[v101]

I have thoughts to build an automated indicator, black-box, etc. But had a few questions, as i am just in the discovery mode about this thought...

Say I have a idea of looking / scanning for markets that meet certain criteria, BUT I dont want to run it continuously, say I only want it to run say every X minutes..
Currently today I use Esignal, and was hoping that Esignal had the ability to run an indicator every X number of minutes, but I want to run the indicator over many different markets

Then based on what the indicator returns, it would then scan the returned markets, for other criteria, and then based on these criteria Put the trades, on, etc.

So with that said, should I even consider using such a platform, Or what are some other platforms to consider looking into to do such a task?

[Tams]

Originally Posted by v101 »

I have thoughts to build an automated indicator, black-box, etc. But had a few questions, as i am just in the discovery mode about this thought...

Say I have a idea of looking / scanning for markets that meet certain criteria, BUT I dont want to run it continuously, say I only want it to run say every X minutes..
Currently today I use Esignal, and was hoping that Esignal had the ability to run an indicator every X number of minutes, but I want to run the indicator over many different markets

Then based on what the indicator returns, it would then scan the returned markets, for other criteria, and then based on these criteria Put the trades, on, etc.

So with that said, should I even consider using such a platform, Or what are some other platforms to consider looking into to do such a task?

why do you want to only scan it every X minutes?
why not scan it continuously?

[emg]

Originally Posted by Tams »

why do you want to only scan it every X minutes?
why not scan it continuously?

ignore the last post. disinformation.

[emg]

Originally Posted by v101 »

So with that said, should I even consider using such a platform, Or what are some other platforms to consider looking into to do such a task?

If you do not have a computer engineer degree, find a professionals engineer. Couple of ways to do it.

1) X_Trader TT platform is widely most use for algor trading. TT has it own in house IT engineer. u may get help but comes with a price.

2) Search for a legit prop firms that handles algor trading. They have professional IT engineers.

What you don't want to do is create your own algor without a certified or a degree in computer engineer. If platforms are made easy to create script, why would prop firms, hedge funds, HFT hire and pay top best computer engineer $150K annual salary to build the algor?

The answer is, they want to pro do build it and not amatuers.

Hope this help

[UrmaBlume]

Originally Posted by v101 »

I have thoughts to build an automated indicator, black-box, etc. But had a few questions, as i am just in the discovery mode about this thought...
Say I have a idea of looking / scanning for markets that meet certain criteria, BUT I dont want to run it continuously, say I only want it to run say every X minutes..
Currently today I use Esignal, and was hoping that Esignal had the ability to run an indicator every X number of minutes, but I want to run the indicator over many different markets
Then based on what the indicator returns, it would then scan the returned markets, for other criteria, and then based on these criteria Put the trades, on, etc.
So with that said, should I even consider using such a platform, Or what are some other platforms to consider looking into to do such a task?

All of this is quite easily done in tradestation's Radar Screen. You can write up any indicator you want and then using the new PSP objects in TS 9.0 initiate a timer object that will fire at any interval you choose.

We currently scan over 400 stocks, 36 commodities and a couple of dozen forex pairs in Radar Screen with no difficulty. These scans run every 60 seconds but the period is completely adjustable to any interval you like.

We select what we trade based on current local relative price volatilities and relative trade volumes.

Information = Equity

cheers

UrmaBlume