Built in Chicago discusses CloudQuant, a Chicago-based algorithmic trading startup, lets anyone try their hand at devising their own strategies.
CloudQuant, the trading strategy incubator, has launched its crowd research platform by licensing and allocating risk capital to a trading algorithm. The algorithm licensor will receive a direct share of the strategy’s monthly net trading profits.
TD Sequential is a technical indicator for stock trading developed by Thomas R. DeMark in the 1990s. It uses bar plot of stocks to generate trading signals. … Several elements could be modified in this strategy. Whether to include the countdown stage, the choice of the number of bars in the setup stage and countdown stage, the parameters that help to decide when to exit and the size of the trade will affect strategy performance. In addition, we could use information other than price to decide whether the signal should be traded.
“If you are so worried about algos, why don’t you look at Python? Read up on it. Cloudquant, Quantopian. The tools are there, the information is there, for free.”
Crowdsourcing in fund management and trading is the move to utilize anyone with an internet connection to participate in the research with the goal of finding new and better ways of trading. During the discussion the differing approaches being taken with the business models, and the technology, and the challenges each are facing.
Join us at the NY MarketsWiki Education to hear Morgan Slade’s thoughts on the The Algorithmic Trading Tesseract brings cloud computing, alternative data, machine learning, and crowd researchers together forming a revolutionary crowd in the financial industry.
LearnToTradeTheMarkets.com published a very interesting article advocating Why You Should Almost Never Manually Close Trades. This post goes into detail examining that most traders “self-sabotage.” In other words, traders are their own worst enemy. They get emotional when trading.
If you are an algorithmic trader, developer, or data scientists they you have already heard of the Sharpe Ratio. Many of you use this measurement as your score card for how well your algo performs.
Wesley R. Gray (@alphaarchitect), the CEO and CIO of Alpha Architect, a quantitative asset manager published a list of “high-quality research produced by financial professionals in the blogosphere” on the Wall Street Journal
Trading industry veteran Andy Kershner, the CEO of CloudQuant’s parent company Kersher Trading spoke with Chat With Traders about risk tolerance, daily habits and trade critiques.