Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
gooni
-
Content Count
77 -
Joined
-
Last visited
Everything posted by gooni
-
A Theory of Market Action: Part IV - The Theory
gooni replied to madspeculator's topic in Market Profile
As I suspect this may be key to determining when liquidity providers have accumulated excess inventory, would you mind explaining why there is the assumption that filling a large order may result in excess? -
Interesting to say the least. I'll withhold further comments as they may be handled by later posts.
-
Was the same buyer and seller - "a market participant appears to have inadvertently traded approximately 200,000 contracts as both buyer and seller"
-
What's that you're trading there that moves 1 EUR for every point in the DAX? Looks good!
-
Synergy - Share a Keyboard and Mouse Over Multiple Computers
gooni replied to brownsfan019's topic in Tools of the Trade
Thanks for highlighting this. I used it for a while but switched to a 'pay' competitor when they stopped developing it (had some bugs). Glad to see it's picked up again, extremely useful program. -
Henry Carstens from Vertical Solutions will trade something similar, relating to the 'control graphs' of his systems. While this is not equity curve trading, it is turning the system on and off based on hindsight, which is similar enough (but probably more sophisticated). He has pedigree as an automated trader, so at least the concept (if not the method) is sound. Malcolm Morley has spoken about his position sizing in the past. Variable Fraction Sizing is what he recommends, and that naturally scales in during the good periods, and out during the bad. The question that needs to be asked, however, is whether: 1. The edge is persistent enough that the 'good' periods outweigh and outlast the 'dips'? 2. Is there a strategy that would benefit from trading during only the 'dips' but not during the good period? To me this would suggest that you've potentially determined a method for systematically deciding on the market condition, and there is no reason why that shouldn't be exploitable in a way. Regarding curve-fitting - well, that depends on the complexity of your strategy :-) If your degrees of freedom are small already, adding another (equity curve moving average or whatever) is not a big deal.
-
It amazes me that reading comprehension has failed so miserably time and time again. Never once have I said that $25/month is too much for data. I've repeatedly stated that the only point is you don't know the demo platform costs money until after you've opened an account - it's a transparency thing. If it cost $5/month I'd still be upset that it wasn't disclosed and is impossible to find out without specifically asking the question, especially for a company that makes such a big deal about there being no costs to holding the account. Don't believe me? check for yourself I'm honestly, genuinely surprised that they would charge anything since they are giving the very same data for free to those same customers for life anyway. I can't see the reasoning. Anyway, clearly I'm in the minority that thinks full disclosure or transparency is a good thing. So be it. I hope my post will at least be useful to someone thinking about opening an account for demo purposes and knowing upfront what their costs are going to be.
-
Only posting to ensure whoever is considering an account actually understands what I'm saying, which is: I have an open, funded account with OEC - I'm not 'just anyone' who wants free data. It was not until after I opened an account that it was possible to find out anywhere on their site that the 'simulated' execution on their platform was not included in everything else that was free. I still think it's a good deal, but as far as I'm concerned, this aspect was hidden because you can't find out until after you open the account. Or read this thread.. And that was the only point of me posting.
-
Honestly, can you just forget about the amount of money for 15 seconds, that's not the point here. From OEC website: "Most software providers charge a monthly fee to use their trading platforms. Regardless of whether or not you actually complete a trade! Worse yet, some software providers actually charge a minimum monthly usage fee. OEC feels so strongly about the value of our software that we never charge a "monthly" or "minimum" usage fee to use the OEC Trader!" Is it just my poor assumption that this would include demo trading 'where you don't actually want to complete a trade'? Where can you find on the OEC website that it costs 24.95 for demo trading? I couldn't find it until after I opened an account. And yes while I tried the demo, I did intend to continue using it after opening an account. For someone who doesn't trade live much, demo trading is important for more than just 14 days. If it costs money, it costs money - it just should NOT be represented differently. Anything that is off that point is irrelevant. Regardless, these are the best commission rates I have received, and the cheapest data for live trading also. I'm just making sure that people understand the extra cost, insignificant as it may be. I don't know about you, but if someone charges me even $1 but is 'sneaky' about that cost, it irks me. When a company goes to such lengths to state they charge nothing for charts and data (but something for demo execution is not mentioned) - well, it's going to rub me up the wrong way. Moving on..
