|
PureBytes Links
Trading Reference Links
|
My experiences might be helpful. Been on "full auto" over a year now, and
coding a TS email notification to my mobile phone of an error between TS and
PATS (for example) works great 90% of the time. That other 10% is what
happens when the datafeed is dropped going into TS... no data... no bar
calculation... no email notification of errors.
One time, it was TS data that failed (not bad, all things considered).
Twice, it was CME/Globex data that failed (vewy vewy bad). The boys at
eFloorTrader bailed me out by placing a hedge in the SP pit.
Like all things in life, accounting for and automating that last 10% is the
bitch. You really would need a custom executable "watching" several
variables, like "Is all your software running?", "Has there been a new tick
in the last N minutes?".
Then once you have that done, you have to account for power failures and
internet access dropouts.
Buy hey, that's what makes it fun right??
RIGHT??
{..... sound of crickets.... }
Best regards,
Gene Pope
----- Original Message -----
From: "Alex Matulich" <alex@xxxxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Thursday, April 10, 2003 11:04 PM
Subject: Re: Re[2]: TS7 automated futues entry
> Frank Fleisher asked:
> >Why do you think auto-execution is going to help you?
>
> I can only answer for myself. I come from an EOD background and
> most of my research has been on EOD systems due to constraints
> imposed on my trading during the day due to being employed by a
> company that wants me to be at work during trading hours.
>
> Recently I have been exploring intraday systems. IF I have some
> intraday strategies that I know inside and out and I trust, and
> IF I can rely on my computer tools and hardware (with appropriate
> redundancy), then auto-trading would allow me to trade intraday
> without actually being there.
>
> Those are big ifs. I'd also have to implement some form of alarm
> that notifies me when something happens, as well as a live link of
> current activity transmitted to my web site so that I can monitor
> what's going on.
>
> If I had the luxury of trading myself during trading hours, then
> auto-trading would help me ensure that I don't miss opportunities
> when I go to the bathroom, answer the door or the phone, or
> whatever.
>
> -Alex
>
|