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Handicapping "Think Tank" technical handicapping and statistics

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Old 01-27-2009, 10:40 AM
Cheeto Cheeto is offline
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Join Date: Jan 2009
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Default Any Futures Trading Experts Here? This is Interesting

As a professional gambler with an interest in the stock market, I am intrigued with futures trading and its similarities with the live betting at World Sports Exchange. Automatic futures trading programs have long been available with the stock market. With the day-trading phenomenon I would imagine that they work, but I do not have any first hand experience. Many of the futures trading programs enable you to run mathematical equations such as a Monte Carlo system that can test various buy and sell strategies on historical prices. For me, what is fascinating is that all of these tools are now available for the wsex exchange (name withheld so as not to appear as a promotion). As a math guy, I understand the theory, but I am hoping there are some here who can provide their opinion.

I would assume that the actual exchange characteristics are similar between wsex and real futures trading - neither market is entirely predictable. As such, strategies are based on the movement of the contract price. I suppose that with historical prices you can test strategies such as "buy at $50, sell at $100 or $20", or "buy after a price drop of 20%". Whatever the system you think up, you would have a chance to test it on real data. I am sure that there isn't a "Holy Grail" of strategies, but probably hundreds with varying risk and profitability.

Based on the above, I am trying to find reasons why these would not work. If there are profitable systems out there, you will have the resources to find them. Can it be that there arenít any profitable systems because of the unpredictable markets? I suppose, but if the wsex exchange is similar to real futures exchanges, and if these tools work in real futures trading, then they should work at wsex.

In any event, this seems very interesting. I am hoping to hear what others think.
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