Zorro - Free Trading Automaton
Welcome to the Zorro project! The idea behind this software is simple: Let some wily machine redistribute money from the rich to the poor.
Zorro was designed with the intention to beat the world financial system with its own weapons. It taps into the money flows of the financial markets and trades stocks, commodities, currencies, or other financial instruments. For finding the right moment to buy and sell, Zorro uses trade strategies that detect anomalies in price curves, such as the beginning of a trend or cycle. Such anomalies can be used, under certain circumstances, for short-term price prediction (read here how this works) and automated trading. Once set up, Zorro runs fully autonomous and can operate without human interaction.
Zorro is a community project. It's free because we believe that a huge number of people should participate in profits from the financial markets. Here's why:
- Technical progress has enormously boosted productivity worldwide and is still increasing it at a rate of about 2% per year. Theoretically, we needed to work four days less every year for producing the same goods and earning the same income.
- However it does not happen this way. Producers use productivity boosts for reducing costs - mostly wages and salaries. This is supposed to improve their profits, but it also has an adverse affect. Layoffs, unemployment, subsequent demand shortfall and economic crises eat a large part of the benefits from increased productivity.
- The remaining excess profits are invested - however not in production of goods, but in financial assets. Hedge funds, investment banks, and trading firms circulate an immense money volume (up to seven trillion US$ per day) through the financial markets, this way creating a shadow economy that largely surpasses the market of real products and services. It consumes most rewards of technical progress, and gives back occasional market crashes and financial crises.
- But it also offers the opportunity to redistribute some of the excess profit back from the rich to the poor. Providing many people with a small but regular trading income will take liquidity out of the financial markets and inject it back into the production cycle. This will boost demand worldwide and soften the world's economical problems.
Zorro comes with several built-in trade strategies that are intended for generating a regular income. However its main purpose is helping people to understand and exploit the financial markets. For this it contains a trading strategy course and a serious strategy development system (learn more here). All this is free. But we expect something back in return: do not just fire it up and wait for the money to roll in. Go through the course, learn automated trading, and develop your own financial trade systems. Share them with many others, and attack the world financial markets with many different ideas and methods.
Zorro version 1.58 was released and is available on the download page. This version contains a system for HFT simulation and backtest, and many other new features, improvements, and bugfixes. The complete feature list can be found on the What's New page.
A comparison table of Zorro vs. TradeStation™ vs. Metatrader™ can be found on the FAQ page.
*** As of May 17, 2017, Yahoo abandoned their historical price data API without prior announcement. If your script uses price data from Yahoo (for instance, the Z8 portfolio strategy), please use the workaround posted on Financial Hacker. ***