Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

whirl

Steps to Build a Hands Off Automated Trading Machine - Feedback Please

Recommended Posts

I run my own fully automated trading system. It's been running since early 2008. I have a 1U rack mount server with dual processor 3 GHZ (dual core), 4 GB ram and two small 200GB hard drives (with external drive for backup), running 64bit Windows Server 2008. I run my system in a small co-location facility in Maryland and I pay $150 per month for my co-location service.

 

I also pay $75 per month for IQFeed real time data and $20 bucks per month for a End of Day Stock Quote Data and Historical Stock Prices subscription for eod data.

 

I use Interactive Brokers and developed my entire system in Java against IB's TWS API.

 

My system trades only US Equities and does around 13 round turns per day. I blow through around $35K in commissions per year.

 

With all of that said, the last thing to worry about is your PC strength, hard drive size and video card.... Your #1 priority should be developing a positive expectancy, consistently profitable trading system. This step (and nothing else) should be your sole focus for AS MANY YEARS as it takes.... Trust me, this step alone, many never achieve....

 

 

Jason

Thanks for the info! I am looking for a place to host a server that's close to IB's servers. Did you pick Maryland because of that? I think IB's servers are in Connecticut. Can you recommand a colo or dedicated server company?

Share this post


Link to post
Share on other sites

I picked Maryland, because I live in Maryland. I actually live about 10 miles from my co-location facility. I don't have any need for sub-second execution. My main need was to have a server that is up and running every day without interruption, versus running it from my basement.

 

If you have the same type of needs, I would recommend just choosing a local co-location facility and go with that.

 

Jason

Share this post


Link to post
Share on other sites

I backtest, run automated strategies with TradeStation.

 

I thoroughly investigated, tested various hosting companies to put TradeStation on their servers. Their virtual servers are slow, so you would have to get the dedicated servers - costs about $150-250 per month to equal the speed you'd get using any computer with the Intel i5 chip running - so this is costly. However, it saves you from most power and internet outages - nothing is 100% reliable. But, if you live in an area with occasional severe weather I'd go with a dedicated server.

 

If you run the software at home, it's more reliable to use a laptop with battery backup. Remember, when your power goes out so does your internet router. You could get your internet data feed using a 3g or 4g card.

 

Even if your power stays on and your computer and internet connection are OK there can still be occasional problems with the exchanges, so no automated system is 100%. You always have to monitor your positions to make sure that what you have is what you think you have.

Share this post


Link to post
Share on other sites

"You know you have achieved perfection in design,

not when you have nothing more to add,

but when you have nothing more to take away."

-Antoine de St. Exupery

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Learning Forex is very easy as we can avail all the information online. We can check out the trends of forex as well as connect to the best broker to known indepth.
    • There are millions of people who are earning profit from forex market, so ti understand the market fluctuations and scenario is very important. One can build up this by Trading in forex and practicing on it by strategically planning to trade.
    • Date : 28th February 2020. “Fear” dominates the market 28th February“Fear” dominates the market – The COVID-19 virus has cropped up in sub-Saharan Africa and New Zealand for the first time. Markets remain firmly in the grip of virus fears and global stock markets continue to sell off globally.Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • A History Of Consecutive -3% Days (Decline) https://seekingalpha.com/article/4327321-history-of-consecutiveminus-3-days by Ploutos CFA Summary The global spread of the coronavirus has pushed the S&P 500 down 3% on consecutive days. That is a fairly rare occurrence for markets with only 15 occurrences of consecutive down days of that magnitude since the Great Depression. When these types of consecutive down days occur outside of economic recessions, markets have tended to recover and move sharply higher over the next year. With the epidemic slipping towards a pandemic, the extent of economic damage remains unknown.  Markets are selling rich valuations and pricing in negative outcomes. +------------------------------------------------------------------------------+ The Difference this time is, the decline has occured after consecutively achieving market highs With the last Bear Market in 2008 The sharp pullback which the News is crediting it to the Virus How do a Technician Interpret on the Chart without the news  factor ? I would earmarked it as an first important indication (in built fear) occuring in the US President Election Year It would be better to review Gold & USD Chart for Safety and Fear What remains to be observed approaching US Presidential Election is;  If the Gold Price Continue to Hold & remain Higher and Will USD perform Strong With Historical Low Interest Rates Gold is Good Asset to offset Risk. Interesting thing to observe will be Cryptos and related Stocks & Technology I think some exposure to Crypto is Quintessential (Around the Sell in May and Go Away Season of Correction) Awaiting some opportunity ...........   .........   .......  ...... Play if Safe with Stop Loss but also some Protection in Place or Fear will provoke your primitive Mind and Take over.   Enjoy Minoo  
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.