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The chart you posted is for a futures contract, not the cash index. In fact, Thorn wouldn't understand what you posted, as he admitted himself that he didn't know what ES stands for. Nevertheless, according to him, he successfully manages a multi-billion hedge fund. :)

I demand an apology for the two missed commas, the quotes, the period, the missing pronoun, and the failure to capitalize the first word of the sentence. It should be:

What does "just made the top" stand for, considering that it refers to the date 5 days ago?

OK, that's better. The "demo" account is just that -- for folks who don't have a real (or simulated) account. The demo has the same login for everyone: edemo/demouser. Try it, although as I stated before, it's pretty much useless.

With futures, you have to be very careful as to how you evaluate your return. First, as I pointed out, a simple buy-and-hold over the same period would generate a more than 200% return on investment ($7200 from a $3000 margin). Second, although the posted P&L chart looks impressive, if you study...

Why are you using IB's demo account instead of an IB simulated (paper trading) account? It's believed that the E-demo account is pretty much useless.

Do I read it right: your P&L over the 260 trades is $11,500. That's about $44 per trade. The contract is ER2, so it looks like your average trade captures 0.44 contract points. What does your backtest assume for spread, slippage, and comissions? I don't trade ER2, but it looks from my quotes...

I'd also add to this that what makes a good manual trader is his/her ability to be disciplined and unemotional about trading. That's very difficult to master, and this particular aspect of trading is critically important, according to what I've read in various books and what I know from my own...

JSystemTrader version 3.13 is now available. Fixed all the reported problems in "Virtual TWS". For those who have not read the IB discussion threads, here is a short summary. JSystemTrader can run in 4 different modes: 1. Real money account. 2. Simulated (paper trading) account. 3...

Who is this guy Crowed and what did he predict?

Define "leaving ET" Define "guarantee" Is there any reason you make these calls?

The JSystemTrader discussion spans over two big threads on the Interactive Brokers' discussion forum: JSystemTrader I: http://www.interactivebrokers.com/cgi-bin/discus/board-auth.pl?lm=1162937872&file=/2/37888.html JSystemTrader II...

I'd like to keep JSystemTrader as simple, transparent, and easy to maintain as possible. Since I only use IB API, the support for other brokers and data feeds would be an unneccessary weight to carry around. That's already in JSystemTrader.

The S&P will close at the year end at exactly 1317.23.

Simulation and backtesting are already in JSystemTrader. What are the "order/broker adapter components" and "event processing/scheduling"?

1.5 or higher.

OK, I think we are on the same page, although it'd still reiterate that placing a stop at the price where the buy/sell was triggered creates an illusory "zero-risk"/"big-time-profit" perception.

It doesn't sound quite right. I mean, suppose someone has devised a strategy, and he is very content with it (say, the losses are cut very short). However, over the long run, the strategy loses money consistently. Would you still recommend that person to continue to use this strategy on the...

The market doesn't care a single bit about the price you paid for a stock. It's therefore completely illogical to put your stop at that level. It's also an illusion that you can somehow limit your risk to 0 and have an unlimited upside potential by placing a stop at that level.

I think this is a paradigm established in Alexander Elder's book "Trading for a Living": amateurs trade near the open, professionals trade near the close. Since the two groups trade against each other, the market often reverses the direction. According to Elder, it pays to trade in the same...