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I'm an automated trader that relies heavily on Interactive Broker's 5 second real time bars, but they have recently become VERY unreliable. So, I've purchased a subscription to DTN's IQFeed and I'm trying to replicate the real time 5 second bar behavior. Replicating the historical 5 second...

And when I read his posts, I feel putting a gun to my head.

LOL. Literally.....

I'm intrigued by your thread. But, you keep making this statement: You will have to prove to yourself and others that "such and such" will yield an extra tic per day average profit. So, I have two questions: 1) Is there an answer that you are looking for that (in your mind) doesn't...

About 10 years. I am a full-time software engineer and always thought that I could dabble and trade and make money. I was woefully wrong! Worst loss was 26K in about 3 hours (back in the late 90's). Been profitable now for 2 years, but that's only becuase I am now 100% automated. I...

Yes, but what Mike is saying is that he should have lost: ($30.14 - $30.55) X 800 shares = -328 - $commissh Not, $-232.20 Jason

Good God Geez. You are on fire!!!! Awesome job man. Looks like you have this bet in the bag..... Jason

This is 100% false. Made 52% last year and already up over 30% so far this year and I am 100% automated. Trade approx 17 times per day and end up flat every single night. I was partially automated throughout most of last year and fully automated in October 2008.

Yep. Absolutely. Still watching ya geez. Great job!!!!!

Yes, IntradayBill, you are correct. I fubared my EV calculation and you are also correct in that I do have some (very minor) slippage issues with my 170K account right now. However, based on my past trading, I can still eek out north of 150% return with an account around the 300K to 500K...

OK, to answer a few questions. intradaybill asked what my ave winners and loosers were. On average, I make 1.58X and loose -.8X on my trades. This is measured over the course of approximately 4300 trades (hence my P/L ratio of 1.97 : 1). Now, as far as borrowing money from friends and...

I appreciate the suggestions, but I have to agree with TraderZones that asking friends and family for money is a bad idea. Is a 50/50 split normal in the industry? I mean, when people say 50/50 split to me, that sounds like I am paying them 50% interest per year on borrowed funds and that's...

I am a software engineer (by trade) and over the course of several years, have finally taught myself how to trade profitably. Over the course of the last year and a half, I have managed to completely automate my trading methodology via IB's API (and currently working on integration of NxCore's...

Congrats on a great day Greg!!! Jason

By the way geez. Still really enjoying your journal. Gotta love your transparency. I'm really hoping you win that bet.... Jason

I agree 100%. Funny you mention .2%. I actually use .22% for my risk size and I'm very comfortable with that. Now, I'm an automated day trader, so sometimes, I'm in 20 to 30 positions in a single day (average 17 per day), so even at .22%, it can sometimes be a little crazy.

Hey Geez, I posted a message for you in your inbox. Just wanted to let you know, in case you didn't see it. Jason

Hello, Well, after a few years of serious software development, I am finally achieving some really good results and last year ended up being my first year as a successful day trader. So now, it's tax time and I'm realizing that short term capital gains taxes SUCK. So, my question is...