Jumping into the algo trading world and I’d love your feedback on my learning path and any suggestions for resources (software, info, topics) to explore.
My Algorithmic Trading Plan:
- Master QuantConnect Tutorials: Gotta get a solid foundation, right?
- Backtesting Analysis Ninja: Learn how to dissect those backtest results like a pro.
- Simple is Best: Start with basic backtests using technical analysis and linear regression. No crazy complex stuff yet.
- 5-Minute Chart Focus: Building algos specifically for 5-minute charts.
- Paper Trading with a Twist: Test each algo with a small amount (around $200) for a month to see how it performs in a simulated environment.
- Scaling Up (Hopefully): If things look promising after a month, consider adding a more amount of capital (think 4-5 figures).
- Risk Management is Key: Currently defining my max percentage loss limits for both daily and weekly periods.
My Background:
- Ex-Active Trader (2010): Used to trade actively back in the day, but had to take a break for health reasons.
- Technical Analysis Fan: Wyckoff and William O’Neil were my trading gurus.
- Coding Mastermind: 20 years of software development experience under my belt.
Looking for a Smooth Start:
While I’m willing to invest in a good platform for quality data and a user-friendly trading environment, I’d prefer not to build everything from scratch right now.
Hit me with your best shot! Any advice, critiques, or resource recommendations are greatly appreciated. Let’s make this algo trading journey a success!
P.S. Feel free to ask any questions you might have!
submitted by /u/rk1011 to r/algotrading
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