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It is also taught in some Wahabi schools somewhere ,"kill all the infidels". Maybe if we continue forcing Israel to "turn the other cheek" enough times (70 x 7) and if we continue treating Arafat like a Christian, he will stop acting like a terrorist?

The advantage is you get to accrue profits without paying tax every year. If it is a normal IRA, you pay taxes when you take it out - so you defer tax. If it is a Roth IRA, you've paid tax before putting the $$$ in so at the end the funds are withdrawn without any additional tax. That's quite an...

Marvin, Nice posts. It is good to see that I'm on the same logical path as others in this regard. The first long excerpt accurately summed up my own observations regarding traditional price bars. I presume from the explanation that "MBars" or "Momentum Bars" are the same thing as what I...

Ah, the ignore button, it does a body good. :)

VB isn't a bad language to learn on, in spite of the emphasis in this thread on C, C++, C# and Java - there are lots of good resources out there. I think the real answer is it doesn't matter which language you choose as long as you learn good programming skills. When you get to the point with...

Try the files section on the following list: http://groups.yahoo.com/group/TWSAPI/ Also peruse the archives, some of the samples are old and only work on older versions of the TWS.

5) If the results look too good to be true, double and triple test everything. If it still looks too good to be true, forward test it. It is usually about that point when you figure out why it looks better than it performs.

This is even more confusing than the new globex after hours schedule. :D

Great comments acrary. I'm glad you stopped by this thread. From reading your past posts I know you have a lot of insights to offer on this subject. A couple of questions: What are the categories of systems that you trade, how do you break down market conditions into classifications? What...

Nice post, Smitty. What testing platform(s) meets your requirements for #2?

IMO there are 2 types of whipsaws, those caused by bad data, and those caused by the market based on how your system looks at the data. You can virtually eliminate the first type by tick filtering. Eliminating the 2nd type is more difficult, and it is a game of minimization of whipsaws which...

Not subjective at all - a computer program does all the tick filtering. You just have to come up with a definition of what a bad tick is. For me, a tick that is outside my % range from the baseline price is a bad tick. If I get many ticks at that price, then those are good ticks and my baseline...

It doesn't have to be very time-consuming. I do data filtering on a tick by tick basis before using the data in my programs and the data delay is negligable. I don't do fancy filtering, just simple % change from a baseline "good" price. Take a look at the thread link I posted on the IB forum two...

To do what? If you're asking if you can apply filtering and still create a daytrading system, the answer is yes. The filtering will tend to smooth your raw data out so that your trading technique has a better chance to work without getting false signals. My own view is that systems are really...

I'd suggest doing a search for the data provider you wish to know more about on this site, since this thread isn't really about any specific data vendor (best left to other threads to keep things on topic). As for the filtering issue, you have an issue of filtering bad ticks, and of...

To start the thread off, let me share a few things I've learned from system development. This is from developing a counter trend system. 1) Filtering out smaller moves is important. This does two positive things for the system, reduces the # of whipsaws (entry in a flat market) and increases...

If you have created a profitable trading system, please post the lessons you learned from the development of that system. Also specify the type of system: trend/countertrend.

Persistant and repetitive belief plants the seed to allow yourself become what you believe. But you won't actually do what you believe until you first become what you believe. Then you will do what you are. As was previously summed up very nicely: "Be, then Do, then Have"

It has been brought to my attention that Equal Range charts, better known as "Range Bar" Charts, are currently available in <at least> a couple of charting packages. Apparently the bars draw when the range completes in these packages, so it seems to suffer from the same weakness found in Point...

acrary, when contracts do change, how do you handle it within the framework of your systems?