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Fair price for ATS

  #47 (permalink)

Market Wizard
Boca Raton
Trading Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
mattz's Avatar
Posts: 2,423 since Sep 2010
Thanks: 2,348 given, 3,592 received

David, thank you for infusing such a positive spirit about automated trading.

In my honest opinion, it also takes lots of discipline to tun your own systems on without jumping in, second guessing and letting the machine do their own thing. The benefits could be incredible, from trading a consistent number of lots to no revenge trading of "have to make my money back". I also believe that many trader could automate their trading with simple price action, using the NinjaTrader features (NinjaTrader--Tools--New NinjaScript--Strategy)

I am not saying that all methodologies could be automated, but if one can, he /she should try.

As for outside vendors:
The challenge of course is always to over come the "why is it sold?", and to that I have a few answers:
Some developers while have the ability to develop systems, don't have the ability to follow their own systems.
Like I said, it takes nerves of steel to follow...even your own system.
Not all system developers have the capital to trade the system they develop, like your friend who made $500K a day in HFT, I doubt he has the capital himself to make such profits, never the less, a talent.

I hope that those of us who do have a a passion for it, could help each others in this department.
From exploring the automation in NinjaTrader and MultiCharts to evaluating what vendors offer.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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