Ask HN: Anyone designs financial engineering tools as a hobby?
I enjoy doing this stuff but it's tough to find others with similar interests since I moved to the boondocks many years ago although it's super easy to find people looking for financial engineering jobs.
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There's also one with a headline "Tesla stops Model 3 production" or something, and Ford, GM and Chrysler go up
Firefox on windows 7 IE does not work either
Hit me up if you're a VC funded by the US with huge amounts of cash.
It seems easy to do this but there are tricky operations like REPOs when you have to 'borrow' papers from a reversal REPO to perform a sell or REPO operation. Then you should close this hole with a next papers arrival. I wanted to attach some web interface to visualize these crazy buys-sells-repos chains but at some moment I left that company.
I want to rewrite that tool as a side project but not sure if it would be helpful for anybody.
Certain large customers (a bank, an airline) had contracts where they would order large batches of printed forms, luggage tickets, sick bags, etc, at some negotiated quantity / price (taking into account the size of the print run, our capacity at the time, etc.). We (the print company) would then print it and warehouse it, and ship it directly to their individual locations in smaller batches as they ordered it.
The billing was done on some cost + shipping basis, so at the end of the month you'd have to look at everything that was shipped, work out which original batches going into inventory that came from on a FIFO basis, and then use that as a basis for the cost plus billing.
It was a horrible messy old codebase, and it was sometimes difficult to explain the results.
Anyway, I just thought I'd share this as an example use-case for a sufficiently generic / flexible / reliable implementation of your potential side project.
https://www.cryptoport.net
I originally just wanted to do arbitrage trading, so I built a simple tool to find opportunities using pre-existing services.
But as I slowly learned more about it, I had to expand it into monitoring the exchanges in real time with orderbooks and past trades to get around annoying false positives in my original system.
It's pretty interesting, but I haven't had the time to work on it recently. Plus the increased efficiency of the markets has made arbitrage trading a lot less desirable in 2018.
I would be happy to discuss it with like minded people.
edit: sorry, should point out I've been doing the same for a while and have hit some challenges I'd love to discuss.
https://github.com/danielecook/iex-api-python
(work in progress)
I plan to integrate it into a larger project.
I'm coming from a biology/bioinformatics background - so I don't know too much about finance but this is my effort to learn about it.
[1] https://www.backtrader.com/
https://github.com/DutchKevv/TradeJS
Under heavy development and simplified. Removed the trading bots part and focusing on realising 'social overview + price alarms' for now.
Only check on chrome svp
Can i just say that I wish there was some kind of repository of information for drawing charts. And there are so many different kinds of financial charts that's it's a bit intimidating.
For me, I like doing the impossible. If no one has done it before, I don't need to get bogged down by books or stackoverflow. (And, you don't need a degree.) I have to figure out new ways to solve a problem. That's what makes programming fun and that is what makes this sort of stuff fun.
Like just the other day I figured out how to compress arm movement down to, so far, 4 variables (all floats atm), for every reasonably large change of movement. (Though, for small tremors while walking and other kinds of movements I'll need to output some more data.) My goal is to increase the accuracy of the signal beyond the initial noisy accelerometer data. The pain is going to be proving it through a high speed video camera or something else (Got any ideas? lol) because I'm designing this to be accurate to real life arm movement, not accurate to initial data. (If you're curious, an ellipsoid, plus an axis for like looking at a watch, and possibly a magic number or a large radius for a straight line.)
Does HN do PMs? If you want to hang out we probably have a lot in common. Though, I'm untrained and just kind of unusual.
Oh btw, I'm not sure if it is obvious, and not like I've read a book on the subject, but as far as economics goes I would think meta macro economics would help day trading. But what do I know? I'm just a rabbit.
Backtester by author of quantstart: https://github.com/mhallsmoore/qstrader
And if you go back and modernise it, I'm still interested in Github links :D
Where you trade? What sort of trades? How much capital to start doing something like this?
My algorithms are mainly swing/long term, so making a few trades a month. I like to trade and back test ETFs like SPY and SPXL since they have high volumes and are more easy to « predict ».
I started with 10k and it didn’t feel risky at all since it was post 2009 :)
I have limited financial knowledge but I would recommend reading about technical analysis and technical indicators (This one is short and sweet https://www.investopedia.com/university/technical/) just so you can grasp the basics.
This allows someone buying the B tranche of FORDO 2017-B to see how many people in Florida are 30-60 days delinquent, what model car they drive, the LTV, etc.
100% free: https://finsight.com/product/us/abs/ee
Note: this is not exactly a "hobby" but we offer all of these services 100% for free without restriction so thought I would share regardless.