Traders' Roundtable

Jason is that all inclusive? I guess exchange and other fees are on top of that? Is that for high volume trading? Can you also talk to someone at GS for this price when you have a question or something goes wrong? Which Goldmans: US or UK? Or elsewhere?

Thank you for the reply Bondtrader. On your less active system, does the $11 per round trip include FCM brokerage and exchange fees? I imagine not. I am trading a system similar to the TBB Bollinger Breakout with entires at the market open and stops placed in the market which get changed regularly a...

I use a systems assist broker rather than placing orders myself. I live between two countries and am always on a plane. Were I based in one place I would undoubtably trade myself. But travelling between the two places takes 8 hours and I know I would end up missing signals and rollovers. Also the id...

Indeed, indeed. I had that excellent discussion from the TR list in front of me last week as I wrote the above. In essence Neal Stevens (now of Ancile Capital Management - www.ancilecapital.com) stated his preference for widening out the stops for a more reliable system and trading everything under ...

Incidentally, many of the better test results displayed on this forum (including my own outlined above) seem to have been constructed by overly fitting the portfolio and using very high portfolio heat. I deliberately chose the elements in the portfolio to show an attractive MAR and I boosted this by...

I have been fiddling with my own profit target blox for the Bollinger Band Breakout system. It certainly gives food for thought and I am clearly guilty of not paying enough attention to this area and in particular of not experimenting with scaling out at higher risk multiples - the longer term the s...

I eat my words - with more aggressive targets on a longer term system I am seeing higher CAGRs and lower drawdowns. On the parameters I am using the differences are not so huge but material nonetheless.

Hmm, using R Multiples as profit taking targets rather than an arbitrary target certainly produces some interesting improvements. IE looking at the biggest R Multiple profits your system produces and adjusting the profit taking target so as not to cut these short..................but so as to also n...

I should have stated that my testing was of Bollinger Band Breakouts using long term MAs. With and without profit taking, testing a single version at a time.

Retail or not, Ab is really no more than a generic system mentioned in books from Kaufmann to Le Beau and Lucas under the general concept of trading envelopes. And it can be tweaked to show some very nice profits indeed over the past two to three years. Re profit taking, Jerry Parker apparently does...

Perhaps my letter has got lost in the post. If and when it turns up I will tell you what I think it means!
A

BARLI, I do not know under what circumstances you received such a letter. I have a futures account with Refco Futures in Chicago and received no such letter. In any event it is my understanding that a) client funds at Refco Futures were properly segregated and and client funds are therefore safe as ...

While entirelyagreeing with Sluggo's sentiments, I have to add that if you search on www.traderclub.com under "Ryan Jones" you will in all probability find coding of what you seek in one or other language which is "human readable" enough for you to be able to get the idea and to ...

No, it isn't that dark. Yet. Refco LLC the futures division is supposedly relatively unaffected by the fraud and is executing business and accepting/returning client funds normally - or at least so I was told. The entity/entities closed down are the securities and prime broking arm(s). Trouble is, y...

I have a securities account of long standing at UBS - think I'd better double check the paperwork...............but lets face it Sluggo, if the **** hits the fan its a no win scenario for any client in any bank or company. The list of scandals and bankruptcies throughout history is endless and more ...

If I were you matey I'd give high priority to security of your funds. Take a look at the attached spreadsheet I downloaded from CFTC.gov. I'm going to take a good look at who are the best capitalised and least likely to go under for fraud....as if anyone can really tell. Think I'll call UBS!

I have just given instruction to transfer out my T Bills. I have decided to leave cash and open positions there until the waters settle. T Bills form 2/3 of my a/c so at least if I DO get delivery of those, it is not a complete disaster. I have of course phoned Refco but as per their press statement...

Anyone feeling as uncomfortable as I am? Segregated funds, perfomance bonds with the exchanges, FDIC insurance up to $100,000......................................but.

I am sure many of us on this forum keep an eye on Ed's Trading Tribe site: www.seykota.com . For those who do not, I thought I would just mention that there have been enormous improvements over the past few months for those interested in the pure trading side as opposed to the physchology of the TT ...

Dean,
I assume you own TBB as well as Mechanica. If so, is it possible in simple terms and without too much effort on your part to explain what Mechanica can do which TBB can not do with regards to dynamic portfolio selection.