Fair enough, but then why is their affliation with the bat system not stated on thebatsystem.com? Like I said, I'm taking a neutral view of them - just trying to figure out who they are given the webpage. To be fair, and with all due respect, the fact that they've been advertising with you for a number of years (and presumably clearing their account with you) doesn't make them legit per se.
They don't clear anything for me. Neither does any other firm on this web site. Now, in terms of their affiliation, it's very simple. Trade Ideas provides the technology to process incoming data market data and then generate signals based on user-set criteria, and JC provides the brokerage services that allow trades to be automatically made based on those signals. As to why their affiliation isn't explained in more detail, I have no idea, but perhaps that's something they can improve on the next iteration of their website based on your feedback.
It seems you can't get past the one issue about the amount of time it takes to run a backtest using The BAT Tester. When we use the term "tick data" we refer to the data used during a backtest that pinpoints entries and exits to the exact tick (price). From our partners at Trade-Ideas website: "Tick data refers to any market data which shows the price and volume of every print. Additionally tick data often includes information about every change to the best bid and ask. The most common alternative to tick data is candlestick data. Although the charts may be drawn different ways, it is common to compress tick data by grouping the ticks into candlesticks. This compressed data is more commonly available than tick data because it requires significantly less memory, bandwidth, disk space, etc. In addition to the computer hardware involved, most people can only take in a limited amount of tick data at one time. Tick data is essential for certain types of analysis. Our software requires tick data primarily to separate the noise from the real trends." More on The BAT Tester, powered by Trade-Ideas: The âBAT Testerâ is not a green light â âbuyâ; red light â âsellâ black box system. It does not attempt to predict the future price of stocks. It also does not replace a traderâs ability to manage risk in the form of money management, position sizing, etc. What it does do is help a trader figure out which BAT System strategies that a user creates is a high odds strategy of success â one way we define success is a strategy thatâs most in tune with the market and demonstrating more winning trades in recent days than losses. Think of watching poker on ESPN and the ability to see the probablity of what the poker players are holding and who has the better chances of a winning hand. The information is not a guarantee of winning but it does gives you a better idea of what to do â stay in or fold. How is the The BAT Tester different from TradeStation, MetaStock, Wealthlab, or other products that let you backtest strategies? These products generate their share of followers and are good tools for a particular type of trader that prefers creating formulas and programming detailed code with which to test strategy. These tools are difficult to use and frustrate most people who canât get past the manual. We understand how hard it is to program and backtest. We avoid this approach that uses a micrometer to measure a mudpuddle. The BAT Tester's strength is in its simplicity to use - a design mantra we always adhere to. Additionally in those products you test 'single securities or complete portfolios'. The BAT Tester evaluates the entire market, meaning multiple stocks at the same time. Right away you will know if your strategy set-up produces high probabilities of winning trades given the current and most recent market conditions. We stand behind our claim that The BAT System allows traders to develop, backtest, and autotrade advanced algorithims without any programming experience. There have been no false, misleading, or unethical claims. Again, we invite you to either email/call/PM us your email and phone number and we will be happy to walk you through a demo. During the demo you will see the ease of creating, backtesting, and autotrading strategies.
WOW....I can't believe the patience that these bat guys have . Is this what elitetrader is all about? ForAPlus: google is your friend. I was able to find out that information in 1 minute....quicker and easier than it took you to type your first post. amazing.industry...It is clear that you don't approve of the bat system....but how can you make such outrageous claims if you won't even try it. Even worse....you refuse to even go to the website.
It's called "arguing for the sake of arguing" and it's not going to be tolerated here, especially when I say to call it quits. And his entire argument of how they can provide such technology when hedge funds are spending millions on it is completely absurd. It's like trying to say that it's simply impossible that Amazon EC2 can provide anyone access to virtually unlimited server resources in the cloud because if it were that easy, big Fortune 500 companies wouldn't be spending millions on their own server infrastructure. It's called progress.
New blog post: Working with NASDAQ Market Velocity And Force Data http://www.thebatsystem.com/working-nasdaq-market-velocity-and-force-data/
Are you now able to backtest more then 30 days? Do you offer the bats system for free to your traders or is there a fee?