Judson, I was thinking of incorporating book size (bid/ask sizes)  as some 
kind of weight. I am digging into the code to see what I need to modify. I 
like booktrader's framework. Implementing all of its functionality in C++ 
would be a major undertaking.  

On Wednesday, 1 August 2012 09:57:22 UTC-7, Judson Wilson wrote:
>
> That should read "(or fourth or fifth)" 
>
> On Wed, Aug 1, 2012 at 9:56 AM, Judson Wilson  wrote: 
> > You would have to re-write a few sections of code, but it is not hard. 
> > I have messed with this before, but I was just dabbling. 
> > 
> > I would recommend adding it as a third (or fourth or fight0 parameter 
> > to the backtest files, and then go from there. 
> > 
> > Also of interest may be the 'book size', which is the total number of 
> > bids and asks. I'm not sure how it pertains to the strategies you 
> > mention, but I believe there is value in there, and this would be a 
> > good time to add it as well if you are interested. 
> > 
> > On Tue, Jul 31, 2012 at 11:42 PM, Lawrence Perepolkin 
> >  wrote: 
> >> Has anyone created a strategy that uses a statistic measuring the 
> difference 
> >> of bid and ask? I want to develop a mean reverting strategy that would 
> use 
> >> this.  I believe when the bid ask spread expands the market is 
> experiencing 
> >> and increase in volatility. The strategy I am thinking of would use a 
> option 
> >> straddle or strangle to protect against large moves up and down and 
> then 
> >> implement at strategy in BookTrader to buy lower lows and sell higher 
> highs 
> >> in a tight range. In trend less time periods this works quite well. 
>  For 
> >> example, after hours ES is mostly trend less, and one can make some 
> money 
> >> buying lower lows and selling higher highs. High volume trend less days 
> are 
> >> also quite profitable.  On potentially  high volatility  time periods, 
> >> earnings and Fed announcements, use option straddles/straggles no need 
> for 
> >> an ATS, on trend less days use and ATS for mean reversion trading about 
> 100 
> >> buy sell cycles a day.  Has anyone considered this? Your thoughts? 
> >> 
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