Styles are quite the opposite, I only check open positions one hour before end of session on last trading day of week, do get a printout of new trades on Sunday at noon. I had developed HFT for Crude Oil, and although if filtered low enough, it could do 1000+ trades a day, but the more trades the smaller profit targets, so I have reset mine for larger targets and happy with less trades.
Yes, if you can configure it with parameters to change the average time-in-trade, that would allow you to tune it to trade for larger profits so as to avoid the "death by commissions" effect. I created an S&P system once that had a straight-up equity curve.....until I applied commissions...then it was straight down...:eek: It's very important to keep in mind that the longer the "time-in-trade", the more volatile the equity curve becomes. Rick Santelli on CNBC had mentioned one HFT trading firm that had ONE losing day in 3 years. He was all over them about being unfair and the need to be regulated....because human traders could not compete.
The red metal up a penny this morning (May contract). LME stock levels may be finally leveling off. 253,375 tons was the report today.
Copper down 3 cents this morning. A good reason may be the increase in the stock level at the LME. It soared to 271,750 tons....a big jump from the last 2 days.
Huge reversal today - Copper now up 3 cents. Reason: Jinchuan furnace outage will cut copper, nickel output for 3-4 months Mar 19, 2014 - 09:31 GMT Jinchuanâs declaration of force majeure is likely to see the smelter reduce copper output by 100,000 tonnes and nickel output by 30,000 tonnes, according to a source doing business with the company.
LME Stock levels moving up to 265,700 tons. That should keep a lid on prices. Asian equity markets all up nicely. As a result of this "mixed bag", CME Futures are sideways this morning.
5 cent rally this morning. LME stocks at 263,675 tons, pretty much unchanged from yesterday. Reason for the rally ? Certainly not this news: http://www.amm.com/Article/3322715/Nonferrous/Global-copper-market-logs-34000T-surplus-in-Dec-ICSG.html
dr-copper-is-waving-a-red-flag Indeed...it's all about China and their Shadow Banking, Shadow Lending, Shadow Inventories. There's no transparency....at all. China is one big shadow.....and copper is now reflecting that fact.
copper-seen-stuck-at-3-by-chinas-stimulus-dilemma Copper up 4 cents this morning. Check out the above article. The big move down is likely over, but any mini-rallies should be seen as good short-term trades on the short side.