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Strategies & Market Trends : The Art of Investing
PICK 57.88-0.5%Jan 22 4:00 PM EST

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To: kidl who wrote (7668)10/19/2023 8:06:36 AM
From: Sun Tzu1 Recommendation

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sixty2nds

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I should add that for some simple tasks an algo is very easy and viable. For example creating a trailing stop loss or trading one of your holdings (say SOX) based on behaviour of another item (say TLT).

For such "simple" algos, sophisticated brokers have built in order processing. You don't need to program anything. In IBKR, you can put in trailing stops or profit targets and make one order dependent on another. These are all built in. They also have more sophisticated algorithmic tools that don't require any programming experience.

But the point of my previous post is that with each if-then statement, the unintended consequences increase exponentially.
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