we can give you a feedback for further improvement.
     
    #11     Jan 21, 2020
    Handle123 and wrbtrader like this.
  2. Handle123

    Handle123

    I was thinking more along the lines of:



    Can you imagine a line of briefcases needed to fit all different models, some with fine leather craftsmanship and others molded to look like dead cat bounce...….

    opps excuse me.

    "I'm trying to steal strategies here", that did not cross my mind in an instance.

    I could be wrong, but likely newer traders don't have a clue what they need, so no money or fruitful ideas generated rolling in there. And most of retail don't know what they need either, so most likely targeting the breakeven to slightly profitable trader who can't do for themselves, didn't learn to program.

    But most everyone think they are genius' and all working on the next greatest secret strategy and they working under a sheet.

    How about "news"? like a rolling thin tape at bottom of screen of just news from dozens of sources, it can report all forex reports 24 hours a day for couple different agencies, then off you next part of the world of their news at certain times and when dividends announced, splits, etc etc etc.

    There is so much free stuff already, not sure if what might be needed is worth your effort. And if you trying to generate something on the side, I would go with tried and true, similar business polished different way, why reinvent a good thing.
     
    #12     Jan 22, 2020
  3. traider

    traider

    Press a button, computer goes thru all data in a database, comes up with a strategy that is not overfitted robust that makes money and has low beta.
    Thanks for the fish.
     
    #13     Jan 22, 2020
    murray t turtle likes this.
  4. I am a trader for hobby (see handle name) and programmer for hobby. Over time I made various programs which help in several aspects related to what I do:
    1. I have two specific programs running 24/7 which monitor my accounts and place trades if the actual position(s) size deviates from the desired position(s) size.
    2. I have programs that can show me some graphs (e.g. account value, daily PnL) on demand. And programs that can show OHLC candlestick charts for a selected instrument. Or can calculate correlation between two accounts or instruments. Thus these are a bunch of analytical helper programs to replace Excel activities which I used to do on a regular basis.
    3. For a while I did ES day trading (not any more), using IB's TWS. I was not happy with the way I had to build a bracket exit order in TWS so I made a program where I could do that with the push of one button. Previously I had other programs to help me with TWS. I would call these kind of things a trading helper program.

    As you can see: most of this are helper programs to make my life easier, reducing the amount of work I need to do myself. However, these activities are very specific to my case, and may not apply to others. If I would have a need for a new helper program for something I would most likely not go and search on the internet, but just build it myself.
     
    #14     Jan 22, 2020
    raskell likes this.
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