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If it's even slightly in the money at expiration it will be auto exercised. So unless you want to own the stock you need to close it. Also, if you don't have enough funds in your account to buy the 100 shares of stock at the strike you really do need to close it before expiration. I'd find...

Yup. Unless it expires worthless which doesn't cost commission.

If you bought the option to open @ $0.10 and it's now $1.10 you can sell it (to close) and take $1 profit. If you exercise a long call you take delivery of 100 shares of the underlying stock at the strike price.

To take profits early on an American-style option just close it. Don't exercise.

Lying is a bad habit to get into. If someone asks me for information that they don't need I tell them they don't need it and I won't provide it. 99% of the time they say OK and that's that. At the very least challenge them on why they need it. Mostly they're just trawling for as much dope on...

I'm probably the wrong guy to ask since I've been writing in C/C++ almost exclusively for the last 35 years. Lately I've been using Python for simpler things that don't need a full-blown application. More and more employers are wanting Python so it's good employment insurance. I'd say don't...

Call me old-fashioned but OP's apparent easy inclination to lie is a sad commentary on modern culture.

I think OP's take-away message is if he's a non-programmer he won't be able to become sufficiently proficient in any programming language in a reasonable amount of time. Like learning a human language it takes years of learning and practice to master.

Oanda supports MT4 that would enable you to do exactly what you want and is well documented. In fact you will certainly find MT4 price pattern alerts already implemented with source code available somewhere on the internet. They also still support a Java API that's been around for years. They...

Ooh nice. I just forwarded the links to Mrs. G.

Opening an offsetting position closes an existing position. You can't be both long and short on the same contract. It has to be the exact same contract (underlying, strike, expiry, right).

A protest against all the billionaire survivalists flocking there?

Once you decide you need to backtest you've also decided you need to open and close trades according to a set of rigid rules. That's programming, no getting past it. I'm sure there's plenty of info for Ninja but I don't use it personally.

Sure there is. You just have to know how to program in C++ or Java (some say Python too) and write an app to use the IB API. Also, NinjaTrader uses a C#-like language for coding strategies and provides an abstraction layer to the IB API.

I guess ATR was supposed to be more accurate because it uses high, low and close. Volatility just uses the close. I'd much rather use familiar formulas from my old stats book like SD.

There really aren't many choices for stop placement. Fixed stops like 20 pips or whatever. You see these a lot on Forex message boards. Completely arbitrary. Support/resistance levels. Justifiable based on chart patterns but somewhat subjective. Volatility stops based on statistical or...

Hey Baron posted in the thread so it must be legit.

Actually we refied our primary residence in 2011 to purchase a townhouse for our college kid to live in. The townhouse is now an income producing rental property. We didn't have to kick in more money and our rate was reduced . The bank did want documentation on the property but there were no...

This discussion has been very useful to me and others too. I really appreciate everyone's input!

Well there's that too but the insurance policy metaphor is how I explained it to my wife :D