Bastard Testing

Funster: I didn't know that about lots under 100 shares. Maybe I'll just trade 50 share lots across 100 different stocks!!! Man, would that piss off a lot of people! Commission would become a factor, but it'd be better than getting killed on slippage.

BobCathy: Unfortunately this system doesn't perform especially well on "super thick" trading vehicles like the ETF's. maybe if I tweaked the stops a bit I could improve the results on thick stocks/ ETF's/ futures.

Lobster: Great idea, except the stops are minimal as it is.

Sempai: Limit orders are the only way I'm going to see a marked improvement, I think. I'll have to use market orders to exit, but I could probably work the entries to be limit orders. One problem I have is that I'm not sure how to automate (TS6) price improvement and routing instructions. If I go with straight "price gets hit - send order, I'll lose out on a lot of fills. From Kohai.

Dustin - Again, NX would be a great idea, but I'm not sure how to set TS6 to perform that function.

Thanks again. I'll try to keep you posted if I find any modifications that reduce slippage / enhance profitability.
 
I know it was a shortened session yesterday and most institutional buyers were absent, but did the specialists take the day off, too?

Check out these "Timely" market order fills I got:

Short 100 PQE @ market. Filed: 10:02.57 filled at: 10:13.55 !!!!!!

Short 300 VVI @ market. Filed 10:02.26 partial fill (200 shares) at 10:25.37 - It took 23 minutes to partially fill a market order????

Short 300 VNO @ market. Filed 10:05.31 - filled at 10:13.53

There are other examples also, but none come close to the V V I fill. I mean, what the hell???
 
Testing naz stocks for 10 share lots work pretty well. I had a system that did that in the beginning. Only way to trade live and risk pennies a day.
 
And the great thing (for the specialist of course!) is that he gets to charge you (or your broker) for having an order on his books for longer than 5 minutes. Called a "billable" order this is 3 times what he normally charges for a fill in under 5 minutes!

Did you get a "thank you" message when you got the fills back for this nice little Thanksgiving present you gave the specialist ? :D
 
Yesterday I filed 10 market orders and 4 of them ended up as "billable." I hope I'm not the one paying for it (aside from the lost profit opportunity!). Anyone know if TS pays the bills?
 
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