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Sounds good.
I think we work in different markets. I'm in equities. And you're
correct about the manual process for a portfolio. If I get a strategy I
feel confident with, I'll tie into the API for the order execution
system to implement it. Doing it manually would be near
impossible.
Cash
Send reply to: <dave@xxxxxxxxxxx>
From: "Dave Nadeau" <dave_nadeau@xxxxxxxxx>
To: <cash@xxxxxxxxxxx>
Copies to: <omega-list@xxxxxxxxxx>
Subject: RE: Setting stops in TS2K?
Date sent: Tue, 21 Aug 2001 09:40:46 -0400
> Hi Cash,
>
> I currently use ELocal Trading, and have been extremely happy with
> them.$1.50/RT on the electronic contracts plus exch fees. They have
> been excellent to work with in terms of telephone availability and
> customer support!
>
> My style does not currently use a Market On Open strategy, so I
> haven't explored this feature among brokers. I trade frequently
> intraday, and my systems give the market the first ten minutes of Reg
> Trading Hours to react to imbalances, then they start generating
> signals.
>
> I do apologize if I was misleading. I was speaking hypothetically
> from my own point of view. I do know several proprietary trading
> firms that use Market On Open Limit orders (Limits managed through
> their software, I think). I've coded and tested this strategy which,
> as you know, is fairly easy to do on a single equity or several
> equities, but considerably more manual across a portfolio. Because
> it's been a curiosity only, I haven't pursued a rigorous study of this
> approach-->i.e. I haven't run the tests over a large population of
> equities.
>
> ================
> Dave Nadeau
> Fort Collins, CO
>
> > -----Original Message-----
> > From: cash@xxxxxxxxxxx [mailto:cash@xxxxxxxxxxx]
> > Sent: Tuesday, August 21, 2001 12:38 AM
> > To: dave@xxxxxxxxxxx
> > Cc: omega-list@xxxxxxxxxx
> > Subject: RE: Setting stops in TS2K?
> >
> >
> > Hi Dave,
> >
> > I was going thru the archives looking for something and came
> > across a post you had about opening only orders. I'm working on a
> > similar system. Did you ever have any luck finding a broker that
> > would do that for you?
> >
> > Based on your post, our strategies are different, but the broker
> > needs may be the same. If I'm correct, you'll more than
> > likely need
> > to have a professional trading account so that you can put in the
> > number of orders you need to get the number of hits you want.
> > With a retail account, you'll be limited by your account equity.
> >
> > Cash
>
>
> _________________________________________________________
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