Automated Trader vs Manual Trader

All I can tell you is to keep at it..... it can be very discouraging... but there are profitable strategies you can stumble on.. if you simply plug in strategies you found in books and try to tweak them your going to be in for a long hard road... think creatively and out of the box.... try putting together strategies that goes AGAINST what you have come to expect from reading books and such and you might be surprised what you find....

Also, with the exception of only a few stratgies I have discovered, MOST stratgies are actually hurt pretty badly by stops..... regardless of what people may tell you, stops are not always a good thing...

Good luck
 
Quote from newbie2006:

mackim,
start incorporating market delta with the above strategies, you might find this helpful
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What do you mean by "market delta"? I haven't read too much financial literature ...
 
Quote from nononsense:

I wouldn't dear to call those 14 strategies "profitable" given the information that "occasionally these systems break" and need constant "re-tweaking".

I agree with you that developing automated systems is a lot of work. I have only ONE SINGLE system but I worked about 10 years on it.
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Oddly enough I don't know any successful traders either automated or discretionary who utilize the exact same methodology with the exact same parameters indefinately.

If you are really serious about being a strictly mechancial trader either automated or semi-automated, then you cannot trade off of market "hunches".

That being said, I have a methodology in place to alert me when a system is going bad and when it does I simply replace the system with a re-optimized version or replace the strategy entirely as needed.

If you've actually worked on a single system for 10 years good for you. I hope it continues to work into the future for you. I've had a great deal of success using my methodology and am quite satisified with it (which is really all I care about).
 
Quote from makcim:

Hi, all.

I have spent months trying to create an automated trading system (mainly interested in index and currency futures, since they are quite volatile).

I have:

1. months of intraday market data
2. a simulator, which I wrote in perl

I have tested all kinds of strategies including but not limited to: market making with protective stops, entry stops with take profit limit orders, trailing stops of all sorts, order entry based on the standard deviation of X number of last prices, etc..

None of the strategies above gave me a positive result. I'm not sure how to proceed.

Does anyone have any suggestions?
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Yes, stay simple (less than 10 inputs) and try a longer time frame. Nearly every trader I know wants to trade 10 tick timeframes. You won't be ready for that until you have mastered long term and swing time frames first.
 
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