Auto Trading using Amibroker

rvlv

Active Member
#1
Hi friends
Why do a trader need to try Autotrading software?

Here in this post,let us discuss how the Autotrading can be used to help a trader that is fed up with manual trading process.
In short,you try to look at Autotrading software as an assistant strictly following programmed orders.
Normally the autotrading programme sends an alert or e mail or sms as soon as a trade is executed.
Initially it is advisable to keep things on low key like use minimum number lots,reasonable profiit,reasonable loss levels.
Also it is recommended to see under what secario the programme delivers better results.
Remember it is these things that finally control results-your position size,your risk size and basic winning edge of the programme formula and current market conditions.

It is helpful for traders who are emotional by nature,who had big losses earlier, and who are prone to do overtrading
who experience lot of tension & anxiety when trade is in progress,and those who reached a mental condition that nothing works in the markets and they tend to believe it is almost impossible to make money in trading.
The most basic trader problem is failure to follow the trading plan rules or having no patience to sit through the trade as it matures.
The emotion thing is out of trading equation once you switch over to autotrading system.

valnet.co.in/robotrade thing allows trading small lots,setting max loss,profit levels thus giving chance to control drawdown closely. Doing entry-exit-stoploss following mechanically helps eliminate manual trading problems.
Above all,one can observe things in demo mode or try papertrade options
till one gets confidence in the autotrade system.

Think it over.



Please check it here.
http://www.valnet.co.in/robotrade.html
 
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rvlv

Active Member
#2
Hi Friends
This is part2.
Here you can know about pros & cons of autotrading systems.

Please read

http://www.investopedia.com/articles/trading/11/automated-trading-systems.asp#axzz2JBXNRnzC

chances of mechanical failures like loss of internet,server based malfunctions though rare are always there.
Above all it depends how the autradr software responds to natural market rhythms and tests,retests,pullbacks before moving further in line with main trend.
--------------------------------------------------------------------------------
Here is a very known mechanical difficulty-just got info from 4 of my buddies.
================================================================
These people use Amibroker,CDEQUI broker odin verison 10.0.0.2. The mechanical difficulty is ODIN given by CDEQUI is having inbuilt,non adjustable autolocking for every 15 minutes or so. If the trader is not nearby,once the ODIN gets locked,your autotrading system cant place order nor can you get dynamic data.
This means whoever uses cdequi odin cant participate in autotrading .
However it is a cddequi problem and they can remain backward or improve.
Similarly NESTTRADER has limits on number of symbols that can be used and some cases of interruptions in data are reported.If you try and add one or two extra symbols etc,things go to halt.



cheers
 
Last edited:
#3
Hi Friends
This is part2.
Here you can know about pros & cons of autotrading systems.

Please read

http://www.investopedia.com/articles/trading/11/automated-trading-systems.asp#axzz2JBXNRnzC

chances of mechanical failures like loss of internet,server based malfunctions though rare are always there.
Above all it depends how the autradr software responds to natural market rhythms and tests,retests,pullbacks before moving further in line with main trend.
--------------------------------------------------------------------------------
Here is a very known mechanical difficulty-just got info from 4 of my buddies.
================================================================
These people use Amibroker,CDEQUI broker odin verison 10.0.0.2. The mechanical difficulty is ODIN given by CDEQUI is having inbuilt,non adjustable autolocking for every 15 minutes or so. If the trader is not nearby,once the ODIN gets locked,your autotrading system cant place order nor can you get dynamic data.
This means whoever uses cdequi odin cant participate in autotrading .
However it is a cddequi problem and they can remain backward or improve.
Similarly NESTTRADER has limits on number of symbols that can be used and some cases of interruptions in data are reported.If you try and add one or two extra symbols etc,things go to halt.



cheers
which is best terminal for autotrading..and which brokerage house provide that terminal ..