-
If you're on Vista, definitely upgrade, Windows 7 is miles ahead. I use it now on all 'new' machines (not the main trading/testing one yet). It is very fast, installs updates without requiring reboots (huge improvement for a trading machine), supports lots of hardware out of the box and is generally pleasant all round - the antithesis of Vista. If you're on XP, wait til the masses get Windows 7 and see what issues crop up in the first 3 to 6.
-
What hidden costs? Oh let me see.. And if you have an account with them have haven't placed a trade, maybe because you want to make sure you completely understand the platform first? Everyone seems fixated on the price. I don't deny it's a bargain. You shouldn't deny that it's one piece of information that isn't readily available before you open an account, so I thought people should know. I'll still be using OEC for data since that part of things is generous. We'll see.. That goes without saying. I'm done knocking my head against the wall on this for apologists. I just don't understand *why* they wouldn't allow demo trading for live customers for free, when that customer is already receiving the very same data for free. At least someone who was ignorant of this before opening an account (such as myself) will now know. (I'd still have opened my account).
-
Yeah, affordability is obviously the point here :doh: When OEC make such bold claims as to how there are no hidden costs for their platform, and then tacks on this one hidden cost for live customers, well it certainly doesn't impress.
-
Amazing trade man, congrats on the biggest day ever. Last few weeks you're P/L has really shot up. Any reason why this was the 'perfect' storm for you?
-
Except, and I hope I've just missed something, it seems it costs 24.95/month to use their platform for demo rather than live trades after you've opened an account. Good luck testing something new...
-
NinjaTrader is good for beginners but quite limited. NeoTicker has an excellent framework (especially if you want to do things that involve multiple instruments or timeframes), but can be frustrating to learn. Or go straight to the API.
-
Very interesting. Thanks for that information.
-
Interesting point that - I'm using the Zen-Fire API directly through C# .NET and the 'test app' that I was given was Rithmic Trader - so I don't know if Rithmic wraps Zen-Fire or vice versa or neither (Rithmic may be able to use different data streams).
-
It will have a long lifespan, similar to what Java is enjoying and C++ has enjoyed for a long time. And compared with VB/VBA, it actually has a good reputation amongst industry and a huge community. So really, can't go wrong with C#.
-
Of course, I just read that you've settled on Microsoft technologies. If you'd prefer to be pure in that sense, then C# is much more powerful than VB for most intents and purposes. Of course, IronRuby or IronPython are still good lighter-weight options.
-
Hi Frank, In all honesty, a move away from VB/VBA will server you well in the long term. It is a simple language of terms of getting something done quickly, but is highly procedural in it's general approach, and tends to not promote separate of data/visuals/logic through its design. It is also somewhat less powerful than C#. The question about which language to learn is of course dependent on what you want to do. It is hard to go wrong with C# and .NET, especially if you want move into the web space later. If it's primarily file processing or scripting frameworks, Python or Ruby might be better bets (especially if you want to do something with R). As always, consider the right tool for the right job. My general rule of thumb is that if I can do it in a non-compiled fast-development language (like Python or Ruby), then I will - they are just so easy to work with. With IronPython and IronRuby (I believe that's the names), you can even use those languages in .NET. And of course, with Django and Ruby on Rails, they allow very fast web development. But in general, people who prefer UNIX environments for real work (as opposed to a desktop) will like Python or Ruby, and people who prefer Windows environments and point-and-click drag-and-drop visual programming will be better suited to VB or (preferably) C#. Hope this helps.. Cheers
-
Welcome. I'm sure you will enjoy the site. There are a few aussie scattered around (myself included).
-
Today's Low & Mapped Lists in Trade Station
gooni replied to UrmaBlume's topic in Technical Analysis
For those that are interested to know, Zen-Fire does indeed carry microsecond timestamps in their feed. However, I believe the trades are sampled every 10 microseconds, as the difference between any two trades is either 0 or greater than 10 microseconds. -
www.tickdata.com and CQG DataFactory both have KOSPI tick data. From experience, the CQG data needed work (some gaps, some bad ticks), which CQG were happy to do once I pointed it out. Note: The CQG tick data did not have second timestamps for trades, which was a problem for me. It may not be for everyone.
-
Any takers? I'm having a mental blank during the holiday season.
-
This may be a silly question, but I've only just started thinking about it. What happens to S/R levels on contract rollover? I've been predominantly using the eSignal continuous contract symbols (ES #F, NQ #F etc) to determine S/R. But are the price levels for the continuous contract the same as those of the front (traded) contract? What does everyone here do?