Hello MarkBrown, Thank you for understanding! It is Impossible for any 1 human on earth to produce the following: Algorithmic Trading system can make money month to month for the past +10 years and scale to $1million per year/month Easier to point and click.
Hello traider, Agree, it is a complete and useless waste of time building Algorithmic Trading systems.
I quickly realized automated, mechanical, theory trading systems are flawed when I first started out. The market, understanding it, observing it, trading it...is a delicate balance between being part art, part science. It's not all about data...deviations happen all the time. Each moment in the market is truly unique. The market has varying moods, heartbeats, pulses and personalities....and it's the trader's job to discern all of that subjectively, intuitively based on a combination of variables for each different trade situation And stop seeking approval from random, failed, mediocre, weirdos....learn to process your own adventure and market understanding, perspective. Because that's the only way you're going to survive in this life,
Cost of tick data is very expensive going back 10 years plus. It is a matter of experience to improving coding and trading. Time bars have to be formed by the tick, other wise you don't know if price went up or down first. If you always concentrate on making money, I doubt you will make it. Have to concentrate on risk management first and losing percentages as it is about only area you can control 90% of the time. Can't control excessive slippage. It has take me over a handful of years to get the kinks out of most systems. I use MFE and MAE good deal on what is best on 90% of trades for risk, and how far of profit is achievable 90% of profitable trades. And most of all, system has to be profitable first by manually trading for few years.
Discretionary is the way to go in my opinion. Human brain is way more powerful than any computer for trading purposes. And an added benefit is the adaptability of "on the fly" changes as needed. Of course, this implies: 1) having setups with 55% to 60% directional probability that results from an understanding of price action patterns that form because of the buying and selling pressures within bars and groups of bars and correlating the PA of individual bars with the immediate context, intermediate context, and larger context of price patterns. 2) have workable strategies on what to do when things do not workout (other than just SLs). A scalper going for smaller profits is generally not using a very good R:R so he must have developed ways to get back losses quickly when they occur. 3) it implies embracing uncertainty as there is no escaping uncertainty because as traders, we can never have 100% certainty in trading because we can never know all the variables that constitute how or why a market is moving the way it is moving. 4) focusing on what the market gives when it gives it. Thus, grabbing profits and locking them in. If a move continues a trader can ALWAYS jump back in. A scalper must learn to lock in profits as they can dissipate faster than they appeared. 5) Instead of relying on capturing bigger moves ...by utilizing things such as trailing SLs..etc just grab what the market gives and instead rely on FOT or frequency of trades as small moves develops and go in his favor. If a trader is not finding enough of 50% to 60% directional moves on a particular TF then dial down to a smaller TF and there will be plenty of opportunities all session long. I usually start with a 5m TF and will go down to a 10 second TF if I need to and if I am thinking clearly that session and need to find more trading opportunities. Again, FOT is where one makes up for not capturing the bigger 1 to 3 daily moves. As a scalper I had rather spend 1 to 2 hours or even less time on capturing smaller size moves vs sitting around for hours and hours waiting for a bigger move to erupt. Plus on bigger moves enduring multiple losses before a win comes around. I can usually scalp and be done by 10:30 or 11:00. 6) Focusing on maintaining a high win rate. That usually translate into small reward with a poorer that 1:1 initial R:R. Because a trader is capitalizing on the tendency of the market to oscillate rapidly on individual bars and nearby groups of bars. The odds favor grabbing a quick profit if one's SL is large enough to avoid getting stopped out before there appears an oscillation in one's favor. I do not know any successful scalpers that have a low win rate. The losses will wipe out the gains. Most traders who fail at scalping fail because their SL is too tight. Just remember in scalping initial R:R is not going to be good but the actual R:R endured when the trade is all over with often times is a good R:R. Because a trader caught momentum right after the entry. Just a few of the ideas and principles I employ in trading. I stop in once in a while on ET but not here like I used to be. Happy trading, Volpri
i use a profit target with no stop - and - just click click click click the reverse button when wrong and the bracket auto attaches again. i do this every day like butter...
Good Evening LionsWarthogsMillions, You are 100% correct. Automated Trading Systems is a bold face LIE!!! That crap does not work and damn sure does make ANY human being at home rich in the Futures Market NONE!!! It is just for marketing for brokers like NT8 and Tradestation to keep traders hooked back testing and programming and messing ass around.
Good Evening MarkBrown, You are absolutely correct Mark. Much better this way and funnier and profitable. Easier to guess and click and do whatever we need to do to WIN for the day!!!!
Human might still be better pattern recognition than an Algo. But Algos can trade size, my algo can and has traded 100+ lots As a human I can't trade more than a handful of contracts before fear stops me from trading any bigger. This is where the Algo shines. Just 100 pts a year at 500 ES lots = $2.5million. Thats just an average of 8 ES points a month. Come on man, you can find something that does that over the long run. Don't fall into the trap it needs to profitable every month: An ES trading algo just needs to net 100 points a year to make you rich
FUCK Algorithmic Trading system trading with BIG SIZE HORSE DICK. That BULLSHIT do NOT work!!! FUCK Algorithmic Trading system trading with BIG SIZE MULE DICK. That BULLSHIT do NOT work!!! If an Algorithmic Trading system can NOT make money month to month for the past +10 years and scale to $1million per year/month, the Algorithmic trading system is TRASH, throw in the GARBAGE and GO CLICK SOMETHING!!!!! Algothrimtic Trading Systems DOES NOT work. It is dumb and stupid to even try. WHY? Cause the shit do not make money day to day , week to week or month to month or year to year EVERY YEAR. I said EVERY YEAR In addition, if the algo take a losing year, that is ONE year of your life wasted, and no position sizing to scale the account to 100 ES contract. So you lose 1 year, lose that captial, and you need damn near 2 years to catch up. What if the next year is great market conditions that fits your algo, you can not even size up, cause you still in the drawdown from the last year. IT IS DUMB and STUPID.