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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 (7674)10/19/2023 12:32:56 PM
From: Sun Tzu1 Recommendation

Recommended By
sixty2nds

   of 10765
 
The vast majority of trades on the exchange (I think something like 80+%) are done by algos. There's nothing inherently evil or manipulative about them. Nor do they have to be fully automated. For example, IBKR has an "intelligent" algo for market orders. It means that should you choose to use it instead of a normal market order, instead of executing it right away, they use an algo to look at very short term trend/order flows and then try to get you the best price within a couple of minutes (typically within 30 seconds) rather than execute it right away.

In my actual trading algos, I have something similar. There is the part that decides whether to buy or sell, and there is a different part that is to fill the best execution price. The latter part is basically the same as the former, but it runs on much shorter bar sizes and certain things work very differently when your timespan changes.

Anyways, the answer is that yes, any trader or investor has the means available to them to write and execute trading algos cheaply and without needing a degree in computer science. But there is a big difference between "can you" and "should you". The latter is highly personal and situational dependent.
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