First trading attack at dawn! ETF and forex to start
Let’s talk about our plan of attack on live trading. As I have decided to go with Interactive Brokers, I feel they have the most advanced API available on the market for automated trading. I did talk to a live agent about the different data provider charges that they have which are pretty well in line with IQFeed. So guess who I’m looking at as a data provider for both real-time and historical data? We got all that covered in all my courses for both Elite and Premium memberships. All tools and instructions are provided in these memberships.
In terms of instruments of what to trade, it seems quite limiting both on account size and risk tolerance. So I’m setting out to trade ETFs and Forex at the start. For now, I will be focusing on a signal generating system for ETFs and indexes. These are fairly cheap on the commission front for ‘buy and hold’ strategy techniques. Luckily, I have worked on source code that can accomplish this task at all levels. I have confirmed with Interactive Brokers that they can give me American ETF selection is which I want. I will be posting the source code to my Elite members as I use it.
The talk of leverage and margin is sort of daunting depending on the instrument you choose. As you can imagine, the selection is very limited from the get-go. But there will be lots of trial and error as we approach this methodology I’m hoping to provide
Some live charts in my new trading category in the blog so hold tight over the next few days as I start posting stuff.
Thanks for reading
P.S. If all goes well, I got one strategy I would like automate for both options/futures where options have the max pay off in which I want. This depends on how the above goes at first. Future and options trading is big boy stuff so it is a go nowhere for me at this point.
NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!