Joseph

Hi there, If anyone tested automated trading with Investor/RT... I do would have some questions, here is the first: - Is Pro Backtester also good for automated trading on Interactive Brokers for instance (with or without Automated 8$/mo option) or I need Pro Complete? Thanks. Joseph

However strategies for possible end of trend can be developed ... you must be aware of the fact that a trend has come to an end by my definition only if actual trends last specific top (for decreasing trend) / bot (for increasing trends) is broken. NOTE: top = definition of top (this can differ at traders/strategies ... ) what to consider? bot = definition of bottom (this can differ at traders/strategies ... ) of corse the inverse of top as definition (likely ) broken= definition of broken (this can differ at traders/strategies ... ) Here you reffer already to check for trend is comming to an end. Here you can only rely on your technical analises (my advice), because for possible ends of trend you can find several strategies ... but all these are not for general use (my oppinion) ... it can differ from tend to trend and also from time frame to time frame ... but these are usually called pullbacks until the end of the trend signal appears (see above). So based on all above your question can also be reformulated like: - from were a pullback of a trend starts? - out of wich pullback should we see a possible end of trend? :doh: ... Ideas/agree/disagree? :\

Thanks will check it out. Did not know about it.

True, I trade only for 1 year ... around first half of it on demo account the rest on live mini account, but spent lots of time learning to think as a trader from a good source, by means mostly through technical analises of course also some basics regarding fundamnetal part to. That is the reason why I ask it, but can assure you that these are mostly terminological, do not wish to use them wrong in TL ... thanks for your time for explaining the means. ... suppose this tipe is mostly at equities (shares) for instance where you have to count also on gaps between candles = slippage. At currencies (forex) more or less slippage involves then the modification of spread, am I right? Here you also refer to broker fees to: - at forex slippage is included in spread - a shares there is beside broker fee also gaps that can make stop orders to be jumped over ... so in a forst case you lose more than the risk you were counting on True, but I suppose you do not make things like that, having a money management, for example is we consider equities(shares): - 1% risk of your balance / each trade you make - risk/reward ration to be no less than 1/2 (win two times more than you expect to loose) ... of course positioning the stop in right place is a must By doing this you won't loose only 3% of your balance if you catch first three to be losses ... and if I mention losses ... that is why I think on doing automated trade in time ... to reduse the probability of losses ... test and optimise strategy for specific share of currency pair ... but want to find a broker that also gives data I can use for backtest and also for trading ... I heared that there are traders that are using data from one surce and trade through other source ... these need lots of care ... and with all this care I do question if they are right ... :missy:

You mean to sell it to a firm? Slippage? How does this manifest? Does it mean: I have a stop placed at a trade and then I loose more then I calculated by placing the stop ... because the stop goes by an unknown fact in the not desired direction? Draw down? Does this mean loss from balance? You mean I get hired because of my strategy ... and later on if not works got to go? ... I think better then make an own firm if you wish to do it through a firm

I agree, but there emotions more or less can be recognised also by software, for instance "key-reversals". If you test some of these and for instance combine it with lets say near "psychological" levels and ad of your choise "salt and pepper" you can come up with a strategy that with backtests can show you that: it worth trading this share using this strategy ... so why not put it on automatic mode ... with money management in view all the time ... This way you can concentrate on other aspects of the market that are more "emotional". I agree, should be supervised and turned on or off if required, but ... if for instance backtest shows that one of your strategies works on a share ... you automate it and ... let's say you make a rule to stop trading that day if your losses reashed a level ... and start again next day ... results of the backtest makes you go "deaper" in winnig ... and of course you freeze it ... on an other rule u make ... for example: 3 consecutive times stopped because of loss limit ... Agree here to, you sould wach charts all the time and make modifications on your existing strategies ... or make new ones ... following the market ... Summary: you can save time and money with automated trading in my oppinion ... true ... it needs a charting package that is flexible enough for all your thoughts ... and has reasonable fees ... do you know one for chance?

Torero said: "Slippage and commissions will eat it alive. The feedback from traders in TS forums have confirmed this." Can anyone tell me how these slippages happen? Does it mean that I place a StopLoss for a trade to define a Risk then this Risk will end up being higher that I wanted? What makes this happen usually ... please fill me in, this is new for me ... Thanks.

1. DOM? 2. Which broker do you use then for trading? :-) Do you have more accounts at different brokers for trading? 3. Does it worth for you to open an account for $5K and use their data for charting purpose? I suppose they should have a good charting package then ... do you use Tradestation service for supply of data also, or you get the data from somewere else?

Forsearch ... the TL's Broker review: http://www.traderslaboratory.com/forums/broker.php?do=show&did=2 makes me believe that it is not the one I'm looking for. Data in not so reliable, and the slippage (noted and posted by MC On 03-08-2008) does make me fill unsure regarding if it is a good choise for autotrading ... Do you know something regarding this slippage? I see from your posts that you use TradeStation (05-20-2008, 08:07 PM). Does it realy makes your stop position move from the appointed position? An other question ... I read on there page that minimum daily equity balance of $25.000 is required for autotrading (4 or more trades in 5 day period ) so I need $30.000 if like to trade for $5000 ... do I understand it corectly? Thanks in advance. Joseph

Hello there, I would need some advice from you guys: Briefly about me beeing new in TL (recently signed up): I'm studing trading for a year already and practice on live account to for half a year ... I'm looking forward to do some automated trading (first lot's of backtests of course) ... Question: 1.Wich broker company do you advice for automated trading? Broker comany: one that gives data I could make backtests on and also make trades based on same data through the same broker comany, data is as much as posible accurate, customer service can be more or less used (I could ad things like thight and low speads, or mini account possibility ... but know that compromise must be made at some point...) If there is more than one you think I might look at please let me know all. Thank you in advance. Joseph