Search results

It is a good question. Here is my answer... "Monkey see, monkey do". They are lots of traders out there that are viewed as experts and praised because they sold the top or bought the bottom. Other traders try to emulate. There may also be the idea that most of us are bargin hunters...

Wow, really good job on rephasing my poorly worded comment. Thanks BartS. Another thing I did was stop reading any trading and financial web sites like ET, plus chat rooms. Focus on reading the charts and go with the trend that I see on the chart. Any distractions may cause me to lose...

I don't have any books to recommend, but I will tell you what worked for me. #1 PROTECT YOUR MONEY!!!! Don't easily give it away to the market or trading services. Be skeptical and very cautious. Don't trade real money until you are have a solid plan. When you do start, trade very small...

If you really have something that works well, you could TOPM (trade other peoples money) vs selling the program like I do. There are advantages and disavantages which I won't go into here, but here is what I did. Traded the program for 2 years to have an actaully trading record. Also...

Buy into strength. Sell into weakness. I generally agree with this for the simple fact that averaging up is going with the trend while averaging down is going against the trend. The only valid method of averaging down IMO is scaling into small pullbacks of a strong trend, but a very clear...

I back test by running my automated trading system in similation mode using data I have collected over the years. I'm a day trader, so most of the tess I run use 1 minute data.

Hi all. Over the years, I have backed tested many trading ideas searching for any kind of edge or historically repeating patterns that might potentially be useful at improving my trading. Most of the back test results didn't indicate any kind of trade-able edge, however some have been pretty...

Over a long period of time (5+) years, my setup tends to perform equally well during the day (except for lunch). However it has gone through long periods where it didn't perform well during a particular time period, only to turn around and perform great during that same time period. So before...

I put all the ticks in a que (syncronized collection) which gets accessed by another thread that pulls out all the ticks and makes them available to other components of the system which are also running in seperate threads. -david

From the ground up using Java. Not that I think it is the best language, just the one I know the best. 2002-03: Learned as much as I could about technical analysis, the different markets and tradable products. Did some manual trading, which was unsuccesful. 2005: I started coding up my...

I'm by no means a gap expert, but the research I have done related to gaps leads me to think that gaps are closed more likely because of 2 then 1. However I would not dismiss 1 completely, especially considering that once price starts to close the gap, there is less likely to be any strong S&R...

She would love to have that dream vacation, but the big discussion these days is about her wanting to be job free as well. She has mixed emotions when I tell her how much money the system makes, because on one hand she is happy that it is generating a nice income, but on the other hand a little...

I developed my first system while working a full time job and it required some serious dedication to code all day at work and then come home and code on the ATS. Took some heat from my wife about wasting so much time on a crazy dream, but she still let me do it. I could write a long story...

Yeah, I coded mine to do exactly that. However, I still recommend adding additional code to verify that child orders get submitted and accepted properly. I really wish IB did a better job at handling API bracket orders. But as it stands, it requires lots of additional coding by API users to...

Had a problem like this several years ago. Orders have to be accepted in the proper sequence relative to the order ids. So even though I might send orders in the proper sequence as in order id 1,2,3. IB might accept order 3 first and reject 1 and 2 because they don't have ids higher than 3...

This has been an amazingly great market for trend following trading. Best I have experienced so far since I started trading several years ago. Enjoy it while it lasts.

Ahh the fun of an ATS... I wrote mine from scratch in Java and had my fair share of bugs to work out. Life can be rough while working out all the kinks in a new ATS, but once it is done, life gets much better. Good Luck.

Are you amusing that 100% of bananas are 100% edible? If 65% of bananas are edible, how many bananas are needed to guarantee getting 1 that is edible?

Setting aside the scaling vs all in/out debate. With good money management, a trading method that generally produces 65% 1:1 with a frequency of 1 or more trades a day will provide a nice return.

Most of the discussion on that thread does not factor in variance. Back testing is done in a controlled environment as the historical data never changes so any system developed is subject to curve fitting. Curve fitted system will usually work best using an all in/out method vs scaling...