Why no free automated trading software?

Discussion in 'Automated Trading' started by illtradeya, Dec 5, 2013.

  1. How come there isn't free automated trading software? Seems to a pretty simple front-end any of these brokers could offer traders, and yet they dont...$299, $600, $1200 and up (including the BS $3,000 a year offered by cooltrade...top lel right there)

    Is that because it would ruin the market?..and by ruining it I mean simultaneously exposing it for it's inherent ponzi scheme that it truly is?

    It's estimated that 30% of all trading is done by automated processes, and it stays low because these algorithmic trading are done by billion-dollar-manipulating brokers who charge out of the ass for simple software.

    If they offered it to everyone for free, the entire market would be automated and that would take many elements out of the game that control it (such as media fear mongering(cnn), etc etc) and it would inevitably crash from it's apparently uselessness.


    Doesn't make sense. I guess the ones making money off of it day trading already know the the obvious hoax but still see a way to make money off of it..hence the reason they do it.
     
  2. Ever hear of MetaTrader?
     
  3. on most markets 70 to 80% is automated. What are you talking about.
     
  4. yeah. we;re at the point where computers are quicker at decision making that humans.
     
  5. computers have always been quicker at decisions making than humans, what are you talking about
     
  6. Tradelink, Marketcetera, and ActiveQuant are all free and open-source.
     
  7. So all of the listing platforms will plugin into any broker, say...etrade and automate trading for me?

    All i really want to do is buy stock(x) for so and so amount, and then set my platform to sell it given simple parameters, or buy more with the allotted funding sitting in my etrade account.

    And just do this process back and forth as it watches the stocks/rise and fall for the day.

    All day, everyday.

    I was under the assumption through the (apparently) limited research I've done, this feature is only attainable by subscribing for some ridiculously priced platform extension, like etrade pro/cooltrade, what have you...

    So I can meet my needs using any of these programs listed?

    And with etrade?
     
  8. Tradelink is free and it connects to a variety of data feeds and brokers.
     

  9. So with tradelink and tdameritrade I should just be able to set up simple buy/sell parameters for my stock and then it will trade when there is profit to be made..automatically, right?
     
  10. ...uuhh yeah I think that's how it works...
     
    #10     Dec 5, 2013