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Ok, so can you explain what exactly they are offering? What is it that their platform is doing that you haven't seen available elsewhere? What do you mean by Framework(Ninja, Motivewave, ToS all can be thought of as frameworks)? How does trading education ties in with their platform? We have...

K, forgive me for highjacking this thread, but I see you posting a lot about it. I got impression from your posts that measuring this gives you an edge(or adds to your other edge). If you measured something that HFTs arb'd a few millisecond ago, what do you get out of it. I guess my question...

Arbitrage is guaranteed profit (obviously sh*t happens but it's an exception). HFTs invest huge amount of money to be able to arbitrage. Maybe your system has 90% win rate, it's still not arbitrage. You are saying it's possible to do it on retail level? Or are you saying if you had access to...

Ok, who am I to say otherwise. I've seen a few people here make big claims based on spreadsheets and free (crappy) data. If you can pull it off, good for you. To me, sounds a bit far fetched as far as calling it arbitrage(keeping in mind most HFT stuff doesn't scale well, but you are talking...

Big picture is they will try to sell a new shiny shovel. It's either fully automated system in which case they will have backtests and track records. Or it's a discretionary system in which case you can calculate all the numbers on spreadsheet and place orders with two clicks on any platform...

What do you mean by correlated? You mean associated?

If there's such strong exploitable edge, one of the below should happen: A) The edge gets arb'd away until it's so small that see B) B) To monitize the edge, special infrastructure and/or personal connections are required that prevents most from exploiting it. The rest is a judgement call, no?

That's a "weird" switch. I'm curious why you are not switching style only, but sticking to same instruments?

I doubt there's anything worth knocking off. Any time I hear someone has "propriotery" indicator, my BS alarm goes off. I have described my experience with them in a different post so I'm biased.

This is NOT options question. I asked myself the question and did a quick Google search. Found below answer which I liked. Curious if others think about it in same terms given that mean reverting strategies are very popular.

Damn, software development must be getting dirt cheap. You are right, Clik looks slick. https://www.tradingacademy.com/about-us/press-releases/2019-03-14.aspx

Ah, there's the catch, right? Our system is great as long as you apply some discretion. Let me guess, one will have to take their course to be able to use it effectively. Anyone who tries to sell system with some discretion built into it should at least provide C2 results or similar. Not a...

https://www.elitetrader.com/et/threads/ib-adaptive-algo-how-effective-is-it.325242/page-3

Yeah, that's a whole science and I don't have much experience with illiquid stocks. I suggest you look at posts done by @d08. My understanding he is using different algos provided by IB. I think you need to look into Dark Pools, not hidden orders. Sizeable hidden orders are not good at hiding...

Depends on what you are trying to accomplish and with what instruments. You used icebergs to hide size?

I've come to a conclusion, rightly or not, that shops like TDAmeritrade are not interested in traders. They are interested in your 401ks and IRAs (wealth management) so that they can collect fees by moving funds from one fund to another for no reason. The trading thing is just a gimmick to get...

None taken! I would not be surprised if this move by IB was related (at least partially) to below: August 21, 2019 SEC Rule 606 Endgame: The Guidance Is Out Chris Montagnino Jordan & Jordan Follow | Profile | More The SEC finally released guidance on Rule 606 to assist...

I've explained my stand on this before, so not getting into this here. My point is that you should not assume that just because a broker doesn't sell your order you are automatically getting good/better execution than the one that does. You can get same or worse execution.

I'm saying it's irrelevant how much they make on your orders, not that execution quality is irrelevant. Just because they get paid for flow, doesn't automatically mean you get worse executions.