@Pannalal
My friend, you need some information you may did not understand or accept or most probably not have. Let me clear some stuff in your above post to make your mind sharpen. Here a screen shot of a part of that post, as it takes too much space to post it again: http://i42.tinypic.com/nmkefa.png
The above post sounds in some parts fine. Point one is absolute understandable for me. Point two is not understandable for me as you even say: The key thing is you need to know even the name of these strategies. Hmm
My friend, let me ask the following question: How would some body know all the names of that strategies when she/he never studied them before? If we studied this strategies before and even can manage them, how would it come that we need such kind of software? And I tell you there are people out there which know a lot, an incredible lot about option strategy trades. And I tell you that there are strategies out there you not even have the thinest clue about it and what there names are. Why? Because they are not given to the public and so they are never where posted in the net. You not believe me? Let me give you just one little example: Google once: Synthetic Condor and you will see where your limit already is. You only will find information about plain vanilla iron condors but nowhere what a synthetic condor is.
Now coming up with what you posted about even thousands of strategies, but not even knowing them, how would you be able to create such a software? My friend, no bad thoughts about that, but please be realistic with your chosen words. In your way it sounds like a chess computer which not have all the informations it needs to play real chess.
Moving on with this post and let me tell you where any advanced and pro option strategy trader beats your software at any time? By planing the trade by him self, manage it according by leg in and leg out and for that NO software exist in the world. Even your last trading recommendation was very abnormal and not practicable in its way, as your software is not on such a level you post here.
For what you do/the way you do = means your software, if it is now short selling or even in planing where to enter /place a debit spread or credit spread, or a short iron butterfly and so on and on, you just need the standard deviation you want to define, the vola, the actual strike level of the underlying has and the time you plan for your trade and that's it. You may even include the IMV of the option strike level you finally chose. Monte Carlo will/does nothing else compare computing the proba if leg/s will be touched or not. STDV does more or less the same. After having that numbers, you enter the trade and check it day by day. Even in short selling option strategy trading and in all other strategies: KISS is first rule.
As I made now some very clear critiques to what you posted in your last post (which made me posting a few clear words here and now, which I other wise would not have done), let me give you an alternative idea: If you have or can organize access to the Exchange, try to find out or create a program/tool which can spot which trader/s is/are trading which option strategy/s. That of course needs your knowledge (or some body you hire or a friend of yours which have that knowledge) about those strategies, as you have to program your software with that. In that way you will have/get access to what/which option strategy/s traders at the moment do implement and in that way you will have information about how they expect market/s to behave. If you can do that, you are one step ahead of them, as you can trade the opposite of those bulk option strategy/s traders or the opposite to that strategy.
If you think to write an option strategy and analyzing software, I highly recommend you to buy and test OpVue7 to its limit. You never did that and you even never used in dept any professional option analyzing software. So how does it come that you think you can create or are more clever on such software with out knowing how such software is really made and what pros can do with it. Get first an idea what pros use for there work and then kindly come back with some other comments of yours.
Guess you now are a bit shocked by this post and I hope you take it as a wake up call for you to over think what you do and the way you just started to post comments about the ability of your file. That post here has nothing to do with your will to create some thing special and I know that is your plan. The post may not or may starts an other process in your way of thinking of what you do and the target you have in mind. You have the will, so you will find a way: I know that. Do not lose time on ways which will end in a trap.
Take care and enjoy the evening. See you around / DanPickUp
My friend, you need some information you may did not understand or accept or most probably not have. Let me clear some stuff in your above post to make your mind sharpen. Here a screen shot of a part of that post, as it takes too much space to post it again: http://i42.tinypic.com/nmkefa.png
The above post sounds in some parts fine. Point one is absolute understandable for me. Point two is not understandable for me as you even say: The key thing is you need to know even the name of these strategies. Hmm
My friend, let me ask the following question: How would some body know all the names of that strategies when she/he never studied them before? If we studied this strategies before and even can manage them, how would it come that we need such kind of software? And I tell you there are people out there which know a lot, an incredible lot about option strategy trades.
And I tell you that there are strategies out there you not even have the thinest clue about it and what there names are. Why? Because they are not given to the public and so they are never where posted in the net. You not believe me? Let me give you just one little example: Google once: Synthetic Condor and you will see where your limit already is. You only will find information about plain vanilla iron condors but nowhere what a synthetic condor is. Now coming up with what you posted about even thousands of strategies, but not even knowing them, how would you be able to create such a software? My friend, no bad thoughts about that, but please be realistic with your chosen words.
In your way it sounds like a chess computer which not have all the informations it needs to play real chess. Moving on with this post and let me tell you where any advanced and pro option strategy trader beats your software at any time? By planing the trade by him self, manage it according by leg in and leg out and for that NO software exist in the world. Even your last trading recommendation was very abnormal and not practicable in its way, as your software is not on such a level you post here.
For what you do/the way you do = means your software, if it is now short selling or even in planing where to enter /place a debit spread or credit spread, or a short iron butterfly and so on and on, you just need the standard deviation you want to define, the vola, the actual strike level of the underlying has and the time you plan for your trade and that's it. You may even include the IMV of the option strike level you finally chose. Monte Carlo will/does nothing else compare computing the proba if leg/s will be touched or not. STDV does more or less the same. After having that numbers, you enter the trade and check it day by day. Even in short selling option strategy trading and in all other strategies: KISS is first rule.
As I made now some very clear critiques to what you posted in your last post (which made me posting a few clear words here and now, which I other wise would not have done), let me give you an alternative idea: If you have or can organize access to the Exchange, try to find out or create a program/tool which can spot which trader/s is/are trading which option strategy/s. That of course needs your knowledge (or some body you hire or a friend of yours which have that knowledge) about those strategies, as you have to program your software with that. In that way you will have/get access to what/which option strategy/s traders at the moment do implement and in that way you will have information about how they expect market/s to behave. If you can do that, you are one step ahead of them, as you can trade the opposite of those bulk option strategy/s traders or the opposite to that strategy.
If you think to write an option strategy and analyzing software, I highly recommend you to buy and test OpVue7 to its limit. You never did that and you even never used in dept any professional option analyzing software. So how does it come that you think you can create or are more clever on such software with out knowing how such software is really made and what pros can do with it. Get first an idea what pros use for there work and then kindly come back with some other comments of yours.
Guess you now are a bit shocked by this post and I hope you take it as a wake up call for you to over think what you do and the way you just started to post comments about the ability of your file. That post here has nothing to do with your will to create some thing special and I know that is your plan. The post may not or may starts an other process in your way of thinking of what you do and the target you have in mind. You have the will, so you will find a way: I know that. Do not lose time on ways which will end in a trap.
Take care and enjoy the evening. See you around / DanPickUp
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