Program Trading

Discussion in 'Trading' started by bronks, Jun 3, 2006.

  1. You know, I was gonna ask if this service provides any benefit. But I realized that if I was using it and it worked, I wouldn't be tellin' anyone. So whatever...feel free to comment if you like.
  2. bump
  3. sure it does, that's why nasdaq mms, floor traders and specialists, are usin' it, innit.

  4. ROR?...

    return on revenue? I don't think that's what you meant.
  5. john99


    you could also use:

    I know some guys use it as an alert, and that it does work sometimes, however, I think reading the tape and pit noise/broadcaster are superior. I'm wodering what the P/L and win/loss ratio is for the guys that automate trades using this strategy. I'm guessing tick reversal strategies intertwined in some other indicators would be a better strategy.

    I would like to be the first to make an indicator off of pit noise, that measures the pitch and velocity of the sound coming from the speakers, wouldn't that be cool!
    It would probably work best for exits and fades, I think the entries would be harder to do, maybe we could just have 2 accounts and play a long/short strategy, and cut the loser off after we've rallied 11% on a fib, and then put in a trailing stop on the open position with a 20-23% fib target to be safe. I'm kidding.
  6. john99


    raughing out roud,,,

    We could use htz/msec that could be divided by overall time of the initial event, and we could incorporate different levels of measured decibels for exits. Also we would have to use a time forecaster, I've noticed most initial high velocity breakouts on 1 hour time frames take up half or 2/3 of the move and the that most rallies last no longer than 15min, than have a pullback. So entries would have to occur during the first 5min of the move to expect a small scalp profit. Just playing
  7. I must be getting old.
  8. john99


    ROR=In internet slang, ROR is a corruption of LOL. It stands for "raughing out roud", and is popular at Kuro5hin and Slashdot. Some refer to it as the "Japanese LOL", making fun of Japanese pronunciation of 'L' consonants, popularly known as Engrish.

    From Wikipedia(I love that site)
  9. Thanks John, I feel so un-cool.

    So is Bitty laughing with me or at me? Sometimes I just can't understand that boy.
  10. john99 can you please define what you mean by pitch and velocity?

    Considering that the aural output is non-monotonic, I gather that by pitch you are referring to an average pitch (average-frequency assuming your broadcaster's transmission is of a reasonably high enough fidelity such that this reading is not compromised). You could get a little more advanced and determine the power spectral density of the signal.

    But what do you mean by velocity? Rate of change of (average or median) frequency perhaps?

    Does any of this work? I don't know. Rumour has it that Rentec has hired at least one person with expertise in Speech Processing to work on such an animal. Then again if this is true, Rentec would have their own audio gear and feed from the pits.
    #10     Jun 4, 2006