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The following is from IShares, and may also help answer your question. >> ETF prices tend to closely reflect their fair value. That’s particularly the case for funds that track large-cap US stocks, which tend to be highly liquid and trade in the same time zone as the ETF. That said, an ETF’s...

No, if my testing on daily bars tells me that I should exit at X price within the bar, then I don't need intraday data in backtesting to set that stop at my broker when trading. My best systems have been developed with daily data. I prefer to enter at an open, set a stop, and hold till the...

Nothing wrong with using daily data. Many great systems are developed without access to intraday data for testing. Just be aware that for many instruments, the open/close is often more accurate that hi/lo. If your system asks you to enter at the close, then your challenge is to locate a...

However, the big issue I had with this - unless they have made changes - is that IB does not provide daily open prices for the spreadsheet.

As the article correctly pointed out...and as you would have noted if you had read past the headline...such a system does not hold up when considering transaction costs. Transaction costs are a serious drag on returns for any strategy that trades frequently, and they're often ignored by traders...

Based on my experience, the IRS can be forgiving if they see at least an attempt to file quarterly taxes of some kind. They understand that many sources of income are irregular. What can get you into trouble is if you show income, but have made no effort at filing quarterlies. Thus, if there...

I've followed Trump since the early 80s. He never has been a deal maker. His idea of a deal is to push people around, lie, cheat and steal. What goes around comes around.

I had worse, selling puts on Nasdaq flyers in 2000. Live and learn.

I will summarize this entire thread by repeating the advice that was given to me years ago when I started a program of selling puts. A software vendor had put me in touch with an experienced floor trader in Chicago. I carefully explained my plans, my studies, and my recent successes. I asked...

That statement is not what you say on your website, where you indicated that you are taking a 100K position, and in your introduction you recommend a 100K account. Thus, you are maxing your account on a highly leveraged instrument, going short. From your website: "The performance is always...

I would recommend that the OP get an attorney to review his site before marketing further to U.S. clients. There are a number of questionable claims and issues.

You are claiming actual results of 99% winning trades on VXX with a max drawdown of 1%? Impossible. Your website, for example, shows a backtested drawdown of over 20%. On what planet is that 1%?

https://en.wikipedia.org/wiki/Black%E2%80%93Scholes_equation

A study of 15 brain damaged traders is meaningless. Hell, you can survey a hundred brain damaged traders right here, anytime you want to.

You're seriously underestimating the impact that fills will have on your strategy, no matter what time frame you're using. You need to trade this (not simulation) in real time for a few months to better understand what you're up against.

Assuming that you know in advance that you want to enter a trade at the close on a particular day, simply set a conditional trade on TWS to execute at a particular time. In your case, just before the close. Much safer that trying to rig additional software to trigger a trade.

But these ETFs expose the investor to market risks. It doesn't help much to be receiving a dividend when the value of the ETF is down 10%.

The next small leg down will have thousands of ETF investors calling Vanguard and Fidelity to sell their positions. They're already sweating from having a flat year, and it won't take much more to push them into the fear zone. When that happens, the bottom may be a long way down.

One of those old sayings that often rings true. Good to keep in mind in this current market environment.

Gosh, now I really am sorry I sold my Cisco.