Posted by marketguy on 30th of Jul 2010 at 05:15 pm
joseph buddy....that's great you're doing well but not really
helping the rest of us out here....the system looks great, are you
going to give us some insight on what you're doing to accomplish
this?
You just determine the market direction (up down or sideways).
In a down market you are going short in a up market you are going
long. It`s pure daytrading, using the micro waves and the dynamic
of the market. I`m using many moving averages as resistance and
support levels. I have studied patterns which happens again and
again. Your entry point is very important. You have to smell in
advance what the market is doing, just for micro waves!! In and out
in 1 minute.
I know this doesn`t helps you really. But I have no system which
is trading automatically nor have I rules defined which I`m
following consistantly. You can define exact rules for trading, but
these rules happen only a few times a day not twenty times per
hour. If I had an automated system with such a success
rate I would be really happy. I`m also looking for the wholly grail
system. Just sitting and enjoying what the program is doing, but as
long as I have not found it I`m just experimenting how to improve
trading (every day). Study the reaction of certain lines, averages,
patterns.... Buy when other people are selling and sell when other
people are buying. Just do the opposite what you normally would do.
When 90% of traders are loosing money...., then you have a success
rate of about 90% and if it`s only 70% that`s also not so bad.
using the same trading rules as you did today, what does the
equity curve look like for the past 6months? Think thats sufficient
data initially to judge an intraday system but to be honest, I
judge even intraday systems over 10years but it depends which
indicators/symbols you use as it will depend on how long TS has
been quoting the tickers for. eg I think VXO.X has only been
quotable for the past few years
attached you will find the equity curve for 4 trading days. I
did not trade on wednesday this week. So every day 2000 USD is the
goal. But I`m improving slowly.
all I can say Joseph is well done. Looks good and keep it going.
If its objective, I would code it and get it backtested. Many a
strategy manual or automated works for a period of time but over a
longer timeframe doesn't cut the grain
If its even partially subjective then of course it can't be
backtested easily
having an automated intra day strategy working years back is not
necessary, it's better to find a decent overall strategy and have
the system in real time monitor the profit curve of the system and
turn itself off in bad times and back on again instead of
optimizing something that works for years. That's how many
professional systems work, they don't try to find something that
works perfectly all the time say on a 5 min time frame going years
back, they write an intelligence into the system where it can
monitor itself.
Of course this is not easy to do because you have to have the
identical system running without a filter and then another copy of
the system running that monitors the profit curve of the unmodified
system and then makes adjustments to itself (they have to talk to
each other), Peter's Professional systems do this, the ones he runs
for hedge funds, they monitor themselves and can
turn themselves on off depending on how they are trading.
It's funny because we tried it by putting in really bad strategies
that have maybe only 20% winners and
lose consistently and it turned thos systems into
profitable systems. Anyway just FYI, peter had $70 Million
short in the market yesterday at the gap up which he covered near
the lows, the point is, he has big money behind those systems, not
pennies
This makes logical sense. I have an equity $ trailing stop on
each of my strategies and I know for sure having analysed your MA
Crossover systems that they perform sideways when Volatility is
less than 25 (or broadly sideways after dealing and slippage
costs).
I am good at coding but not that far advanced to be able to code
strategies to the next level whereby they switch themselves off
during certain times when its not safe to trade simply because its
not easy to classify objectively "unsafe trading periods". I don't
think many of us retail investors are being frank
22 trades and 22 wins with E-mini trading
Posted by joseph1 on 30th of Jul 2010 at 11:41 am
with 1/2 hour of trading I made about 2000 USD. Normally the success rate is only about 75%. I`m out with 100 USD win per trade.
My daily goal is 2000USD, so I`m out for today.
Attached the equity curve of today.
joseph buddy....that's great you're doing
Posted by marketguy on 30th of Jul 2010 at 05:15 pm
joseph buddy....that's great you're doing well but not really helping the rest of us out here....the system looks great, are you going to give us some insight on what you're doing to accomplish this?
TIA!
There is no secret!
Posted by joseph1 on 31st of Jul 2010 at 01:23 am
You just determine the market direction (up down or sideways). In a down market you are going short in a up market you are going long. It`s pure daytrading, using the micro waves and the dynamic of the market. I`m using many moving averages as resistance and support levels. I have studied patterns which happens again and again. Your entry point is very important. You have to smell in advance what the market is doing, just for micro waves!! In and out in 1 minute.
