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Thanks for the tip. Looks like they have a 10k minimum balance.
by babl 14y ago
Thanks for the tip. Looks like they have a 10k minimum balance.
- gusfoo 14y agoBecause of the volatility of returns there is a minimum amount of money needed, sums below that minimum are just going to get wiped out before they have a chance to get a buffer added. 10K lower limits are there for good reasons.
- smrtinsert 14y agoIf anyone can find an api with intraday quotes and support for backtesting which doesn't require a 10K mininum please let us know! (I know that's probably 0 brokers)
- noname123 14y agoIB has an API that supports tick-by-tick historical data and real-time quotes. You might be able to sign up for a demo account and pull from their historical database. You'll have to roll your own backtester though when you build your own historical DB. But to save you the time, applying regular ML to historical tick-data will only make you into a smarter market-maker. In usual trending or sideways equities, you'll make small amounts of money followed by a catastrophic loss due to catalyst events, earnings etc that wipes out months of money. Perhaps the most important part of algo-design is not the ML, but tweaking draw-down and risk management.
- jik 14y agoYou'll have to roll your own backtester though when you build your own historical DB. Or you could just PR a new data source class for Zipline that pulls data from IB. Ah, the wonders of open source!
- hogu 14y agowhen did IB get tick data? the last I checked they just had one second bars, which are totally different.
- foobarqux 14y agoI believe IB only requires 10k initial deposit and then you can maintain your account on 2k (+ some buffer).
- SkyMarshal 14y agoGiven most brokers transaction fee model, I don't think you'd want to algo trade with much less than that. Though iirc Collective2 lets you test strategies for free: http://collective2.com/ http://collective2.com/