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Dr. Zhivago.

We only allow additions and redemptions at month ends, so the most anyone can trade is 12 times per year. If someone wants to make an addition or redemption every month, that's fine with me. I actually encourage our partners to lighten up on their Schindler Trading investment if it has grown...

A very important characteristic when considering an investment is its correlation with the rest of your portfolio. If it has a positive return and no correlation (or better yet, negative correlation) with the rest of your portfolio, that is a great find. A mediocre Sharpe ratio with a low...

You are very timely, Volker. I was just checking out WLD3 this morning. The integration with Interactive Brokers and E-signal sounds great. Yes, we still use Tradestation 2000i and I have no plans of using 7.x because they don't have Eurex data or connectivity. At some point we are going...

Another category could be: "I'm trading full-time at a money-management firm" This would include hedge funds, mutual funds, etc.

Try... Go to Start -> Settings -> Control Panel -> Sounds and Audio Devices -> go to the "Sounds" tab -> scroll down to "New Mail Notification" -> and then change it. Your route to "Sounds and Audio Devices" might be a little different if you stuck with the default XP Control Panel. I...

I use @Risk and it works well. I can't tell you how it compares to the others you mentioned because I've never tried the others. The results are very valuable. Please see my online interactive seminar archived at the CBOT for examples of how I use it. Here's a link...

Maybe you know him better than I do. I talked to him recently at a Chicago QWAFAFEW meeting and found out he's now head of research at Rotella Capital Management. Even though he probably doesn't phone the brokers himself, I expect he has a lot of influence on what trades are actually executed...

Mark Brown, Laurence Connors, Larry Williams, Thomas Stridsman, Harris Kupperman, and Joe Krutsinger are my favorite gurus and they all trade and do strategy development.

I agree. Reverse engineering a trading system would be attempted by running throug a catalog of indicators. Did the trader use MACD? Or moving average crossovers? Or...? If your strategy isn't on the list of strategies someone might compare your trades to, then you don't have to worry...

What does it trade? What is the holding period? What slippage and commission assumptions did you use? Have you traded your strategy? Why do you want to sell it instead of trade it yourself? Definitely it is possible to sell a strategy. The journal Futures Truth is chock full of...

Talk about hard beginnings... The very first trade for the Schindler Fund was going long the NQ's on Sept. 10th, 2001. :(

Is there some reason you can't or won't say who he is?

I recommend you ask them about their selection criteria. Due to client confidentiality I'm not going to be able to tell you anything that isn't publicly available and I haven't seen anything public on their selection criteria. With the ECI fund, managers are automatically kicked out of the...

Well, Schindler Trading is one of the 57 CTA's managing a portion of the ECI Fund. What would you like to know? Have you been to www.accessasset.com? There's also a link to the August ECI Fund newsletter. If you read the website and the newsletter you'll know just about everything I do...

The hedge fund industry really took off in the 1990's. Most of all hedge funds that have ever been created were created in the last 10 years. Just like the mutual fund industry really took off in the 1980's. Most of all mutual funds that have ever been created were created in the last 20...

Thanks, EliteThink. Our position sizing, like all our trade decisions, is completely systematic. There are several parameters in the position sizing algorithm, but the most important is account size. Our position sizes are linearly proportional to account size, i.e. "fixed fractional". For...

Thanks, Ktm and Paradox!

Yes, the "interest" is built into the discount of the future versus cash. As time passes and a future approaches expiration, its price will rise. Buying a futures contract is like borrowing at the short end of the yield curve and investing at the long end. If you don't use any leverage by...

It is a good idea to try to downwardly adjust your in-sample results to account for the optimization. But how far to adjust seems difficult to figure out. Your formula might be correct, but it seems less convoluted to just test your system on an out-of-sample dataset.