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When I hear people, like Harris, use the term Data Mining in the context of trading systems I want to puke. I retired as a Database Administrator supporting Data Mining on large scale IBM Data Warehouses. With the SQL software wonders like Hummingbird we used to build SQL that would scan a...

RonBlack and Mr J. I believe you both are missing the point to be make about EV+ and R:R. They are both excellent statistical guidelines for trading but nothing more. Traders must first learn how their strategies apply to market conditions, price direction and price volatility. Then and only...

Reward to risk (R:R) from the automated trading perspective may shed some light on this matter. To start I agree the use of +ev along with capital management is an excellent method to track performance management especially automated strategy trading. But, a +ev number provides no guideline as...

Obama still thinks he is on the campaign trail. That time has past. His actions, poorly worded speeches, his lame financial advisors are quickly discrediting his administration. Look at how the markets are voting its plain to see. This speech below is the one the voters are responding to not...

I program my own models in Tradestation for the last 12 years since before 2000I. But I am now testing them to Ninja Trader for a variety of reasons. I wrote my first commercial software in 1971. Many of the programming tools in that era were easier to use and test with than the software of...

If the government chooses to nationalize a couple big banks (C, BAC) they will be required to rebuild the Federal Reserve System. There is no place in our present system for nationalized banks. How would a nationalized bank deal with the federal reserve?

Ahh… I missed this other post. No TradeStation does not restore levels, stops, profit exit points. They assume your strategy will correctly recompute where you were at in a trade using past data. I would love to have the use of a database in trading software (I’m a retired Database...

I was not aware Ninja Trader could not track multi-day strategies across days. That would appear to be a major drawback to using automated trading with them. I sure there must be some way to detect where one is at in trading a position with Ninja Trader? I trade TradeStation across days. It...

Hello Doronp I will try to address some question about trend following systems even though I’m not familiar with Weissman’s book. I have been developing custom code for my own ATS’s for about 12 years to trade stocks mostly in the Daily time interval (with trading models going back...

Hello Bridenour I will try to address some of your concerns and question about ATS. Custom code is not necessarily a preferred approach. It is the trader’s objectives that make this determination. The prepackaged applications I reviewed have never met my goals or style for trading. So I...

AndrewL Retail trading software, in today’s environment, has few set standards that grade the usage of trading software. Many traders who use products like GET can make a strong argument that they are using a professional tool because the trade set ups are well defined and often very...

Thank you for kink words Euler. I learned some thing new about ET. I will use it in the future.

Redneck I do so enjoy your participation in these forums… Redneck said “…I trade who I am…” Many years ago I wrote up who I am as a trader and the plan to make it happen. What I found over the years in my trading log is that I was violating “…the who I am…” by making...

Correction I had a typo. I meant to say GET would NOT be considered a professional product by today’s standards…Sorry

Advanced GET was one of the first products produced, about 12 to 14 years ago, to promote technical analysis. That is when I bought it. For a number of years GET won TASC awards as the best stock and futures trading product. It served me well until programming products appeared. GET has...

You ask an excellent question. Order placement in TS strategies is much more difficult than it first appears. Here is an example of what you may write if I understand your question: X= Price: Y= IdealPrice: If X cross below IdealPrice then Begin buy vol shares next bar at IdealPrice...

Dow support at 7197 from the October 2002 lows is on many traders minds.

It may be time to start to cover some shorts and take on a few longs.

Bear Markets, that’s the nature of the beast: It tries to pull in bargain-hunting investors, only to maul them again. We just pulled back to lows of 2/5 at the start of the day. If you want an advanced warning use an RSI(4) on the Dow. When the RSI goes above 65 then watch out below. It was...

Small Business owners and Traders are both businesses and require good business management skills. I have done both. Small businesses by themselves do not expand well with out adding other people. This is wher trading has a small business beat. It can, if managed right, produce high returns...