Re:A web-reading bot made millions on the options market
by gnaritas on Sunday April 26, 2015 @02:44AM
(#9440785)
Those systems exist, Metatrader, TradeStation, NinjaTrader, and people do exactly that and have been for years.
Re:A web-reading bot made millions on the options market
by IkmoIkmo on Sunday April 26, 2015 @06:13AM
(#9441226)
These APIs exist, and many of them allow two cool things:
1) Virtual money. So you can try out your bot and see how it'd do without risking money. (with $10k on say the Forex market which trades about 5 trillion per day, it doesn't matter if your trades are virtual)
2) Backlogging. So you can write a bot that'll analyse prices, volume, the orderbook etc of any moment in the past 6 months, which allows you to immediately simulate your bot's success in that market over a long period of time. (of course this is if you want to write a bot that analyses the exchange data, as opposed to things like news, for which you'll need to find your own database going back 6 months which isn't too hard btw, but a lot of data to process quickly).
Re:A web-reading bot made millions on the options market
by def_illiterate on Sunday April 26, 2015 @02:31AM
(#9440766)
I imagine there would be pretty good money in licensing an API. That's probably where the real money is--let the idiots make the trades, and you sell them the software.
Come to think about it, such a system, with an API, would be really nice to have. Something that allows anyone to create a trading bot and see how it performs. Any one what to make one? :)