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

To: Marc D. who wrote (356)	6/2/1998 9:46:00 PM
From: Eric P	Respond to of 1729

Marc: <<I have a question about your automated trading system. Does it always enter a trade on the long side? If not, how do you go about finding out whether or not your stock can be shorted? Do you scan the candidate against the J.B. Oxford/Castle short list first?>> Although, I have not yet configured the short side of the platform, it will be very straight forward to do. The last two checks before entering a short order will be to verify that the stock is on an uptick (for SOES shorts) and cross check the ticker symbol against the J.B. Oxford short list of ~400 stocks. Fortunately, the computer can do this check in ~0.01 second! Another interesting note, I just bought a new computer/server for the automated trading platform. It is a 64 bit DEC Alpha 500 MHz machine with 320 MB of RAM. Quite a speedy puppy! But, I don't want any server CPU limitations as I move forward to the beta testing phase. Many people have expressed an interest in possibly beta testing this platform. I would encourage any interested traders to post what would be included in their perfect 'dream' trading platform. I will try to incorporate as many of these suggestions as possible as I continue development. I used the automated system for part of the day, today. It made five trades, for a total gross profit of +1/8 point. Not exactly phenomenal results, but every trade was automatically entered and exited based on my selected trading rules. The trades lasted from 2-13 minutes apiece with execution confirmations frequently received within 2-3 seconds of trade identification. Once I get the platform thoroughly tested and verified, I will have more time to fine-tune my trade identification method to increase trade profitablity. Good Luck, -Eric ericpatterson@erols.com