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Hi Mike, The best way to think of this is that you will pay the $5.20+/- per trade. If you don't do $500 per month in commissions, your account will be charged $500. If you do over $500 per month, say for example $780, then you'll be paying $780 in commissions that month. There is no...

I agree with virgin. I just want to add that they don't have a monthly charge for JTrader as well. The $500 minimum is the only real consideration if you're not making the breakeven 5 RT/day. Elocaltrading is who I'm using. Their service and support have been excellent, in addition to the...

mbradley, I've traded both the TWS and JTrader. About 2500 trades on TWS and only around 300 on JTrader so far (it's the platform that I'm currently using). I think they are both excellent programs, and I really have nothing negative to say about either. The differences will depend on...

Andy, I wasn't sure about putting an order up to short two contracts so that you can exit one and end up net short by one. That's great to know. Some brokers will allow it, and others require separate transactions. Thanks for the info! My trading is currently very short term in the two...

Hi Andy, I used the myTrack software a couple of years ago. I remember that realtime was something like $19.95 per month. You can run it separately from AIQ (another $59.95 per month). The feed was a good one as I remember. Like most quote services, intraday data is kept for only 6 to...

Hi Andy, It'll probably be a couple of days before I get to check out the parameters that you discussed. It should be interesting to see though! What I've seen of the PFG system is that the quotes are not streaming. I think it's a snapshot that you have to keep refreshing. For very...

Andy, I wanted to elaborate a bit on the system that you are looking at. As you probably know, moving average systems such as this are trend following. When you catch a trend, the profits just keep rolling in. These can be viable systems, but it's good to understand them before you put...

Hi Andy, No, I didn't get Tradestation going. I'm still looking to purchase a used copy. My trading right now is centered around very short term positions in the EMinis. I'm currently not doing any position trading. (That's just based on a preference in trading style right now, I've...

Wallstreeter, That's a tough question that many who are much better than I am at all of this have wrestled with and debated about at length. I agree with you that markets won't necessarily behave the same in the future as they will in the past....however, I subscribe to the notion that...

Hi Ray, I'm comparing the mean of the profit/loss from the trades with a mean of zero. Essentially, I'm comparing it with a "meaningless result" or rather a profitless system to determine the statistical validity. Yes, all of the trades are included that were simulated by the system for...

Thanks, def! This is great! It is yet another HUGE plus for Interactive Brokers. I will try this out. As I said earlier, I have no intention of changing anything with IB, they are as good a broker as I've ever wished for. I'm just looking for a backup. I don't want to have all the...

Andy, The actual backtesting is fairly quick. It is the cleaning up of the data that takes some time. Checking for back ticks and the sort of stuff that can really throw your results off. I will be getting Tradestation in a couple of days. Both Metastock and Tradestation will backtest...

I've often asked myself this question about over optimizing my systems and have avoided trying to find optimal parameters, probably to my system's detriment. I am reading a book, The Encyclopedia of Trading Strategies by Jeffrey Katz and Donna McCormick, which provides an excellent treatment...

Andy, I currently use the Quote.com feed to MetaStock Pro. I did just purchase Tradestation and will be working with that as well. QCharts is part of the QFeed service, but many people have been having trouble with that. Fortunately, I don't use that charting, so I've been without...

I don't actually have the FIX API. I was just describing how the IB system works in the background. I trade using the Java Workstation that IB offers. I use it the same way that everyone else does, nothing more. You should probably look around at the CME's web site, since they would...

I do already have an Interactive Brokers account and I love it! I've been with them almost since they started doing retail accounts. The IB system interfaces to GLOBEX through something called a FIX API interface. (I'd check out the Interactive Brokers thread to see more discussion on...

Just a quick question for any futures daytraders out there: Does anyone have a broker or know of one who is very fast (~1-2 sec EMini fills) who works with daytrading margins (approx. $2500)? I am currently a very satisfied Interactive Brokers customer. I pay $2.95 per side and get filled...

Just to add a different point of view: I own both MetaStock versions, EOD and Realtime. The software is capable of displaying data in any time period. I can set the times for any symbol from 12am all the way to 12am the next day. Displaying and recording data outside of Regular Trading Hours...