Did some reading on this a while back, using MetaTrader right? Which broker do you use?New algos doing their job well, not bad for 2 weeks of live data… nice upgrade from last versions
You writing your own algos or buying/copying em?
Did some reading on this a while back, using MetaTrader right? Which broker do you use?New algos doing their job well, not bad for 2 weeks of live data… nice upgrade from last versions
Did some reading on this a while back, using MetaTrader right? Which broker do you use?
You writing your own algos or buying/copying em?
Sure, but I have the time, technical knowledge, and patience and to look into it, and the common sense to not bankrupt myself.MetaTrader is mostly used with bucket shops also there are some obvious flaws re: just plugging in some supposedly successful algorithm and letting it run.
Did some reading on this a while back, using MetaTrader right? Which broker do you use?
You writing your own algos or buying/copying em?
Yes, there’s a lot of useless things out there, I tried most the reputable ones first before building my own.You might have had a good run with the algo but when you come to commodities like gold that can move very aggresively based on real time world events/fundamentals it'll wipe you out sooner rather than later.
Yes, there’s a lot of useless things out there, I tried most the reputable ones first before building my own.
Just agreed a collaboration with hedge fund
this looks like a scam btw
Quite possible with the new account and all, but happens to be something I'm curious about. I'm an AI programmer by trade and there's always been an interesting opportunity there with big training sets (historical market data) and relatively simple outputs.this looks like a scam btw
That's good, and yes so many useless algos out there, especially the ones promoted by those fake forex IG gurus lol.
The biggest problem you will have is that algos are built based off technicals and long term I just don't see how it would work (especially on gold). You'd need an algorithm based off statistical models combined with macro data coming in. Sounds easy to do but need people with a deep understanding of statistical and machine learning models. That's why funds like bridgewater spend millions upon millions a year on teams that optimize their algos.
A very interesting topic though, interested to know more about your algo and what sort of models it is being built on.
Quite possible with the new account and all, but happens to be something I'm curious about. I'm an AI programmer by trade and there's always been an interesting opportunity there with big training sets (historical market data) and relatively simple outputs.
Yep. No such thing as a reliably profitable algorithm, even the biggest banks aren't able to come up with one.
You only hold tech stocks?Seems the recession was cancelled sometime last week and inflation ended from how much stonks or up.
I wish I bought more dips but instead I'm 40% intel and 33.% AMD then a few percent's each of stuff like amazon, google SMT
I should have plowed into SMT when it was under 750 but banks like lloyds/barclays whomever it is with the pod cast were saying it's going to keep going down, just buy a little each month
ahh well hopefully chips act passes soon and my intel should turn a lot greener, AMD worries me cos the GPU situation is going to hurt them as much as NVDA I think and I'm not convinced they can keep competing with intel on future nudes
I'm 99% sure there will be other buying opportunities this summer.Seems the recession was cancelled sometime last week and inflation ended from how much stonks or up.
I wish I bought more dips but instead I'm 40% intel and 33.% AMD then a few percent's each of stuff like amazon, google SMT
I should have plowed into SMT when it was under 750 but banks like lloyds/barclays whomever it is with the pod cast were saying it's going to keep going down, just buy a little each month
ahh well hopefully chips act passes soon and my intel should turn a lot greener, AMD worries me cos the GPU situation is going to hurt them as much as NVDA I think and I'm not convinced they can keep competing with intel on future nudes
It's not really their job to come up with one to be fair, they do come up with execution algos for clients though.
As for no such thing, not quite, see RenTech for example, the founder is worth nearly 30 billion USD thanks to his reliably profitable algorithm.
But yeah I agree in general the notion that someone can just play around and (reliably) make money from trading FX, gold etc.. (often against a two-way quote from a bucket shop) using some off-the-shelf software is absolutely flawed, regardless of whether they have tech experience.
The people that can actually do this (or at least make valuable contributions to a team that does this) are generally very well paid, they don't work for banks, they work for small proprietary trading firms that have interview processes plenty of google types would fail and some systematic hedge funds. They're either hardcore engineers who are very familiar with say exchange connectivity, FPGA programming and even microwave communications and/or they're people who've studied stats & machine learning at postgrad level.
(Plenty of them clearly don't feel confident enough to attempt to do this for themselves, preferring to be employees, or perhaps are only able to add to part of the process else they'd be setting up their own company instead of working for someone else or at least arranging some sort of partnership agreement - there are obvious infrastructure barriers to the very high-speed stuff but not all firms try to compete there.)
That isn't to say that it's impossible for someone to find some edges to take advantage of as a retail trader but meta trader + some bucket shop broker type operation very very likely isn't it, a run of positive results there is kinda like someone believing they have a gift at roulette following a lucky visit to a casino.
A short term pullback is not at all surprising or unexpected right now considering how much we have dropped since the start of the yearSeems the recession was cancelled sometime last week and inflation ended from how much stonks or up.
I wish I bought more dips but instead I'm 40% intel and 33.% AMD then a few percent's each of stuff like amazon, google SMT
I should have plowed into SMT when it was under 750 but banks like lloyds/barclays whomever it is with the pod cast were saying it's going to keep going down, just buy a little each month
ahh well hopefully chips act passes soon and my intel should turn a lot greener, AMD worries me cos the GPU situation is going to hurt them as much as NVDA I think and I'm not convinced they can keep competing with intel on future nudes