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Isn't EU protection much worse than SIPC's? €25k vs. $500/250.

Not possible AFAIU.

Perhaps special UK/US agreements? However this is clearly a retaliatory move by the EU, trying to remove capitals from the UK.

Thank you for the link. That's for sure, but with just one egg you have less options :) I guess SIPC only protects customers of US firms. IBIE is Irish.

Any reference to such European scheme? Then what does that €25k limit refers to, exactly?

Still unbelievable. Very unlikely IB will go bankrupt, but a ridiculously low protection limit anyway. Speaking of which, does anyone know if there is any form of private insurance to protect one's capital from broker risk of failure?

Sure. Even "nicer" is such Irish Compensation Scheme. Would an Irish investor with 1M worth of capital in the bank be compensated with just 25k, if the bank goes bust? Hard to believe.

Today I received a proposal to migrate to IBIE. From "The Documents": "IBIE is a member of the Irish Investor Compensation Scheme (“ICS”), which provides compensation to eligible investors should IBIE become insolvent. Private individuals, that are clients of IBIE, will be eligible to claim...

+++ Monthly (and yearly) update +++ So the bot completed the first year of life. Not a bad start, although I'm not completely satisfied with the way I managed it all. For example I'm currently trading smaller positions, given the recent and still ongoing drawdown. Not sure if this is the best...

I do that too. My trade table has a memo field that allows for inserting comments when required. I have made five such overrides since the beginning and am about 50% satisfied with them. In other words, if I hadn't done them it would barely have made a difference. So even though five is...

Yeah, of course every mistake is such in hindsight. Should the index not have rallied, I would have patted myself on the back. Yet risk has to be mitigated. Especially when using leverage. On the other hand, if you are truly confident in your system, you should trust and not override it. It's...

Worth mentioning that October could also have been a winning month, if only I hadn't made the stupidest mistake a system trader can do, overriding the system. On October 11 I decided to close out manually a few positions, to secure what they were winning. I was worried about the ups and downs...

+++ Monthly update: -4.89% in October +++

Honestly I have no idea. However, that system was clearly more overfit than I cared to admit. Not necessarily a bad thing, as it served me well for several months.

The above graph plots trades occurring on 5-min bars, constructed off 1-min data points. When I only traded EOD, many years ago, I saw the same out-of-sample misbehavior in the systems that I tested, again and again. So i don't believe intraday data can offer any greater warranty or safety over...

Not true, unfortunately. You can very well be fooled by intraday data. Markets do change. Just for fun, I ran the 13-year backtest on my previous strategy, the one that I was using at the beginning of this journey (see the beginning of this thread). The graph below shows the results. I had...

"Reliable" in trading is more a matter of decision than a fact. At the moment I'm not interested in other markets, given that the equity curve produced using just one market and one strategy is linear enough. You don't need many markets/instruments to trade successfully. However, as for...

Thank you. That's why I'm still working in developing a viable short strategy. But: 1) I'm not going to use anything that I'm not confident with. 2) As long as my long only strategy is able to cut off and go flat when the price is going down, I'm ok.

Generally speaking, the older we get, the more we value safety.

Agreed. However, market conditions do change over time so you can be confident only up to a certain point that your system will keep working, even if it tests ok over a very long period.