As a brief introduction, I am a mathematician, UC Berkeley PhD, formerly professor at UC Berkeley, now retired, co-author of the best-selling textbook Statistics (by Freedman, Pisani, and Purves, W. W. Norton), used at Harvard, MIT, Princeton, and all major universities, and I have been trading for most of my life, particularly index futures and the ES.
I’m building an auto-trader for the ES and other index futures. For this purpose, I’ve built an instrument that, within TradeStation, measures all the forces and influences on buying and selling necessary to make accurate estimates of the next price moves. Although index futures provide much more data than equities or Forex, much of my analysis applies equally to any traded issue. An example of my current output is:
I am designing the auto-trader initially to make just 1 ES point per trade, with an objective of 100% probability. If it makes just three trades a day and profits just one point per trade, thus 3 points a day, $150/day on a 1-contract basis, and for 250 trading days that's $37,500 for the year. On 50 contracts per trade, it’s $7,500 per day. Th ES market is very deep and 100 contracts can be traded easily with little or no slippage. You can do the arithmetic . . . and that is just with the ES and just three trades a day.
This is an ordinary day, today, with the latest version:
https://www.screencast.com/t/VZcJq7mY Every day is like this. These are entries, and the user would control exits. As you can see, many of these trades make much more than one point. I can demonstrate this in real time with Teamviewer.
The auto-trader is not finished, but when finished will be able to simultaneously trade the other US index futures, with appropriate adjustments, as well as the large number of index futures traded around the world, 24 hours a day. And much of the technology is applicable to stocks.
Though I code in various language, I am by no means a highly skilled programmer, so for this purpose I have employed a google-level programmer, who has suddenly become no longer available. He could teach computer science at UC Berkeley. As an example of his daily reports to me, watch this:
I’m writing to you because I am in need of a new partner. If you are interested in partnering with me on this endeavor, please reply to this email.
Yours,
Dr. Robert Pisani
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