Hello everybody! : Let's brainstorm the ideas to make our agents fully automatic and error prone. Maybe your agent is already perfect... please teach me
I can think of the following functions to act as a trader in reality:
1. weekend or bank holiday handling by csv reading
2. trading session filtering, exp, not to make trade in non-US or non-EU session
3. system mail reading, for exp, sudden closure annoucement from broker (MT4 not supported)
4. requote handling, for making sure the order can be taken in rapid market
5. spread checking, the spread widen a lot in rapid market, we may need to give up taking the trade
6. position sizing by kelly's criterion, to have the same % of allocation of money to different trades
7. risk management functions, close all positions and halt the agent if there is 30% loss, email to SMS alerts for consecutive losses..etc
8. figure release handling, stay out of the market before major figure release... through csv reading as (1)
...
what are the others?
I can think of the following functions to act as a trader in reality:
1. weekend or bank holiday handling by csv reading
2. trading session filtering, exp, not to make trade in non-US or non-EU session
3. system mail reading, for exp, sudden closure annoucement from broker (MT4 not supported)
4. requote handling, for making sure the order can be taken in rapid market
5. spread checking, the spread widen a lot in rapid market, we may need to give up taking the trade
6. position sizing by kelly's criterion, to have the same % of allocation of money to different trades
7. risk management functions, close all positions and halt the agent if there is 30% loss, email to SMS alerts for consecutive losses..etc
8. figure release handling, stay out of the market before major figure release... through csv reading as (1)
...
what are the others?