I've built dozens of systems including the one that is working for us right now. What possible motivation (excluding personal sympathy) I could have to teach anybody anything I developed. I have spent 14 years in agony of attempts and failures till I got it working. What do you expect of me? Do you want me to just give you everything I created? Why? So if you are thinking of finding any meaningful book on how to build working successful trading system your chances of finding the lost ark are much greater. The only thing I could say: - "IT CAN BE DONE!" . Pay your dues, suffer and succeed.
What I do is go to the local University Library and browse. For example, the UofC has a day where the public can come in and peruse during certain hours. I take advantage of that. Also some public libraries have terrific collection of Financial Journals - you need to get in your car and start exploring the libraries near by. This is the best way to do it as you will find out if you have the background to understand what is being said. Otherwise it is not money well spent. nitro
There's some decent stuff published, decent in terms that they can lead to profitable ideas after some (in many cases significant) work... Just google High-Frequency Finance, Trading Systems/Models, etc... you are bound to find some PDFs or links to journal subscriptions. http://www.elitetrader.com/vb/showthread.php?s=&postid=742077
Approximately 6 - 8% a month net return on the money. 1 month a year is a looser (not more than an average winning month). The system is 90% robotic with the repair strategy triggered by a decision maker. That is about as much as I can tell.
Do you think I can develop a system using Metastock? I was thinking to get it cause I'm tired of manual backtesting. Any comments would be appreciated.
You mean 6-8% return on investment (leveraged money)? If so, that's 84% return, which is excellent Now it depend how big your account and leverage is