I marked "No - Price is too high," but it's possible that it's worth $300/month. I would want to see several months of trades/results so I could do the math and decide how much capital I'd need to turn over to the AI to make $300/mo worth the returns + ease of use.
Thank you for your honest reply. This is a fair point and the performance of our strategies versus the market are shown very transparently so the math would be similar. In the long run our strategies applied consistently would far outperform the market and a $300 price point would be justified for anyone that has more than $5000 invested
Sounds good. Would you consider putting up the various bot trades for a period of time so those of us who are interested could watch and learn? I've been following along with the spreadsheets for a while but I'd be interested to see what the bot purchased and sold and when.
I'm not sure if this an example of a bot in a traditional sense. Its an automation that would run on your machine like you are making the trade yourself. Not sure how this can be regulated but yes it does use APIs so maybe thats how they regulate it but I'm not familiar with Canada jurisdiction but essentially it can be done in any way the replicates a manual action.
I would be more interested in a shared profitability model, instead of a flat monthly fee, charge a reasonable % of profits. Much less risk for your users, and potentially much higher income for you.
This is a great point. I am in the process of establishing a hedge fund so this would be mostly like what you’re suggesting. If there is a model that you’ve seen someone else implement, i’d love to learn more about that :-)
I will just build a bot that i have no view into... you connect via the api terminal on your local machine and then only you get to use the bot so nothing will be shared with me.
yes, so one way i'm doing that now is it'll send a buy order at bid price and then continuously increase the price by .01 cent (or next multiple up) to get the best price filled.
It would be largely controlled by the user, as in, you decide when to turn it on and off and by default it would ask you everything before it sends a trade so all you would have to do is click buttons to accept and everything else is done for you as you see in front of you
Tasty trade there’s another popular one
I marked "No - Price is too high," but it's possible that it's worth $300/month. I would want to see several months of trades/results so I could do the math and decide how much capital I'd need to turn over to the AI to make $300/mo worth the returns + ease of use.
Thank you for your honest reply. This is a fair point and the performance of our strategies versus the market are shown very transparently so the math would be similar. In the long run our strategies applied consistently would far outperform the market and a $300 price point would be justified for anyone that has more than $5000 invested
Sounds good. Would you consider putting up the various bot trades for a period of time so those of us who are interested could watch and learn? I've been following along with the spreadsheets for a while but I'd be interested to see what the bot purchased and sold and when.
Thats a great idea :-)
Unfortunately bots are not legal in my jurisdiction (Canada) so not sure if there could be a workaround for us Canadians :-(
I'm not sure if this an example of a bot in a traditional sense. Its an automation that would run on your machine like you are making the trade yourself. Not sure how this can be regulated but yes it does use APIs so maybe thats how they regulate it but I'm not familiar with Canada jurisdiction but essentially it can be done in any way the replicates a manual action.
I would be more interested in a shared profitability model, instead of a flat monthly fee, charge a reasonable % of profits. Much less risk for your users, and potentially much higher income for you.
This is a great point. I am in the process of establishing a hedge fund so this would be mostly like what you’re suggesting. If there is a model that you’ve seen someone else implement, i’d love to learn more about that :-)
Also features and functionality would be helpful
No one uses IB. TD and RH. You will need api secret keys not sure anyone is going to give you that
I will just build a bot that i have no view into... you connect via the api terminal on your local machine and then only you get to use the bot so nothing will be shared with me.
In order for a bot to execute trades you need to use the api
As long as you can get a proper fill on thinly traded options that’s fine...
yes, so one way i'm doing that now is it'll send a buy order at bid price and then continuously increase the price by .01 cent (or next multiple up) to get the best price filled.
As long as compliance is OK with it..
It would be largely controlled by the user, as in, you decide when to turn it on and off and by default it would ask you everything before it sends a trade so all you would have to do is click buttons to accept and everything else is done for you as you see in front of you
Just make sure TD Ameritrade think or swim is your first overlay platform…
How about Interactive Brokers? I would probably do Interactive Brokers (this is what I use), followed by TD :)