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I traded Iron Condors early on and found that without "legging into" the spread, the risk to reward was just not that appealing. Once I realized that I was spending the bulk of my effort trying to use directional insights to better my price I took as step back and just went with straight...

I would echo what others have said, especially man's point about compressing the same number of trades to "converge" to profitability faster. You can generally reduce variability if you can shorten your time frame effectively, add more trades, and still retain your edge. This positive effect...

"nitro", anyone I deal with will come to know me personally. I have collaborated with many individuals through ET, both online, on the phone, and in person, who all know who I am. I've had traders to my home whom I've only had a few conversations with. I prefer my privacy online. Its just...

If my money management preference throws you, don't worry about it. Just be sure not to rollover profits. This puts undue importance on starting point of the backtest. Find a way to keep your trading results consistent across time. If your performance stands out enough we can address the...

No it does not necessarily have to be in production. Of course this would mean that our realtime verification time would probably be extended. In terms of the money management, I would ideally like you to simply trade the futures price as if it were a stock price (shares = 1,000,000 /...

This was posted during the weekend. Just bumping it for those who may not have seen it.

Well, since we are on the topic ... I am currently searching for system traders whose systems could be a worthwhile addition to a current system portfolio I am managing. The firm I work with is seeking to build a wider portfolio of systems in order to benefit from greater style...

Dan, Tick level data is the most accurate way to backtest, but you can simulate order fills with X minute level data. It all depends on what you are doing. Testing indicator based systems can be difficult as you are tempted to do the mid bar override in realtime trading. The easiest...

Acrary, Please drop me a line at opmtrader@yahoo.com. I have been trying to track you down via PM. I have a legitimate trading opportunity that may interest you, somewhat along the lines of your first post in this thread (i.e. opm). I hope you will be in touch. I am deeply saddened...

nononsense, the thought of a computer fire has always scared me. I once investigated a halon system to put out fires, but was dissuaded when told that it can be poisonous if you are around for the fire. Not sure what is the truth. gnome, I agree. Unfortunately, dropping >$500 on a drive I...

I just answered my own question. According to the net, only 36 cents per day for an average computer to run hard for 24 hours a day: (150 Watts * 24 hours * $0.10prkWh)/1000 = $0.36

I just lost a drive yesterday. Thankfully it was backed up. I am currently having a nightmare of a time getting a new 750 GB SATA drive to work in my UATA computer. Three PCI cards which are meant to handle this have all failed thusfar to do the job. Does anyone know how much money it...

acrary, what an honor to be mentioned. As you know the feeling is much more than mutual on this side. I've been trying to drop you a PM about a potentially worthwhile trading opp but your popularity prevents it. Maybe drop me a line at opmtrader@yahoo.com or a PM if your box gets clear. Keep...

Perception is reality in the markets my friend. Keep that in mind.

Thank you both for sharing. That short futures long T Bills sounds very compelling! I will have to remember that. I am really thinking, what if you waited for a historically high interest rate environment, with a steep yield curve, and set up a fund to do a long S&P + own 10 year note...

cakulev That was my exact plan !!!!! So is it exactly the T-Bill rate or what? There's got to be a way to use the free cash that futures allow to juice the returns of a buy and hold investment. Guess I need to be more creative. Would there be a better rate available than the one...

I have a simple question regarding "Cost of Carry" for ES futures. As a shorter term trader I have remained ignorant of these effects. What I want to know is what difference would there be between holding $60,000 worth of SPY stock and rolling $60,000 worth of ES futures (~ 1 contract) for a...

OptionScreen, That page on that site seems a bit incomplete. I'm sure the writer of TWM would be glad to send you a list of all the functions if you write him a quick email support@gloriosia.com. There is a lot more that TWM can do, mostly revolving around order sending. Remember I'm not a...

Try http://www.gloriosia.com/twm/docs/documentation.htm Nononsense, its a tool, with advantages and disadvantages. I know you are technically knowledgable. For myself, not coming from that background, I have been amazed at what can be done with the flexibility of this language. I can rip...

I use Matlab for all backtesting and realtime trading. It works great for me, both simple index futures trading and entire stock portfolio trading. I use TradingWithMatlab to hook to IB (www.gloriosia.com). I have even recently begun a forum devoted to the users of this platform at...