JBT, in its current incarnation, would probably only be useful for highly liquid stocks, such that the bid/ask spread is fairly constant (say, 1 tick, penny, etc). I imagine this goes hand-in-hand with having a meaningful book as well.
This is because JBT only tracks the MIDPOINT price, and book balance. This could be changed for your own custom setup. Also, JBT is also sort of meant for intra-day trading, and resetting every night. This is the philosephy it is built around. It's not currently setup to track long-term measures. This is something some of us were looking at a while ago, so that we could modify the ES (s&p 500 mini contract) trading based on long term trends in the underlying index. I don't think anyone has gotten too far on this. Just to give you an idea of what this means. Right now all of the measures that JBT looks at are derived from data received since the program started. So if you needed to reset the program, POOF your long term average data is gone. Code needs to be developed and re factored to retrieve data from the hard disk, and intelligently handle gaps in the data, and handle all the weird cases of "what if I open in the middle of a trading session?" or "what if I open up just after the close?" or "what if its leap year?".... etc. - Judson On Sun, Apr 14, 2013 at 4:02 PM, Jameson Triplett <[email protected]>wrote: > I'm a fan of end of day stock strategies: channels, and trend following. > I'm wondering if anyone else uses JBookTrader uses it in this way and > would like to share their experiences. > > Thank you > Jameson > > -- > You received this message because you are subscribed to the Google Groups > "JBookTrader" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > To post to this group, send email to [email protected]. > Visit this group at http://groups.google.com/group/jbooktrader?hl=en. > For more options, visit https://groups.google.com/groups/opt_out. > > > -- You received this message because you are subscribed to the Google Groups "JBookTrader" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. Visit this group at http://groups.google.com/group/jbooktrader?hl=en. For more options, visit https://groups.google.com/groups/opt_out.
