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To: Patrick Slevin who wrote (47867)	7/16/1998 1:38:00 PM
From: Thomas Winklhofer	Read Replies (1) \| Respond to of 58727

> I did not know the RUT had a futures contract. Yes there is at the CME. But as I said tiny volume. Lets say 100-500 contracts a day. Sometimes more. > If I understood correctly, you wish to trade futures but you wish > to concentrate on the RUT. Yes, that's correct. I want to trade around the close. At the CME I checked how the volume is at closing time. Its ok. But I think I will have to place market orders to get the order executed. Do you have any experience trading futures with small volume? A market order should attract always. And clearing should watch that I do not get scalped. An evaluation of trading options on RUT turned out to be difficult. The spread is too big. Probably due to almost 0 volume. > Um, 150 % rots as well. Maybe you can get an offshore account or > do something. There must be some way to ameliorate that. Yes. My Broker isn't too bad. They also has institutional clients. First I'll checkout them. > The issue of the positional vs day is conceptual in nature. > That is, the day trader is in and out very quickly > and needs a high percentage of successful "hits" because the > rate of hold is short and the day trader does not > have the "convenience" of letting profits run too long. Thanx for explanation again. That's clear to me. I would like to do day trading. But as I said I dont have the time to do that. > For a positional trader, your backtesting has nice results. > It seems that if it does well in "real" conditions you > should do well with it. Are you re-optimizing as you go along? I have optimized it quite a time. But now its more or less finished. I do not plan to optimize it during use. > My limited understanding of systems leads me > to belive that "Walk-Forward" testing with re-optimization lends a > false value to results. There's a simple rule. A backtested system (min a few years) with decent results MIGHT work in the future. But a system that didn't work in the past will NOT work in the future at all. When you system trade you have to know the conditions where you do well and markets where you should stay sidelined. > Call me Patrick, call me Pat, Slevin, Slev, Blue-Eyed Devil, > Celtic Warlord.....but ya doesn't has to call me Mr. Slevin ROFL :-)) I'll stay with Patrick. > Come to think of it, I was called Von (Baron von Slevin) in high > school. Maybe because I took a few years of German and swore at > people during basketball pick-up games in a language they could not > understand. I could never remember any of it now though....probably > a good thing. I'm no 'Von'. You could buy such a title if you want. Its just a question of money ;-) Oh well, can we continue in German? Would be much easier for me ;-)) I hope my English is understandable. I got another post on TSO thread where I will say a few words about my system. May be later Thomas