Manual trading is all I have ever done, I have my own
methodology and risk tolerance and I predominantly trade forex and
indexes (worldwide).
Reason I subscribed is because of the advertising you were doing
saying things like we made 4000 spx points with our system trades,
and the systems are asleep.
Matt is the best automated system developer I have met. He is
very talented in this respect, and his potential is largely
underutilized.
Regarding the systems, I am of the opinion that his systems were
developed and backtested for bull markets. During this bear market,
a lot of settings no longer apply which result in missing trades or
stuck trades. What seems to work in this bear market is quick
trades with short duration. A variation of day trades that spans
under one day or a day or two at most. Perhaps, a system based on
30- or 60-minute times would be optimal, and trading is done on
micro futures to ensure entry and exit as needed. Also, micro
futures contracts permit to dispense with the $25,000 requirement
for day trading that limits many small account holders.
Back in 2015, Matt devised an automated system based on
60-minute charts. The idea was good. Perhaps, it could be revised
and reimplemented. I see it as rather viable.
thanks junkie, I appreciate the kind words and also your
ideas.
yes I've started working more on short-term systems, I have some
ideas there that we might be able to use eventually
yes regarding system building I spend what 3% of my time doing
that, and the rest on all this other stuff. Like I said last week,
in an ideal world that's all I would do, is be in some very cool
room with powerful computers where I build systems all day long,
I'd love that as that's my passion.
and yes the market is now so short term based - such as these
ODT options that expire the same day, that's now the largest volume
in the options market, everyone short term gamblers now.
that's great about you being an astute trader, we should have
more than enough trade ideas for you to find plenty to trade, our
trade ideas have been knocking it out of the park.
Regarding the reversion to mean systems, yes last year they
killed it, over 4200 points on ES, and something like 120 trades.
Those systems thrive in high volatility, where the VIX is high, and
last year the VIX stayed in the 30's almost the whole time. This
year the VIX has been in the teens and so the systems have done a
lot less trades. It's very understandable. That will change,
and the mean reversion systems will likely start being more active
again later this year.
again just like in life things go in stages - or just like a
baseball player or some sports guys - they go through periods of
hot and cold, same for the systems. Also the systems are not
asleep, only the mean reversion, the trend following are fine.
Also, there's a lot of other system type things here that we post a
lot such as VIX systems, NYMO/NAMO and many of the custom
indicators
Look, would I like it if the mean reversion systems had done
more trades this year, yes? But, that said I think we have a
fantastic product here with BPT from our analysis, to our trade
ideas, the KISS trend systems, mean reversion systems, and
education. I would hope you see that there's a lot of value here
even when the mean reversion systems are not doing much and I hope
you stick around with us
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Manual trading is all I
Reversion to mean systems should have picked up on this, ...
Posted by vasiboy on 24th of May 2023 at 08:41 pm
Manual trading is all I have ever done, I have my own methodology and risk tolerance and I predominantly trade forex and indexes (worldwide).
Reason I subscribed is because of the advertising you were doing saying things like we made 4000 spx points with our system trades, and the systems are asleep.
Matt is the best automated
Posted by junkie on 24th of May 2023 at 09:12 pm
Matt is the best automated system developer I have met. He is very talented in this respect, and his potential is largely underutilized.
Regarding the systems, I am of the opinion that his systems were developed and backtested for bull markets. During this bear market, a lot of settings no longer apply which result in missing trades or stuck trades. What seems to work in this bear market is quick trades with short duration. A variation of day trades that spans under one day or a day or two at most. Perhaps, a system based on 30- or 60-minute times would be optimal, and trading is done on micro futures to ensure entry and exit as needed. Also, micro futures contracts permit to dispense with the $25,000 requirement for day trading that limits many small account holders.
Back in 2015, Matt devised an automated system based on 60-minute charts. The idea was good. Perhaps, it could be revised and reimplemented. I see it as rather viable.
thanks junkie, I appreciate the
Posted by matt on 24th of May 2023 at 10:07 pm
thanks junkie, I appreciate the kind words and also your ideas.
yes I've started working more on short-term systems, I have some ideas there that we might be able to use eventually
yes regarding system building I spend what 3% of my time doing that, and the rest on all this other stuff. Like I said last week, in an ideal world that's all I would do, is be in some very cool room with powerful computers where I build systems all day long, I'd love that as that's my passion.
and yes the market is now so short term based - such as these ODT options that expire the same day, that's now the largest volume in the options market, everyone short term gamblers now.
that's great about you being
Posted by matt on 24th of May 2023 at 09:11 pm
that's great about you being an astute trader, we should have more than enough trade ideas for you to find plenty to trade, our trade ideas have been knocking it out of the park.
Regarding the reversion to mean systems, yes last year they killed it, over 4200 points on ES, and something like 120 trades. Those systems thrive in high volatility, where the VIX is high, and last year the VIX stayed in the 30's almost the whole time. This year the VIX has been in the teens and so the systems have done a lot less trades. It's very understandable. That will change, and the mean reversion systems will likely start being more active again later this year.
again just like in life things go in stages - or just like a baseball player or some sports guys - they go through periods of hot and cold, same for the systems. Also the systems are not asleep, only the mean reversion, the trend following are fine. Also, there's a lot of other system type things here that we post a lot such as VIX systems, NYMO/NAMO and many of the custom indicators
Look, would I like it if the mean reversion systems had done more trades this year, yes? But, that said I think we have a fantastic product here with BPT from our analysis, to our trade ideas, the KISS trend systems, mean reversion systems, and education. I would hope you see that there's a lot of value here even when the mean reversion systems are not doing much and I hope you stick around with us