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looking a little rough thus far today...... I remember last tuesday was the day that started everything off great.. but this one isnt looking good yet.. down about -$250 at the moment..... A long day left though...

Jimmy, Thanks for the info... Well guys... looks like its official the bot lost $35 today...... not a horrible day..... was really slow and only made that one trade... so all in all not dissapointed...

I wonder if a hybrid system may be better than my fully automated strategy... basically I feel really good about the entries, but exits are horrible in this system..... Since, I don't have much to do while my bot is trading all day I have been trading the historical data in tick by tick replay...

Rosy2, Good question.... at the moment I do not have much to protect myself in those situations.... and is actually one of my biggest fears with being live with real money. The only way to really be protected from that is to host the bot in a data center....... This is more than likely...

There is one change I decided to make permanent in the system from here on out. originally the system was designed to liquidate all open positions right at 3:00 central when the market closes. However, I was noticing a lot of trades were getting very crappy fills at that time and the market...

ElatedMaverick, Yes the figures are for only 1 contract. My account size is still rather limited at the moment so 1 contract is all I feel safe having it trade.

Bot has closed for the day, it scored $95 on 3 trades..... So totals for its first live week is: Day 1: +$1,450 Day2: +$40 Day3: -$344 Day4: +95 Total: +$1,241 So I am very pleased with the first week of trading..... With next week being thanksgiving and all... not sure what days...

If you are worried about someone tampering with your real account, simply create a demo account with IB.... the data feeds are the same

gonz, Screenshots of the software program, or screenshots of the daily P/L from the system? If your looking for screenshots of the software program I refer you to my previous thread. There are a few screenshots there...A link can be found on page 1 or 2 of this thread.

TheNewGuy, I am assuming you are refering to my actual application and not my strategy. I believe walter may have thought you had asked about the strategy itself and not just the backtesting/automated software. I have no problem telling about the features of my software program, however...

Thanks for all the great input, keep the ideas flowing. It is helping a lot. Johnny, As for as how long it took to build my program. If I was simply trying to build a program capable of back testing and automating such as it does now, and not trying to make it more user friendly for...

walter, I am using a program I custom built for backtesting and automating my trading.

I am looking for an opion here. Lets say I have the method I trade now, it produces X amount of money over a period of time. Now lets say you have method B, this method is a more restrictive version of the origional. However this method produces 30% less total profit than the origional does...

I will look into this "fourier analysis", If I can somehow find a way with any degree of certainty to predict the type of day it probably would greatly increase my profitability.

walter, No, not all of the loosing trades were a loss imediatly following the open of the trade... several of the trades had times where it went rather positive, just did not get any exit signals to take the profit out of the trade.. However, a few of the trades were losses imediately

More than likely today's results was due to it being a range day. The strategy is basically a trend following strategy, so days like this aren't ideal. However it does have the possibility to profit on days such as this one. I have a few things in place to try and keep it out of the market in...

VERY disappointing day. 5 trades for -$344..... 2 hours before market closed the bot was up only $30... and then proceeded to get whipped around on several trades to close out the day... Sad part is, after realizing the other day that tues and wends are the BEST days for the method I nearly...

Walter, Well my strategy is trading ER2 contracts so inherently it is utilizing TREMENDOUS leverage. I force my system to have at least $7,000 in capital per contract which is about 4k over required margin here at IB. Even if I used stops and my system had lower historical draw downs I...

Austin, Glad to know that its not just my strategy that does not do well with stops. I would like to thank everyone for their input thus far and I hope this thread continues to be constructive.

whackamole, I am using market orders. On 3 different "tests" I guess you can say.. #1 being the 2 days of live account orders, #2 being 4 months of running on IB's demo account which actually I believe handles estimating slipage VERY well and is probably on the side of OVERESTIMATING slipage...