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Interesting discussion. Being a systematic trader for the most part, I have often thought about automated poker play. The problem I see is how to incorporate other players actions into the bots decision algorithm. If your bot only plays based on the card hand odds, then imo there is not a...

You should be able to replace "prevEMA" in your code with "Ref(EMA,-1)" to get the previous bars EMA value. If you need to go further back, just change the -1 to however many bars you need.

You will also need to change the decimal settings in the View->Chart Options menu so that the optimization report will show the proper number of decimals.

TS 2000i can do forex. Here are the settings I use. You can change the point value to equal whatever lot size you use, so if you trade minis then change it to 10000 or whatever.

I have AUDUSD going back to October 1978. I got it free from Metatrader (a free forex platform offered by several brokers). Just open up a daily chart in MT and then go to the Tools menu and open up the History Center. You can export the data from there in ASCII format. Daily goes back quite...

I believe its $200 a month if you don't have an account (plus exchange fees). Considering Esignal is about that much if you get equities, futures and forex data, its not that bad of a deal if you can do everything you need in EL.

Hedging... I have been meaning to ask someone about this so when I saw this discussion I figured I would get this straightened out. I just don't understand how being hedged is any different than being flat. Someone mentioned a benefit of only putting up margin for one position...being flat...

As stated above, the FA positions are just glorified cold-calling sales jobs. If that suits your personality then you can make a lot of money over time once you have a client base built up. As for AXP, they have a classified ad in the local Sunday paper here every single week, so that tells me...

In the case of covered calls he would not have the risk of being "taken out". His only risk here is underperforming in a ripping bull market. As for the downside risk, he will always be at a slightly better position to a buy and hold portfolio of the same stocks because of the premiums, so its...

Virtually all HF postions I have seen want Ivy League or PhDs. I have yet to see one that says "experienced prop trader wanted".

I have wondered this too. The disrespect usually comes from those who have never struck out on their own to take a risk and think only well-bred grads that have never clicked a buy or sell button can trade. I would think a private trader would have a lot of qualities that are severly lacking...

I agree. I worked for a buy side firm before trading and they got absolutely reamed on trading costs. With all the mutal fund scandal stuff I would think a skilled electronic trader could save a firm like that millions in costs. The problem is getting them to see the benefit to them since...

Unfortunately most new traders don't realize that trading is like NOTHING else. Yes, you should put in as much research time as possible to learn the mechanics of trading, but other than that, it does not resemble any other career choice. Unlike becoming a doctor or lawyer you can't spend X...

Then why sell it? Having others looking for the same stocks can only hurt you in the long run. This is the ultimate chink in the "I trade it myself but sell it because I want to give back" argument. The fact remains that 99.99999% of all vendors make money from selling the system and not from...

Put down the checkbook and slowly step away from it while repeating these words to yourself. Nice work trdrmac, there are some people that should simply be in jail. And as for the gentleman that peddles this guy's stuff, do you really feel good about yourself when you sell this...

I understand your point Don, but I think the main difference is risk. With a fund setup, the risk is borne by the investors in that the trader could have a 30% drawdown and still trade back out of it without the investors pulling the plug on him (assuming they understood the risk profile coming...

I guess I just don't see it the same way. I HATE what I had to go through to learn the lessons we learn on our journey. Certainly we all have to learn them, but I can't wish that on someone, even if I will be trading against them in the future. I would rather have been told going in the traps...

I agree with AA. Its probably a lost cause to get your money back, but I do think you should file complaints with the CFTC and the FTC. Even though nothing may come of it, it starts a paper trail of complaints against the vendor and if enough people file over time then maybe they will do...

Personally its one of my all time favorite books. Not because of any methodology...I am sure that Marty has long since changed his exact trading methods (haven't we all?) as things quit working. The value of the book is in the autobiographical portion and the trading lessons he learned along...

Except for ig0r, everyone is missing the point. Traders benefit society by taking on risk from others looking to offset it. If there were no traders, people would not be able to quickly and easily enter or exit their capital assets at the best possible price. Just look at what the influx of...