Automated System Development for Non-Programmers.

[frostengine]

To follow up on some of these posts regarding automated systems..... For thsoe of you looking at an automated system as something simple to just throw together and have it pump out money your in for a big surprise..... Especially if you think any of the indicators out there tweaked just right is going to instantly generate profit... if you want a profitable automated system you have to think COMPLETLY outside of the box...... I have only been able to generate one automated system that is truly profitable, however i'm too scared to even run it because of the drawdowns...

Its not as simple as learning to code and then your going to have something profitable... one thing playing with backtesting and automated systems WILL teach you..... is that finding an edge is a VERY hard thing to do.......

 

[labruin]

Quote from man:


the real advantage of system trading is that you can constantly increase your sharpe ratio. or whatever risk-return figure you might look at. you need to develop faster than systems vanish. if you have that in place you still have to invest time, but you are constantly getting better. that is the charme and the challenge of systemtrading.

people who think they build something and than retire with it, are already dead, they just have not realised.

lol you still don't get it. this just illustrates my point in the other thread, which is that you think just because you can't do it then nobody else can.

the other thing is that with a set of diversified systems you are more likely to survive the appearance of the inevitable black swan.

there you go regurgitating textbook stuff again. all you've said here is "diversify your portfolio." doh! c'mon, man, you are better than acrary, right? he posted plenty of non-textbook stuff that he considered non-threatening to his systems. are you suggesting that anything beyond basic textbook concepts would be threatening to your systems?

flipe side is that it is really hard to continually build non correlated systems. quite difficult not to end with just variations of the same idea again and again.

there you go again, thinking that just because you can't do it then nobody else can.

 

[TSGannGalt]

The success rate for system traders and discretionary traders are the same.

It's a matter of time for these system traders to become a part of the noise.

We all work with the same data. What you see is seen by others.

 

[taowave]

Quote from TSGannGalt:

The success rate for system traders and discretionary traders are the same.

It's a matter of time for these system traders to become a part of the noise.

We all work with the same data. What you see is seen by others.

I woud disagee with that as the "barrier to entry" for system traders is a bit higher than discretionairy traders...

At least your entry level system trader has some clue to risk reward ,money management and expectancy.Most newbie discretionaty traders reside on another planet when it comes to things like that..

 

[man]

i love the ignore list. it is so ... quiet now.
nevertheless some people really misuse
the anonymity of these boards. a pity.

nevertheless, to those who asked
themselves about me and the accusations.
no theoretic stuff here. trading. real money.
team approach. no bs.

thnx

 

[man]

Quote from TSGannGalt:

The success rate for system traders and discretionary traders are the same.

It's a matter of time for these system traders to become a part of the noise.

We all work with the same data. What you see is seen by others.

you are raising several points here. funny i agree with all of them, though i come from the other side ...

 

[TSGannGalt]

Quote from taowave:

I woud disagee with that as the "barrier to entry" for system traders is a bit higher than discretionairy traders...

At least your entry level system trader has some clue to risk reward ,money management and expectancy.Most newbie discretionaty traders reside on another planet when it comes to things like that..

There's a lot of things about the market that I can think of but a simple straight forward point is:

Markets always change. All traders deal with this.

 

[TSGannGalt]

Quote from man:

you are raising several points here. funny i agree with all of them, though i come from the other side ...

It's a simple issue. Newbies don't understand that both discretionary and systematic traders are very much the same.

For some people, they like to seperate it because they couldn't succeed in one side of it. Others just write stuff without really knowing about the other (even both) side (if there is a side)...

Gotta remember that we trade the markets.

There's the MARKET. And we just TRADE IT.

 

[man]

Quote from TSGannGalt:

It's a simple issue. Newbies don't understand that both discretionary and systematic traders are very much the same.

For some people, they like to seperate it because they couldn't succeed in one side of it. Others just write stuff without really knowing about the other (even both) side (if there is a side)...

Gotta remember that we trade the markets.

There's the MARKET. And we just TRADE IT.

my point is that as a systemtrader - if you do it right, which is tougher than newbies might think - you can eventually act as if you were many system traders. as a discretionary you are probably limited to a relatively small number fo setups. it is tough to act as if you were several discretionary traders. though i am not the right person to judge ...

 

[man]

Quote from Trader_Herry:

Do I need to join (trade at) Tradestation Securities before I can use TradeStation?

Is it possible to use Tradestation autotrading system in other brokers like IB?

i think you get TS for free if you are a client of their brokerage, otherwise you pay the regular fee.
i do not use TS for actual trading, but i would think you are definitely not limited to IB. why should you? they are two different firms ... why should there be exclusive connectivity?