Regarding the technology question: I currently use Indigo on a notebook computer, 120 MHz Pentium, 1.2 GB hard drive, 28.8 modem. The system works sufficiently well, although I'm considering an upgrade to a faster machine to process the data for trading as quickly as possible.
I don't think you need the fastest computer out there to run the software, and whatever modems they bundle these days with, say, a 400 MHz computer--perhaps a V.90--should work fine.(Connection speed is much less important than number-crunching power you'd get with a fast chip and big hard drive. The downloads of data from Reuters only take a couple of minutes anyway.)
With respect to the signals issue, you can set up the system to generate instructions to buy/sell at today's close, tomorrow's open, and even tomorrow's close. Because I work during the day, I only use trading models that issue buy/sell at tomorrow's open signals.
Not sure what you mean by "gaps." Generally, if the market pops in the morning, like it has for a while, and then falls off, you've sold your previous position and used the proceeds to enter a new one. Over the past several weeks I've received a better price for my sales in the morning than I have for buys as the market surges in the morning then drops. The strong sale and weak buy cancel each other out.
Best regards,
Caleb |
