Article The Importance of Choosing The Right Automated Day Trading Software

T2W Bot

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Computer applications have made it easy to automate trading, especially for short term intensive activities like day trading, making the usage of trading software very popular. The debate continues on the profit potential which can be realistically derived from day trading activities, as brokerage and commissions are said to take away the major portion of available profit potential. It thus becomes very important to select the right day trading software with a cost benefit analysis, assessment of its applicability to individual trading needs/ strategies, as well as the features and functions you need. 
Day trading is a time bound trading activity where buy or sell positions are taken and closed on the same trading day, with an aim to make profits in smaller price differentials on large order volumes by frequent buying and selling, usually on leverage. 
What is day trading software? Day trading software is an automated computer program, usually provided by brokerage firms to...
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moka2

Established member
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Arb - dual listed share on multiple markets,

Mr Seth
Could you give a real life example of such arb?
and is it at ll possible at retail level?
 

Dong Mu

Member
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moka2 smart question, seth not idea. he think HFTs let you pick arbs take their orderflow hijack in front of nose, i should coco limey say. anyone got clue here?
 

moka2

Established member
529 13
Dual Listed shares?

May be he is referring to
Arb between ADR and stock's price on it's native exchanges ( but thne the issue of Tax comes in to picture) ypour arb profit might be tiny but if teh winning leg is in a country which assumes you have made huge profit an ddoes not taek in to account the loss on the ADR is no good

Or for India specific there used to be arbs between Stocks listed on the NSE and BSe . but I have heard it is no longer the case
HFT in the sence CO location and amrt AUtotrader may help for such trading ( CQG TT or more advanced)
 

postman

Legendary member
21,788 2,326
...Your up against companies that throw $100m's at this type of trading...

I think running your own day trading software on your home PC (particularly for Arbitrage) is like entering a family saloon into an F1 race. Your going to end up looking silly and lose money in the process, both on your trades and the cost of the software.
Your up against companies that throw $100m's at this type of trading, they try to gain microsecond advantages.
 

Pat Riley

Established member
794 178
I'm agreeing with chappie above. Automated trading strategies for retail side is probably optimum where you have a quantifiably distinct edge which you have demonstrably proven to yourself is only ever negatively impacted by your presence as trading execution manager. In short, get yourself outta the way and let the system you have automated trade properly.

Seth's article wandered off into arbing and pitting up against the HFT boys which ta be honest, is tough enough a remit for institutional players.
 

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BurtsDog

Junior member
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Thank you for the informative article. I would be interested to see you write a follow up article where you go through the pros and cons of 5 or 10 of the most popular day trading software platforms.
 

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