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This looks interesting; I do my own work in Ninjatrader so I'm familiar with some of what you're doing. Some questions - What's your fill algorithm? Do you have it set to the "strict" method (that is, if you use limit orders, do you require trade-through prices to fill your limit?)...

Unfortunately, I don't model "reversing" orders - I have signals that generate targets and exits...once I'm out, I'm out until the next signal. However, I'd say that it's unrealistic to assume that if you reverse (add a tick of slippage on the stop), you need to do the same on the reversing...

Limit orders: You need to model for price to trade through. Ensure that your software doesn't do a "one-touch" and fill you. This is important for both entries and exits (that will cover your slippage on limit orders). Market orders: 1 tick of slippage every time. If it's a market entry...

I use NinjaTrader. It's worked fine for me. I'm not sure how "simple" it is for those who haven't programmed before, because my work is the more complex type...but, like I said, works fine for me.

Hi there - It's been a while since I posted here, but I'm interested in getting a feel for the going salary for execution traders in Chicago. I used to work in NY doing the same thing (3 years ago), and the salary ranged anywhere from $125k - $250k on the buy side plus (generally) 100%...

Joovenile- You set the tone. You made your bed - now, time to sleep in it. Kind Regards, HFT Nerd.

The days of tape reading are over.

Is the original question some sort of joke?

Joovenile- I'm surprised there are still monkeys out there clicking away on mice. Kind Regards, HFT nerd.

Why don't you pick up something like NinjaTrader and learn to do it yourself? I could probably code up the strategy you're talking about in under 3 days using that platform (not that I'd want to).

DIY... http://www.amazon.com/Dummies-CD-ROM-Stephen-Randy-Davis/dp/0764508148

Your broker can probably internally execute your stop and take the ES into inventory, and unload it at its leisure -

I think at least 1,000 people have parroted that statement. Thank you.

Finance...in Vancouver...just about sums it up. No offense to you and your wife. Willie Sutton: "Why did I rob banks?...Because that's where the money was."

Some people can't comprehend taking the time to learn their trade. They think that a few hundred grand in the bank from trading spreads means they know everything there is to know about finance. Good for them.

Typical. Mindless. Response. Save it - please.

It's even harsher than that...even employees that "make money" are not safe; banks hire 30-40 people per round and are really only interested in retaining the top 5 or so. A high bonus doesn't guarantee anything either. There are Hedge Fund positions for many of the people who have been let...

Exactly. PS - don't you have 0.64 more posts to make today, or did you clear your quota?

This does not apply to long-term position traders or CTA's...but to you short term traders. How many of you out there write dutifully in your journal, "Wait until a clear trend has developed, and get in on that." Or, "Don't fight the trend?" Yet time and again, you wait and wait for...

You will not find anything like what you're looking for in pure speculative markets such as the ones you're likely trading in. "Clear", "Mathematical" edges come from one (or a combination of) a few spots: 1.)You are a spreader and you're essentially arbing different markets 1a.)Your...