Q&A by Don Bright
Ive been trading for a few years and have stayed profitable. I prefer to trade manually instead of using automated programs. I fear some sort of runaway similar to the one exhibited on the flash crash day of a few years ago. However, I would like to have a little more speed in reacting to market setups. Do you have traders who use any sort of automatic response order entry?JRB
Thanks for the interesting question. I think I can offer some suggestions. Not knowing exactly what your triggers are for entry, I will just describe some generic examples.
Excel spreadsheets: We use the RediPlus add-in for our Excel spreadsheets using DDE links (an incoming stream of real-time market data, prices, and so on) to various cells. Last price, previous price, high for the day, low for the day, volume, volume-weighted average price (VWAP), and other pertinent data...