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This is vague at best. The market is random; under what time frame? All time frames? Over the past century, the overall trend for the DOW has been up. This obviously isn't concise proof that all markets are non-random, but it most certainly doesn't help your case either. The past two...

"Probably" going to use some libraries, implying that its not implemented (and the system has not been finalized), yet you state it will be available in a week? And with all of this code slapped in together, its still "stable as hell"? Hmmm.... Systems that are stable, especially distributed...

It's not the number of indicators, its the type of indicator(s) that should be your concern. Here are some classifications that Rich Denning of the AIQ-EDS user's group posted, that I think are good guidelines.

We have a fully automated system in place. We've just recently started publishing our results for the purpose of sharing them with other system researchers ( MarketHackers.com ) Check it out if you're curious. As for the specifics to the system, those can't be described, but overall...

The number of data points is less important relative to what the data set(s) actually respresent. It's important that all extremeities are represented (bull/bear/sideways markets). In order to establish some sort of statistical evidence for your system, you must be much more rigorous in your...

Well, there'd really be no way to base a system on the true low of the day. It'd be at best an approximation. Granted, the further into the trading day you are, the closer the approximation is to the true value, but "low" cannot be truely defined until the trading day is closed out.

When implementing your buy/sell logic, its quite easy to implement look forward logic where your buy/sell logic is based on data that would not be readily available in a realworld scenario. This may be a stupid example, but say someone is setting up a backtest scan and sets their buy logic to...

I am quite certain that this is included within IB's fees.

Place it right below the most apparent psychological level. If the stock has bounced at 79.5 three different times, put at about 79.45 or 79.4. Or if there's no apparent support level, people tend to make decisions with round numbers in mind (79.0 is a good round number, so the stop could be...

I think it's Gomez that does the in depth broker ratings.

I believe that QuoteTracker ranks amongst the best, and its offered for free.

The Millionaire Mind is one of my all time favorites. I definitely recommend it.

Go to Hedge Fund Dynamics and request their free .pdf document "Starting a Hedge Fund in 2001" (they'll send it via email). It's by far the most comprehensive material that I found on the net regarding Hedge Funds. Covers everything from SEC Regulations to Blue Sky Laws. While you'll...

If I take the same system, and first backtest against a one minute bar data set, and then backtest it against an end of day data (both data sets of equal size and starting point), can I make a direct comparison of the two performance numbers? Or will I have to expand the one minute bar data...

Mine has got to be "Stan Weinstein's Secrets For Profiting in Bull and Bear Markets" (sounds corny, I know). While his entry techniques may not be statistically valid (most of his profits are probably due to his risk management, trailing techniques), it does give an outstanding, detailed...

Did you not get enough sleep last night?

I have to agree with OverTheLine. Only if you lose your ass will you learn the amount of preparation that it really takes to be successful. "I know of a few millionaires who started trading with inherited wealth. In each case, they lost it all because they didn't feel the pain when they...

Aphexcoil - Your comments are vague at best. Indicators don't work? What does that mean? Which indicators, what time frame, what parameteres? Is this a comprehensive study that you did on TA? Do you have your results ready? Having the TA indicators at your disposal is not going to...

If you're using volume spikes as a secondary, confirming indicator, here is something that I like to do. What I do is compute the average volume accumulation at different intervals throughout the day. What I mean by this, say the average 30 day volume is 1,000,000 shares a day. So given...

There are plenty of indicators : RSI, or ADX for example. Or you can take a more primitive approach and pick out two points, draw a line between them, and measure the slope. If you take this approach, as a second verification, check the volume levels. The steeper the slope and the greater...