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Do you kids even know what proper writing looks like? "u if u r" ? You come across as an illiterate primate. Learn how to write properly before you question someone else's experience level.

Yeah, I think MDD should be the focus of any intraday system. That value translates to 1 unit of risk. How much are you getting for that 1 unit? How do you go forward for 1 unit risk in terms of $ account value and leverage. MDD should be directly proportional to intraday leverage. Say over...

Hi Ron, Sorry about missing this question earlier. I thought about it and meant to post something back a while ago. It slipped. Anyhow, you mention something pretty interesting. I predominantly test on the SP500 components (mainly because I have all the data for these), and will often do a...

Holy sh-t!!! This thread is awesome. Bowo, back at it, 100% commitment. I STARTED LAUGHING OUT LOUD :D CFA?!? Money manager? F--k, thanks for the laugh. Guys, Bowo is "special". Just do a post history search for goodness sake.

Do you have access to LinkedIn? Browse the Quant Finance group and you'll see a long list of firms and job postings.

Fair enough. I tend to sense some "mythical prop. trader" ideal in some of the posts here. There isn't much to it other than getting some decent background. - Go to a decent school. Do well with a decent degree (Finance, engineering, CS). - Maybe do an MBA/MS/PhD. - Develop proper...

Why do you guys care? Its like any job interview. There's a job description, a resume, a interview. You either get the job or not. These jobs are advertised in many many places.

Entertaining thread. I was fully backed by a firm for a while and I won't do that again. It didn't work for a couple reasons. Mind you I went in with a long track record.. Foremost, I lost a lot of my independence. The manager kept asking me to tweak my strategies. They were working...

Interesting... I am having an almost *identical* experience with a very similar algo. I think you're right about the europe effect.

FYI, Amibroker has CAR/MDD as one of its optimization selections. When I develop a system (i.e. single concept), I look at the parameters you mention as a whole; they're all useful. The next step is to incorporate that system into a portfolio of systems and that's where the CAR/MDD ratio...

Yeah, those results look fine. You might want to consider using R or Excel to get a bit more granularity/analysis per those distributions. Visually they look ok, but, in general I would like to see something fairly close to a normal distribution (numerically) with a nice peak somewhere to the...

I think your design goals might be suspect... what type of system are you working with? If you're dealing with a directional, multi-day system, then optimizing for net profit might be a mistake. The reason being is that the optimization will focus on the larger winners (i.e. the tails of...

Logically flawed question. A trading system can enter and exit at will. This also means there exists a system that may *never* see conditions for entry. Statement disproved. A trading system can have *any* parameters. This also means that there exists a system that has no parameters...

Uhh, I though the PassPerfect stuff was decent... I used it and passed just fine. I will say that most of the questions are tough. It is not an easy exam. Knowing trading systems (NMS), options, and prohibited practices is key. That's most of the material. The passperfect stuff covered...

You don't know how exchanges work nor do you know what brokers are and are not allowed to do. First off, you're sending your order to a *broker*, who, might send that order to any number of market participants based on a variety of factors. Payment for order flow may be one of those factors...

That sounds about right, ha. Can you identify a specific market opportunity here that can benefit from our skill sets? I've thought about ways to implement a blazing-fast modeling environment, but, the "meat" would be in ultra-low latency solutions; which, admitedly I have little...

I designed FPGA's for many years, I still do some FPGA projects on a consulting basis. Here's the deal; FPGA's are "blank slates". You can put in a generic microprocessor, or, you can design logic with very specific requirements that will put to shame any commercially available processor...

hitnrun, Did you get my last PM? Mike

I have both the PassPerfect materials and the CBOE materials. - Selling the Passperfect for $125 (normally $150 from the website). You get a binder with all the pertinent sections and 5 practice exams. - Selling the CBOE for $75 (normally $99 from CBOE). You get a booklet with pertinent...

10k to 543k.... Wow. In a backtest. I'm in awe. Oh man where do I start... how about BoWo's system debunked: http://www.elitetrader.com/vb/showthread.php?s=&threadid=167686&perpage=10&pagenumber=61 6th post down just about sums it up. Too bad talon can't share in this thread :D