saico
59 posts
msg #101350
- Ignore saico
modified |
6/25/2011 10:24:01 AM
knightvictor,
at Interactive Brokers I pay around 80 Cents per 100 shares per side. Do the math and you will see it works even with 2000 USD trading size very nicely.
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knightvictor
7 posts
msg #101352
- Ignore knightvictor
modified |
6/25/2011 7:49:11 PM
Hi Saico,
Thanks for the info.
After looking into Interactive Brokers it looks like there is a $10,000 account minimum to open an account plus a lot of other hidden fees that really add up.
I did some more research on other brokers and here is what I found.
OptionHouse = $3 trades with a $1000 account minimum + 100 free trades with FREE100 promo and $3000 deposit
J2Trade.com = $2.50 with 2,500 minimum
SogoTrade - $3 or $3 with 1/2% fee on principle for stocks under $1
TradeKing = $5 with no acc minimum
ChoiceTrade = $5 with no acc minimum
Zecco.com = $5 with no acc minimum but stocks less than $1 have a $7 commission.
Hope this helps.
-Dan
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duke56468
683 posts
msg #101374
- Ignore duke56468 |
6/27/2011 10:27:24 PM
Kevin or anyone..... This filter produces some stocks during the day that are not there at the end of the day. If a person entered these stocks right then with the same exit criteria, can you see any reason they should not play out the same as the stocks that show up at the end of the day?
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Kevin_in_GA
4,599 posts
msg #101378
- Ignore Kevin_in_GA |
6/27/2011 10:55:06 PM
In theory, yes. However, the backtesting was all done with end-of-day data, so I can't actually confirm that this has been historically true.
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duke56468
683 posts
msg #101379
- Ignore duke56468 |
6/28/2011 9:55:41 AM
Thanks for the response Kevin... The same holds true for the exits,during the day some of the exits are hit, but are gone by the end of the day.
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saico
59 posts
msg #101380
- Ignore saico |
6/28/2011 11:13:10 AM
Actually I dont know of any other hidden fees at IB except of a tiny fee for data, if you generate less than 10 USD in commissions per month. Beside of that there are no fees. The 10k are only to open an account. After that initial deposit you're allowed to withdraw 5k, or 6k and use the remaining for trading. However I think after the account falls below 2k it becomes subject to close, but not sure with that.
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Kevin_in_GA
4,599 posts
msg #101383
- Ignore Kevin_in_GA |
6/28/2011 1:42:13 PM
Intraday trades are typical for pairs trading (this is really just half of a pair trade system, with the other stock being SPY). Automation of this type of system to trade intraday would certainly be possible.
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shainadir
25 posts
msg #101385
- Ignore shainadir |
6/28/2011 2:56:51 PM
Has anyone considered using SDS as a hedge for this system? For each position entered, use a 1/2 position of SDS. I would only use this hedge under certain conditions that signaled a downtrend like a SPY 13/26 EMA crossover.
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duke56468
683 posts
msg #101393
- Ignore duke56468 |
6/29/2011 2:02:41 PM
fortyfour modified 6/12/2011 4:31:25 PM
PS. #2
Side by side comparisons within stockfetchers backtesting feature( never used this much) show that
cash(equity) was increased in method #2 mostly by changing(unintentionally) the max open positions to 6f(from 10)
and max daily entries to 3(from 5)
++++++++++++++++++++++++++++++++++++++++++++++++++++++
fortyfour...could you explaine which backtesting feature allows side by side comparisons. Thanks
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Kevin_in_GA
4,599 posts
msg #101397
- Ignore Kevin_in_GA |
6/29/2011 5:29:51 PM
Has anyone considered using SDS as a hedge for this system? For each position entered, use a 1/2 position of SDS. I would only use this hedge under certain conditions that signaled a downtrend like a SPY 13/26 EMA crossover.
+++++
I would rather use SH - the leverage on SDS actually tends to be a drag on performance, especially if the market is trending up. The additional volatility also ipacts the system's Sharpe Ratio.
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