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And? :)

It does seem easy just looking at a chart. I'll give you that.

I have tried this, using both market order and limit order methods. And for this type if micro-scalping, a simulator doesn't really cut it. The only way you'll really see if it works is to go at it live. And in case you are wondering, I am not using this sort of system. :p I do hope it...

If only that were true. :) Discretion kills (newbs).

If you can automate your entry system, then don't make any entries by hand. One of the things I've done recently because I don't have the time to stare at the screen (still working the day job) is to let TradeStation make my entry. When it does that I hear the "Order Filled" voice come over my...

I just realized I made a goof in the stop and profit target code. The two lines should have been this: if target_in_ticks > 0 then SetProfitTarget(target_in_ticks * MinMove); if stop_in_ticks > 0 then SetStopLoss(stop_in_ticks * MinMove); The results aren't quite as bleak when...

TradeStation does have 6 months worth of tick data. However it will not currently look inside multi-tick bars (at each tick) during strategy testing.

And pray that it is positive slippage. :) Here's commissions added to the above (zero slippage). Again, just to make it clear. I'm not trying to trash the original authors system. Just illustrating some of the difficulties of getting a proper backtest of the system due to platform...

I tested the following strategy... inputs: required_price_move_in_ticks(10), target_in_ticks(10), stop_in_ticks(10); SetStopPosition; if target_in_ticks > 0 then SetProfitTarget(target_in_ticks * MinMove/PriceScale); if stop_in_ticks > 0 then SetStopLoss(stop_in_ticks *...

Intrabar testing with look-inside testing doesn't currently work with tick intervals in TradeStation (IIRC). If you test using ticks with intrabar order generation enabled, it simply tests each bar four times. Once at the open, then the high (or low), then the low (or high), then the close...

Have you tried the CBOT? http://www.cbot.com/

You know what I hate about back testing? Occassionaly you'll find a truly awesome system. So awesome that you know there is something wrong, but you still hope the results are accurate. This has happened to me on several occassions, and again last night. Although at least now I realize...

FWIW, still averaging $80-$100 net a day while letting the computer decide when to enter (and automatically placing the trade) and me choosing the exit. Since the computer makes the entry, I only end up spending maybe 10 minutes a day staring at the trading screen. Not a bad dollar per hour...

Three years later... I haven't traded much over the past few years, but would like to get back into it. Hopefully for the better this time. :) I have created a system that backtests well enough that I'm willing to trade it. I only let the computer place the entry order so I'm not...

I have a Samsung SyncMaster 204T that can rotate. The monitor came with a software driver to do the rotation regardless of video card (I believe). I also have an nVidia 7800 GT dual DVI card and it also has the ability to rotate the screen directly from its control panel (NVRotate).

How long have you been trading this method?

Thanks for making me feel old. :) Just out of curiosity... can you name the band with John, Paul, George, and Ringo in it. ;)

If you are undercapitalized to start, having a $7200/year automatic drain on your account because of the API sure isn't going to make things any easier.

FWIW, not every use of an API is automated trading. I do some of that, but I also have my own custom order entry screen that I generally prefer to most broker's front ends. An API let's me use my own.

Oh well. Maybe someday they'll make it a more accesible API for little traders (like me). Long live IB's free API! :)