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It is not clear to me why people appear to be sorry about Neke's performance. From the results posted at the beginning of this thread, it looks like he made about 980k in profit before giving up about 200k in losses. That's about 780k in net gain. Nothing to be upset about.

Maybe not. Here is the summary from a recent (June 2012) paper, entitled "The Pre-FOMC Announcement Drift": "... a staggering 80% of the annual U.S. equity premium since 1994 was earned in the 24 hours before FOMC announcements". Source: http://www.newyorkfed.org/research/staff_reports/sr512.pdf

I love their awards page http://www.pfgbest.com/about/awards/ : Among the many awards, there is this gem: "PFGBEST <...> has won a 2011 Iowa Character Award from Character Counts In Iowa. The achievement honors <...> organizations that consistently demonstrate and promote the six pillars...

If you are willing to wait for 50 years, it probably makes sense to bet on the long side. Over the shorter time period (such as 1 week, 1 month, or even 1 year), the likelihood of going down is about the same as it's of going up. Look up the S&P chart of the last 12 years. We are about the same...

What went wrong this time around?

So, if I make 10 correct predictions, and 1 wrong prediction, I am out? According to my calculations, you'd need about 1000 participants in this game to have 1 single person remaining after round 10.

1% a day translates into a 1100% annual compounded return (assuming 250 trading days in a year). So, you are looking to beat virtually all mutual fund managers, hedge fund managers, investment banks, private equity firms, not to mention the small traders. There are probably only a few traders in...

Ok, it sounds like your idea of automation is different from mine. In my case, it's what I call "full automation", which means that everything is controlled by the ATS, which includes placing orders. In your case, it looks like it's "one-quarter-automated". Nothing wrong with it if that blend...

Here is what you said just two weeks ago: "So finally I am putting a complete STOP on ALL DISCRETIONARY trading during the trading day.". If you have a problem interfering with your automation, make it impossible to interfere. That's how I run it: there is no option to initiate or close the...

$7 a share is a fair price, according to my 30-second analysis of the fundamentals.

Good. I hope your algos are backtested. If so, what kind of performance do you see, and over what period of time?

Not sure how you derived this. By your reasoning, if I run the compound of two uncorrelated strategies A and B, which are both coin-flip types of strategies with the expectancy of each being correct is 50% of the time, my expectancy becomes greater than 50%?

It means that your automated system is competing against their automated systems, and yes, the fittest ones will survive while the weak ones will perish. However, this is hardly a good argument against automation. That's because if you trade manually, you are still competing against the auto...

The "errant" position opening is more likely to happen when the trades are placed manually. My automated system has placed hundreds of trades, and there was never a case when a trade was "unwanted". It did take a while to shake out the system bugs, though. But that's what a simulated account is...

What's with the 11 places after the decimal point precision?

You humans are very amusing creatures. There is no time. You are resisting the flow, and the flow makes you heavy. What you experience as time is just depletion of energy. Ever wonder why it's always unidirectional?

So, why are you short then? Dude, as this thread progresses, you are becoming less and less lucid.

Open interest is just the number of unsettled contracts. How do you figure from that the disbalance between the buyers an sellers?

1000% return in a year is easy?

Is there a reason that your discretionary trades are not automated?