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Automated trading system - how to get it

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  #1  
Old 28th April 2009, 11:22 AM
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Default Automated trading system - how to get it


I wanted to know about automated trading systems - what are they?
Do they actually make trades or just give buy/sell signal?

Another question is if anyone in India gives a platform which gives trendline break alerts and buy/sell based of formulae?

Regards.
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Old 2nd May 2009, 10:32 PM
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Talking Re: Automated trading system - how to get it

hi,

automated trading systems are not allowed in india uptill now although undertsand its in pipeline.

u r sure u need it for indian market?
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Old 3rd May 2009, 05:00 PM
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Default Re: Automated trading system - how to get it

I will take anything that makes money without requiring any hard work

I was just curious on what that might be. Do you know anything about it?
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Old 4th May 2009, 01:57 PM
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Default Re: Automated trading system - how to get it

want to make money without doing any hard work in indian stock market ?? gr8, if u fine a way be sure to let us know.
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Old 5th May 2009, 12:50 PM
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Default Re: Automated trading system - how to get it

hello Xaero,
Originally Posted by Xaero View Post
I just ran a formula in Fcharts to my holdings (10 stocks worth 1lakh. I hold reliance, airtel, bel, unitech etc). I've been holding it for the past 1 year and sitting on a 44% loss.

When I apply the formula Low less than BollLower (BUY) and High greater than BollUpper (SELL) turned that profits were 10 times the losses 7000vs 700, without shorting. With shorting it was profits = loss .

Nevertheless BB might be good from a trading perspective. Win to trades ration was 66% (8wins 12 traders)

I think you have a very good knowledge of Fcharts formula.it would be great if you start a new thread relating to Fcharts Formula for the benefit of people like us
thanks in advance
RANJITSINGH66
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Old 6th May 2009, 05:02 PM
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Default Re: Automated trading system - how to get it

I can hardly trade leave alone fcharts, but I quite good at programming. So if you tell me what you want in the formula I will definitely help. As for a thread on formulae I shall do so when I have some good formulae to try :-)

remember in fcharts if you are thinking of using trade tester then the stop loss brokerage and the entry and exit points are correctly specified and one thing you must anyway do is put a formula for stop loss as well.

Here's the BB formulae you requested, I totally forgot:
In 1) low < bolllower and close > previous close
In 2) high > bollupper and close < previous close

First is for buying and next for selling, it is a crude formula I just used for testing the indicator crossover is not taken into consideration. And it will only work in FCharts pro

If you would like another one and I feel this is much better but only for positional trading : Set sma1,2,3 to 3,13 and 39
sma1 > sma2 and sma3 > sma3[1] and sma3[1] > sma3[2] or sma2 > sma3
sma1 < sma2 and sma3 < sma3[1] and sma3[1] < sma3[2] or sma2 < sma3

This will work with FchartsSE



Last edited by Xaero; 6th May 2009 at 05:47 PM.
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