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If you use Redi, Reuters, Bloomberg, AT-Financial they all have dde links. Other services could have them, but I use the above. Yahoo's server will give you 200 days of OHLC on any stock or index for free. Check their finance site too. For Redi and the others, call their data / trading...

Are you referring to an expected value equation? i.e. pwin =.50 plose =.50 avgwin =$3.00 avgloss =$1.00 numtrd = 100 exp value = (pwin*numtrd*avgwin) - (ploss*numtrd*avgloss) =(.5*100*$3)-(.5*100*$1)...

to run a Monte Carlo simulation on the securities you intend to trade. You'll need to know the mean, sd and moments of the distributions of the securities. Plug them in and you can run 100 or 100,000 passes through the simulator. You'd need to make a few more assumptions (long or short) and...

Is my choice. No lockups, no conflicts and it generates a log of the ip addresses of those vermin scanning your system. I send an e-mail to the sys admin to let him know of this activity. Cheers

Travis: Great questions! The market is a non-stationary, stochastic process. In other words, we can never be certain of what is about to happen - note that I said certain. There are patterns (or set-ups or wave counts, whatever you want to call it) that offer an "edge" and traders will...

What you've synthetically constructed is a long call position. Long stock delta = +100 long put delta = -40. Net position is equivalent to +60 delta long call. If you want an absolute stop, save one commission by buying the atm or slightly otm call. If the stock takes off you'll be up...

From 1995 to 2000 I ran four systems that I trained to trade foreign exchange spot and derivatives at a US securities firm. We had negligble transaction costs and execution desks covering all time zones. The returns were consistently about 28% / year with a s.d. of 5% or less. The system had...

I concur . Tradestation is a blunt tool, not a system to trade with. It crashes frequently and is the resource hog of all time. There really (imho) is no commercially available program out there - I've resorted to excel, access, sybase and programming for my systems. If anyone has seen...

In addition to the previous reply, the position of long stock, short 60 call and long 60 put has exactly zero exposure to the market. We're long 100,000 shares of stock - stock has delta of 1.00 net position in stock = +100,000 shares We're short 1000 60 calls with a delta of 0.56 -...

I'm an ex-CME member and "cars" does indeed refer to railway cars. Early on the CME's biggest products were cows and pigs (and their parts) and the contracts were sized to the average weight of said animals that could be packed in! Cheers

Put / Call parity! Options pricing is all about portfolio replication. Let's look at your example of AMD: Stock price = 9.70 Strike Call 10.0 2.00 7.5 3.30 5.0 5.10 All the corresponding puts must have a value that does not allow an arbitrage. An...

Backtest Wizard is available at http://option-wizard.com I haven't used the program...

These things are set up as LLC's - limited liability corporations. The "limited" liability doesn't apply if any fraudulent activity takes place. As someone managing other people's money, you're held to a much higher standard. Investors are understandably (and rightfully) concerned about...

I am presently involved in a small hedge fund and have a few observations: The fee structure is usually as follows mgmt fee of 2% per year paid quarterly on assets under mgmt at the quarter start (addiions pro-rata by invest date). On a $2 mio fund that's $10k / quarter. Performance fees...