Algo & Quant traders

SimpleMeLike said:
Hello globalarbtrader,

I understand everything you are saying indeed. I run algos before and built them.

But look below please for the day so far.

Even though I took big hit earlier, look the next hour, I was able to recover the loss in the same day. I control my own destined to make the money for the pocket.

If I have algo, I can go drawdown for weeks or month.

Last year I run one algo and lost like $13,000, it is still in drawdown last I check. That was a VERY long painful year last year running that algo.

Last year I waste the entire year make Zero dollars on one algo, that is alot of work for nothing just to lose money. One year down the drain.

Now with me clicking manual I am more in tuned with the market in real time.

I can click as much as I want to ALL day long too. At least the way, I can control may day to day wins and losses.

With algo you have no control, you have to sit and wait win or lose.

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Good job recovering. Even though you say crazy shit sometimes (or most times lol), never argue with $$$
 
hilmy83 said:
Good job recovering. Even though you say crazy shit sometimes (or most times lol), never argue with $$$
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Good Morning hilmy83,

Yes, it is typical. Losses come for sure.

Well, I put it to you this way @hilmy83 show me or give me 1 algo trades the ES or NQ all day long that can make about $500 - $1000 a day, then I will not have to click manually anymore.

I personally can not find that in back test, so I gotta do what I gotta do, and that is click click click click.

In back test programming algo, people forget about the mental wear and tear of clicking back test button +100 times and still bad net profit to drawdown each time. I can do that crap forever, I be an old man still playing around with algos, never make any money.

This is just my personal opinion, only!

Bill due on the 1st, millions needed in the account. 100ES or 100NQ contracts needed on the broker statement. That is all I am saying. Clicking or Algo.
 
globalarbtrader said:
About 50 trading rule variations on around 200 futures

GAT
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Hello globalarbtrader,

Thanks for sharing.

That is pretty impressive your algo trades 200 futures contracts at once. Pretty nice.

I am happy your algo is working really well for you. Keep up the great work.

I stopped my ES algo cause I lost -$13,000 last year. That drawdown is no fun at ALL. All year I was in drawdown. Very painful! This is why I do not trust algo trading system anymore. If you are already rich, you can run algo, but I am not rich.

I am glad you got an algo working in your favor.
 
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wxytrader said:
So like finziv?
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I'm going to guess what you are asking is, an algo like a market/stock screener?
No not really. I have numerous algos and they all do different functions.
For example I have one called SA2 (supa algo version2) which identifies hot to trot stocks, just a simple algo but looks for stocks with high turnover versus price, eg looking for penny stocks displaying huge price x volume, but I add fundamental notes to it about whether I think the company is legit or a scam. I don't use any longer as (a) I can spot this type situation mentally now (b) I'm moving away from trading individual stocks to trading more sector ETF'S.

The one algo I currently use mostly is called 'sentiment' and works around a system similar to Darvas Box but it's my own creation, not borrowed from anywhere.
I prefer my own imagination when creating stuff, so I don't use canned indicators.
Designing your own stuff keeps trading interesting imo.
 
SimpleMeLike said:
Hello wxytrader,

I am not sure what algo trading or quant trading is. I give up on that those 2 things. They do not put money in my pocket.

Algo trading = too hard for me, too much work.

Clicking buy and sell button is what pays me.

$3500 for the month so far.

Show me an algo or quant trader who can do this in the Algo or Quant trading. THERE IS NONE.

Algo trading and quant trading= SCAM

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Looks like there were significant drawdowns with your click-click system? o_O
 
wxytrader said:
Where is the best place to start building an algo?
What is the best broker to run/API the algo?

Also, how are your fees so low? I get dinged $7 per trade lol both sides!
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I use IB, I think most people on ET do but there are others.

On say mini NQ they charge $0.25 per contract.

GAT
 
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