Opening Only's 2010

Quote from Joman:

Thanks for the very informative post.

I'm testing similar opening strategies (automated) and achieved a 0.3% average trade after commissions in backtests.

I'm trading it live with small size right now but I don't have enough sample size to conclude if this is a valid strategy, would you care to tell us what is your average win per trade ?
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Too small to even bother, its barely in the money
 
Quote from trend2009:

if i am not wrong, I remember that if you specify the ecn yourself instead of using "smart" routing, either you can not use unbundled fee structure or you would be charged for an additional fee.
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I don't think that is right even if it is I don't think it increases my costs. I made my decision after seeing the actual commissions paid. SMART was costing me more than routing to BATS directly
 
Is anyone still trading OPG strategy? I see the margin becomes so thin that it can hardly overcome commission.

Quote from Don Bright:

We'll try this again this year.

Today, small +8.5 cents.
Monday small -6 cents.
No trade on Friday...


Don
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Quote from trend2009:

Is anyone still trading OPG strategy? I see the margin becomes so thin that it can hardly overcome commission.
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Hmm, thread from 2010, but a fair question. Actually, our very top performers, the "elite" traders is you will, use OPG's to enter each and every day. The tactics of closing have changed over the years, but I have to say that a big chunk of our trader's earnings start with OPG's.

Don
 
Are there some people still trading OPGs in 2016? It was ( and perhaps still is ) a really interesting strategy based on an apparently unnatural imbalance created by specialists on openings. But what is the importance of the specialist today( sorry I am not a stock trader so I don't know )? Thanks for the informative posts from Don( RIP ) and Lescor.
 
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