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Value Weighted Index Algo
Luke Palmer
edited Jan 28, 2016
API Getting Started Value

Hi guys,

I am wondering if someone can help.

I have very little coding experience. The only "coding" I have done basically involved copying and editing some javascript code for an old browser based game I used to play (not exactly a Google Go AI programmer). Anyway, I was hoping to create an algorithm that would assign a weight to a stock depending on some basic fundamentals then buy the required number of shares each week. Then as time progresses the algo would recalculate the weights for each stock and redistribute the funds accordingly.

I currently download the FTSE250 data from the London Stock Exchange website and then format it using excel and then place buy orders manually on IB. This is obviously time consuming (luckily I am a student so time isn't too much of an issue) and wouldn't be practical in a real world situation.

Anyone have some sort algorithm that could form a base from which I can build my ideal algorithm?

Thanks in advance.

1 response
Jamie McCorriston
Jan 29, 2016

Hi Luke,

Welcome to Quantopian! To start out, you'll probably want to go through a basic Python tutorial such as this one: https://www.codecademy.com/learn/python

After that, I would recommend you go through the Getting Started Tutorials to get the hang of the Quantopian API, and then take a look at this tutorial video that covers an example algo using Fetcher - the tool that allows you to import data from a .csv file.

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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by Quantopian.

In addition, the material offers no opinion with respect to the suitability of any security or specific investment. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action as none of Quantopian nor any of its affiliates is undertaking to provide investment advice, act as an adviser to any plan or entity subject to the Employee Retirement Income Security Act of 1974, as amended, individual retirement account or individual retirement annuity, or give advice in a fiduciary capacity with respect to the materials presented herein. If you are an individual retirement or other investor, contact your financial advisor or other fiduciary unrelated to Quantopian about whether any given investment idea, strategy, product or service described herein may be appropriate for your circumstances. All investments involve risk, including loss of principal. Quantopian makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances.