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Here's a little bonus - a system I designed last year, but haven't yet implemented. Pretty entertaining, and I think a pretty solid system. We'll implement this as one of our first sample systems and see how it works within the larger system, which I'm just calling DZD for now. Note that...

Risk Robustness When the market is closed, a given position should not pose a risk to the portfolio greater than the system setting, based on its own initial size or pre-determined risk (whichever is larger). For long positions, this applies if the maximum position risk is less than 100%...

Pre-determined Targets When opened, a position should have a specific target price at which the system profit protection function is enacted. Combined with the pre-determined risk, this allows for risk-reward analysis by the governing system functions. Note that profit protection is a system...

Pre-determined Risk Each position should have a specific risk measure which, if lost, triggers the close of the position. In such cases, a new position of the same sort should not be opened immediately, but rather be governed by a safety period or manual reset. This is intended to prevent...

Hello again, friends old and new. I have been busy with non-automated trading, and except for getting crushed by the swoon a year ago I've been doing quite well with my simple system. Now that I've decided to cash out my 401K and go at it big time ($50k) with my TradeStation account, I am...

Hey guys, thanks for commenting. For some reason I didn't receive my normal email notifications. Regarding my earlier results, there were plenty of long profits and losses, and they were in balance. My short trades were where the profits were at, which was remarkable a few months ago...

I am now working on my Trading System 2.0, which will be a new system that builds on some of the tools and learning that we went through over the last year. My aim is to develop an automated swing trading system and a semi-automated long-term trading system. Likely additions to Chabah...

May was an OK month - I updated most strategies to have an average loss of about $100 per losing trade (R). We ended at $37,800, or -5R for the month. We were pretty close on a few big trades, but unlucky stop outs (damn volatility) robbed at least 5R or so. When we catch a big move it pays...

Gonzo, I have a thread, Chabah on Automated Trading, that describes my failed attempt to crash and burn. I have a similar background to you, and I trade on TradeStation using a fully customized automated system. Unfortunately I've done about 18% this year so it doesn't look like I'll be...

If you have 5k BP or so then the best possible investment you can make is about $50. Buy (and read) "Trade Your Way to Financial Freedom" by Van Tharp, Market Wizards and/or The New Market Wizards by Jack Schwager. To answer your literal question, $5k or so is the minimum at most places to...

I read some of the other threads, and it seems some people doubt if you can have a successful automated trading system. That's a pretty funny thought to me, but it got me thinking about some of the factors involved. If you read The New Market Wizards by Schwager there is at least one...

edbar, As a computer programmer and automated trader, it is good news to hear that automated trading is becoming more accessible to the masses. I hope those using the software understand responsible position sizing methods and stop placement, otherwise they may end up lining the pockets...

The strategy you describe sounds OK. I think when you actually code it you may realize there are a couple factors that need to be described. I have an automated EasyLanguage strategy that does something similar to what you are describing, although I use price trends and not MACD. The...

My system is the same for each stock, but the variables are optimized. When I say I do a lot of analysis I am referring to doing optimizations and then comparing and contrasting the results across a bunch of variable combinations. I don't just take the highest net profit and run with it - I...

Oh, one more point. My system is very stock specific - I have to backtest and optimize and do a bunch of analysis before I can add a stock. Once I add it, I keep trading it until it stops looking good. Therefore, I don't ever check the Easy to Borrow list or any other lists. Maybe in the...

5talents, Yes, I trade short, and yes, I sometimes have my orders rejected. By sometimes, I mean probably 30%-40% of the time they are rejected. I still get plenty of short trades through though - my system has only generated about 300 trades so far this year (trading 8-14 stocks) so we are...

April was a pretty good month, and the first where I would consider the results "typical" for what I expect. With the average R at about $75, we made about 20R to get the account to about $38300. I mention "average R" because one thing I have done is start to disperse my risk differently...

So March and the 1st quarter ended on Friday. For March, we were +4R, or $300, to about $36,800. With only 8 stocks going, most of the account is on the sidelines most of the time, which is good and bad. It's good I am not getting killed, but it's bad because my rate of return suffers. I...

Here's an update on my use of a Mac with TradeStation: No problems. I have been using Parallels for more than 4 months now, and haven't had any issues. Even with some resource intensive Mac apps running, the Windows NT within Parallels runs TradeStation like butter. I have 2 gigs of RAM...

TradeStation has a bit of a reputation for not filling short orders on a lot of stocks that they *should* be able to. Their message says to call, and they'll find the shares for you when you call. However, I am not there so I can't call. Sometimes they just can't get the shares, or can't...