Who are they? Fund managers. Everywhere I read that if a fund makes a 20% return every year it is considered to be a very good fund. Well, I would consider that a low return, since, as you can also see from those real money trading tournaments, we can achieve 100% per month.
Me just excel and vba, but that's all I could learn because I don't have a programming background. I find it great, but I can't compare it with anything else.
Thanks for the info, it all makes sense to me. Personally, I never noticed any delays from IB, but I only buy 1 contract at a time, and by "delay" I am speaking of seconds, not milliseconds (and so). I mean a delay that someone who's not expert in this "latency field" could notice.
Jack how did this automatic system suppress the short signal which may be generated by the fast stoch and volume (see circled area in the attachment)? I note that the slow stoch had made it all the way across and the MACD had crossed over above zero.
Here's another question. I'd like to see a pre-system study and observational result that proves that his "deductive theories" are true. I don't care much about his STC or other models he has. I just need a a sound observational (meaning tested proof) that his "theories" are what he claims to be. Obviously, a situational "so-and-so" is making money by trading my way is not going to work, due to it being inductive. PS. I'd like to note that I am not bashing on jack hershey. I'm merely providing him a place to make intellectual responses. Also, I'm not going to bother following his posts around like he says about another thread. The discussion proposed stays within this thread. And going to keep it that way.
OK... here's a few things... 1. Algorithmic trading (execution models which broker offers clients like VWAP, TWAP, Pounce... etc. etc. ) are usually used by funds that trade a long time frame, like asset management companies and etc. Before Algo. trading, asset management firms would call the broker using "Worked Orders" which allowed the sales trader to execute the orders using their discretion. So an example would be, "Buy 1,000,000 shares of XXXX, Worked by today". The sales trader would receive the order and use their discretion to execute the 1M share order by the end of the day, at the lowest price as much as possible. These days, models took over that role by sending split order within the day to provide the client with the best possible execution. 2. Most of the Hedge Funds use institutional DMA on outright trades or trade through Stat. Arb specific Swap accounts. The difference is the leverage of the account is allowed. Outright trades' margin is the value of the single trade. For stat. arb / swap accounts, it's the cumulative value. 3. There are other types of accounts, catered for the clients' need. Some firms may have a separate account for holding stocks that they want to go short, instead of paying and looking for one on the broker's short list.... Anyways... there are a lot of things institutions do that provides the funds some edge that retail firms don't.... It's a very different environment.
Per your Q, a chart is posted for the interval of your circle. Four signals appeared and they related to other than the "channel" level of the "basic" Cash Cow ATS. As shown signals do not an ATS make. Raw Information comes into an ATS and several themes result: The carrier, bells and whistles to create parallel degrees of freedon, the filters to steer on the non stationary window main event under way, gates to narrow the steering to a minimum number of degrees for sufficiency to give certainty, and decisions to go to output actions or prevent any outputs to the execution platform. We have over the five bars, 19 status information elements and four signals. And a completed ATS routine that Brought specific closure and a new status within each bar. Your conclusion about what happened over the interval is RIGHT ON AND VERY VERY EXCELLENT!!!!! HOW is the query. Status is used in two ways. And status is like a wall on two levels. One is an inner wall that keeps the profit segment rolling along. It is interrupted by signals relative to end effects of profit segments. And it is known that, deductively, an end of one segment is the beginning of another segment. The outer second part is the housekeeping with regard to being in the trading fractal and NOT doing anything messy like jumping fractals. All of induction is not fractal sensitive since it deals in non theoretical logic that is devoted to statisticulating with raw data and Craying it to death as fast as possble and sprurting in as low a latency manner as possible. Our illustration is making 50 points a contract for up to non partial fills of 500 contracts. Soften it to 10 actions with 400 contracts and multiply by 50 and 50 to come up with the extraction for the day. The number is 100 and four zeros after 100. Two commas are required. HOW is a million dollar question and you asked it and two walls achieved your conclusion of what. As you see there are no loose ends or uncertainty since the status (19 info status shots) is determined robustly as they say. The four lousy signals did not apply to trading on the channel fractal, so they were walled out. Cash Cow Basic will go to Cash Cow Basic Supreme then cash cow intermediate (traverse trading) and finally cash cow expert (tape trading). Basic is around 2 to 3 times ATR as you see, Supreme will take the flutter out One in staed of threse rversals at channel overlap beginning 10 becomes 6 which is within Basic's 4 to 7 trades. Intermediate goes up to 15 trades and expert is 20 to 40 as expected.
MY CHI or NYC my recollections are of after market get togethers during the week that focus on two things: the market is one of them and the ratios are good for the other. One guy who may be reading this said to a third party in CHI one such evening: "WTF, you just got a card and it took me a year to get one." It was a very funny moment for all of us...... Lets move on. Old school traders don't do much of anything as I see it. An ex President of the big SP contract floor expressed to me a couple of comments that went like this " I stayed up all night thinking after that session yesterday" also " You two guys are red Masserattis' just off the line and I am a "59 Buick"... Lets go to the Vegas Expo....... you see from left to right: Netto, Anderson, an ex GS and a guy who went through the 9/11. four in a row. They ALL have their programmers sitting somewhere and Netto's is standing in the back. I know Anderson's car from Italy is running four months late and it is CUSTOM all caps. The moderator (Owner of Expo) is only going to do Q's for fifteen minutes and they ALL shut him OUT. Netto is laughing at the GS guy and going at a mile a minute explaining why... Business is done Afterwards and it involves whales and other experts. Go to the NYC Expo........ same panel some new players and some "regulars". Laying off 8 digit money is on the table afterwards. They (we) keep in touch by cell. During live trading session I am sitting on the floor below screen and Netto is acing live trading against some "vendor CEO" who fucks up badly and Netto and I are doing hand signals..... At the end Expo staff swipe my name badge I take out of my posket and ask: "do you want to do this next year" The conversation is in 8 digit layoffs after the session. The last digits of my cell are: 7, 6, 5, 4........ That's the scoring hold series for PVT trading. Programming, I feel is not too swift, by the old schoolers. It is a very hot item in about 30 ways for the contemporary experts who are on point and cleaning up in the markets... Pointone just asked a "How" question relative to "what" he saw. The "what" happened over and over on the chart. I'm sure he saw the logic flow sheet when it was originally posted and corrected. I think pointone has the picture: the core is actually the Basic "channel" level where the big profit segments are the foundation from the Hypothesis SET Then intermediate and expert break up the big chunks into 3 or more smaller MORE profitable segments as a fractal shift is done at each level of iterative refinement. So pointone examined a chart. 10 actions. 10,000 extracted for 4 contracts 100,000 extraceted for 40 contracts 1,000,000 extracted for 400 contracts. On Fridays you sweep the accounts and shift the profits down to a slower way of making money, all using the same hypothsis SET in different markets on different fractals. Lets say Travis codes up the PVT for stock position trading.. Let's say Pointone codes up the indicator Cash Cow Basic. let me get to the rest of your Q's and scepticism.