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InTheZone, Great point about the SPY options...guess I didn't check if they existed. So the natural substitute would be options on the $SPX. There is plenty of liquidity there. MYD

You can buy 500 SPY per 1 Emini, or 10 SPY option contracts per mini (since delta=.5)...or any of the things you mentioned above.

How true! Get rid of the sugar...go on Atkins or something. It proabably won't last, but if you do it for two months you'll take off the pounds and hopefully kick the sugar habit. Then transition into a balanced eating program coupled with exercise. With Atkins you can eat as much as you...

Check out Dynaorder: http://www.dynaorder.com/ Looks like they can hook the two up...

I don't use WL or IB, but I've been told that this is possible. You can trade automatically from WL through IB.

Steve, I think you just happened to snag them at a bad time...as was mentioned they are transitioning from LW to RJ O'brien. I have been using them for about a year now and am fairly pleased. However, I did get a request yesterday to re-fax a form over to them that I had already signed...

Like ArchAngel said, depending on your needs one may be more suitable than the other. That being said, I have both and do most of my work in Tradestation. If you want an external data feed (the shorter your holding period, the cleaner the feed you'll need) you should go with Metastock b/c...

Corso, Great question. I have the same question. The problem for us TS 6.0+ users out there is that TS (for some reason!?) doesn't provide a spot-market data feed for currencies. All we have is the Globex...so until TS provides it we need to 1.) either use GLOBEX data to backtest systems...

Advanced Futures has some sort of program that ties into Tradestation (and maybe Wealthlab?)...I use TS, but spoke to someone at advanced Futures...basically, as I understand it...your TS writes to a text file, and when that text file changes, the Advanced Platform senses it and make the trade...

What's your system telling you to do now? Would it be flat by now? Or would you still be long?

Yeah, could have. But I've never traded a pit spoo and really didn't want to make this my first one. Also, I am trading 6 separate systems mechanically - one contract per system. I actually just swapped the SPY in for the ES, took the normal signals, and ended up being fully hedged by the end...

Short 5 ES. Hedged with SPY, but still not pleasant.

I guess you could buy 10 ATM SPY calls per ES contract (since delta on each call will be roughly 0.5)...

Uh..that would be me. Short that is (not net debit). Fortunately I'm a swing trader so a 5 pt swing wouldn't be too unusual for me. Just went and hedged myself with SPYs. When are they going to open this thing back up?

TS&IB - Only reg-T: 2:1 overnight, 4:1 intraday. I'm not sure which prop firms would take $5k min. I'm not trying to rain on your parade, but undercapitalization puts the odds in the favor of a blow out. Your best bet may be to save up for $25K and then go to a prop firm ...

Optijose, I've read his book and traded his style for about 6 months. It works well when there is a persistent trend, but you get chopped up when there isn't (probably an obvious observation). The key, in my opinion, if you're going to trade his style is to know when to not trade. Don't...

Just notified of CME halt of Globex (notified by my broker Tradestation)on May 1st, anyone have any info?

sptraderj, I asked the same question. Here's the response I got from Joe Nikolson, the COO.

Has no one heard of the Molodovsky Effect? It states that P/E’s are high at the bottom of cycles because earnings have bottomed out. With all this talk about how P/E's are so high and equivalent to pre-Great Depression levels (Buffet keeps saying this too), I'm suprised no one is talking...

The only comment I would have about this approach...is the big money wants to see focus. They want you to either fit neatly in one of their categories (long/short, mkt. neutral, stat arb, etc.) or if you are a "multi-strategy" fund...you would have to clearly outline each independent strategy...