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Old 23-05-2013, 03:54 PM
sumit sumit is offline
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Default Algo for Dummies

hi

this is a new post for non hni and non computer geeks traders


i am for the last few weeks searching for algo trading and two names have emerged

1) symphony

2) omnesys

symphoy charges 7500 per moth and omnesys has a product named pulse for which they charge 125.00 per month

i very recently came to know abt realsense india.com and they have a product named robotic trading they are not very famous but their charges are 1500 per month .had requested for a demo for which there is no response

there are a host of brokers who have tie up with either omnesys or symphony

omnesys is semi automated and symphony is fully automated

readers please enlighten non techie traders

regards

sumit
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Old 25-05-2013, 04:22 PM
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Haven't used full-fledged mechanical trading, but read things about it and discussed about it with few traders who are into it. Important question arises is why someone want to do mechanical trading? Straightforward answer is what we call 'fastest finger first' that is getting an edge on other traders by executing the orders fast so you can cash on inefficiency in the market. 90% of the time these strategies are used for entering and exiting the trade within few seconds or auto correcting the orders for better fill. That means you are totally dependent on speed of the datafeed and how much messages your datafeed can fetch/refresh per microsecond. Eventually next question arises- how you will achieve it? Answer is simple, proximity to the source of datafeed(still trying to keep it non-technical). More you near to the source faster you will get the datafeed so your execution will be quicker than other.
Bottom line is most of the time(however not always) automation make much more sense for high frequency trading and this is by all means a full-time job and dedicated capital investment.

Only scenario I can think of using mechanical trading for retail traders is executing their orders as per their mechanical system so that it will make sure that no discretionary elements will creep into the trading and traders who has full time job. But that can be easily possible with the use of automation s/w. Here those partial automation softwares will be handy and cost-effective but again you need to see whether they are providing the compatibility for your charting software. Examples above provides compatibility to amibroker. Few are working on NinjaTrader and MultiCharts but not out yet.
Yes there are other traders who has full time job and has symaltanious interest in trading so they want this automation pie but that is entirely different story, I would rather not speak about it.
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Old 25-05-2013, 09:19 PM
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what Alex says is
Ultrafast net connection / Good quality data feed - if it is from broker the better / Co lo servers . Above all a strategy that really works after severe backtesting and live testing
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Old 03-07-2013, 12:54 PM
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Default Top 10 Things Retail Traders Should Know Before doing Autotrading

Top 10 Things Retail Traders Should Know Before doing Autotrading

http://goo.gl/C4tH8
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Old 20-10-2013, 09:49 AM
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Default algo trading

hi
symphony reduced its pricing by upto 80 %

http://symphonyfintech.files.wordpre...er-offer.pdft4

above is the link

also came thru sahajmoney.in which automates thru mt4

mastertrust also has a product blusee which can integrate with amibroker as well as excel

forum members please share ur views and info

regards
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Old 21-10-2013, 11:58 AM
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pls check . Link not working.
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Old 21-10-2013, 10:14 PM
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Originally Posted by Sunshine View Post
pls check . Link not working.

The link is http://symphonyfintech.files.wordpre...ober-offer.pdf

Pl check
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Old 28-10-2013, 10:28 AM
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Symphony has slashed its costs.....check them out
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Old 31-10-2014, 06:32 PM
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hi


projected margin requirement with complete risk management , software cost etc.
50Lakhs - 10Lakhs - 5crore ?
one representative of kolkata (desdimoney)told me that algo trading is only for huge institutional trade.

2.can we have tape reading, MP, stuffs in algo trading ?
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Disclaimer: I am not a Research Analyst and not registered with any regulating authority. All posts are for educational purpose only.

Consider us a dumb -dumble guy in this analysis, any type of real time example will be quick-learn approach.

Last edited by nTP; 31-10-2014 at 08:49 PM.
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Old 15-11-2014, 07:18 PM
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Though I have no answers to your questions , I would like to point out that your queries are vague .
If this question is regarding Symphony , they are offering solutions to retail traders at low cost . Initial set up cost might be around Rs.10,000 and recurring cost per month will be below Rs.10,000 /- .
For a proper quotation call Symphony .
They have their own risk management .If you want to manage risk , design your strategies yourself , according to your risk appetite .
What do you mean by tape reading ? Price action by candle chart+volume ?
Everything is possible in Algo . You can code simple strategies in popular charting Sws and complex ones in Matalb or R or in C++ . Read EP Chan for an introduction .
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