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Philippe,
Bruce Babcock advocated this style of trading ie giving system to broker
about 10 yers ago. He did this because:
1. He was good at system development but.
2. Not good at execution and
3. Didn't want to be infront of a screen all the time
But you have to have a second computer/system to run to check on the broker
and you must have a good trustworthy broker with a couple of people in the
office who know how to run the system when the main broker is not there. YOU
CAN NOT EXPECT A DISCOUNT BROKER TO DO THIS WELL FOR YOU. You will pay full
freight for this service.
David Hunt
http://www.adest.com.au
----- Original Message -----
From: Philippe <plhermie@xxxxxxxxxxxxxxxx>
To: Jim Allen <jallen7@xxxxxxxxxxxxx>
Cc: <omega-list@xxxxxxxxxx>
Sent: Friday, May 14, 1999 6:06 AM
Subject: Re: Giving your trading system to one broker ?
> Jim,
>
>
> After having given your system to them, you can always check with your PC
if
> the filled trades are far from what your system tells you.
>
> I'm not married with any broker !
>
> It's not my lack of discipline, it's one of the ways to not be always
stuck
> behind your computer.
> I know that there are other ways : pager, Emails
> But I want to have advices of people who have already given their system
to
> a broker.
>
> I've been trading Futures on an intraday basis for more than two years
now.
> Believe me, I have quickly understood that I had to stick to my rules !!.
>
> If you don't trust your broker, you can leave him.
>
> Rgds,
>
> Philippe
> ----- Original Message -----
> From: Jim Allen <jallen7@xxxxxxxxxxxxx>
> To: Philippe <plhermie@xxxxxxxxxxxxxxxx>; Omega Mail List
> <omega-list@xxxxxxxxxx>
> Sent: Thursday, May 13, 1999 9:38 PM
> Subject: Re: Giving your trading system to one broker ?
>
>
> > Or, to put it another way, you substitute your lack of discipline for
your
> > broker's carelessness. Which would you rather put your money on?
> >
> > Jim Allen
>
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