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Trade for a Living

  #191 (permalink)
 
AllSeeker's Avatar
 AllSeeker 
Mumbai, India
Legendary Pratik_4Clover
 
Experience: Beginner
Platform: TradingView & ZerodhaKite
Trading: NIFTY, BANKNIFTY
Frequency: Daily
Duration: Minutes
Posts: 1,423 since Jan 2019
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Thanks Received: 5,006


bobwest View Post
FYI, this would be a very elaborate method of automating trading. It might be necessary for some trading strategies, especially that involved high frequency trading, but if you just need to automate a strategy that could be executed by you on your PC manually, nothing like this would be necessary.

Most platforms have a programming language that will simply execute trades from your PC, in the platform itself, as if you were doing them manually, using some criteria that you have established in the code. Trades go to the broker the same way any trade would. Nothing else is required.

If you really wanted to, you could put the platform on a VPS (virtual private server) that can be rented from many providers. Then you would access the platform remotely from your PC, but it would run on the server and not use your internet connection, power line, etc. Most traders who automate don't seem to bother.

The point is that you don't have to build all that infrastructure if you don't need something extraordinary. Now, the hard part is always going to be to have a strategy that will actually work . Then you need to code it, test it, curse when the code doesn't work right, fix it, repeat many times, then when the code works, test it over and over again until the strategy works, etc. Then go live.

Hopefully, then start cashing checks. I'm not saying it's easy, and I haven't done it (nor do I want to), but it's not necessarily such a huge undertaking, unless, again, you are doing something with extraordinary requirements.

Apologies once again to @jba1962 for filling up his thread.

Bob.

Ain't that the hard truth? Its long road ahead. Very much thank you for sharing detailed post like this, its good addition to my info server.

Also, @jba
I'm deeply sorry for posting little out of topic.

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  #192 (permalink)
 jba1962 
TampaFL
 
Experience: Master
Platform: TWS
Trading: ES
Posts: 183 since Oct 2017
Thanks Given: 97
Thanks Received: 374


LastDino View Post



Also, @jba

I'm deeply sorry for posting little out of topic.



Guys, and Karen, please please please do not apologize for your input. I love this stuff and find it extremely helpful. Please continue to chime in.

I do think that partial automation is more precisely what I am looking for. I enter my trades in three parts, and I would like to automate all of the entries, and as long as everything is going well, just go ahead and exit at a certain time. Of course, as we all know, things rarely go that well, and at those times I would be doing manual intervention anyway. So I don’t need to incorporate all of the logic for making adjustments. Basically just the entries, which are pretty straightforward. I am a believer that the exits are way more important than the entries. And those I would handle myself, except for an extraordinarily smooth day.

Again, thanks for the input and keep it coming

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  #193 (permalink)
 jba1962 
TampaFL
 
Experience: Master
Platform: TWS
Trading: ES
Posts: 183 since Oct 2017
Thanks Given: 97
Thanks Received: 374


Non Day-Trade P/L: 0.00 Month: +167.06 *Total: +3747.29
DayTrade P/L: +3322.44 Month: +17,399.57 *Total: +54.104.77



* Total is since June 1, since I started this journal in June and June 3 is when I switched to using the micros in the daytrade portion.

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  #194 (permalink)
 jba1962 
TampaFL
 
Experience: Master
Platform: TWS
Trading: ES
Posts: 183 since Oct 2017
Thanks Given: 97
Thanks Received: 374

Trade was up a lot early, and then fizzled out. I was up over 4K and finished up 713. Disappointing. I hate profit targets with every fiber of my being. I call them profit limiters. But I do need to get back to lightening up when various levels of profit are hit. I've kind of gotten away from that lately, playing for home runs too much perhaps. It was a good month, and better discipline than August, but still not excellent performance on my part. The results were better than the trading was, and that's not what I want long-term.

Non Day-Trade P/L: 0.00 Month: +167.06 *Total: +3747.29
DayTrade P/L: +713.35 Month: +18,112.92 *Total: +54,818.12



* Total is since June 1, since I started this journal in June and June 3 is when I switched to using the micros in the daytrade portion.

