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The OEX is all electronic EXCEPT for spreads. There won't be electronic
spread trading until later this year. As such you want a firm with
it's own brokers in the OEX not a correspondent firm. Firms like
Schwab, Fidelity, DLJ and others have their own teams in the OEX.
Firms like E- Trade, Ameritrade, Brown and others use $2 brokers in the
OEX. Ask the firm your are considering if they have their own brokers
or are correspondents. Correspondents are usually less expensive.
They are bad brokers, but rather brokers where a phone order .... what
a spread often becomes.....goes through one extra pair of hands.
<p>gordon fong wrote:
<blockquote TYPE=CITE> <font color="#000000"><font size=-1>Greetings!</font></font><font color="#000000"><font size=-1>anyone
of list traders doing oex options on spreads? Can you recommend a good</font></font><font color="#000000"><font size=-1>internet
broker?Many thanks in advance.</font></font><font size=-1>Salute,</font><font size=-1>gordon</font></blockquote>
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</x-html>From ???@??? Tue Mar 28 23:06:39 2000
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From: "David Bozkurtian" <dbozkurtian@xxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx
Subject: Re: Re[2]: === Looping constructs.
Date: Tue, 28 Mar 2000 10:46:23 PST
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Status: RO
Mark,
I am serious, but also a relative newbie. All I know is that there is not a
single package that can do it all. I downloaded the trial version of TW, but
at even $800, I cannot afford it.
I do have several ideas about testing. Hope they can help you.
Here is one. You can elaborate on it in-house to be as flexible as possible.
Not sure if TW already does this. Here goes:
This is what I want to do in a test:
1. Start with ALL markets
2. Find the last 10 times a stock hit a new 52WK Hi on at least double
volume, with a side-ways consolidation breakout (rectangle) of at least 26
weeks in length.
3. Now that I have all the date, volume, price, Vol% increase on the date of
trade, $ % increase on date of trade, etc. I want to see what kind of
performance these trades did at 1 week, 2 weeks, 3,4,5,... 18 months.
4. Now I want to see if there is any correlation between any of the
variables at the time of the trade and the performance at these variable
date lengths. For example, is there a positive correlation between the %
volume increase (at trade date) and the 6, 12, 18, month returns. What about
the consolidation range. Was it 15%, 25%, etc? What relationship between
that and the 6,12,18, month returns. What about the price change on the
breakout? What about P*V change on the date of the breakout?
What about the original price of the stock? What about the average volume?
Do these all have a relationship? I'd like to test all this.
Once I have this information. Hopefully, I will find some statistical link
between these factors and the various markets explored. Now, if there is a
statistical link, I'd like to explore stocks based upon the "best" criteria.
You know the rest.
Also, I'd like to see a custom indicator which can automatically plot trend
lines, support, and resistance. Don't think MS can do it.
Finally, I spoke to Steve Yates about 15 months ago about his Traderware
program. It was really neat. I actually had chills down my spine when I
first saw it. I can't afford it though. Would be glad to help with ideas
though.
Thanks for responding
David
212-578-6559
From: "Mark Brown" <markbrown@xxxxxxxxxxxxx>
Reply-To: metastock@xxxxxxxxxxxxx
To: "David Bozkurtian" <dbozkurtian@xxxxxxxxxxx>
CC: metastock@xxxxxxxxxxxxx
Subject: Re[2]: === Looping constructs.
Date: Tue, 28 Mar 2000 11:18:06 -0600
Hello David,
DB> At the least, it should do these things. Not to mention simple flow
control
DB> and repeating structures such as For Loops, While, Select Case. What
about
DB> passing parameters to custom indicators?
DB> It is probably futile to expect these enhancements in the near future
from
DB> Equis. Any Developers/Traders out there interested in putting our
noggins
DB> together to create a shareable version of what we want?
DB> I know the folks at Traderware have a very interesting product (M Brown,
I
DB> know you are reading), but the last time I checked the cost was way over
my
DB> budget.
DB> Hopefully helpful folks like yourselves will not only identify the
problems
DB> facing technical analysts, but bring to the table real workable
solutions
DB> (preferably turnkey) to benefit the entire list.
Yes, I just saw this and to avoid any conflicts on this list I would
prefer that if you are serious. That you join the TraderWare mail
list at http://www.markbrown.com/list.htm Then you and others pose
the solutions that you would like to see done. TW is very capable of
doing about anything, we have a brilliant full time programmer who is
monitoring the list and posting custom code each and every day. We
are quickly compiling the largest VB library of trading ideas
anywhere. The current list is at
http://www.markbrown.com/twstudies.htm
Thanks, Mark
ps TW has lowered the price Introductory Offer $795.00
DB> It's happening piecemeal now with people trading system, indicator,
expert,
DB> and explorer code. But still, you have to admit, that we are in the dark
DB> ages.
DB> We have no accepted standards for measuring system effectiveness, no
DB> standards for stop rules. Looks like the whole field is still evolving,
DB> which is a good thing. I continue to believe that the Internet and the
DB> sharing of ideas will revolutionize our field over the next few years.
It's
DB> an exiting time, and great to be part of this list group. I think other
DB> agree that what some of us have learned on this list is not found in
print
DB> anywhere else, or at least not easy to come by.
DB> Thanks list.
DB> David
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