Seems to be a lot of quote pblms going around. I showed the S&P at 26 yesterday at one point. Pretty much screws up your analysis unless you're willing to get in there and edit, if possible.
Getting upset because of one sentence in a press release is like getting upset over 16 words in a state of the union address... From what I have reviewed TS is not fully automated and does cost more. Neovest is also more costly but it does look fully automated. Bottom line, the software works, it is affordable and it is indeed a good black box trading system.
Raven worked as advertised today. And no quote problems either. Did decently in opening orders today, 9 fills. That was probably more than I could have comfortably handled manually. I did watch it like a hawk, but resisted the urge to take over. I am pretty sure Raven did a better job than I would have. I am confident I would have exited my winners too early. I am hoping to soon have enough confidence to let Raven handle the opening orders while I try to put on some trades of my own. I let a good short on LEH get away from me this morning because I was too involved watching my opening orders.
There is no such thing as a "stolen strategy". Anything that can be done has already been done before! Front running, now that's another matter, but you can even make that work to your advantage too if you find that is the case. Automation is not an edge, only a way to expose your edge to more opportunities. You have to be a good trader to begin with to take advantage of automation.
I disagree with the first part. I know for a fact that part of my strategy is not being done by anyone. If it was stolen I would no longer get fills. IMO people who don't believe there are secret strategies have just never found one. The last part I do agree with though. Automation is a great tool, but without experience it can be very dangerous.
Yes, the generalities of a strategy are not knew, but the subtleties of how someone trades it can be proprietary. For example, arbitrage is not new, but the instruments traded or the way they are traded can be someone's edge. When those details are coded into software and put for sale on the internet, it can dilute it to the point of not working anymore.
self congradulatory comments.... sometimes realism with realistic examples of your own success with these techniques adds what's missing...creditability....
Uh....what? I wasn't commenting on my trading, I was agreeing with Dustin's comment that some strategies can indeed be proprietary and that if they are made publicly available, the strategy can lose it's edge. I used arbitrage as an example, because it's particularly susceptible to being affected by more participants in the marketplace.