Recent content by markies21

  1. M

    Day Traders Meet/Club - Melbourne, Australia

    Wow - how ironic !!! +1 for a Melbourne meet, in the Western suburbs even better :)
  2. M

    Prop Shop in Melbourne Australia

    Wow good on you :) .. I didn't realise people still read this thread !!
  3. M

    ASX $500 minimum order size - how does it work?

    Look up Stephen mayne in google. Trying to see how much a similar portfolio would cost...
  4. M

    Prop Shop in Sydney?

    Is there anyone coming from interstate?
  5. M

    Prop Shop in Sydney?

    I didn't get an interview :o( When did you apply?
  6. M

    ASX $500 minimum order size - how does it work?

    True, if you're trading I would not recommend buying $500 worth of shares. But, there is *some* advantage in very small holdings. If you're an Australian or New Zealand resident, you can take advantage of retail Share Purchase Plans. For the cost of the share(s) and brokerage, you get a free...
  7. M

    ASX $500 minimum order size - how does it work?

    I've been chasing ASX and Commsec, this is what I've got so far from them... - From the ASX, there is nothing in the ITS (Integrated Trading System) that would force partial fills to become full fills, and they will not forcefully reverse a trade if it is <$500 because of a partial fill...
  8. M

    ASX $500 minimum order size - how does it work?

    So: - governance = enforced - guideline = not enforced How is it enforced?
  9. M

    ASX $500 minimum order size - how does it work?

    Exactly, the question is still unanswered. Can someone please answer the question? No trolling please.
  10. M

    ASX $500 minimum order size - how does it work?

    The $500 minimum is documented here Australian Securities Exchange - Wikipedia, the free encyclopedia under Marketable Parcel but is also listed on your brokers website (ie Commsec, eTrade etc). So back to my original question: How does the minimum trade size of $500 get enforced when a...
  11. M

    ASX $500 minimum order size - how does it work?

    The minimum order size for the first trade in a company listed on the ASX is $500. How does the minimum trade size of $500 get enforced when a partial fill is received and the order is subsequently canceled (ie because the trading day ends)? Does the order get bounced (reversed) or is it...
  12. M

    Prop Shop in Sydney?

    LOL. Given the lack of response to this, there's probably no girls reading this forum either!
  13. M

    Automatic Pattern Search

    Thanks Fobos... I've not given up on APS yet - but I think I'm 80% there... May try it out in some less sophisticated markets like Skippy stocks on the ASX200. I think most of the patterns that used to be profitable to trade have been ironed out ever since computing power became cheap - but...
  14. M

    Automatic Pattern Search

    Big pattern search Hello Bill, I've run the pattern search again using these parameters: -> 112 pattern search -> 4% profit target, 6% stop loss -> Min 30 patterns -> PF >1.5 -> Percentage Profitable >75% -> 10 stocks listed on the London Stock Exchange -> 1000 bars The test took 10 hours in...
  15. M

    Automatic Pattern Search

    Hello! Hi Jimbo, I tested the product myself this weekend, back-tested 10 randomly selected FTSE stocks, 1:1 risk reward, 5% P/SL, 66% profitability, >2 profit factor, >20 trades per pattern, 500 days. When I walked forward the results a year, the average profitability was 48.5% - below...
Top