Hi All,
I am curious on people's opinions on success with automation. Can anyone share what they find to be the most reliable automation set up? I am looking for something reliable I can run in the background that will make small amounts regularly. Any preferred automations out there? Regards
BEST automation setup?
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ShaunWhite
- Posts: 10576
- Joined: Sat Sep 03, 2016 3:42 am
Automation is a very competitive field as people are in direct competition with each other, that's not quite the same trading manually as its more subjective. The upshot is that automated strategies are very rarely shared. For instance if you and I were running the same automated strategy, only the fastest one would get the available price or be at the front of the order queue.
You also mention only wanting small amounts, but trading isn't like that, it has a tipping point to some degree and by scaling stakes you can earn substantial amounts. Again if you have mutilple people doing exactly the same thing in these relatively small markets not everyone would have the same outcome.
If you want to get into automation then try to think about one specific situation/concept and then methodically go through all the variables that might affect it. And for the sake of longevity (edges can come and go) you might want to look at something based on obtaining value. That's more likely to work more reliably and across many market types, rather than these things that rely on fickle punter sentiment or market moves.
The forum has some quite good threads on strategy development and a large number of example automation files you can use as a starting point. Be realistic though, finding something profitable will take at least 6months, probably longer and likely never. The world of automation and quant trading is brutal with some very sophisticated multimillion pound operations involved using rooms full of super bright people, AI, ML and bespoke trading platforms. Finding a niche is difficult but then again finding a passive income in any industry is difficult.
Approach it with your eyes open and you might do OK but it's definatly not just a case of downloading a BA bot and phoning the local Ferrari dealership.
You also mention only wanting small amounts, but trading isn't like that, it has a tipping point to some degree and by scaling stakes you can earn substantial amounts. Again if you have mutilple people doing exactly the same thing in these relatively small markets not everyone would have the same outcome.
If you want to get into automation then try to think about one specific situation/concept and then methodically go through all the variables that might affect it. And for the sake of longevity (edges can come and go) you might want to look at something based on obtaining value. That's more likely to work more reliably and across many market types, rather than these things that rely on fickle punter sentiment or market moves.
The forum has some quite good threads on strategy development and a large number of example automation files you can use as a starting point. Be realistic though, finding something profitable will take at least 6months, probably longer and likely never. The world of automation and quant trading is brutal with some very sophisticated multimillion pound operations involved using rooms full of super bright people, AI, ML and bespoke trading platforms. Finding a niche is difficult but then again finding a passive income in any industry is difficult.
Approach it with your eyes open and you might do OK but it's definatly not just a case of downloading a BA bot and phoning the local Ferrari dealership.