I appreciate everyone's responses. I've implemented my own ATS in Grails and Groovy, so I understand very well the value of the framework. What I was really asking about is the actual notion of book trading.
Frankly, I've been around the block enough times with technical analysis to have essentially no faith in predictive trading methods. I've been burned so many times by Fibs and MACD and other wiggly lines that I walked away from trading. I read the paper, Adaptive Strategies for HFT, and am intrigued but still skeptical about the concept. That's what my OP was really asking about. I now understand the theory; in practice, how are peoples' returns? Eugene, I looked at the page you referred me to (a couple of the columns are not described in the User Guide), but the returns you show are backtest returns. While I appreciate the value of backtesting, I'd like to know what happens in live trading and how the system deals with market shocks. Have the low drawdowns shown in the backtest proven to be realistic and consistent over time in live trading? I'm also wondering, based on the paper, just how heady the strategies need to be. I am an electrical engineer, so I used to know all that complex math, but I've forgotten virtually all of it. Can I hope to create effective strategies as a software developer and not a mathematician? Thanks very much, Lee On Friday, May 31, 2013 8:06:15 PM UTC-4, Eugene Kononov wrote: > > Klaus is right on the money. JBookTrader is a framework which automates > the mechanics of auto-trading and liberates you from the low-level > programming which deals with connectivity, data feeds, level 2 processing, > order handling, back-testing, optimization, and reporting. So, it's a tool. > How much you make with it is entirely up to you and your trading strategies > that you run with JBookTrader. However, that being said, this will give you > an idea what ES and CL strategies can do: > > https://docs.google.com/document/d/1cYjooxpxqUftqkvUWkb3CBlTFyQSx2jmi16KDVXeykk/view > > > > On Fri, May 31, 2013 at 6:27 PM, Klaus <[email protected] <javascript:> > > wrote: > >> Hi, >> you shouldn't see JBT as a matter of performance, but as a platform to do >> your own strategies. >> There are some strategies, which you find in the repository, but you >> should not expect a high or consistent performance from them.. >> >> Klaus >> >> >> Am Donnerstag, 30. Mai 2013 23:39:54 UTC+2 schrieb greymatter: >> >>> Every post here seems to begin with "I'm new to JBookTrader." Same with >>> mine. :-) >>> >>> I was wondering if some seasoned users would be willing to give some >>> idea of what kind of performance you're seeing in live trading with JBT. I >>> don't mean to pry. I'm just trying to determine whether to invest my time >>> and energy on JBT. Since there is a learning curve, I'd like to know that >>> there is a reason to climb the curve. >>> >>> Any and all data points are appreciated. >>> >>> Thanks, >>> Lee >>> >> -- >> 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] <javascript:>. >> To post to this group, send email to [email protected]<javascript:> >> . >> 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.
