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Please send me a personal email and I will describe its functions and
the license fee. I don't want to use the forum for commercial
activities.
Thanks,
Barry
--- In amibroker@xxxxxxxxxxxxxxx, "dingo" <dingo@xxx> wrote:
>
> Well now that you've said you sell a system - how much is it?
>
> d
>
> > -----Original Message-----
> > From: amibroker@xxxxxxxxxxxxxxx
> > [mailto:amibroker@xxxxxxxxxxxxxxx] On Behalf Of Barry Scarborough
> > Sent: Thursday, July 31, 2008 2:46 PM
> > To: amibroker@xxxxxxxxxxxxxxx
> > Subject: [amibroker] Re: Anyone actually making money?
> >
> > I will let Tom answer this too but I would like to also. Auto
trading
> > takes the emotion out of trading. If you have nerves of steel,
> > believe your system implicitly and act immediately, you can
manual
> > trade. I just can't do it. And you are not fast enough to catch
the
> > price when the signal appears, if you are watching the screen ALL
the
> > time. Then when you don't catch it right away what do you do?
Wait
> > and miss the trade, right. The AT part makes the trade in a
fraction
> > of a second after the signal. It has nerves of steel and no
emotion.
> >
> > Then there are too many times I think the market is going to do
this
> > or that and I start second guessing the system. That is a killer.
I
> > did not understand that until I had a long sting of awful trades,
> > quit trading and read Trading in the Zone but Mark Douglas,
required
> > reading for the novice as is High Probability Trading by Marcel
Link.
> > One point Douglas makes, and I can vouch for it, is that when you
get
> > an idea about what the market will do it skews your thinking and
you
> > will not see the parts of the chart that tell you to get out or
not
> > trade. You only see what reinforces your belief system. I made a
> > really bad trade and reviewed it with my wife later. She is very
good
> > at picking stocks, looked at the charts and said, "What the !@#$
did
> > you do that for??? Looking back after the emotion was gone I saw
what
> > I did not see during the heat of the moment, all the other stuff
that
> > screamed "Not here stupid!" Thinking you know what the market
will do
> > often does more harm than good.
> >
> > Your point about futures is true and part of the clue to using
them.
> > When you are trading, small price moves make it hard for a system
to
> > make money. People that try to trade a 1 minute chart have to
have a
> > system that turns on a dime or the bid/ask slippage and
commissions
> > will eat your lunch. Now if you use an hour chart the bars are
larger
> > which makes it easier to catch a gain. Another reason is you can
> > trade with a lot less money. If you system is good enough to
trade
> > stocks it is probably good enough for futures.
> >
> > Don't get the idea that futures are more volatile than stocks.
Look
> > at QQQQ and switch quickly to ER2, Russell 2000 e-mini. The
charts
> > are almost identical and the % volatility is about the same. The
> > price range is very different. But you need a large price swing
to
> > make money. The reason people use day or week charts is to get
the
> > price range they need to make money. You can get that price
variance
> > in a few hours with futures. So you can make the same money in a
> > shorter period of time using them, or lose a lot more if you
system
> > isn't any good.
> >
> > Writing an auto trading program is a LOT of trouble, is not easy
and
> > you will need to dedicate a lot of time to write and test it and
test
> > it and test it. What the market does in real time will surprise
you
> > when comparing live trades to static charts or back test results
> > where you use ExRem to filter all the signals out and make the
charts
> > all pretty. That doesn't work in the real world. You will get buy
and
> > sell conditions you will never see and you have to anticipate and
> > manage them. To see what I mean watch a 1 minute chart when the
> > market is changing trends, where two MAs are very close and
changing
> > many times a second.
> >
> > And things don't happen immediately. When you place a order it
takes
> > time to get a reply from TWS even when using MKT orders. They may
not
> > even fill if the market is thin. Then it takes some more time for
the
> > number of position to change, letting you know you really did
trade
> > something. Your signal can send hundreds of orders during that
time,
> > in only a few seconds, and you have to block them. When I was
getting
> > started I let my system run, simulation account, and when I came
back
> > an hour later it was long 300 futures contracts and was up
75,000.00.
> > Now why can't I make that mistake in my real account? But 300
futures
> > contracts? I can't afford that many.
> >
> > I do sell a system that will trade one security. I use it with
> > futures but the auto trading part can be used with anything. Or
as a
> > basis for your own work. Your system/indicators drive the AT part
and
> > that has to work well or there is nothing the AT part can do to
help.
