Automated trading in India?

musicjunkie · #11 24th March 2008, 04:21 PM

Where was it mentioned that all automated systems are profitable?
If I am not mistaken George Soros uses one.
MJ--

djsinha · #12 25th March 2008, 01:14 AM

If your comp suddenly hangs up and starts doing the wrong calculations and taking the wrong trades! Then who will give you this million dollar information in time. Most prob you'll come to know of it by the time when it'll be too late.
The main funda of any kind of automation is that, it increases human intervention at times when your system fails. And you hev to be alert all the time to sense when things start going wrong. So in no way does it decreases human labour.

I can give you one simple example. I work in an oil refinery and last year only I've implemented automated control of my process plant and I've seen that after commissioning, it's requiring heavy human intervention and strict monitoring as to when it'll go haywire. Only thing is that as long as it runs, it's very good. But once it fails, you have to do every thing manully.

So automated trading.....though may look great...but is actually not so. More importantly, you can't afford to move away from your pc when it's working.

Cheers
djsinha

bonof033 · #13 5th June 2008, 01:54 PM

Now, it may seem real fancy, but automated trading (without any human intervension) is possible. I have been doing that at the NASDAQ market site ... and it works. And yes, I have a 9-5 job too.

It took me 3 years to research and build this trading system. Its no myth.

I am interested to know if there any brokers in India who provides such order rounting capabilities directly to the NSE/BSE exchanges from a computer program.

cheers

moneygurukul · #14 5th June 2008, 03:38 PM

Quote:

Originally Posted by bonof033

Now, it may seem real fancy, but automated trading (without any human intervension) is possible. I have been doing that at the NASDAQ market site ... and it works. And yes, I have a 9-5 job too.

It took me 3 years to research and build this trading system. Its no myth.

I am interested to know if there any brokers in India who provides such order rounting capabilities directly to the NSE/BSE exchanges from a computer program.

cheers

Available only to Institutions.

moneygurukul · #15 5th June 2008, 03:39 PM

Quote:

Originally Posted by musicjunkie

Where was it mentioned that all automated systems are profitable?
If I am not mistaken George Soros uses one.
MJ--

His "Theory of Reflexivity" is too subjective to be automated.

mahesh2007 · #16 5th June 2008, 04:27 PM

computers may have super-inelligence but what they shall always lack is the common sense.
Though IBM's deep blue defeated gary Kasparov by 2-1(3 draws) in a series of 6 game, it was defeated once by kasparov.
Just think deep blue with 512 chess processor(with the processing power of 1 trillion calculations(next moves) per sec ie 1 followed by 12 zeros) was defeated by human brain with processing power of 200 next moves only.

computer systems are not always infalliable else techies would have been the richest persons in the world.

what i mean to say is that there shall always be necessity of humann mind and cant be relied completely on automated systems.

Else there would be mother softwares capable of writing programmes by themselves and there would have been no requirement of software programmers.

skarpio · #17 5th June 2008, 04:36 PM

Quote:

Originally Posted by mahesh2007

computers may have super-inelligence but what they shall always lack is the common sense.
Though IBM's deep blue defeated gary Kasparov by 2-1(3 draws) in a series of 6 game, it was defeated once by kasparov.
Just think deep blue with 512 chess processor(with the processing power of 1 trillion calculations(next moves) per sec ie 1 followed by 12 zeros) was defeated by human brain with processing power of 200 next moves only.

computer systems are not always infalliable else techies would have been the richest persons in the world.

what i mean to say is that there shall always be necessity of humann mind and cant be relied completely on automated systems.

Else there would be mother softwares capable of writing programmes by themselves and there would have been no requirement of software programmers.

The Deep Blue - Kasparov thingummy is a overhyped marketing stunt. There is no lesson to be learnt from it nor any philosophy. What we most often forget is that we create machines to do what we tell them to do and not what we want them to do. Sure enough, billions of dollars have been spent (and billions more will be) on AI, but they are not to replace the human mind but only to aid the latter.

Trading a system with strict constraints can definitely be modeled with good precision. You can also build in self-protecting triggers. Because there is no 'I' in a system.

By the way, there exist programs which are capable of generating software. But of course, you specify a set of constraints first.

I digress, but just this once

knag · #18 5th June 2008, 05:02 PM

Quote:

Originally Posted by bonof033

Now, it may seem real fancy, but automated trading (without any human intervension) is possible. I have been doing that at the NASDAQ market site ... and it works. And yes, I have a 9-5 job too.

It took me 3 years to research and build this trading system. Its no myth.

I am interested to know if there any brokers in India who provides such order rounting capabilities directly to the NSE/BSE exchanges from a computer program.

cheers

Can you share with us the trading system which you have built researching for 3 years. May be we will try to trade this system manually.

--knag

skarpio · #19 5th June 2008, 07:35 PM

Though this is not allowed and all that, we can always hack the system!

Here is how you can do it:
I once wrote a small script (while I was still flirting with python) that would automate log-in and get quotes from my e-broking web site, parse their latest 'tips' and in general mess around. Extending the same to place orders would be easy. Now, a real time data feed that you are connected to can be used a trigger to actually enter a transaction.

Additionally, you might want to put in a little red switch that says 'STOP' for the rainy days.

Adheer · #20 5th June 2008, 09:27 PM

Rentec, run by the legendary James Simmons.

http://en.wikipedia.org/wiki/Renaissance_technologies

One of the best algorithmic hedge funds in the world.