Hi {subtag:name|part:first|ucfirst},

As an R&D shop, we spend a lot of time building software to test the ideas of our traders and quants. 

Test servers have a tendency to multiply...which means increased overhead.

Setting Up a Lightsail Server...


 

Here's a breakdown Lessons Learned from hosting servers:

 
Colo server from SpeedyTradingServers:
Pros - Great stability, service and speed.
Cons - A good value for a production trading server but too expensive for day-in/day-out testing.

Inexpensive Hosting Shop:
Pros - Good prices and quick provisioning
Cons - Limited support - Server hosting admin support is critical as the Sceeto transactional middleware between Python and Sierra Chart and Sceeto, dubbed 'SceetoPy' is somewhat complex and can need some server tweaks from the hosting company

Amazon AWS EC2:
Pros - It's AWS so everything is available at your fingertips
Cons - It's AWS so everything is available at your fingertips Expensive to leave running.

Amazon AWS Lighsail:
Pros - It's AWS so everything is available at your fingertips   Lightsail is much cheaper to leave running than EC2 Lightsail is much easier to provision and administer than EC2.
Cons - We'll know after a few days of running this box...but so far, so good.
If you have any questions or insights regarding test servers and colo servers, please reach out to me at https://sceeto.zendesk.com/hc/en-us/requests/new

Go to https://sceeto.com and take a ride on a bot or two.

All the best,
Carl

Carl 

Carl Weiss
Algorithmic Architect @ ...sceeto

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Hi Carl!

I tested out Sceetobots for Sierra Chart some time ago and I found it VERY confusing. Still, it is VERY intriguing and if I could understand it I'm sure that I could get the help from it that I'm looking for.

Thanks,
Nick
_____________________________________________________________________________________________
 

Hi Nick,

First off...it is too confusing.

I am learning how to better explain how to use the bots for my styles of trading.

The most interesting thing for me, is the utilization of audio alerts to be notified of a potential setup and a programmable keyboard to deploy one or more Sceetos.

These instruments are part and parcel of what makes trading via bots into a video game.

I am realizing now, that trading is nothing more than a video game.

We know the rules and we should exploit them.

To exploit them, we need the best tools.

More software, more algos, more markets, blah, blah, blah.....enough.

What I think we need is better interaction with the market.
 
Sceeto

Gamers, such as my kids (twin 14-year-old boys) have all of this gaming equipment.

They know that when they compete at Fortnite they need special gear for this, and other video games - or their buddies will kick their asses.

We are traders.  We stare at screens just like my kids do.

We need the alerts and tools that gamers have.

Watch these 3 videos as a starter on using gaming tools for trading.

I started with about 80 bots and after a few years of tinkering, I have landed on 4 bots.
 

Primary Sceetos:

  1. Pivot - Used for Reversals at levels, or continuations of a trend.
  2. MoSceeto - Used to go with Price Momentum 
  3. Fade - Aggresive bot that fades a price move (can be configured so that the order book needs apparent conclusionary order flow in order to self-execute
  4. Go With - This is when the horse has left the stable and you just want to jump on its saddle and ride it out into the fields

We also have a BreachBot, which is very cool, but I do not think that we formally released...however, I should get around to packaging it up. 

The BreachBot looks for conclusionary order flow in Book Pressure...pretty much where a trend puked at the end.    

The BreachBot will look for this puking as a line in the sand.  If it is breached, that means that traders are stuck/trapped.

When this happens, the BreachBot will take advantage of this opportunity.

All of these bots have one thing in common.

They need to be teed up prior to the event happening.

Which is why we lean so hard into audio alerts.

When the alert goes off, it means that something material has happened in order flow.

When there is something material happening in order flow, it is frequently followed by a few events that are tradeable.

Hence, the audio alert is not telling you missed something, but rather, that imminently, there is potential for warrantable trading (don't trade if there is no action).

This is when your trading and screen experience comes into play.

After hearing an alert, with fresh eyes, look at your chart.

If you see something teeing up, deploy one or more Sceetos and let them have at it.

If the situation changes, nix the Sceetos.

What is super cool, is the Reverse on Stop functionality that is being readied.

Nick, what's cool about Reverse on Stop is that it allows you to be wrong.

If you wait for a pristine setup (which is easy b/c you are not doing bubkis unless there are alerts), and the trade fails, then the Sceeto will reverse for you.

I have only been tinkering with the new Reverse on Stop functionality for a few days, but it seems that it is going to be killer.

Let me know when you get your rig set up and we can discuss next steps.

Stay safe.

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