What newbie needs to be able to actually trade?
Author: ExtrovertOgre
Creation Date: 8/13/2010 11:31 AM
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ExtrovertOgre

#1
Hello everyone

I am a complete novice in online trading but I consider myself an experienced C# developer and have studied the concepts of derivatives, trading, stocks etc in some depth. After reading Wealth-Lab 5 user guide for the past week, programming strategies seems like the most interesting and relevant part to me. I still don't know what needs to be done to be able to actually trade in a (which?) market (any links or references will be highly appreciated!). Should I trade in London Stock Exchange as I live in UK?

Most importantly, I am confused as to what should be my next step. What would you recommend?

Thanks in advance!
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disc999golfer999

#2
Hi Extrovert Ogre,
I am just like you. However I downloaded and installed Wealth lab Pro almost 1 year ago. I printed out the 5.1 book. I am still trying to figure out what I am doing. Here are a few things I learned... and an approach you can use to figure out what is happening here.
First: I created a Buy at Limit and Sell at Profit Target strategy using the "Drag and Drop" method. Then because I am a C# programmer I turned it into code for study and testing. (The backtesting says I was profitable, but what does that mean?)

CODE:
Please log in to see this code.
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disc999golfer999

#3
Third I am in the process of observing and drawing conclusions.
A). It appears this piece of code runs continously.
B). I had tried to add custom parameters such as the earnings announcement dates as there is stock price movement arround the date. The X-Dividend date follows the same pattern for corporate bonds.
I came up with these basic questions...
I). How do I define a bar measurement as a minute, 5 minute, etc..
II). How do I combine of the many pre-programmed stratigies into actionable code that I can create an entry/exit for?
III). How do I use the underlying (BP) and have my Wealth Lab strategy trade trade the derivative (-BP100918C40)?
IV). How do I add custom data elements around a security that serve as trigger points for possible trading opportunities. Some data points are X Dividend Date, 30 days before X Dividend Date, a High price within that 30 day window., etc ..

Maybe the newer version (Version 6) has better documentation around these areas.

Cheers!
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Eugene

#4
Andrew, please use the CODE tags (a button that you can find near to Bold,Italic etc. when adding a new post) to make your code nicely formatted and readable.

A) What exactly appears on the screen when it appears that it runs continuously?

I - What do you mean? Be specific please.
II - Again, not clear what's that.
III - Use SetContext to issue trading signals on a different security for which you have the data. Is this the case with -BP100918C40?
IV - This can be a simple boolean condition. Once you compared the bar's date with e.g. ex-dividend date, you got the boolean true, and act accordingly.
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