Automatic Intraday Futures Feedback

[fan27]

Hello @Handle123, I appreciate your comments.

The adjustments is a very good point. I have read it multiple times and its expected to do so. The code is not normally open.

Regarding Statements yeah -- I only know three people that gave show statement but one 1 that have it for more than 3 years, and they are good. But not intraday futures.

Regarding large players, I think is also risky for them to run stops - there is not free lunch specially in futures. This is maybe on of the reason why the code is not open. You have to make money from someone.

Regarding they would not share it if it was good enough. COULD Be but I know guys that have good systems and they have difficulties to attach money -- this is why seeding capital for emerging managers is an industry. To take good system from 100k to 1M investments any coder need external help. To take it from 1M to 20M you need friends and families, from 20M to 100M .. need another player.. and from 100M to .. you need large institutions....

I really appreciate your feedback but, very good point with the open code.
Thanks

What would you do?

Another alternative is to invest the money with a CTA or something similar. For example, I know a guy from this site who runs this fund:

http://forexgridsystems.com/

Might be something worth considering.

 

[RandBots]

I will take a look - However FX is not as simple as Futures in my view

 

[Specterx]

Any feedback here will be greatly valuable. I could also share my future steps that can beneficial to all.

If you have other places that provide automatic intraday futures trading I can take a look.

Thanks,

The fact is that nobody with a profitable and robust intraday trading strategy is going to sell it to you for a one-time fee of a few thousand bucks. There's a 95-99%+ chance that any strategy open to purchase or subscription for modest sums either never worked from the beginning, or will soon stop working and leave you with losses.

If someone is a decently skilled trader (or coder who develops a profitable system) and needs seed capital to deploy, they're not going to get that capital by selling subscriptions or open-ended commitments to provide signals to random strangers over the internet. Instead they're going to take their track record to actual trading firms or funds offering deep pockets, infrastructure, potential for collaboration, industry knowledge and connections, back-office support, etc. etc.

If you have real money to invest, CTAs and funds subject to at least minimal regulation/oversight, and who get paid based on performance, are a likelier bet - but it's impossible for an outsider to distinguish luck or survivorship bias from actual trading edge or skill based on a quick look at some marketing literature.

 

[RandBots]

Hello @Specterx this is a great explanation of how the industry really work. The outline of your thesis is flawless. Thank you, I really enjoyed reading your comments.

I am aware of CTAs but even there, intraday trading futures is not consistent enough based on my research. This could be the key. Perhaps you can provide more light in that direction.

If any of the vendor could offer value added then the CTAs or Funds would be the first to buy it. wouldn't they? Or maybe they are not willing to take the risk..

Thinking inside of the BOX, could you agree with me that if 95 to 99%+ will fail -- maybe is smarter to get a few of those and trade the opposite direction of their recommendation. That sooner than later will make money for me while the rest of subscribers lose money.

Thanks guys for taking the time to help me.

 

[fan27]

Hello @Specterx this is a great explanation of how the industry really work. The outline of your thesis is flawless. Thank you, I really enjoyed reading your comments.

I am aware of CTAs but even there, intraday trading futures is not consistent enough based on my research. This could be the key. Perhaps you can provide more light in that direction.

If any of the vendor could offer value added then the CTAs or Funds would be the first to buy it. wouldn't they? Or maybe they are not willing to take the risk..

Thinking inside of the BOX, could you agree with me that if 95 to 99%+ will fail -- maybe is smarter to get a few of those and trade the opposite direction of their recommendation. That sooner than later will make money for me while the rest of subscribers lose money.

Thanks guys for taking the time to help me.

What is your ultimate goal? Just to get a very good return on investment for your friend?

 

[HobbyTrading]

AUM: 20k
StartUp Investment: 5k
Recurring Cost: 500USD (trading plataform, data, trading commission, VPS, Internet, etc)

He is willing to risk 7K of trading capital. Thus he will stop operations when and if the account balance reach 13k.

Seeing this tiny account size I have two questions:
Why does it have to be an intraday trading strategy?
Why does it have to be a futures trading strategy?

 

[RandBots]

when you are out of money maybe you will understand. it's like watching a heard of pigs fly off a cliff this forum. but we never run out of them cause there's a new one born everyday.

Hello @MarkBrown,

Wanted to share some feedback, since your comments are valuable to me.
3 months have passed since I moved from demo to real trading.
Here is a glimpse of the results. Of course high risk was taken.

 

[RandBots]

What is your ultimate goal? Just to get a very good return on investment for your friend?

The goal new is to have a way to help my friend, now, I have data that support that high risk can bring high reward and an strategy that can help him to reach there..

 

[MarkBrown]

Hello @MarkBrown,

Wanted to share some feedback, since your comments are valuable to me.
3 months have passed since I moved from demo to real trading.
Here is a glimpse of the results. Of course high risk was taken.

what was the risk vs the gain? if you risk more than less than 1% on a trade that was too much. the curve looks much like buy and hold, there is a difference between trading and investing.

 

[RandBots]

Clearly, I have risk more than 1%. I was willing to risk 30% of the capital to make 100%. Its not intra-day because sometimes it does not react target nor stop.

Maybe I was just lucky, how can we know? I think that timing is really important and how trading results developed was critical to stick to the plan. Regarding the results, I do not know how to keep kurtosis so low in the future. The distribution picture shows 2 winners that put me at a great starting place.

Now the next question is - if someone really wants to do this for many more years...it is really really hard and the emotional swing can be significant depending on personality.