I know this doesn`t helps you really. But I have no system which is trading automatically nor have I rules defined which I`m following consistantly. You can define exact rules for trading, but these rules happen only a few times a day not twenty times per hour. If I had an automated system with such a success rate I would be really happy. I`m also looking for the wholly grail system. Just sitting and enjoying what the program is doing, but as long as I have not found it I`m just experimenting how to improve trading (every day). Study the reaction of certain lines, averages, patterns.... Buy when other people are selling and sell when other people are buying. Just do the opposite what you normally would do. When 90% of traders are loosing money...., then you have a success rate of about 90% and if it`s only 70% that`s also not so bad.
Happy trading.
using the same trading rules
Posted by vimal on 30th of Jul 2010 at 12:26 pm
using the same trading rules as you did today, what does the equity curve look like for the past 6months? Think thats sufficient data initially to judge an intraday system but to be honest, I judge even intraday systems over 10years but it depends which indicators/symbols you use as it will depend on how long TS has been quoting the tickers for. eg I think VXO.X has only been quotable for the past few years
It`s manual trading, no trading system
Posted by joseph1 on 30th of Jul 2010 at 12:40 pm
attached you will find the equity curve for 4 trading days. I did not trade on wednesday this week. So every day 2000 USD is the goal. But I`m improving slowly.
all I can say Joseph
Posted by vimal on 30th of Jul 2010 at 01:01 pm
all I can say Joseph is well done. Looks good and keep it going. If its objective, I would code it and get it backtested. Many a strategy manual or automated works for a period of time but over a longer timeframe doesn't cut the grain
If its even partially subjective then of course it can't be backtested easily
having an automated intra day
Posted by matt on 30th of Jul 2010 at 01:45 pm
having an automated intra day strategy working years back is not necessary, it's better to find a decent overall strategy and have the system in real time monitor the profit curve of the system and turn itself off in bad times and back on again instead of optimizing something that works for years. That's how many professional systems work, they don't try to find something that works perfectly all the time say on a 5 min time frame going years back, they write an intelligence into the system where it can monitor itself.
Of course this is not easy to do because you have to have the identical system running without a filter and then another copy of the system running that monitors the profit curve of the unmodified system and then makes adjustments to itself (they have to talk to each other), Peter's Professional systems do this, the ones he runs for hedge funds, they monitor themselves and can turn themselves on off depending on how they are trading. It's funny because we tried it by putting in really bad strategies that have maybe only 20% winners and lose consistently and it turned thos systems into profitable systems. Anyway just FYI, peter had $70 Million short in the market yesterday at the gap up which he covered near the lows, the point is, he has big money behind those systems, not pennies
This makes logical sense. I
Posted by vimal on 30th of Jul 2010 at 03:34 pm
This makes logical sense. I have an equity $ trailing stop on each of my strategies and I know for sure having analysed your MA Crossover systems that they perform sideways when Volatility is less than 25 (or broadly sideways after dealing and slippage costs).
I am good at coding but not that far advanced to be able to code strategies to the next level whereby they switch themselves off during certain times when its not safe to trade simply because its not easy to classify objectively "unsafe trading periods". I don't think many of us retail investors are being frank
how long has peter been
Posted by cwa82675 on 30th of Jul 2010 at 03:12 pm
how long has peter been doing this? he must have gonads of steel to not cover on a gap up when your holding 70 mill...wow
Matt, Any chance we can
Posted by druzin on 30th of Jul 2010 at 02:49 pm
Matt, Any chance we can gain access to Peter's systems through BPT? That would get you many new subscribers!
last 5 trading days
Posted by joseph1 on 30th of Jul 2010 at 01:17 pm
attched you will find the last 5 trading days. I`m trying to get better not worse. But you never know!!!
Are you a good programmer?
how many contracts do you
Posted by Michael on 30th of Jul 2010 at 12:56 pm
how many contracts do you trade to make that 100 average per trade?
sounds like a sales pitch
Posted by jimsava on 30th of Jul 2010 at 12:06 pm
sounds like a sales pitch
sorry, nothing to sell, it`s not automated
Posted by joseph1 on 30th of Jul 2010 at 12:56 pm
what system do you use? is
Posted by rank10 on 30th of Jul 2010 at 11:51 am
what system do you use?
is it your own?