r/Algotrading on Reddit. It’s a solid plan. Except you made is very simple. I’ve spent 10 years making a working trading algorithm that uses IG index and it’s API it’s only in the last year is it profitable to a point where it’s easy to scale up.
Why wouldn’t it just be a simple order book? You could easily manipulate it by stacking a bunch of orders just outside the book’s depth, pushing the market in your desired direction. This creates the illusion of ‘smart money’ at play, and with low liquidity, others would quickly follow suit. This strategy would be cheap and surprisingly effective in thinly traded markets.
Why wouldn’t it just be a simple order book? You could easily manipulate it by stacking a bunch of orders just outside the book’s depth, pushing the market in your desired direction. This creates the illusion of ‘smart money’ at play, and with low liquidity, others would quickly follow suit. This strategy would be cheap and surprisingly effective in thinly traded markets.
This is my Existential crisis. Some days 16, some days iPhone Mini will do. Then I buy a 4x inch monitor and hate myself for it. Thanks for bringing up this trauma.
Which market are we talking here as I know it’s Sunday evening and futures markets have just opened at 11PM GMT and this says it’s not open. So it’s bullshit.