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  #195 (permalink)
 jba1962 
TampaFL
 
Experience: Master
Platform: TWS
Trading: ES
Posts: 183 since Oct 2017
Thanks Given: 97
Thanks Received: 374

Non-Day Trade: Nothing Done

Day Trade: Trade was under water about 1000 when the Mfg. report came out at 10:00. That helped my trade and it started working. Nothing fantastic but steady gains. About 10 minutes ago I got an invitation to play golf. I only get to play on rare occasions, so I said yes and just closed all of my trades and exited. +1410. Probably leaving some on the table, but I don't care. The way the day started, I am happy with that profit.

Exact numbers in the morning.

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  #196 (permalink)
 jba1962 
TampaFL
 
Experience: Master
Platform: TWS
Trading: ES
Posts: 183 since Oct 2017
Thanks Given: 97
Thanks Received: 374

Non Day-Trade P/L: 0.00 Month: 0.00 *Total: +3747.29
DayTrade P/L: +1408.22 Month: +1408.22 *Total: +56,226.34



* Total is since June 1, since I started this journal in June and June 3 is when I switched to using the micros in the daytrade portion.

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  #197 (permalink)
 jba1962 
TampaFL
 
Experience: Master
Platform: TWS
Trading: ES
Posts: 183 since Oct 2017
Thanks Given: 97
Thanks Received: 374

Non Day Trade: Sold a ES2700P for October 18 expiration for 700 near the close. Probably not much gained or lost once the settle price comes in, but I like the odds over the next 2 1/2 weeks.

Day Trade: Trade was slightly negative until about 11:00 am and then just took off like crazy. I only did 2 units today and when I got up 2500, I cut it down to one. I left some on the table, but it was still a great day. Finish up about 3400. Was +4400 on my shorts and only about -1000 on the longs. Nice!

Exact numbers in the morning.

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  #198 (permalink)
 saikodi 
Seattle WA/USA
 
Experience: Advanced
Platform: ThinkorSwim, NinjaTrader
Trading: ES, YM, CL
Posts: 27 since Oct 2012
Thanks Given: 3
Thanks Received: 13


LastDino View Post
I haven't automated yet, but if you want to fully go automation way, you will be in for a ride. I've a friend here in my country who had gone trough that process (little out of touch) but he had to spend almost a year to get everything coded and working. Note that he didn't just code his strategy, but also API to exchange/broker platform.

It was LOT of work, and he needed to hire team of coders for API development, and it was especially difficult to have working communication between trader/mind behind strategy and just coder for hire.

He utilized VB coding for API, strategy was coded in AFL and platform used was Ami, I'm not sure but he also had to take some service from exchange directly. This was in addition to have his servers up and running in almost 24*7 condition. That's all he was willing to tell me at that moment. I hope it helped you in some way

If you want partial automation though, I think its not that difficult to achieve if you can utilize broker supported API and use your coded strategy to trade with. As long broker API supports your code platform, it should run without problem. I assume its more smooth process at your place. If API supports, one can even utilize excel to automate orders, but that does scream little shaky ground.

Honestly, automation is bit out of my ball park atm, I only keep gathering info but Good luck to you brother!

I agree. Automation is a lot of work. It can take several months to a year to get an automated system written and then have it tested with at least 6 months of market replay data to fix the bugs and then finally tune it in the real live markets in sim mode to make sure it does what you want it to do.

I have been working on an automated system for myself and it has taken me close to 9 months. However, I am happy where it is right now.

I can perhaps help you if you are looking for automation. I am using NinjaTrader 7 platform and use C# as the programming language. However, I find it very limiting to develop and test within NT7 framework. Hence, I wrote my own services outside that are triggered based on new bars forming, etc. Send me a pm if you need help. At least I can get you started. :-)

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  #199 (permalink)
 jba1962 
TampaFL
 
Experience: Master
Platform: TWS
Trading: ES
Posts: 183 since Oct 2017
Thanks Given: 97
Thanks Received: 374

Non Day-Trade P/L: -61.42 Month: -61.42 *Total: +3685.87 (Open Premium: 410.00)
DayTrade P/L: +3413.54 Month: +4821.76 *Total: +59,641.76



* Total is since June 1, since I started this journal in June and June 3 is when I switched to using the micros in the daytrade portion.

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  #200 (permalink)
fabricefer
shanghai
 
Posts: 2 since Oct 2019
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I just want open a new account at amp futures i send a 1k usd for test but this money have never been credited to my account and their bank certify they received the money .... i contact several time their support but no help ... do that hapened to other ? what i can do ? i send the money following their instruction for bank wire ... then the money never arrive to my trading AMP account and they dont help . What i can do thank you

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Last Updated on October 10, 2019


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