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This is all pointless unless you automate the reaction to slippage, in
addition to dealing with technical issues like network outages, etc. Much
of the problem centers around slippage. You must automate
protocols that deal with unfilled trade signals.
The realtime data available to us is filled with smoke and mirrors.
Quantifying slippage proves this deception.
hursday, December 4, 2003, 6:04:33 PM, you wrote:
PA> As I mentioned before, a scalping system that takes 1
PA> or 2 tick profit shouldn't be very hard to program. I
PA> know a couple of people who use it on multiple
PA> markets, and I am pretty sure they do leave it
PA> unattended while they sleep.. heh
PA> --- Alex Matulich <alex@xxxxxxxxxxxxxx> wrote:
>> Jimmy Snowden wrote:
>> >You must be talking about automatic order entry. I
>> have no problem
>> >running TS2ki unattended for weeks at a time. It
>> only blows up when I
>> >mess with it. I can see how automatic order entry
>> would be great but
>> >this boy is not about to trust it for more than say
>> an hour at most.
>>
>> Based on secondhand experience I'd have to agree.
>> One person I know
>> who trades for a living won't go near auto-trading,
>> he totally lost
>> interest in it after a trader HE knows lost $750K
>> from auto-trading
>> problems, and he had a team of 3 professional
>> programmers working
>> for him.
>>
>> That said, my goal is to develop a trading system
>> that can
>> auto-trade. However, I won't leave it alone
>> unattended. I'll want
>> to watch it. Auto-trading will free me up to pay
>> attention to other
>> things like research and testing, instead of being
>> glued to my
>> trading system all day, placing orders manually.
>>
>> -Alex
>>
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