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Very good idea! :-) I think i am going to add an <b>automatic folio creator</b> based for now on correlations. Maybe, we can add other indicators later, with practice. For now, it could be nice, given a set of "candidates" (instruments), and a given folio size, to have the bot...

thanks unco. You know from my posts that i assume not to use "prediction". Therefore i dont either use indicators in the sense that i am minimally expecting they predict anything, but giving them a purely mechanical value to detect probabilistic configuration useful to extract profit from the...

I have been doing some refinements to the last charts, and while at it, also refined the previous charts ("folio performance"). For now it can go. Time to return to strategy development ... ;-) <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3189802" width="1200" />

Ok here is a quick prototype of what the correlation view might look like. Just a sketch. Have to refine it ... ;-) Tom <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3189495" width="1200" />

Once one feels the folio is rebalanced, in case he might decide to "resume" the suspended instruments to autotrading. Or he might wait to accumulate more realized.... Unco pointed out in a communication also the importance of correlations. [For instance, we might suspend some...

Here is an example of that. Watching the new folio performance monitor ;-) , I immediately noticed that SI and CT were "absorbing" too much money, unbalancing my folio. So i have "suspended" them (you can see the realized drop were i have been experimenting and playing with "discretionary...

Here is another trading idea for people who like a "touch of discretion" or more than that ;-)) An approach for traders which dont have good capitals could be as follow. It's pretty clear that we make rapidly good money when capturing "noise", which means taking advantage of waves that are...

Ok here is how i have "reorganized" the folio performance panel. I have added the metric smartly suggested by unco. [and also some variant of it like Range in ticks, and using the Realized]. Finally opted for the treeview (on the left) which is handy for the trader and easy to maintain...

hi Unco, About the first one, it's an interesting idea. "profit from a range/trend" is actually dependent on the "pattern" the instrument price follows while covering the range. For instance, for a "straight line" pattern there would be DD only ("investment"). For a pattern with significant...

By applying this concept to the idea of pocketchange to fight correlations, one might for instance "suspend" the most expensive instruments and let run the cheapest of a group of correlated instruments. Take for instance (SI, PL, PA) or (CL, QM, HO, RB) or (ES, YM, NQ) etc. They are probably...

Thank you pocketchange and unco for the interesting discussion. I think that this discussion is actually useful, and what emerges, from a broader perspective, i think, is a <b>discretionary</b> use of the robot. I am infact convinced that while the robot certainly provides useful automatism...

Ah, and this is the global result chart, covered by the folio performance windows (on the left there is the list of instruments). <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3187636" width="1200" />

Ok i have added a few quick indicators to the new "folio performance" panel. For now i have chosen a few metrics, but i am sure that you can suggest more, and more can come from discussion. I will probbaly use later a dropdown list to make it more compact. For now, i have just thrown...

Following the last suggestions, and the proposals by pocketchange and unco i am adding now some visual views of folio performances. Here is a (very preliminary) sketch. The idea is to add the possibility to select different metrics and display the corresponding chart (to do today). This...

Hi Unco, very valuable ideas :-) In practice, i would rather simply leave mostly this to the discretionary part of the bot (like the discretionary bounds, the forced directional entries, and so on). It's just too handy and convenient to manually modify the packet size, in order to...

Hi Unco. Yes that is a very good idea. (Making the basic packet inversely proportional to volatility, if i understood correcly your proposal) :-) One only problem i see, if it is a real problem at all, is that this way (since the min packet is 1 contract) we are forced to make larger...

For a comparison, let's see what something less volatile would look like. This is CHF (green line distance is always $250, compare with SI above ! ): <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3183070" width="1200" />

CL is another example of lucky performer: <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3183067" width="1200" />

This is another lucky performer, RB. <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3183060" width="1200" />

These are SI trades (current: the situation has rapidly changed in the meantime !). [The distance between the green lines is $250, to have an idea of how crazy this is.] <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3183058" width="1200" />