The Plan:
Since, i was not browsing forum threads, i was "thinking" about what to do next... Yes! I was really using brains during trading hours. As usual, i was using it the wrong way - part fantasy, part crap :lol:
When i started the Systematic Trader thread, the plan to find a 100% rule based system with +ve expectancy - a la ORB. And here is the current plan.
Step 1: Find a system with +ve expectancy.
Step 2: Find a way to automate it.
Step 3: Implement on all possible scrips.
Step 4: Rake in the money
4 simple steps. that's all it takes.
i don't even think that I am close to finishing step 1, but it's really time to get serious about step 2. (i hope that i am closer to achieving step 1, though)
about step 2:
Assume, that magically the current random system that I trade, turns out to be one with +ve expectancy. So how do I automate it?
in a perfect world, i would have my charts totally integrated with my trading systems, and flawless ticks streaming into it, zero latency and zero slippage execution, and 100% fills. But in the current world that i live in, charts and trades are in 2 different sofwares, though they can communicate (one-way??).
Both the sofwares drop ticks, and are unreliable. So, it's possible that a trade could have been executed, and neither of the sofwares would have even a hint just from the ticks. They would have to ping the order book for status, using whatever cumbersome API exists.
Workaround: Monitor trades manually, and inform the status to the softwares by clicking a button, etc. I am thinking that for amibroker, I could have 3 buttons, to let it know the 3 statuses applicable to my current system - long, short, or no position. (I am thinking of using command buttons, though i have hardly seen any afls using it
-
http://www.amibroker.org/userkb/2008/03/08/command-buttons-trigger-type/)
So, then i will just have to click one of the 3 buttons on the chart when an order executes, and my afl should take care of putting SAR and TSL orders
Oh no!! The order still will not get through unless I have a NCFM
certificate. Or i will have to manually right click in NOW to place the orders received from Amibroker - maybe a couple of times every minute... too much work. Maybe, an AutoIt script may help here
Step 3 should be easily implementable, if I achieve step 2. (anyway, i don't like to visualize possible troubles ahead
)
Step 4 is my favourite part.
I have thought to 100s of ways to rake in the money. That is why my old signature on TJ used to be from this song -
http://www.youtube.com/watch?v=b0XdSDmkIU0 (until Traderji deleted the signature for using Devanagari script)
planning wanning ho gayi boring...
apun maalamaal re, koi na fikar apni.... ghabrana bhool jayega, kal apne haatho me, honge kitne karod na re......