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Thanks ETN... If you don't mind - Limit orders should have zero slippage right? Only market orders. I want to double check as I enter limit orders to enter and market orders to exit. And if thats the case, my slippage per trade/contract would be 12.50/2 (assuming 1 tick slippage on the...

I'm definitely going to forward test live. I'm just trying to ensure I have something worth investing the time and money to forward test live. I working on a trial with MC. Not sure I would want to test with MC or write java code to connect directly to brokerage. I assumed I didn't need...

I developed an algorithm and I need a little help interpreting the results. I tested/optimized the algorithm with 1-min data on the ES from 2007-2010. There are only 2 or 3 variables that are optimized (targets and stop losses). I then forward tested on the data from 2010 thru to the...

I'm an option trader and I'm used to TOS. I'm being forced to use IB to manage a different account and I'm watching the IB training video's now. I understand that IB is generally regarded well for fills and commissions, but does anyone like their interface to TWS? In a past life I was a...

Hey OP, Any thoughts on this since you signed up for the trial? I signed up for his weekly newsletter when he had a big discount on. Initially it seemed well thought out, and I do like some of the indicators, but I'm not to thrilled with his trades or market perspective. Especially when he...

If you use LiveVolX do you still have to pay the 250/mo for the LiveVol functionality or trade a particular amount of commissions? I thought I heard somewhere you needed to be a frequent trader to not pay those fees.

Hey, I'm interested in running some backtests based on the float size of a company. I don't think the data on Yahoo is updated frequently. Does anyone know where I could get EOD data on the float size (for say the 500 companies in the S&P and a few indices)? Ideally for free since this is...

I don't think there are any. I've purchased data for the RUT and understand why. Option data is pretty huge (4000 times larger than historical stock data) so I think this might be why there are no free ones around.

For grins, I tested this strategy with my backtesting tool. With no adjustments at all, and no stop loss, but either an exit at 75% of the credit OR expiration less than 3 weeks away, my system found 34 trades since 2006 and only 4 were losers. Average expected return of 11% per trade. Lowering...

Also, in Benklifa's case, he uses 25 point spreads. So that would lower his commission as well.

He did not say whether he had a long term goal. Only that he managed large pools of money, and was conservative. He could be doing other trades as well. But I recall him saying he aimed for a 4% profit target on his iron condor trades. 20% annuallized ain't so bad... but not great when he...

Thanks. I'll definitely take a look at those. At the moment I am looking at the ADX indicator. (Actually, I am sidetracked looking at the NYA200R). I read Benklifa's book. I like it. He's very conservative in his trades. 2-3 months out, looking for a 4% gain. I'm not necessarily looking...

Thanks for the thoughtful reply. I have a scanner that looks for particular trades that include deltas, time to expiration, earnings, volume and open interest, OTM of short strikes, net premium, and a few other items. I often manually look at support and resistance lines as well but I am still...

Good question. I am trying to determine safe(ish) ranges to enter into condors. Specifically, if I think a trade that is 12% OTM with a Delta of 8 is safe to enter 4 weeks away from expiration.... I was hoping to use the price spikes to help determine a comfortable OTM distance if we are 2 or...

Can you recommend something better than Augen for me to research?

This is so far what I am find as well, at least with my current test. I am back testing different iron condor positions over time, trying to figure out how different management techniques perform. But all the different entry criteria I have tried so far yields marginal improvments if any.

Honestly because i thought it much more likely that people here would have read Augen's book

This is interesting. I will look into those numbers. Thanks

I'll look into that as well, but I would still have questions about timing for opening the trade

Hi, I'm currently investigation close-to-the-money (CTM) iron condors (for instance a delta of 25) instead of my usual OTM condors (delta ~10). At any time I can find a trade with a delta of 25, but I am having a very hard time trying to choose when to best enter the trade. I can look for...