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# System prepended metadata

title: Planning for Algorithm trading

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# Planning for Algorithm trading

Here is the brief summary of what we have discussed on 3 Dec 2021 3pm via Zoom. 

This information is useful for not letting the portfolio to be too arbitrary and clearer project scope. Also, keep in mind that the trading algorithm and implementation should be flexible to extend to Hong Kong market in the futures.

### Target

- Profit target: > 8%
- Investment horizon:
    - day trades to week trades
- P&L reporting
    - quarterly

### Scopes

- Fund size:
    - RM 1 - 2 Millions
- Instrument used:
    - Malaysian futures
    - Malaysian equities
- Market sectors
    - flexible
- Trading platform
    - Finevo API calls via websockets
    - Bursa UAT for backtesting
- Profit Sharing scheme
    - to discuss (action: Khe)

## Next actions

### FINEVO Websocket connections

- websocket IP address
- login accounts
    - testing accounts (needed for setting up trading and testing)
    - trading accounts (needed after testing)
- FINEVO websockets api documentations and sample codes
    - key to start the project

### Information needed

- cost of transactions
    - per transaction
        - for Bursa futures
        - for Bursa equities
    - what are the tiers of the charges

- Anything else?
