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The reason I came up with this poll is that I was thinking of all the time and steps it took me before fully automating my trading, since I started trading in the Fall of 1997. So I was wondering how long it took the others on this forum. Since the Fall of 1997, I tried everything, failed...

Don't answer if you don't use a fully automated trading system, or if, for any other reasons, you feel that you can't answer correctly. By "since you started trading" I mean "since your trading career started", which means the day you decided you were going to be a trader and started working...

Also be careful with "semi automating the strategy". The power of an automated system is that it doesn't react to defeats or victories with depression or exaltation, which cause us to lose our objectivity and in turn lead us to losing all our capital - it happened a few times to me, exactly...

In my opinion, do not give your ideas to your friend, or number one he'll steal them and number two you will always depend on him. Study VBA and easylanguage and develop the whole system on excel (with IB API) and back test it on Tradestation (but maybe this part is not necessary since you said...

I agree with ej420. That's one of the reasons why I use time exits - they keep my strategy simple, and testing shows they work better. On top of it, being a beginner at programming, I wouldn't even have the skills to automate a stoploss. But what's important is using time exits not in the sense...

I already asked a similar question and he replied to it as follows (see quote below). His reply sounds reasonable but also very complicated and it seems like a lot of work in a completely new and challenging direction, and I don't want to get started on this unless it is really necessary and...

What would you recommend for software for back testing and automating a system? I will recommend what I used. I am really ignorant about programming so I used excel for automating my system, building on the IB API sample sheet. For back testing I'd recommend Tradestation (I used the 2000i...

It's all clear, thank you. I will remember these new ideas you shared with me. In the meanwhile the poll has reached 75 votes. What strikes me is that there's a bunch of people investing less than 100k and a bunch of people investing more than 1 million, but very few people in between. It's...

Thank you very much for the detailed explanation. I have partly already implemented your ideas, and what you said confirmed to me that I am not the right path. One important idea you explained that I am totally following is the multiple systems - I have 30. Another part I liked is that...

I don't get it. Do you believe this holds true for all automated systems, no matter the timeframe and no matter how simple they are? Do you find that many people agree with you? Premise: I don't know exactly what walk forward optimisation is, but for this very reason your statement made me...

Has everyone voted yet?

Maybe you are right. Time will tell. These are the facts. No point in lying about the facts. Lost money for the past 10 years. Not in the last year though, ever since I started using systems. (made lots and lost it, twice).

Try and do riskier things while you have the security of holding a job. Even reinvest your whole capital at all times and ignore money management. But before doing so, repay immediately your debt. Only depend on your own money. That's what I did. I reinvested everything for the past...

Oh, wow, that's great. I was just waiting for someone to ask me this question. Do get into automated trading, by all means - just look at the poll if you have any doubts. Over 33% are investing over 1 million dollars. That tells you everything. Could you do that with discretionary trading...

I am looking at my poll again. Now we've got sixty votes. People investing below 50 thousand dollars could also be lucky. I am not saying it HAS to be luck, but for example I've been there twice (around 25 thousand) and went straight back to zero where I came from, due to great performance by...

By the way, I was doing some testing on tradestation, and I just wrote to myself a note, that will be useful if you buy ANF data. I don't know if things changed but with data (on several future contracts) I bought about a year ago I had the following problem. Say you use a 15 minutes...

I would say this, but I am also reminding myself as I say it. You should become more prudent as your capital increases. If you start from a small sum that you don't care about, you can do anything you want with it. But once you get up to five times as much, don't do what I did, and don't...

I was satisfied with their data. Not expensive and simple to use and customize for input in tradestation. But I am not an expert on the quality of data.

I am glad those 50 votes in the poll are showing that this is where the real consistent money is made - automated trading - and these posts also seem to assume that this thread is a natural place to get started with automated trading. I can tell you this much, before I began with automated...

Ok, in case anyone cares, here's the latest development in my trading. After finishing all the formulas on risk and money management (I don't know the difference), I tried some more discretionary, and overall lost money from it. Then I realized that the IB Trader Workstation didn't actually...