Algorithmic trading

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ppnewbie
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Algorithmic trading

Post by ppnewbie » Sat Jan 22, 2022 11:30 am

Has anyone ever tried using your own algorithm trading? I have an idea that I want to try. If anyone knows a company that allows you to do this let me know and I would also want to the ability to make fake trades to test out the algorithm. And last thing - it could be a lot of trades - like 100 to a 1000 trades a day.

There was something called quantopia but I think it closed down.
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Mark Leavy
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Re: Algorithmic trading

Post by Mark Leavy » Sat Jan 22, 2022 1:21 pm

If you are a programmer, Interactive Brokers (IBKR) has an API to control its Trader Workstation app. It also has a more serious API that bypasses the app and goes straight to their servers. Their whole business model is high volume trading.

IBKR also supports a paper trading account in addition to your real account.

Caveat Emptor: I assume you understand just how badly this will go against you if you make any sort of mistake in judgement or execution.

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ppnewbie
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Re: Algorithmic trading

Post by ppnewbie » Sat Jan 22, 2022 9:23 pm

Thanks that’s very helpful. It would be with zero leverage with a large cash reserve. So the most I could lose is what was at risk which would not be much to start.
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Cortopassi
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Re: Algorithmic trading

Post by Cortopassi » Sun Jan 23, 2022 1:28 pm

Man, stressful enough being at a job selling electronic products that have firmware bugs we have to fix. I don't know how involved these financial algorithms get but I assume you'll be able to do this in a paper account for a while just in case there's a if/then that sends you in a direction you didn't expect...!
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Re: Algorithmic trading

Post by ppnewbie » Sun Jan 23, 2022 6:51 pm

Cortopassi wrote:
Sun Jan 23, 2022 1:28 pm
Man, stressful enough being at a job selling electronic products that have firmware bugs we have to fix. I don't know how involved these financial algorithms get but I assume you'll be able to do this in a paper account for a while just in case there's a if/then that sends you in a direction you didn't expect...!
Paper trading definitely to start with. Then if I even get to that point AND it goes well. Small money trading. Then who knows.
Lots of if's and AND's

Found a great resource. https://www.youtube.com/watch?v=xfzGZB4HhEE
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I Shrugged
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Re: Algorithmic trading

Post by I Shrugged » Mon Jan 24, 2022 9:34 am

Cortopassi wrote:
Sun Jan 23, 2022 1:28 pm
Man, stressful enough being at a job selling electronic products that have firmware bugs we have to fix.
So you're saying you work at Motorola?

;)
ppnewbie
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Re: Algorithmic trading

Post by ppnewbie » Mon Jan 24, 2022 9:42 am

That would be OR’s and AND’s ;)
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Cortopassi
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Re: Algorithmic trading

Post by Cortopassi » Mon Jan 24, 2022 12:13 pm

I Shrugged wrote:
Mon Jan 24, 2022 9:34 am
Cortopassi wrote:
Sun Jan 23, 2022 1:28 pm
Man, stressful enough being at a job selling electronic products that have firmware bugs we have to fix.
So you're saying you work at Motorola?

;)
Everyone around me at my current company has at one point or another. I am pretty much the only 40-60 year old who never did time there.
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