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I guess there is a misunderstanding. It is not about a machine that
guaranties money.
He was talking about the feedback that the software gets from the broker
when a position is entered. E.g. System A has a signal to buy 1000
shares at 100. Only 500 shares were filled by system A. So when an exit
signal comes from system A the software has to know that it only got
filled with 500 shares so that it enters sell 500 shares @ xxx for
system A.
I have never used TS6 but I no doubt that a company like TS has thought
of this and that this is possible even with TS6?
Also since we are discussing that subject, how do you enter 50 orders in
TS6? Can you do this all at one shot?
Volker
-----Ursprüngliche Nachricht-----
Von: trader@xxxxxxxxxxxx [mailto:trader@xxxxxxxxxxxx]
Gesendet: Freitag, 10. Januar 2003 09:16
An: omega-list
Betreff: Re: TradeStation 6 and 7 USELESS for Automated Trading
----- Original Message -----
From: "Progster" <progster@xxxxxxxxx>
> 1. Any strategy set for automated operation WILL fail at some point
when
> the strategy's idea of your position disagrees with your actual
position.
> This is because strategies have NO IDEA what your actual position is.
They
> just guess, and eventually the guess is wrong. Period. When the
'position
> match' goes FALSE, the strategy stops operating.
Then you understand mechanical trading wrong. With mechanical trading
you are not allowed to have any IDEA of what the market will or will not
do. You close out all the feelings you might have and you only do what
your system tells you to do. Else why waste time on backtesting and
development etc. etc. if finaly you are going to have your own idea's
anyway ????
> 2. Even a skilled programmer cannot work around the problem imposed
by
the
> Automation Engine (See #1). EasyLanguage does not offer access to
factual
> data on the trader's actual positions.
Again, the traders actual position is only important for the system
if the position is generated by the system.
> 3. TradeStation Technologies, Inc. (if I am referring to the
appropriate
> entity here), has not committed to fix this problem, ever. They offer
only
> the usual, if I may paraphrase, "thank you for your comments, we are
always
> considering ways to improve the platform" commentary on this CRIPPLING
> issue.
Why correct something that is not wrong ? How ever would you backtest
500 historical trades if you want to influence each trade by yes or no
allready in a position.
> If these are not true facts, I'd like to be corrected by the members
of
this
> list.
There are 2 way's of trading. Mechanical and intuitive. TS is a very
usefull
tool for both the intuitive and mechanical trader. You however expect
that
your intuitive thoughts can be "brought in to" a mechanical system. That
is
not the way it works.
> My own conclusions, based on the above facts:
My conclusion, you do not realy understand what automated trading is.
You want to mix intuition with automation, something wich in my
opinion, looking from the backtesting side of it, will never be
possible.
Greetings,
Henry
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