Hello fellow traders,
After some good years in the algorithmic trading industry it has become very clear to me that the future of this business is in the automatic creation of algo trading strategies. There is simply no way that a regular person can compete with people who can generate millions of strategies every day when it takes that person weeks/months to manually generate/tune/test an algorithmic trading system. A person manually designing something like an expert advisor might spend lots of time going through charts to design the logic, then backtesting, optimizing, etc. When someone with the adequate software can create what took that person months in just a few hours.
If you know me from my machine learning thread, you may already know that I trade thousands of systems at the same time. All of which are automatically generated using many of the principles described on that thread but there is an entire universe outside of machine learning that can also be considered automatic trading system creation.
I am surprised that there is no thread in ForexFactory that actually discusses automatic system creation and I am starting one to address this need. There are many software solutions already available to the average trader so I think we can share our experience with them as well as their pros/cons. A resource like this is desperately needed since these tools in the hands of novice traders are like circular saws in the hands of toddlers: if you don't know your statistics you'll get burned by automatic creation engines.
I am very busy with the algo trading I need to manage ( I only come to FF occasionally) but just ask questions, discuss things and I'll do my best to answer when I come back,
Cheers!
Jo
After some good years in the algorithmic trading industry it has become very clear to me that the future of this business is in the automatic creation of algo trading strategies. There is simply no way that a regular person can compete with people who can generate millions of strategies every day when it takes that person weeks/months to manually generate/tune/test an algorithmic trading system. A person manually designing something like an expert advisor might spend lots of time going through charts to design the logic, then backtesting, optimizing, etc. When someone with the adequate software can create what took that person months in just a few hours.
If you know me from my machine learning thread, you may already know that I trade thousands of systems at the same time. All of which are automatically generated using many of the principles described on that thread but there is an entire universe outside of machine learning that can also be considered automatic trading system creation.
I am surprised that there is no thread in ForexFactory that actually discusses automatic system creation and I am starting one to address this need. There are many software solutions already available to the average trader so I think we can share our experience with them as well as their pros/cons. A resource like this is desperately needed since these tools in the hands of novice traders are like circular saws in the hands of toddlers: if you don't know your statistics you'll get burned by automatic creation engines.
I am very busy with the algo trading I need to manage ( I only come to FF occasionally) but just ask questions, discuss things and I'll do my best to answer when I come back,
Cheers!
Jo