choubix

Interesting post. Anybody knows how much modulus cost? thanks

Hello, I am interested in automated trading. I've been trading equities and fx for a little while with reasonable results and I believe it is now time to put some science into my "educated guesses" I wanted to seek some advice from experimented traders having (or being in the process of) automated their trading. 1. data: where to get between 5 to 10 years of historical intraday data on the cheap? (heard that it is possible to download data from IB using multicharts over time. great option if possible but a bit slow) 2. software: I am keen on multicharts (easylanguage, can be pluged intoIB... I've just downlaoded their "lite" version that is for FX) however: how does it fare in terms of backtesting abilities? is it possible to input the cost of brokerage and cost of leverage (easily) in a model ? how difficult would it be to apply optimal f to strategies? does it allow Zscore/ Pearson correlation coefficient and MAE/MFE analysis? Where to find ready made strategies to see how they are built? (that would allow me to get started somewhere...) Are there any better alternative to IB+multicharts? (not really keen on MT4, I have read countless posts on brokers backing MT for all the wrong reasons...) Thank you for reading my post, looking forward to reading your answers! +++ A.

actually I also made a mistake as I wrote : K% = (0.45 - 0.55) / 2 (where 2 is derived from 2,000 / 1,000) when actually it should be: K% = 0.45 - ( 0.55 / 2 ) which returns a positive result (17.5% as you mentioned equtrader) Tks!

Thank you for your post Equtrader. I've printed the document and will read it in a short while! Happy new year to you. +++

Hello Dr Lo and thank you for your answer, I am not familiar with some of the books you mentioned so I'll definitely go down to the bookstore and check them out. I already have one of Van Tharp's book waiting for me on the bookshelf. (I've read some reviews saying that, since he's more into psychology and not trading it is not too "relevant" but still provides a good foundation) Btw: If any of the TL's forum traders know a good book that explains how to design, backtest and use an ATS, please let me know. I'd like to try my hand at that (will take some time though!). Thank you and happy new year to all! +++ Al

Hello everyone, I am currently reading about the Kelly formula on various website. I now understand better that money management is a powerful tool to use when trading. However something escapes me: Assuming one has a trading system tat delivers a positive expectancy BUT there are fewer winning trades than losing trades, how to use the kelly formula?? e.g: winning trades : 45% losing trades : 55% average win: 2,000 average loss: 1,000 expectancy is positive with : 0.45 * 2,000 - 0.55 * 1,000 = 350 Yet the K% would be negative because there are only 45% winning trades. K% = (0.45 - 0.55) / 2 (where 2 is derived from 2,000 / 1,000) Is there a more "refined/updated" Kelly formula that addresses this issue or this kind of bet should be considered a bad trade and should be avoided ? Thanks!

Hello everyone, I am new here and I'd need some advice from experienced trader as per how to get started a bit more seriously. I've been buying/selling shares and FX for a few years with various degrees of success and I'd like to put a bit more "science" into my trading. Also, what do you think would be the best books to read now to get a feel of good trading strategies for (intraday) FX, Futures (I am not familiar with them as I have never traded any but I understand the leverage...) and shares? I intend to open an account with TS or MultiChart/ Amibroker in order to backtest those strategies and use some money management system from day one. My intention is not to turn $10k into a million bucks and strat writing books about it (even though I'd love to see this happen! ) but at the very least to get some good foundations in trading that I could leverage on over time (and perhaps develop my own semi auto trading system). Thank you for your time, +++ A.