Can you make your own trading program?

[Dowdy]

Are there any programs out there to automatically trade.

Can you program it to look at two certain stocks and when one of them increases, then it will automatically place an order to buy/sell the other stock on your list.

 

[CanOz]

Are there any programs out there to automatically trade.

Can you program it to look at two certain stocks and when one of them increases, then it will automatically place an order to buy/sell the other stock on your list.

Hi Dowdy, yeah there are heaps of software apps that you can program yourself or have someone code for you. What you're talking about seems like pairs trading and SKC would be the resident expert on that subject.

You can code almost anything, for a price.

CanOz

 

[Dowdy]

Hi Dowdy, yeah there are heaps of software apps that you can program yourself or have someone code for you. What you're talking about seems like pairs trading and SKC would be the resident expert on that subject.

You can code almost anything, for a price.

CanOz

So pairs trading, is that what it's called. Having a look on Wiki, my strategy is a little different.

Do you know the website of skc. I googled it and could only find the white pages info but no website

 

[CanOz]

So pairs trading, is that what it's called. Having a look on Wiki, my strategy is a little different.

Do you know the website of skc. I googled it and could only find the white pages info but no website

SKC is a member here Dowdy....

CanOz

 

[skc]

SKC is a member here Dowdy....

CanOz

Lol.

Are there any programs out there to automatically trade.

Can you program it to look at two certain stocks and when one of them increases, then it will automatically place an order to buy/sell the other stock on your list.

Dowdy,

What you plan to do doesn't sound like pairs trading and unfortunately I do not use automated trading programs at al - so not much help to look for from me. The biggest issue with automation is to make sure you have the right broker that lets you trade automatically. Interactive Brokers comes to mind with its various APIs. IG Markets (DMA CFDs) also has an Excel plug in that sends order when certain conditions are met.

The watch one stock and buy another approach is quite valid. I had a good short trade on DCG today thanks to the bad trading update on FWD. However I do it in a discretionary manner.

 

[Dowdy]

Lol.



Dowdy,

What you plan to do doesn't sound like pairs trading and unfortunately I do not use automated trading programs at al - so not much help to look for from me. The biggest issue with automation is to make sure you have the right broker that lets you trade automatically. Interactive Brokers comes to mind with its various APIs. IG Markets (DMA CFDs) also has an Excel plug in that sends order when certain conditions are met.

The watch one stock and buy another approach is quite valid. I had a good short trade on DCG today thanks to the bad trading update on FWD. However I do it in a discretionary manner.

My strategy is based on a 60min news story which was on high frequency trading. My strategy isn't high frequency though. There was one sentence in that story that inspired me. And based on the stocks i've looked at using my strategy, it works nearly all the time.

Thanks for the adivice too