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Great post! And very accurate...I've seen it happen to multiple people already.

How would you recommend/prefer they show it? A. Cash Balance B. Open Positions C. Net Liquidity These are the facts shown, not misleading IMO. Massive open position losses are reflected in Net Liquidity, i.e. the net value of the account if the positions are closed.

Oh and don't forget, the fancy idea of buying at 3:59pm and holding to 4:01pm doesn't work due to spreads costing more than the carry pays, even on tight pairs with the best rates. No free lunch.

Yes, 4 or 5pm NYC close in all cases that I'm aware of.

A credit (debit) to the account daily depending on the interest rate differential of the 2 currencies and the size of the position. Every firm pays a different carry rate to positive carry positions, so you should ask and choose carefully. However, as mentioned in this thread, most carry...

Not enough interest rate differential. Do you know what "carry" is?

LOL

if EntriesToday(date) <= XX then begin your code end;

(It was rhetorical)

Well, in a manner of speaking, nitro said it for me. But the most important point is that trading without a stop is not possible without unlimited resources. That's all that really matters. It HAS to be part of the system, hence why I said that without it, you don't have a system at all.

Average True Range

It really doesn't matter how great it looks with no stop. That is the definition of curve-fitting. Could you really trade without a stop? How would you feel if you shorted S&P 660 or whatever it was now that it has rallied 200+ points? Would you still be holding? I doubt it. ANYONE can design...

So I gather one must have 3 degrees in Economics from Ivy League schools and 25 years real-world experience to have an OPINION about the economy? I suppose you must have all of the above, since you clearly have your own strong opinion. Contradictions and hypocrisy much? Just for fun, what...

No, it's perfectly okay to have the natural result of being "long" and "short" at the same time, as long as you're not doing it for the sole purpose of doing it. Two separate systems being long and short at the same time, both with solid mone management parameters, can yield good results. Each...

That's correct, but it's a different issue than opening a long and short position at the same time for no reason.

It's already been said here, but to reiterate, there is NEVER an advantage to holding a long and short position at the same time. It is identical to being flat and thus results in extra commission and slippage, which you should be trying hard to eliminate.

This concept has been posted dozens of times on ET, it's nothing new. Good luck in your quest fo success.

That can't be a serious question.

Sounds well-conceived and if the entries and exits are generated properly you should have good success.

What's the reward of long option straddles?