ES Journal Archive (2009 - 2010)

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Bighog you said,

"PS: Fully automated systems to sleep at noght in EURO and ES etc, is a pipedream. Never gonna happen, never has, never will."

I enjoy reading your posts, they are always full of life and vigor.

BUT

that statement is asinine. 100% inaccurate.

BUT

I exclusively trade the ES No-Globex session and stocks during US hours only.
 
Quote from petty1978:

One advantage is I am able to trade for 20 clients, fully automated. I have an infrastructure built that supports all of this. Bighog its ALL technologically based and without it, I would be a guy trading just for myself and make less money. That was not what I wanted.

I am heavily business oriented. Trading just for myself was not challenging enough for me.
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Obviously , you have a fully redundant system and do you write your own code?

Can you tells us a little about the power you have to support your trading..

NiN
 
One of these mornings you will wake up broke. There is no system that is failsafe. SHIT happens!!!!

Trading more instruments because of Technology is not an advantage over anyone else, i for one used to trade approx 20 different commodity futures all at once on the TELEPHONE. Every retail person out there can trade as many stocks etc as they please, all from a single pc.

When are you going to SPAM us? :)
 
Quote from Now is Now:

Obviously , you have a fully redundant system and do you write your own code?

Can you tells us a little about the power you have to support your trading..

NiN
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Hello-

I am server based via RackSpace.

Most of all of our code is C# and .net framework. We started this all out utilizing ActiveQuant code base. At this phase, our framework is proprietary. There are many different components involved.

I have a developer as a business partner and he manages the contract developers and network/health diagnostics/redundancies. But yes, we have many many redundancies in place.

If you like message me private and I can go into more detail and give you more insight.
 
Quote from Now is Now:

You are right , but if one can develop a sound mechanical system ( We trade 2 for Euro) it is very convenient as it trades while I am sleeping...the "tweaking" is limited to review of optimal levels....profit target, stops on a weekly basis...decisions made...trades accordingly until next review... Btw, system has a couple of "safety valves'...

In turn it provides opportunity to focus on our discretionary ES trading...ideally would like to automate when we are satisfied with consistent performance.

I never trusted the concept of automated systems, but now do see the real advantages and "relief" of doing it...

NiN
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agreed on all counts... I know of institutional traders who are fully automated as you describe. I know of retail traders who first master the understanding of discretionary approach and only then can understand the limits of mechanical trading.

for the guys (gals) who think they can simply datamine enough stats to whip up a moneypress system on pure computer prowess alone, never going to happen. but for those who understand the concepts of discretion and narrow that down in rigid systematic language, it's all good :)
 
Quote from bighog:

One of these mornings you will wake up broke. There is no system that is failsafe. SHIT happens!!!!

Trading more instruments because of Technology is not an advantage over anyone else, i for one used to trade approx 20 different commodity futures all at once on the TELEPHONE. Every retail person out there can trade as many stocks etc as they please, all from a single pc.

When are you going to SPAM us? :)
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I don't need to Spam anybody bighog LOL. But I understand you do not know me and have seen these boards abused.

Facts are: I don't need your money, business, support, attention or association. Everything I do is closed ended-local and by strict referral only. Most of my clients are part of a "group" of business men that start a trading LLC and come to me with larger buckets of cash. My reputation has been built on returns. I do not solicit anyone. Especially on these boards!!

My information is FREE, its self-served, at your leisure. If no one has any desire to learn anything from me, I am perfectly ok with that.

bighog you are more than welcome to email me privately with concerns or interest. Or come on out and visit us!
 
Quote from austinp:

I know of retail traders who first master the understanding of discretionary approach and only then can understand the limits of mechanical trading.
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This is exactly right.
 
Lets be clear, i say automated SYSTEM is not possible, i stand by that statement. What i am saying is a COMPLETE trading ststem is not possible as a "one fits all". Surely certain individual "tactics" can be automated, such as an OCO order etc.

To say a system can be written to trade an entire days in and outs of a futures contract is not gonna happen, far to many variables to contend with.

There is a guy that is big in that and he fully agrees that in order to trade automated and come out ahead you need to monitor DIFFERENT TACTICS (systems) and plug some in and at times unplug some. He says he never has seen a COMPLETE system and surely never will.

PS: Thks for invite but i will pass, have enough plans as is. :) :cool:
 
Quote from bighog:

Lets be clear, i say automated SYSTEM is not possible, i stand by that statement. What i am saying is a COMPLETE trading ststem is not possible as a "one fits all". Surely certain individual "tactics" can be automated, such as an OCO order etc.

To say a system can be written to trade an entire days in and outs of a futures contract is not gonna happen, far to many variables to contend with.

There is a guy that is big in that and he fully agrees that in order to trade automated and come out ahead you need to monitor DIFFERENT TACTICS (systems) and plug some in and at times unplug some. He says he never has seen a COMPLETE system and surely never will.

PS: Thks for invite but i will pass, have enough plans as is. :) :cool:
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I would be more than happy to GIVE you C# code for a profitable signal for the ES that you can throw into NinjaTrader or somewhere else that utilizes .net if you like. Obviously the system itself is automated but everything else around that code probably wont be as ours is. But thats just a matter of implementation.

Thanks for the interesting conversation this morning and I appreciate your opinion regarding these matters. It is interesting to see how people "think" about trading and what is possible.
 
Quote from bighog:



To say a system can be written to trade an entire days in and outs of a futures contract is not gonna happen, far to many variables to contend with. B]
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In a sense you are right , Bighog...but if you has written a strategy that supports trading "all day"..it would have been with the knowledge that it worked in the discretionary phase....other wise you will taper it accordingly...and you will find it was not necessary to run "all day"...therefore you will establish shutdown times.

I am a numbskull when it comes to code etc, but I can tell you that if you can find a good systems engineer that you can trust, a lot of your good trading techniques can be developed to automation level and you will be confident in it....

Admittedly, I was VERY reluctant to go that way...and it is NOT for everyone, but I have to tell you I am actually MORE confident in my trading abilities by simply going through the process of automating (long hours) with my discretionary trading as I now know what to "look' for as a red flag that was not evident previously.

There are many "tools" a good software engineer can bring to the table that will be beneficial.

Of course, the key is to have a sound strategy otherwise you have nothing.

Hope this helps...

NiN
 
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