New article Interview with Sergey Abramov (ATC 2012) is published:
The trading robot of Sergey Abramov (26405) is staying in TOP-10 since the second week. However, it caused much anxiety for its developer. As it turned out, the robot contains a small error in position close block. The robot has been developed almost exclusively on the basis of the past years' results.
What set of skills and personality traits are critical to do algorithmic trading?
You should be good at logical thinking
to develop algorithms. But if this was the only critical parameter,
then all math professors would be the best in this field. You should be
able to combine math and basic knowledge of finance. At least, you
should understand what (and how) affects the price most - US
unemployment rate or the earthquake in Japan. Besides, you should
possess the quality all authors are writing about. You know, something
like "Today Joe has lost the amount of money exceeding the cost of their
house while doing his trading, but his wife did not even suspect
I work with CAD systems and I often
have to do programming for different platforms - solve non-standard
issues, develop algorithms for subordinate employees, etc. When I do not
have enough time to do programming due to various "paper" work, MQL5
prevents my brain from "drying up".
Is it necessary to have some trading experience or do your programming skills and knowledge of math seem enough for you?
Experience is necessary. You cannot
learn driving only by studying cars in books. You need to do some real
trading to know that a deal execution may take more than a minute and
spread may increase by 2-3 times.