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Last monthly IB statement follows.

You're running the risk of upsetting Maestro Taleb. He's fond of anything Lindy.

Furthermore, if I manage to achieve a relatively small drawdown (high recovery factor) I can make better use of leverage. So even with less trades, I can - theoretically - achieve the same effect of many smaller trades targeted at volatility. At least this is what I'm trying to achieve.

Exactly. Impossible in my case, I'm trading 1 micro e-mini contract at a time.

I'd dare to say fundamentally important. All strategies that I've deployed so far try their best to reduce output volatility (equity curve), and in so doing they stay away from input volatility (price). This may not be a universal law, I know many traders prefer volatile phases, but this is the...

I was kidding too (although not sure up to what extent). Both positions closed yesterday at 10062.75, +89$ and +282$ respectively. New position opened at 10068.

Ok thank you for your warning, I'll stop then.

Position added @ 9921.50.

Mmh... no. This algo could also work decently on SPY and DIA, but it's optimized for QQQ/MNQ. Any different combination other than MNQ-only tests worse in terms of recovery factor, which is the metric that I personally value most.

Go ahead, don't let laziness stop you.

As for programming languages: Efficiency is a refined form of laziness. Any good programmer is a lazy, mildly arrogant SOB. RAD environments such as Python are not at odds with low level/high efficiency languages like C/C++. Any non trivial system tend to leverage on both aspects. In my...

My current algo core is exactly 80 lines of commented C++ code, 5 entry conditions, 2 exit conditions, 15 constant numeric parameters. Standard indicators, plus one custom designed indicator for volatility.

See above. My current algos treat all trades as independent events, meaning that none of the algos that I developed so far work as a reversal system, if that's what you mean.

I use stops, profit targets, trailing stops or time stops depending on the specific algo. I don't use hard stops, i.e. stop loss orders sitting on the broker's server. My system takes care of placing orders at the required time. Also, I'm only using market orders at the moment. Regarding money...

Yes, I currently trade MNQ only. Likely so, but my estimation is that the Nasdaq 100 has more potential compared to other stock indexes and instruments that exhibit more erratic behavior. I believe in technology. Define "vaguely".

I forgot to mention that the new algo works on 5min bars. Last entry: yesterday 12:55 long @10017.50.

Hi 1. It's a Microsoft Access 2000 app on a custom designed DLL. 2. I wrote my own platform because I'm a coder, so this is my "recommended" way for running algos live. There are several trading platform out there that require little or no programming experience, such as MetaTrader...

This is the bot live trading window. I took this picture a few minutes ago. Shortly after the two positions were closed.

Automation: this is certainly an automated trading system. However, intervening on it by designing/modifying/enabling/disabling algos is still "trading", although of a different kind. I guess it could be defined as meta trading (no pun intended).

Compounding: I started with 25k and the balance is currently 41k (also thanks to my son's 8k that he added along the way). If and when I hit 50k, I will double the position size, hence 2 contracts per position.