|
PureBytes Links
Trading Reference Links
|
moreover, there is saying that given the lack of any
trading strategy that works... scalping is the only alternative strategy that works.
applied to mini futures markets. majority of small day traders in mini futures markets
are simply scalpers... just remember that... TS is not geared to scalping because
their order bar is inadequate for the task... such platforms as pats and tt recognized
the market and are now taking advantage of it.
and commissions matter a lot in system development and trading...
most trading system do not make much money with commissions/slippage factored in...
bilo.
ps. alerts in TS don't work well either, because the settings are either on every tick or
end of bar...
----- Original Message -----
From: Adrian Pitt
To: trader@xxxxxxxxxxxx ; 'omega-list'
Sent: Wednesday, June 18, 2003 9:11 AM
Subject: RE: New TS CME DataFeeds, a Quick Review
Mr Greetings,
Are people not kidding themselves if they think they can scalp the S&P
via quote machines?? I'm sure successful machine based scalpers..and by
scalpers I mean true scalpers, would be as rare as hens teeth.
Are you also suggesting that when you know your system is 1/2 a second
slow, that it causes you emotional angst? Even though in practical
terms it might make little difference to your trading? That doesn't
make much sense to me. Thats like me making a $1000 on a trade and
getting annoyed that I traded through a broker that charged me $7 r/t
instead of $6!!
You failed to say what the net difference the 50% different fills made
to your system and over what number of trades? I'm thinking the alert
sound on TS would last longer than a 1/2 second!! LOL.
Regards,
Adrian
> -----Original Message-----
> From: trader@xxxxxxxxxxxx [mailto:trader@xxxxxxxxxxxx]
> Sent: Wednesday, 18 June 2003 7:31 PM
> To: omega-list
> Subject: Re: New TS CME DataFeeds, a Quick Review
>
>
> ----- Original Message -----
> From: "Adrian Pitt" <apitt@xxxxxxxxxxxxx>
>
> > People complain about TS6/7's slowness in ES quotes, but
> does 1/4-1/2
> > a second really matter when all is said and done? If
> someone blinks
> > at a different time to someone else, that covers the
> difference!! Lol
> > In an automated system your order 'may' get in line quicker, but
> > unless your dealing in size does it really matter? I get
> the feeling
> > people are talking semantics when it all boils down to real
> trading.
> > Especially as most don't do automatic order routing. Am I missing
> > something here?
>
> Yes, you are missing that not all people trade alike.
>
> Where one trades EOD or Weekly systems, half a second is not
> important. But some people scalp and have to make just a few
> points of profit per trade.
>
> Now maybe in reality the 1/2 a second would not make a
> difference and in the end, after a years trading, the
> differences add up to nothing (average out is the right word
> i believe)
>
> For me, IF i would trade a system like that (wich i do not by
> the way) there would be a much bigger problem being that you
> are not right on to it. External factors are influencing your
> decissions and that is something you don't want. There are
> many people out there and if lagging data is setting you a
> step behind, that gives a very shitty feeling. Emotions about
> things like that would be very high with me. You don't want
> external factors messing around with you, trading can be hard
> enough as it is allready.
>
> As said, i don't trade like that, but even with longer time
> frame systems (i trade 15 minute systems) i don't want to be
> taken by suprise. Half a second can make a difference.
> Actualy, i am convinced it does. I have two systems running
> both TS but with two different datafeeds. pc's are set to
> synchronize with an atomic clock each night but one of the
> datafeeds is lagging, just a very small bit. The trades are
> in 50% of the cases executed at a different price. Most of
> the time only a 1 point difference (future trades at 2500 so
> 1 point is not
> much)
> but there you see that lagging can make a difference.
>
> Greetings
>
>
|