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-- Fair enough. But to quote you: "it looks good on paper". Would you mind discussing how you would have determined that the entry was not so hot? Let use an example, which may in no way reflect the actual way you trade, but humor me: Lets say the market was trending up, and made an...

-- I dont quite follow, would you mind elaborating a bit on your comment? Im definately not saying dont have a place of exit for a bad trade. What I am saying is that place of exit is constantly evolving in a trade.

In a deep Jack Hamby moment I thought I would add this: It really all comes down to this. I simply dont believe analysis ends when a trade is taken. Its just not that simple to me. I cant analyze the market up until the moment I am in a trade and then say "OK money management take over...

-- Not exactly what i am saying JSSPMK. I am in no way saying you continue averaging down forever until your hopes are crushed. Im saying current analysis of this trade says it is still correct to go long with this trend, even though the initial trade is in the red. You are dead on when you...

-- Cant argue there... -- Indeed, but it also means I have more exposure on the ones that do validate my ongoing analysis during the trade, which to me is when it is easiest to truly gauge the price action. To me, analysis doesnt stop at trade entry. It continues while the trade is...

I have a question for the OP regarding if he uses this method to a) blindly assume that he can average until he eventually turns a profit, or b) turn a losing trade into at least a better losing trade using info from the market? While "a" appears nearly impossible, and would require some...

Matt, I went through this exact same excercise a little over a year ago. http://www.elitetrader.com/vb/showthread.php?s=&threadid=38936 If you are building this as a marketable application, you will most likely have to build the charts from scratch. The current packages out there...

pjbreen, No problem. I took a look at the link you provided, and it looks like a pretty good library they have going. You mentioned the C++ api. Since you are writing your app in C++ .NET, make sure you get the managed .NET object and not the regular C++ object. Otherwise, you will be...

Oh the humanity....... Just for clarification: ActiveX is a term from Microsoft that simply stands for a set of technologies, built by microsoft, for COM and OLE integration. It has nothing to do with DDE or FIX. Most people think of ActiveX Controls when they talk of ActiveX, which is...

Cdntrader, The quote from IB's forum was not my own. I found it when I was researching this exact problem a few months back. So, I cant comment directly on eSignal's performance vs. others. I have heard others say there is some lag during really heavy times, but I have never personally...

fader, Below is a post on this subject from the IB api forum: <b> Generally speaking, IB only sends a message when something changes. So if a trade occurs at the same price and size as the previous trade, IB sends neither price nor size messages (but it may send a volume message)...

Merovingian, While you certainly can use a development framework like TradeMagic to help you develop your system faster, you will quickly find yourself in the same boat you are in now: Stuck using the brokers/vendors that the framework supports, limited to the features they support...

Merovingian, Hello. To help you out, could you tell me a little more about your background? Are you a developer? What type of programming languages have you used? Do you know what broker you want to interface with? What are the basic features you want in the app? I have...