Are you automating using a VPS?

[trade101cris]

Hello guys,

I have a quick question for you. I've seen on other trading forums that there is a whole thread dedicated to automating your trading experience with a VPS.

Basically they use software, one of them called Ninja Trader and they buy a VPS which is a virtual computer that runs 24/7. Basically they have much more chances doing that than working on their personal computer only few hours a day.

The most popular VPS provider and cheapest seems to be... Have any of you used their services or can anyone give me more details on using a VPS?

Let me know,

Thanks

 

[Pat494]

Are you talking about neural networks ? If so there may be a curve fitting issue with all that time spent on assessment ?

 

[trade101cris]

Hey,

Thank you for the quick reaction. First of all, I am not a PRO on this, I don't even know basic details but I want to learn.

So I heard that instead of doing everything manully I can use a VPS, get Ninja Trader, install it on the VPS and after setting it up everything will work automated on the VPS.

Does this even make sense?

 

[Pat494]

Wish I could help.
Probably better talking to the hosting company for info.

 

[f2calv]

@trade101cris it's not quite as simple as paying for a VPS (virtual private server) instance and then getting an account with Ninja Trader... you'll need to code your *own* algorithm which is the bloody difficult part.

Having said that NinjaTrader does support C# which would be my language of choice rather than having to learn any platform specific language/script.

So in a nutshell by doing the above YES you can get access to all the trading opportunities that pop-up 24 hours a day so you don't need to sit in front of your screens trading all day. However you will have to still sit in front of your screens all day writing, tweaking and testing your algorithm all day - and I would imagine that would require many months of work before you turn profitable.

The main benefit of running a rudimentary algorithm is that it would remove the emotion from trading - removing the greed/fear psychology element is key to be consistently profitable.

I wouldn't bother looking for a VPS until you have completed version 1 of your algorithm, in the meantime you can just run it off a home PC in the early stages, because lets face it, you're not going to be able to compete with the ultra-high frequency boys *ever*.