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dChang, Just as a footnote, I believe the next Build (12) of WL due out in 2 weeks, will allow you to sell, e.g., on the same bar that you buy - somewhat giving you what U want. There are no freebie solutions. You are a programmer, you have a great tool for backtesting & trading...

blah, blah, blah. The bottom line is that as long as Specialists or anyone else has both stability and profit motives concurrently, it can't possibly be fair..........

dchang0, Without going into a lot of detail, check out Wealth Lab (www.wealth-lab.com). They have an excellent programmatic system that will allow you to automate your trading fully for multiple timeframes simultaneously. I strongly recommend them. Great system and awesome support...

JMartinez, Being rewarded (the profit motive) and maintaining law & order, are diametrically opposed principles. It amazes me how a system so flawed and contradictory, has been allowed to flourish for so long. There is little to no room for a Specialist system in today's world. And...

I spoke via Email with IB, and they are not interested in getting involved in Health Insurance - something they know nothing about. I'd be interested to hear if there are other brokers out there who offer Health Insurance, and if so, for how much ? TIA

"Price Improvement" is the biggest scam going on the NYSE. It's a zero sum game - for every trader helped by it, it hurts another. It disrupts the natural laws of supply and demand, and can be capriciously used by the Specialist at his/her whim, to help manipulate the market. Without...

Cashonly, I believe you are correct in your assumptions. If, and I say if, this proposal has any merit, it would be a major leap towards short-circuiting the Specialist system. We need Direct+ to handle > 1099 and prohinit the Specialists from turning it off. Realtime OpenBook is a...

Toonces, Check the Keyboard port as well, to which you plug your keyboard in. You could have a bent pin from the original keyboard, that may be stuck in the keyboard port receptacles. If this is the case, even your new keyboard won't be making all the requisite pin connections properly...

Sounds like it's your keyboard, dude. Replace it and try out your system again. Don't throw away a system for a $ 19 keyboard.

I would say discipline and knowing when to take losses. Discipline is enforced via auto-trading, and knowing when to take losses is enforced via auto-trading. So, I guess my answer is "auto-trading" :)

I never agree with vhehn, but never say never. I agree. Who on earth would short AWE after the news this week ?

I tell people that I trade Spot FX and Derivaties on M,W,F, and that usually clams them up. I say it with confidence, and rarely, if ever, am I asked a second question. I tell them that I work in the Post Office on Tu and Thursdays.

Gary, We had some precipitous drops in 2002, and the radical downward swings, and resultant cashing in the chips at market, seem to have made this a loser. Perhaps my statement of it not working in a bear market is a bad comment. What I meant to say is that in the bear market of...

Abogdan, B/A data cannot be directly imported in WLD, since WLD natively supports O/H/L/C only. However, using file access functions you would still be able to access your data that way. You can create sophisticated data structures using WLD, so you may want to read all that data on...

Not to be someone to change his tune, but I went through the posts on this thread, and I agree, the rules keep changing. It would be unfair of me to code up what I think the rules are, and then showing how or how not profitable this system is, when in fact, I might not have it right. It...

I'm not sure I will be able to model this after all. I have much data for volatile NAZ stocks, but do not have data for the necessary stocks that will avoid uptick rule on shorts. I use WealthLab, but unfortunately, can't get data for the stocks mentioned (i.e., not more than 2 weeks, since...

Possibly a long time before it happens, but this is no doubt the beginning of the end of the Specialist System, as we know it today. Good riddance !

abogdan, Thanks for the info. I am going to back-test this strategy to test its viability. It is an interesting hypothesis. Thanks again !

Abogdan, Are you closing out your long & short positions whenever price reverses course and cross the horizontal line ? And also, are you using 1-min bars or tick-by-tick ? Thanks in advance !

Simply incredible !!!! How do they get away with this. I guess after paying Grasso all that money, that is the only speed line that they can afford :)