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Sunday, January 31, 2010

Automated Trading - What you need

Here is few items you need to automate your trading
1) You have a basic idea about stock markets and trading manually around some specific method/idea
2) Basic understanding of software programming
3) Softwares like excel spreadsheet, Microsoft access to start with or oracle, weblogic server, or custom software like amibroker(These are the ones I use, I started with basic microsoft applications and found that they sucked for back testing performance and used oracle and weblogic, which runs really fast but requires a dedicated machine preferably, the startup time of a pc with oracle installed is very long. Currently I use amibroker for most of the time, this has a cool front end and super fast back testing capabilities.
4) historical data from stock market(at least for 2 years)

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