I like your premise, using $ base stops. Have you tried to create one using tt's order builder, adl. Try posting a question to their user forum and someone may create it for you.
Their online forum provides solid examples and responds to questions, often with graphic examples of a solution,
https://forums.tradingtechnologies.com/forumdisplay.php?24-ADL%AE
">> I should be more clear about where my $4k desk comes from.
$2,200 comes just from X_Trader Professional package with autospreader....
$1,100 comes just from CQG charting because I want one for myself only, not shared so I can always leave the login running from home or office."
That's...
Thanks. What about direct market access? Do futures orders through BBG route direct to the exchange matching engine or are the running to a bloomberg server which then routes to the exchange?
They're doing this on behalf of customers who get dinged by the CFTC for crossing their own orders. Traders using multiple instances of automated spread apps and traders who have several traders within one group, don't have the visibility or the ability to avoid crossing themselves. Do enough...
pure price analysis can be sloppy. you need qualifiers to ensure the price was legit and not an outlier. look at volume, open interest, and, if possible, time of day for the price activity.
tt's trying to compete on price now...i got their newsletter earlier today and they've dropped their prices...500 bucks for the basic xt
here's a link to the site with the new pricing...
I never coded more that simple VBA and 'hello world' in C# but managed to easily put together order types and algos using ADL at tt. Give it a shot. Their user forum provides alot of good insight and help too.
https://www.tradingtechnologies.com/en/products/trading-analytics/xtrader/ADL/
"Knowing in advance" when it will work. So you need to add into the algo negative properties. If you can define your scenario, write it out, you can likely build it.
The Russell 2k is going to lead us lower. It failed to reach recent highs like the other indexes and for good reason. The R2k is reflecting how the small(er) businessman can't succeed in this economy. They're choked out by the uncertainty and their customer base hasn't the cash flow to...