A friend and I went live with an automated system starting in October so I'm about 6 weeks in at this point.
There were many things we learned that were different in"real life" as opposed to papertrading since we are trading equities right now.
We have gone back and forth on the issue of more trades and more potential profits vs less trades and less profits but higher win rate. We started with the more open system and have had some great days and some lousy days.
I think we are now favoring backing down a bit and going back to the higher win percentage play with the hopes of getting a little more consistancy out of our trading.
We have also gone back and forth on the market order/limit order debate and reprogrammed algorithms to shoot for different order prices 2 or 3 times.
So far the results have been ok (modest profit) but not to our liking. The good part is we seem to have worked many of the kinks of out the underlying software. For what its worth we use a combination of AmiBroker (w/ Esignal data), a small VB program and Interactive Brokers.
There were many things we learned that were different in"real life" as opposed to papertrading since we are trading equities right now.
We have gone back and forth on the issue of more trades and more potential profits vs less trades and less profits but higher win rate. We started with the more open system and have had some great days and some lousy days.
I think we are now favoring backing down a bit and going back to the higher win percentage play with the hopes of getting a little more consistancy out of our trading.
We have also gone back and forth on the market order/limit order debate and reprogrammed algorithms to shoot for different order prices 2 or 3 times.
So far the results have been ok (modest profit) but not to our liking. The good part is we seem to have worked many of the kinks of out the underlying software. For what its worth we use a combination of AmiBroker (w/ Esignal data), a small VB program and Interactive Brokers.