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http://lmgtfy.com/ ....I couldn't help myself

Thanks Junior

It was my understanding that most globex markets are FIFO, meaning that if u are first to quote at a particular price point, you will be the first filled at that point. Is this incorrect?

Thanks James. Are my assumptions on the first two scenarios correct?

I fear that the "New Posts" feature on the new ET may encourage people not to look at this post since its a few hours old, so..... BUMP

I have a few questions regarding what happens under different scenarios when I place multiple orders on the same contract on CME Globex. If there are broker specific results to these questions, I am using IB. Scenario 1: The front month CL contract is trading at BESTBID (PRICE_B) and BESTASK...

I'll admit, he is fairly good at googling random things and stringing them together. Problem, is if you can actually process the ramble... it makes no sense. He is clearly delusional... maybe he believes his own story?

Jack, Do you have any audited history of your automated trading system? I'm curious what level of mastery one has to achieve before the SEC starts breathing down their kneck. I'll stop just short of there.

With all due respect to Jack, I think the recommendation to learn SQL as your first programming language is ill advised, at best. SQL is primarily a databasing language. While I suspect many folks use SQL for their databases, they access their sql database through C++ or Python. In my...

You do need time series. The market is a dynamic system, d/dt . If d/dt = 0, we have no market. You can produce signals based on a single snapshot, but those signals are based on past knowledge. The exception where the past doesnt matter is arbitrage.

Sure, but whats the problem with that? I cant think of anything in life that we do that isnt based on the "data series". Everything we do is based on past experiences and knowledge. Trading is no different

You must test with out of sample data, I.e train your algoritm with data from march and test it with data from june and july. If it falls apart, you are "overtrained", or curve fit.

My mind hurts

I don't use a specific time frame, I use ticks. The only role time plays in my system is my "speed limit".

If they are simple, it wouldn't be worth it to hire a programmer anyway, just us NinjaTrader or TradeStation. If you don't mind me asking, how do you know these "simple" strategies are high probability? What frequency are you looking at?

That assumes you are coding for the sake of coding, which unless you are an extremely bored individual, you are not. You are coding to accomplish a task, and it is the task that is inherently difficult. Clicking the mouse is to chart trading, as coding is to automated trading. To me the...

I would say that trading can be learned in much the same way coding can be learned. The difference is lack of discipline in trading results in financial ruin, where as lack of discipline in coding results in segmentation faults .... and financial ruin if you are using your code to trade.

If you really think your strategy is that unique, than you should go slow and protect it. But the odds are it is simply a slight variation of what other people are already doing. That doesn't make it any less profitable, but it is good to keep that in perspective. I've been working on my c++...

Absolutely. But, the trading part needs to be built on a solid foundation, so the "other stuff" is equally important.

I think your apprehension to learn how to code is misplaced. It is simply a tool that allows you meet your goals. Its not hard to get a basic understanding of how to code, it would probably take you a weekend (read one of the teach yourself C++ books.... thats how I started). Becoming skilled...