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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Krikor who wrote (18105)	5/13/2010 2:50:16 PM
From: Eric P	Respond to of 18137

I am looking into automated trading, What is a good program to use? Thanks, KG I wish there was an easy answer for that question. I have known some that have had success using an off-the-shelf package such as TradeStation. Most of the successful automated traders that I know use a custom programmed solution that they created themselves. Some use Excel for trade entries, while exiting manually. Others use things like C++ or VB or whatever programming they are comfortable with, to program their own systems.

To: Krikor who wrote (18105)	5/13/2010 4:16:26 PM
From: Ron	Read Replies (1) \| Respond to of 18137

Both TradeStation and Ninja Trader have platforms which allow for automated trading. Like anything else, they involve a learning curve. Ability with coding helps. And, of course there are a bunch of individuals and companies that sell off the shelf code for automated trading. I have sampled a few and found none that worked particularly well. I use a self developed code, refined over time and occasionally do automated trading, depending on what the market is doing. One thing I never do, is leave the premises while an automated program is running. Too many things, including extended time power and internet outages can occur. I've even seen broker servers go down long enough to damage a trading account. But everyone has their own method, parameters that are acceptable to them. It just takes awhile.