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What do you mean by ‘the major issue is always margin’?

My own approach is to build a portfolio of systems that are as different as possible to each other, and keep adding more over time. Diversification and a long investment horizon smooth out volatility of returns. No dependency on specific strategies.

I think the duration of ‘proof’ depends on the strategy or investment process. If the strategy takes 5 to 10 trades a day, this would give up to say 1000 trades in 6 months. Plenty of proof for me especially if done over a longer horizon. The process edge, if actually present, should clearly...

Hi - market conditions constantly change. To what extent do you feel the warning of ‘past performance is not a reliable guide to future results ‘ applies? Is it safe to extrapolate from historic results? Just how useful are non curve fitted back tests? Your opinion..

Great insight - thanks for sharing this.

‘Extremely difficult’ is not the same as impossible. It is extremely difficult to take money from the markets consistently over the long term.

The process is to combine risk management, psychology and a market edge of some kind to take money from other trading accounts that belong to very smart participants in a zero sum game. Extremely difficult. There is no mathematical formula that will ever do this. Programming can be helpful but...

Many thanks for your comments and suggestions- trading evenings is definitely something that might work and/or early morning. I will investigate this. Working with a small basket of markets might work well with compressed trading hours.

Many thanks for your thoughtful comments. I particularly like the idea of organic growth, and not funding the venture from third parties - if at all possible.. Family dependents tend to rule out living on a tin of beans a day and renting rooms out. I built a business before from scratch on this...

Funny..

Thanks for your illustration- how about making 4000 usd per month with a 30,000 usd account. Living expenses set aside for 6 months in advance initially. ?

Hi - about 8 years ago when I started trading, I did most of my trades within the forex market. Could never trust the brokers and forex being largely unregulated, I switched to futures on tradestation. I haven’t looked back...

Many thanks for your clarity and perspective

Can you define ‘completely automated’? Why do you completely discount non automated trading?

Win rate is always important although it can be lower if the risk/reward ratio is high. However, low hit rate strategies can have bigger drawdowns and for longer, making them difficult to stick with. .

Thanks. Note:- I am willing to fund the process, I just don’t have enough. Slippage has been factored in. Agree that live trading is different to sim/ backtest. However backtest is the starting point for testing an idea

Certainly an option thanks

Good perspective- thanks.

Many thanks- I will certainly check this out.