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It's this kind of stuff that depresses me. Wealth accumulation is going to be very difficult if we head in this direction. What has to change? peace axeman

Yes yes yes.... but my point is, systems come in all kinds of flavors, and a system with a 25 in a row losing streak should not automatically be disqualified. Money management can sometimes solve issues like this. I currently am working on a system with ONE big draw down dip which im...

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Wells thats good to hear. But I would like to hear your reasoning on this. Seems like everything is "made in china" these days. Seems like companies are exporting everything. What the hell is the US economy running on? Is it our effective methods of exploitation? :D Use cheap labor...

What if 25 in a row was "normal" for the system and it had a 500% return a year? :D peace axeman

For a short term scalping system, 100 may be enough, but not if they all occur within a single week :D I would trade several hundred, but takes samples from several years and different seasons, etc. peace axeman

My unscientific general perception I get from traders comments on ET is that the US is doomed economically in the long term. My knowledge of global economics is pathetic. I trade intraday :D Could people with a solid understanding of the mechanisms which are dooming the country to...

Yes. All this philosophy makes it seem too mystic to me. It's all very confusing because there are so many different types of traders. Some guys, just GAMBLE over and over and over until they start getting a feel for it, and start recognizing patterns subconciously until they are...

From what i've seen, I dont buy this argument. Are there rock solid rules that state EXACTLY how much a specialist MUST buy on the way down? Are there rock solid rules on how much he can gap the price in panic mode? When the market turns suddenly, these guys give you 100 shares and...

Buffet has recently been taking pot shots at ceo pay. Has been urging shareholders to revolt against this as well as some other things. Caught it on the news. Also said he wasn't getting back into equities for a loooong time. peace axeman

IB already has message flow control in place. You can send a maximim of X messages per second. So this is not the case. They can prevent any kind of flood attack through their API's. I think they are simply preventing their users from taking advantage of some known trading "edges" and...

My question remains. Is IB imposing these fee's to keep programmatic traders from competing with THEM, or are they passing through a fee to us? ( This applies to stocks, not just options ) peace axeman

"US Direct API stock orders (does not apply to US smart API orders) USD 0.12/Cancel or modify order USD .24/API directed execution " Are there any brokers that dont charge for update/cancel and provide API's? Where do these fee's originate from? Are they being passed through via IB to...

Huh? So if I hit a button with my mouse, no cancel fee? But if I programatically send a cancel through TWS, I get charged? Okaaaaaaaaaay.... guess ill just have the computer pop open a dialog box that tells me to cancel the order. This is a joke right? peace axeman

Both. Focusing on futures now. However, my strengths are still in programming. I still consider myself a newbie trader. I still have a ton of ideas to analyze and test and not enough hours in a day :D It will be several years before I think I will be a solid trader. It took years...

Very very solid. But still about a decade less than me. peace axeman

Curious... how many years of architecutre/design/development experience does your developer have? peace axeman

Exagerated is precisely my point. I was able to do this in my spare time in a couple of months. Ive developed 3 full auto ex systems from scratch so far, and could easily do this in one month if I worked full time at it. So I have to laugh if a whole TEAM of "world class" programmers is...

Im talking about a framework for auto ex of pluggable trading systems. Not a trading idea/system/set of rules. A "trading operating system" in a sense. It can be done in a month with a talented programmer. peace axeman

The time it takes is directly proportional to the talent of the engineer. A so called "world class" engineer should be able to get a system written from scratch and into production in a month all by himself/herself. ( I've seen it done ). I object to the term "world class". This...