Introduction to the Primary Challenge and Design Principles=
In this section, I'll discuss the primary challenge that the trading robot in this course aims to address. By understanding the robot's goal and structure, you'll gain a clearer perspective on the solution it provides. Additionally, I'll cover the design principles that guide the development of this solution.
First, let me give you a brief overview of the roles of TradingView, Interactive Brokers, and the trading robot.
Room 101 - Trading robot, TradingView and Interactive Brokers
A trading robot, also known as an algorithmic trading system or automated trading system, is a software program that uses pre-defined rules and algorithms to analyze market data and execute trades in the financial markets.
TradingView is a comprehensive charting tool that provides a range of features for traders and investors, including both backtesting and forward-testing capabilities. Backtesting is a method used to evaluate the profitability of a trading strategy using historical market data, while forward testing is a way to assess how a trading strategy would have performed in real-time market conditions.
Interactive Brokers is a stockbroker that provides a trading API to enable users to run automated trading strategies. The API allows for the integration of third-party tools, such as TradingView, to enhance trading capabilities.