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All: I want to thank those who commented on this topic. Unfortunately, I have not learned a whole lot by the various comments other than each person's subjective opinions about the possible usefullness of day trading systems. I was hoping to use this message thread as a location for people...

wwatson1: While I appreciate your input, I was hoping you could expound upon your statement "thought it was crap." I'm sure more details of your disappointment would be helpful for all of us, rather than off-the-cuff negative remarks, which help no one. I would really like to understand...

Hitman: I thought I began the conversation with the admission that I was focussing on day trading e-mini futures (Nasdaq specifically). Your comments on individual stock day trading is probably correct, although I would imagine that many high volatility stocks (>10% swing per day with > 1...

All: I was reviewing another chat forum based on messages involving Tony Oz. In one of the topics, Tony shares some generic advice as to what he wished he had done initially, but didn't. The first thing on his list was to develop a profitable trading system so that he would at least be...

All: Thanks for the comments. I enjoy reading everyone's opinions on this topic. I have personally developed many custom trading systems for end-of-day stock data, but would like to narrow my focus on the potentially more effective day trading techniques using index futures, which is what...

I'm gathering information on the preferred mechanical day trading systems. Due the the nature of day trading, I am assuming that most of these systems, if not all, are based in technical analysis approaches. There are breakout, trend following, and pattern recognition approaches, just to name...

RTS: Forgot one last thing. Are you using the latest MetaStock Professional 7.2? It is supposed to have 26 performance systems, with several targeting day traders. I just wondered if you had updated to that version and, if so, what you thought of their performance systems? One other...

RTS: Have you ever investigated the possibility of generating calculated data that would mimic the longer term time frame and overlay the shorter term charts? This is one deficiency I've noticed with MetaStock - that is, lack of easy support for multiple timeframe-based trading system...

rts/All: I saw your comments in this message regarding MetaStock Pro. I have been using the EOD version for quite some time. Are you still satisfied with MetaStock Pro as an intra-day trading system development platform. I find MetaStock extremely easy to use, and very stable. The upgrade...

I have also used MetaStock EOD for quite some time. That's the reason for my post. I want to find out if the Pro version is worth the $900 upgrade cost. You can use stops as part of your system strategy w/ MetaStock. What you can't do is command an intra-bar exit. For instance, if a stop is...

All: I'm interested in soliciting people who have development day trading systems using MetaStock Professional. Specifically, I would like to focus on daytrading the e-mini Nasdaq 100 (currently NQ Z1). Also, I understand that the latest version of MetaStock Pro comes bundles with some...

MetaStock will do this for you easily. That's what I use. TAHOE

traderkay: Spent my first day with my mentor today. We will be trading live tomorrow. He uses a very simplistic, however effective, approach based on application of logic to the markets (believe it or not!). We ran through the data point by point and scrolled through the charts one bar at...

dozu: I fully expected a response like yours. It is very common. I understand that trading e-minis takes serious attention. However, at the same time, people like myself actually need to hold down a job to pay the bills. Yes, I do have some liquid capital available that, yes, I can afford...

Kay: I am meeting with a gentleman tomorrow that does this for a living, so I'll tell you how it goes. I'm looking to him as my mentor and teacher. He's up to a maximum of 5 contracts at a time which brings in around $150K/yr. When he was trading 1 at a time, he was pulling down around...

Hello: I have read many, many comments about Interactive Brokers, but can't really make up my mind on them. Some people absolutely love them and others say to run FAST away from them. I'm looking for a broker that can execute my e-mini Nasdaq 100 index future trading via GLOBEX quickly. In...

rts: I currently own the regular version of MetaStock (7.02). I can upgrade to 7.20 Professional. The eSignal version upgrade is $999 and the Quote.com version upgrade is $899. While the functionality is the same, it is actually different software. I'm focussing on the e-mini NQ. I'm...

vikana: I have used the end-of-day version of MetaStock for a couple of years, and I think you can do some of the things you're looking for. I'll comment on each of your topics. 1. Running systems in real-time. Although I don't have the Pro version, I'm pretty sure you can do this...

vikana: You noted that you do not use MetaStock Pro for active trading. I have been considering using this as my real-time system to identify potential buying/selling opportunities, and then entering those trades with IB or LaSalle or something like that. I'm trading e-mini index futures...

I have used this new Datek feature and I think it's a great feature for a non-Direct access broker. It's intuitive, fast, and easy to use. I would never want to go to the hassle to try and figure out some "workaround" VB code to do it for me. Here's how the rapid protype works: Type B for...