Hello,

My name is Rémi, I'm 22 and I'm currently in my last year of studies in computer science. I'm currently doing a master's degree in artificial intelligence in Sweden.

I already have some trading experience: a few years ago, I traded on the Forex market, and more recently, I tested the Nasdaq on futures by scalping with price action and pivot points, which worked out pretty well.

I have a project I'd really like to carry out: it consists in designing an algorithmic trading bot integrating the concepts of overflow and price action on futures (more overflow / order book oriented ...) -> all about level 2, particularly on indices and commodities. My aim is to develop a tool similar to those used on the trading floor or by prop firm traders, to optimize position taking and exploit order flow in real time. But for the time being, I'm still wondering about the best approach to adopt: scalping? intraday?

Given your trading expertise, I'd like to hear your opinion: is such a project feasible and profitable? What advice could you give me on how to structure my approach and avoid classic mistakes? And in terms of tools and methodology, what would be best suited to a project like this? If you have any resources I can look into too, I'd be delighted!

Thank you in advance for your feedback, I would really appreciate your help!

RemiM 

Hello, My name is Rémi, I'm 22 and I'm currently in my last year of studies in computer science. I'm currently doing a master's degree in artificial intelligence in Sweden. I already have some trading experience: a few years ago, I traded on the Forex market, and more recently, I tested the Nasdaq on futures by scalping with price action and pivot points, which worked out pretty well. I have a project I'd really like to carry out: it consists in designing an algorithmic trading bot integrating the concepts of overflow and price action on futures (more overflow / order book oriented ...) -> all about level 2, particularly on indices and commodities. My aim is to develop a tool similar to those used on the trading floor or by prop firm traders, to optimize position taking and exploit order flow in real time. But for the time being, I'm still wondering about the best approach to adopt: scalping? intraday? Given your trading expertise, I'd like to hear your opinion: is such a project feasible and profitable? What advice could you give me on how to structure my approach and avoid classic mistakes? And in terms of tools and methodology, what would be best suited to a project like this? If you have any resources I can look into too, I'd be delighted! Thank you in advance for your feedback, I would really appreciate your help!

My advice would be to read Mastery by Robert Greene. Greene argues that we can all be Masters but we must follow three phases: apprenticeship, creative-active, and mastery. The problem is overcoming our hunger for magical shortcuts.

The apprenticeship follows after the studies!

Further more, if you're interested in algo trading then delve into its history and origins. Read The Predictors by Thomas Bass and More Money Than God by Sebastian Mallaby. Search for everything on Jim Simmons, Victor Niederhoffer and Roy Niederhoffer.

Good luck.

RemiM 

Hello, My name is Rémi, I'm 22 and I'm currently in my last year of studies in computer science. I'm currently doing a master's degree in artificial intelligence in Sweden. I already have some trading experience: a few years ago, I traded on the Forex market, and more recently, I tested the Nasdaq on futures by scalping with price action and pivot points, which worked out pretty well. I have a project I'd really like to carry out: it consists in designing an algorithmic trading bot integrating the concepts of overflow and price action on futures (more overflow / order book oriented ...) -> all about level 2, particularly on indices and commodities. My aim is to develop a tool similar to those used on the trading floor or by prop firm traders, to optimize position taking and exploit order flow in real time. But for the time being, I'm still wondering about the best approach to adopt: scalping? intraday? Given your trading expertise, I'd like to hear your opinion: is such a project feasible and profitable? What advice could you give me on how to structure my approach and avoid classic mistakes? And in terms of tools and methodology, what would be best suited to a project like this? If you have any resources I can look into too, I'd be delighted! Thank you in advance for your feedback, I would really appreciate your help!

Love to know how your journey is going?

RemiM 

Hello, Given your trading expertise, I'd like to hear your opinion: is such a project feasible and profitable? What advice could you give me on how to structure my approach and avoid classic mistakes? And in terms of tools and methodology, what would be best suited to a project like this? If you have any resources I can look into too, I'd be delighted! Thank you in advance for your feedback, I would really appreciate your help!

I suggest you start a journal / thread on NexusFI and present your methods.

Post charts, if you can and theory or actual trades.

You do not need to 'give-away' your edge or secrets but the more you share will allow others to test you will find the errors and solutions faster.

Experienced traders will be able to help guide your process and find logic and programming erros which will benefit you and them.

FWIW