March 16, 2008
Introduction to Real-Time Chart-Trading
IMPORTANT NOTE: DO NOT USE ANY OF THE PROGRAMS PRESENTED HERE TO TRADE REAL MONEY. Most of the programs presented will only work with live data, execution reports, and market conditions. They will NOT work using the AmiBroker Bar Replay or the IB eDemo account.
Traditional Day-Trading by looking at TWS prices may still work for experienced traders who, probably over a period of many years, developed rapid interpretation skills. However, for less experienced traders graphical representations are much easier to interpret than spreadsheets or tables. Setting prices by clicking on your chart is much faster than entering prices in little windows. Trailing the price with your cursor is much faster than entering and modifying parameters in a GUI. All this is especially true when you are trading in real-time, where every second counts.
Posts in this category will introduce techniques that you can use to create your own custom designed Chart-Trading GUI. If you Google Chart-Trading you will find many examples of the many ways you can layout your personal interface. If you aim for maximum simplicity and automation you will end up with the most efficient GUI. Tentative topics that will be covered are:
1) Laying out buttons and controls (Param() Or Button())
2) House keeping functions (AutoTrading, CancelAll, CloseAll, etc.)
3) Automating setup for different trading methodologies (minimizing setup procedure)
4) Auto placement of orders
5) Auto Modification of Orders
6) Displaying order and system status
7) Performance reporting (Profits, Wins, etc.)
Filed by Herman at 3:03 pm under Real-Time Chart-Trading
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