algorythmic trading (algos) - messing up the markets!

jfutures · Oct 29, 2009, 6:21am

sorry......it did

TAjammy · Oct 29, 2009, 6:23am

once the algos get worse it will become pretty obvious to spot the patterns. i made a huge thread on this and i came to the conclusion that algos trade the patterns that are already there in the first place.They'd probably ruin the patterns yeh, but bring some aswell

jfutures · Oct 29, 2009, 6:27am

So what are we meant to do? Not trade using technical analysis? Only trade fundamentally and have positions for a long long time. Because they can ruin the technicals but not fundamentals.

arabianights · Oct 29, 2009, 6:28am

so where's it say they're getting the orders before they're filled? pre-trade data means pre-open data...

TAjammy · Oct 29, 2009, 6:31am

Quote:

Originally Posted by jfutures

So what are we meant to do? Not trade using technical analysis? Only trade fundamentally and have positions for a long long time. Because they can ruin the technicals but not fundamentals.

at worst they could drive a few trend days-giving us a trend, the trend is your friend

. or they could make something like black monday a lot worse, in the process losing billions

i've been learning in the past week about just how important fundamentals are. like i used to trade forex, not knowing NFP was coming out! so i'm just sticking with cable for know, learning when she eats,sleeps, runs...

gee forex is bad for algos lol

GammaJammer · Oct 29, 2009, 6:34am

Quote:

Originally Posted by jfutures

if someone asked you: "why did you do that?" and you replied: "im not trading off of technical analysis, im waiting for computers to move the market and going aginst them, they would laugh, and have a right to slap you".

If one of my traders told me that I'd ask him if there's any decent money in his methods and whether or not we needed to go grab one of the algo developer nippers to help.

if however he started spouting bollox about TA driving the price he'd be lucky if he only got a slap. More likely he'd get one of my withering put downs and a disappointed sigh. So much worse.

jfutures · Oct 29, 2009, 6:44am

Quote:

Originally Posted by arabianights

so where's it say they're getting the orders before they're filled? pre-trade data means pre-open data...

pre trade is before the trade has been filled and is still just an order

jfutures · Oct 29, 2009, 6:45am

Quote:

Originally Posted by TAjammy

at worst they could drive a few trend days-giving us a trend, the trend is your friend

. or they could make something like black monday a lot worse, in the process losing billions

i've been learning in the past week about just how important fundamentals are. like i used to trade forex, not knowing NFP was coming out! so i'm just sticking with cable for know, learning when she eats,sleeps, runs...

gee forex is bad for algos lol

yeah i know that the algos will create trends, but they do not mean to. They dont move in trends, they go against trends.

Oct 29, 2009, 6:21am	#17
jfutures Junior Member Member Since Oct 2009 32 Posts	Re: algorythmic trading (algos) - messing up the markets! sorry......it did

Oct 29, 2009, 6:23am	#18
TAjammy Banned Member Since Jul 2009 867 Posts	Re: algorythmic trading (algos) - messing up the markets! once the algos get worse it will become pretty obvious to spot the patterns. i made a huge thread on this and i came to the conclusion that algos trade the patterns that are already there in the first place.They'd probably ruin the patterns yeh, but bring some aswell

Oct 29, 2009, 6:27am	#19
jfutures Junior Member Member Since Oct 2009 32 Posts	Re: algorythmic trading (algos) - messing up the markets! So what are we meant to do? Not trade using technical analysis? Only trade fundamentally and have positions for a long long time. Because they can ruin the technicals but not fundamentals.

Oct 29, 2009, 6:28am	#20
arabianights Legendary Member Member Since Jan 2007 6,782 Posts	Re: algorythmic trading (algos) - messing up the markets! so where's it say they're getting the orders before they're filled? pre-trade data means pre-open data... __________________ World's leading STIRs chatroom - www.propboards.com - register, then click on chat. Don't let the lack of posts on the forum put you off - the action happens in the chatroom. Targeted at locals, but hedge funds, brokers (including IDBs), market makers, and a few sizable amateurs are all represented. When it's quiet, banter is encouraged and anything goes. No nuisance spread betters please. Anyone else welcome.

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