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I just did an analysis of the last 50 trades from yesterday. All small orders of 100 to 500 shares, with an average of 350 shares. 60% of the orders were filled with multiple fillls, generally 2 or 3. Assuming .7 min commission per fill and .35 for 100 shares, the cancel/replace changes...

I'm sending this one to ChitChat. If someone wants to start a new thread discussing the details of JH's approach, that would be fine. But please keep all the negative personal attacks out (both sides).

The way i read the IB email is that "cancel/modify" *is* subject to minimum commission for all partial fills. Just read the example they specifically give on filling 200 shares in two separate 100s fills. Since most stock exchanges don't have such a cancel/replace policy (but many options...

I agree; we need to know exactly which exchanges this impacts, and how it impacts the SMART router. Worst case, it'll double my commissions, as i trade a lot of small orders via the API.

Ideally, you should stay under 1%, preferably under .5%. Unfortunately, that's hard with a small account. This does not mean you should adjust your stops to .5% of capital if you're limited; it means that there are certain setups you can't take (imo).

I use briefing.com daily.

My understanding is that IB checks regT against your entire portfolio at 3:50. If you're not within 2x net liquidation at that point, they'll close out enough of your trades until you are. Same throughout the day; if you exceed 4x, you'll get liquidated until under.

Just to confirm, that I'm seeing the same problem. I'm on standalone TWS, the same release that worked well all day

I'd venture to say that all successful traders I know do exactly the opposite of what you propose. They have solid proven edges, take *all* trades, even when it doesn't feel right. For instance, the day after having lost mega-bucks, they get up and place the same trades again (and again and...

I've enjoyed the thread, but this really belongs in chit chat.

Imo, NEVER use amarket order on the AMEX. Always limits.

Don, Now you're being silly. I'm retail and have trade the Open for years. I generally place about 15-20M dollars worth of orders and get filled on a fraction. Unless you're at Fidelity or Schwab (or one of those places) you can certainly trade the open. Why would you say otherwise?

I have no issue discussing JH's methods and approach in this forum. It seems like this particular thread now has degenerated into the usual mud slinging; and that belongs in chit chat.

EricP has previously pointed out that he's saving $200k/month over Brights published rates. $200k here and $200k there, and before you know it, it adds up to REAL money (in his pocket)! I read EricP's posts like this: He's been very good at pointing out mis-information and documenting how...

That's just silly! FWIW - I've only removed *one* link in one message. I'm not sure why that's so upsetting. That leaves the content in place, but removes any direct promotion by Jack.

There's been a *large* number of posts referring to Jack's new site from members with very few other posts. I think it's reasonable to remove the links and leave the rest in. If he (JH) wants to advertise, he needs to contact Baron. No need to send all his sycophants to post for him.

With a lot of streaming data and I/O, I'd choose a XEON processor, but run in on XP. I'm not sure how well DDE is supported on Microsofts 64 bit OSs.

I've used RDP for years for trading. Works very well. I use a VPN to work around the security issues with remote access. You do *not* want RD open to the net!

In addition to EricP's very insightful post, i suggest you simply generate the statistics as part of your backtest: Tables with years (rows) and months (columns), and for each cell calculate $profit, $DD, cps, %dd, length of DD , and any other piece of data you care for. I don't think...

I was hoping that someone here on ET has used TWS Scale Orders through the API. Here is what I see. I submit orders as follows (e.g.): order.m_totalQuantity = 500 order.m_orderType = "SCALE"; order.m_scaleComponentSize = 100; order.m_scalePriceIncrement= 0.01; In return I get the...