Multi million dollar per year means you have an existing pool of more times that.
Automated systems leverage effect :
Not to shatter the dreams , there are however hard facts :
95% losers , 5% winners...
Constant winners being the clearer's...Followed by banks and hedge funds...The retails come in last position to make it to the 2% , being that they are at a constant disadvantage (Spread , news , execution times , requotes , liquidity, Investment in R&D and so forth).
Even a back tested model might lose money in live trading...
Live vs backtests will give different results.
Then if you do achieve a trading system , you will be passing orders at a broker , and when your orders are large enough , attract the attention of large corporates/Dealers..(Looking for stop clusters).
You can also pass orders anonymously now with a few clearer's , Sizes of this orders are 100 to 200M minimum trades.
The other thing to take note of , is financial markets are by no means "static" , but have an evolutionary structure.
Not easy as it looks by any means , and a life time of R&D.
Rightedge , however could give an edge to retails vs any other platforms , particularly TS , MT4 and so forth :
-bid , ask data.
-Provider/clearer of your choice.
-Customization through advanced language (c# , vb)
-Non linear analysis.
I have looked with interests at Rightedge in the past (before 1.0, a year ago or so) ..Before ticks were added , it was a good retail platform (as good as TS , MT4 and so forth), now this new version gives you bigger chances against the odds than the other platforms.
The product is now as good as truviso's , which costs Rightedge x THOUSANDS (per month)..The ability to have multiple symbols portfolio real time based on ticks (and their aggregate) is new to retail platforms.
The limit being your own (Research , Development , programming knowledge , non linear analysis , quants ,data mining , NN and so forth).
We say though in french , "L impossible n'est pas Francais!".
Friday January 18 2008 by