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.
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Matt is the best automated
Reversion to mean systems should have picked up on this, ...
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.