ATS - formula for day trading

Discussion in 'Automated Trading' started by novais, Oct 2, 2007.

  1. novais


    My every formula is failing. Attempting to build an ATS; using formula like in a paper trade. Trading on a single index, on day trading basis.

    On close when I see transaction logs - I see spikes (noise) is killing any profit and forcing me in red.

    As usual, buying on uptrend and selling in down.

    Now questions:

    a) Any suggestion how to avoid noise/spikes?
    b) Any good yet lean book which gives formula for a day trading. I saw some pivotel (H+L+C)/3 formula, but need more.

    Honestly, I am left with no energy/time to read long textual contents, just trying to spot simple 3-4 formulas to give a try.

    Please suggest.