Recent content by wheresthejelly

Just wanted to update everyone here and thank some of you specifically for things I've learned while reading this thread since I made the original post. I started trading live my completely automated mechanical system in late October 2012. I am now up 12% since then with a 5% drawdown so far...

Thanks bbmac! I think we've got a good thread going so far. I'm starting to think Tenet #1 and #2 should be combined. Basically, humans are fallible and inconsistent. Mechanical systems have trustworthy consistency and do not succumb to any emotions. This is a GREAT point that I should have...

I find a lot of posts in this forum are asking questions rather than providing solutions. So, I'm going to provide what I believe to be the major important tenets of a mechanical trading system. I see a lot of confusion out there about what makes a mechanical trading system successful. This post...

I backtested my system across all kinds of time frames dating back to 1990. I've backtested across 1 year, 2 years, 5 years, and 10 years all with different start and end dates. My system simulates very profitably over each time frame. After noticing the slippage I get on my actual trades, I...

Ideally, I would like to be the first trade in for the day. However, that's not possible. I'm developing a system that requires entering trades at the open price. I've been trading this system for a month now but only with Market orders submitted at the open. The slippage is deadly, and slippage...

I agree traderman1. I know I am small fry in the market, and there's no chance I will be the first trade of the day. However, is there some way to have Trader Workstation observe the opening price and then 0.002 seconds later, place a limit order for that exact price? For example, the first...

I tried placing a market order for 50 MSFT at exactly 9:30AM. I basically hit the transmit button right when my atomic clock struck 9:30AM. The order filled at exactly 9:30:10AM at 26.96. The reported open price for today is 26.96, so that seemed to work. However, I want to have Trader...

Hello all! This is my first post, and I know of T2W's vast knowledge base of the users. Thanks in advance. On to the question: I developed a trading system that requires entering trades at the open of the trading day. I've implemented the system with an API through Trader Workstation with...