Recent content by andrewbee

I too trade 100% mechanically (Dow futures), every hour that the market is open. I could probably make a lot more if I put in the time and work to learn trading from a master, but that's not what works for me. I want to be able to leave my time AND emotions out of it. I am a professional...

I divided the profit per month by the MAX. number of contracts I trade, which is 2, to arrive at the profit per contract per month. In your case Sal, the figure would then be £233 per contract per day x 22 trading days (average) = £5,126 per contract per month. 10 x my figure when converted to...

I can't believe nobody's mentioned this yet: backtest, backtest, backtest. Hone your strategy on historical data. Then forward test it, before ever committing a cent to the markets.

Hi, I am wondering how my profts (per contract per month) stack up with others. I have an automated system trading the YM (paper-trading for now). I am curious as to how this compares to other systems, both automated and manual. I'll go first: I make an average of $1000 per month per...

A mechanical reversal-based system based on fixed stops and limits.

location = UK currency = pounds probability of septicness = zero

My edge is a completely mechanical system derived by empirical analysis of years of backtesting data. My instrument of choice is the YM (mini Dow future). It trades 22 hours a day, completely automatically, via IB. It never gets bored, tired, impetuous, impatient, fearful, or greedy (unlike its...

You say that like its's a bad thing. ;)

I am forward testing a Dow (YM) -based system. It is purely mechanical - no technical indicators or behavior changes in response to market conditions. It has been developed and tuned from 18 months of historical YM data. It has been in forward testing for 5 weeks now. Max. drawdown is about...

Hi, Can anyone recommend any good books (for a relatively new trader) on TA, as it applies to futures trading? Thanks

What nobody seems to have mentioned is, what hardware/Internet connection are you using to run an automated trading system? I have 6 Mbit DSL from AT&T, but it is about as reliable as a chocolate fireguard. Definitely not a trading-grade (or anything-grade) connection. Which gets us into the...

I got him (disktrading) to send me a sample of tick-level data for YM. The only problem was, the time included hours and minutes but not seconds. Seems to me that for a scalping-type strategy, you can't get by without knowing the seconds. A minute is a long time. Anyone had any experience of this?

Hi, I am looking for a simple Java charting program, for viewing historical intraday futures data (tick level). It should import from a .csv file. I don't need many technical indicators or chart types (line will suffice). What I would like, though, is the ability to embed symbols for trade...

Thanks guys. Know what you mean about if you got the direction right your limit order may not be filled. Dumb question: is a tick the same as a point with futures, Arb? Shout out to Leeds - used to live there (now in Chicago)!

What is the average slippage on trading e-minis (particularly YM) ? I am looking at using IB. Thanks