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Strategies & Market Trends : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?

To: Eric P who wrote (251)	5/25/1998 12:35:00 PM
From: Ichy Smith	Read Replies (1) \| Respond to of 1729

I was reading about your program, I think that if the brokers in the US, (I am in Canada) are anything like the brokers here, they have stocks that they are pushing. A program that automates trading in order to maximize profit for the investor, eliminates the need for their advice, and doesn't allow them to push the company "product" if you see what I mean...... Thus the small investor, who doesn't have as much access to information as the investment houses might find your product of real value.

To: Eric P who wrote (251)	5/25/1998 8:19:00 PM
From: Darren	Respond to of 1729

Do you know where I might find out more about these programs? Could someone who has used these programs please comment on them? I have used Market Spotter...it basically lists a series of stocks (maybe 10) in a grid, and the columns are as follows: Stock Bid Ask MM Book Bid Book Ask Volume Stock 1 Stock 2 Stock 3 When a stock is crossed down, it goes bright red. When a stock is locked down, it flashes dull red. Green for up, bright for crossed, dull for locked. One of the problems with Market Spotter was that I couldn't select the stocks in the list -- it was determined by a programmer somewhere; wherever the feed came from... Also, it was the volume that turned out to be important. A stock crossed up (bright green) with volume of 250x50 meant that there were 5 buyers for every seller. That was usually good for 1/4 point move... People traded off the spotter all day, when it worked, with mixed results. I think the MM's found a way to give false positives/negatives for this type of program and hence fooled a lot of traders. On busy days, it was like printing money. On slow day,s you took your chances...