> > Your system is the key ingredient and it has to be a good one,
also
> > true with manual trading. The AT just places orders and manages
the
> > status, does the trade blocking, allows you to set profit and
loss
> > stops and talks to you when a trade is made or status is
returned. It
> > can also send email if you are away from your system. Tom uses
his
> > that way. The program is about 13 to 20 pages long depending on
the
> > level of function and the indicator part is about 1.5 pages. Not
the
> > one or two page example you see on the User's KB. Be ready to
spend
> > the time to develop something that is fairly comprehensive or it
will
> > not work well and you will get disgusted with it. It is a lot of
work.
> >
> > Learning to use it is the easy part. Once you get it working you
can
> > start it and just watch it make money, or not. Mine was up $1800
the
> > other day using 1 futures contract, more than 200% gain, in a
day.
> > Sadly it doesn't do that all the time. But you can make money
using
> > AB.
> >
> > Barry
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "Louis P." <rockprog80@> wrote:
> > >
> > > Hi professor,
> > >
> > > Is there a particular reason why you chose futures over stocks?
> > >
> > > And why do you use IB automatic trading if trading delay is not
a
> > problem?
> > > It seemed to me that the more volatile a market is, the faster
one
> > must
> > > buy/sell.
> > >
> > > I'm still thinking about trying IB automatic trading, but it
just
> > seems like
> > > a hell lot of trouble to learn how to use it. Was it easy for
you?
> > >
> > > BTW, you said Barry helped you to write the code. This must
> > help! ;-)
> > >
> > > Louis
> > >
> > >
> > >
> > > 2008/7/31 <professor@>
> > >
> > > > 
> > > > Louis,
> > > >
> > > > Since I only make trades 3 specific times a day, I don't
worry
> > about the
> > > > trade delay. I do use IB automatic trading. I have just
finished
> > testing it.
> > > > I would watch my auto trade and then trade it manually. Now I
am
> > switching
> > > > to auto trading completely. I had Barry write the trading
program
> > for me. It
> > > > seems to work great. However, my trading part may have a
problem
> > which
> > > > prevents a trade occasionally, but it doesn't prevent my
trading
> > from being
> > > > very profitable. I only trade gold futures which as you know
as
> > very
> > > > volitable.
> > > >
> > > > Tom
> > > >
> > > > ----- Original Message -----
> > > > *From:* Louis P. <rockprog80@>
> > > > *To:* amibroker@xxxxxxxxxxxxxxx
> > > > *Sent:* Thursday, July 31, 2008 9:48 AM
> > > > *Subject:* Re: [amibroker] Re: Anyone actually making money?
> > > >
> > > > To Tom: Do you use IB automatic trading? Is it possible to
test
> > such
> > > > feature? I find that intraday trade delay is a major reason
why
> > I don't
> > > > make any money. If I was faster I could do better.
> > > >
> > > > Thanks,
> > > >
> > > > Louis
> > > >
> > > > 2008/7/31 <professor@>
> > > >
> > > >> > Is it not obvious to you that some people�s
personality
> > calls for a
> > > >> trading system, while others personality calls for a
> > discretionary
> > > >> approach.
> > > >>
> > > >> I think that is the best thing that I've read on this thread!
> > > >>
> > > >> I agree. I have found that I am too emotional to try day
trading
> > because I
> > > >> make emotional decisions. That is why I developed an EOD
program
> > to trade.
> > > >> When that was very profitable, I had my EOD program
converted
> > to a real
> > > >> time program and auto trade. I use a dat/night chart and
only
> > trade 3 times
> > > >> a day. Now I just watch to make sure the auto trade is
working
> > correctly.
> > > >>
> > > >> Tom
> > > >>
> > > >> ----- Original Message -----
> > > >> *From:* tuzo_wilson <j.tuzo.wilson@>
> > > >> *To:* amibroker@xxxxxxxxxxxxxxx
> > > >> *Sent:* Thursday, July 31, 2008 7:31 AM
> > > >> *Subject:* SV: [amibroker] Re: Anyone actually making money?
> > > >>
> > > >> --- In amibroker@xxxxxxxxxxxxxxx, "Jan Malmberg" <jan@>
wrote:
> > > >>
> > > >> > Is it not obvious to you that some people�s personality
> > calls for a
> > > >> trading system, while others personality calls for a
> > discretionary
> > > >> approach.
> > > >>
> > > >> I think that is the best thing that I've read on this thread!
> > > >>
> > > >> Tuzo
> > > >>
> > > >>
> > > >
> > > >
> > >
> >
> >
> >
> > ------------------------------------
> >
> > Please note that this group is for discussion between users only.
> >
> > To get support from AmiBroker please send an e-mail directly to
> > SUPPORT {at} amibroker.com
> >
> > For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
> > http://www.amibroker.com/devlog/
> >
> > For other support material please check also:
> > http://www.amibroker.com/support.html
> > Yahoo! Groups Links
> >
> >
> >
>
------------------------------------
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