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I agree, averages lie and hide. MAE shows how much heat you sat through to achieve that high win rate. Track MaxMAE, not only avg MAE.

How aggressive will the orders be? Is the system expected to chase the market? This also implies subscribing and processing options data via IB. Also it sounds like you will keep positions overnight. So is the system responsible for tracking positions or will it be simply trading based on what...

It's illegal to manipulate markets. If the SEC doesn't get you, NYSE will hunt you down and break your legs. Large orders come from large players and they know better than screw with NYSE. Keep in mind that NYSE stocks do not have to open at 9:30 so there's lots of discretion.

Yeah, if you try encroaching on his turf ... I know where I am in the ecosystem so no worries :)

Really you think a guy with two year part time "experience" has the right to call people out? I have followed and paid many educators and I don't think there was a single one where I didn't learn something. As Mark said, when you are fresh, you can't even value someone's advice because it...

Wow in two years you have disproved so many methods where each may take that long or longer to learn. You are simply walking the path ... Trying to find your niche ... we've all walked (walking) it. Reading your assessments of different styles and methods it strikes me how confident you are in...

Funny, market plunges and all of the sudden everyone is short. Everyone front ran Trump and caught the top. Amazing trading.

True, but you need to ask the trading desk about execution ... That is something they usually pretty good at answering ... Call them, don't open tickets.

Why?

What did IB tell you?

My advice to everyone is the same ... Before you ask a programmer for a quote, make sure to write down the strategy in as much details as possible. Obviously exclude the secret sauce. This helps in two ways: 1 you clearly understand what you need. 2 it's easier to estimate the scope of work.

Ok, so I misunderstood what you meant by "watch" The above I agree with ... I meant you can't just

Respectfully, I disagree. You very well know how many problems can and do come up with automation. The lower the time frame, the closer you must watch. And when do things start breaking? At the worst f@#g possible time! (Like big red days that overwhelm resources) What automation does allow...

A single good programmer who is an expert in such field can easily make that in a year via salary. His/her time would be better spent doing research on something that can yield millions once deployed by large hedge funds. My understanding is that big money looks for stable and predictable...

How come most of your "pro boys" are underperforming indices? Which group is consistently on the right side of every move? Sounds like you are preaching your version of some free lunch. Most people on ET are trying to find a way to grow a very small account into something meaningful to them.

Lol ... beautifully put.

I hear this from you so often that I must ask for definition. Buy-and-hold has been a free lunch lately, no?

How did you set that up? Is it someone 100% dedicated? Do they have the ability/knowledge how to stop, start, and possibly close positions if necessary?

Since we are on the topic, there is this question that has been popping up in my head ... What is the minimum qualifications to mentor or even give advice to someone? Most people are looking for "successful trader" and I do see why - you don't want blind leading the blind situation. On the...