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Pastimes : Dream Machine ( Build your own PC ) -- Ignore unavailable to you. Want to Upgrade?

To: Clarence Dodge who wrote (853)	5/25/1998 10:58:00 PM
From: Street Walker	Read Replies (2) \| Respond to of 14778

Automated Daytrading - - I would like to get my hands on this! exchange2000.com After trading as a hobby for 10+ years, I am transitioning towards full time Nasdaq daytrading for a living. I have been in 'intensive study' mode for the last 8 months setting up my system to daytrade (out of an office). I began by integrating satellite datafeed from PC Quote into a realtime expert system. Using the expert system, I am able to scan the level II and time/sales data all 3000+ Nasdaq stocks based on any parameters or market action that I can define. This has proven to be very beneficial, since it was very difficult for me to find a 'perfect' entry point manually, watching only a few stocks at a time. Finally, I have just recently incorporated realtime automated order placement and trade management to enter trades much more quickly than I ever could by hand. (Using Castle Securities for my trading). I believe automated order entry and execution offers a tremendous advantage because it saves me ~4-10 seconds of time that I otherwise would have spent setting up and verifying an order. I have programmed into the software my rules to choose between a SOES order, SOES with price-following, SNET preference and ISLD orders based on the current data. The proper order is instantly evaluated, placed and hopefully executed. In addition to my "real" account, I have set up several dozen papertrading accounts to test other trading ideas. This is very useful, even though I can only test market orders and the results have to assume that the order would have been filled. Anyway, after several recent weeks of testing the integrity of my order placement and execution system with fake stocks (tickers TEST and TESTA), ==> I started the system for my first live automated trade this past week in MSFT (it made + 3/8). I hope this post has stimulated some thoughts and ideas for the benefit of all. Although, I am far from the developing the "perfect" system, I think I am almost complete in developing my "perfect" trading platform for fast automated trading. The power of satellites, computers and Internet trading!!! LOL! I would be interested in the thoughts/ideas other serious traders. Comments?? Or if you are a serious trader who wants to exchange information privately, please send me a private message or e-mail. Good Luck! Eric (ericpatterson@erols.com) Eric has been flooded with messages and emails. Read all his posts before flooding him further. He is looking to market this product after figuring out a way to get some money to do it, and to make on it!