Developed a very good algo... Now what?

[wintergasp]

Thanks. My comments:
1. Yes, IB are better than FXCM, but the fact that my system is profitable under FXCM as my broker (with 2.5 pips per trade, whereas IB gives 1.5 and lower) says a lot doesn't it?
2. Could you please send me one to take a look? I will aprriciate it alot (adibi83@gmail.com)
3. Futures. Noted.
4. Tickstory isn't reliable? And again - my system is not day trading or something like that. Even if tickstory's data if offset in 5, 10 or even 20 pips - it would not make a differnce.

It's more about looking professional than the reality of tickstory / FXCM.

The only platform you may use to look professional is Deltix but that's 10k$ per month per computer.

Nobody serious has FXCM-based track-record. In the futures industry, TradeStation is fairly good, we use it at work often to try quick ideas, yet if you walk around with a TradeStation track-record you won't be taken seriously.

That's the only reason why we pay 16,000 £ per month to clear at JP Morgan instead of 0£ per month to clear at Interactive Brokers.

 

[algofy]

It's more about looking professional than the reality of tickstory / FXCM.

The only platform you may use to look professional is Deltix but that's 10k$ per month per computer.

Nobody serious has FXCM-based track-record. In the futures industry, TradeStation is fairly good, we use it at work often to try quick ideas, yet if you walk around with a TradeStation track-record you won't be taken seriously.

That's the only reason why we pay 16,000 £ per month to clear at JP Morgan instead of 0£ per month to clear at Interactive Brokers.

BSD

 

[Van_der_Voort_4]

The only platform you may use to look professional is Deltix but that's 10k$ per month per computer.

Couple years ago I met a programmer who was on a team that designed and build the platform Deltix,still keep in touch with him.

 

[wintergasp]

Couple years ago I met a programmer who was on a team that designed and build the platform Deltix,still keep in touch with him.

It's extremely powerful but a bit pricey IMHO, they have lost quite a few clients since AlgoTrader and a few other providers started offering similar if not better software at lower cost AND offering it open source.

At some point they had something like 120 employees for 30 clients or something

 

[Van_der_Voort_4]

I was a bit critical and this is always frustrating.I will write this as another guy sitting next to you and speaking his mind.To give you good analogy about robustness and all that.To me this manifested itself in team sports.

My moniker is number 33 and when i was watching sports and also analyzing semi random sets of data,be it any stock,commodity prices i was intuitively searching for all around good solutions.And this is difficult,because when i made one part better,other part suffered in performance.Strive for limited weak points i understood better before i knew definition of robustness

Scottie Pippen was always my hero,not Jordan.I always much more admire all around solid stats.In approach to things this concept fascinates me.

 

[SoesWasBetter]

I was looking at the linked timeframe (live) which is quite short.

PS your embedded pdf charts are a very low resolution and you can see squat if you zoom in

 

[digitalnomad]

That's the only reason why we pay 16,000 £ per month to clear at JP Morgan instead of 0£ per month to clear at Interactive Brokers.

Just curious. Are you implying that IB is accountability incompetent? Confused here.

 

[Adibi83]

If it helps you get to another "level" it's all good,by this i mean going further.

My view all along is you only double up adverse signals in one of the strategies.
This is why i wrote "running remaining 4 strategies cover for that some of the time".
To me this was obvious,sorry i did not put this in wording in first paragraph.

I know you will not double up in all of them,because i done tests,manually to that so there is huge amounts of work done.

Now you tell us you double up in two of them,at least cut this down to one if you have to.That would be risk control.But the system is not robust and nothing will cheat this important factor.I understand are going back to initial amount and hedging,nothing wrong with running 4 strategies that are not correlated to the one that exposes you to most risk.The problem is this rare situations when you put yourself to the wall and bet 8 units.Your weak point,because you don't know and nobody knows for sure the distribution of this occurrence.So far you run into two of them.If you run into few of them in short period of time you will not recover from this drawdown.This is what i am trying to say.

You will go to another level if you are not stuck in a rut,and another level and another
To find robust strategy is a large number of trials and errors.
Good Luck !

Ok, last thing though: I'm not reaching 8 units in 2 of my algos; only in one. In the other algo I can get to 4 units and that's all. As for the one algo that can go to 8 units - not only that it's rare, I also took into account a "black swan" scenario in which I lose several times in 8 units. That's why I use low leverage in the begining.
I think my system is quite robust, as much as you can use this word in the forex market. Let's say that if one they I will be in an 8 unit position and suddenly a violent flash crach will occure to the other direction and my stop loss order will not be implemented, that could be ugly. But that kind of scenario have the potential to crash many algos and brokers, as you probably remember from the SNB case.

Many thanks!

 

[Adibi83]

I was looking at the linked timeframe (live) which is quite short.

PS your embedded pdf charts are a very low resolution and you can see squat if you zoom in

What do you consider to be long enough? 3 years?

 

[SoesWasBetter]

It all depends on the market, # of trades, the method used, the risk, too many variables to answer. A pro will know something good when they see it. If you're not getting responses, there's something they don't like.