Thank you very much for such detailed answer.

On Sunday, April 14, 2013 10:15:53 PM UTC+3, Judson Wilson wrote:

> That sounds correct. The price and book balance are update once a second. 
> Inidicators, which are simply mathematical transformations of the price and 
> book balance, or also updated once a second.  After they update, JBT calls 
> a callback in your strategy so it can react to the new data.
>
> In theory you could build stuff on top to trade bars, but a lot of us 
> around here think bars are kind of silly ;)  
>
> Take a look at the example strategies, and figure out how the "params" are 
> explored using the optimizer.
>
>
> On Sun, Apr 14, 2013 at 2:32 AM, Oleg Ruchovets 
> <[email protected]<javascript:>
> > wrote:
>
>> Ok . Do I understand correct that you are trade the futures or stocks but 
>> analize the midpoint price and bid & ask side of visible book. 
>> I mean there is technical alalysys  which analyze a bar patterns. 
>> JBookTrader is not for that , it is for analyzing bid & ask of visible book.
>> Is it correct and based on that  algorithm deside to trade the current 
>> stock or future contract?
>>  
>> Sorry for such dummy questions :-).
>>  
>> Thanks
>> Oleg.
>>  
>>
>> On Sun, Apr 14, 2013 at 7:39 AM, Judson Wilson 
>> <[email protected]<javascript:>
>> > wrote:
>>
>>> Book trading, in this context, is trading based on 1) midpoint price, 
>>> and 2) a measure that is related to the ratio of the total shares on the 
>>> bid side and on the ask side of the visible book.  That's it.
>>>
>>> As you can see, the code is pretty clean and clear, so you can change 
>>> this as you see fit.
>>>
>>>
>>> On Sat, Apr 13, 2013 at 2:21 PM, Eugene Kononov 
>>> <[email protected]<javascript:>
>>> > wrote:
>>>
>>>>   
>>>>> My question is : Where can I read about Book Trading. I am familiar a 
>>>>> bit with forex , options , futures and stocks.
>>>>> From previous posts I understand that JBookTrader is not working with 
>>>>> these finansials instruments.
>>>>>
>>>>
>>>> JBookTrader will work with anything which has level 2 data available in 
>>>> TWS (which is the exchange limit order book). This includes all forex, 
>>>> most 
>>>> futures, some stocks, and some options. To verify if a particular 
>>>> instrument has level 2 market data in TWS, select it, and pop up the 
>>>> "market depth" data dialog in TWS. If you see 5 or more price levels, it 
>>>> means that exchange order book is available.
>>>>  
>>>>
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>

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