A rather slow day, has made several trades but nothing really to latch on to.. currently down less than 100..... so not very eventful at the moment...
Frosty's auto-trading bot goes live with REAL money
- Thread starter frostengine
- Start date
Not close to the size of losses I have been having past few days.. but its a green day 
+$170
+$170
For comparision I just ran a backtest of today and had I run method 2 instead I would have only made $70...
Frost,
I just caught up with your thread and find it interesting in that I too have been trading a counter-trend ER2 system that makes no trades before 9:00am Central time. However my system (which is not automated) only places 1 trade per day but only trades about 85% of days. Your system kicks my system's ass regarding total P/L. My P/L curve is attached for 1 contract traded at a time (represents about 3 years). X-axis is days traded and I began trading system around day 530 which was 9 months ago. (before that is backtested curve).
How many trades/day does your system average?
I am just now pulling out of my biggest drawdown over the 3 year period, around $3k. Before that I expected the max. to be around $2.5k. For that reason, it is important to have enough capital in your account to keep on truckin'. I use $10k capital for each ER2 contract traded as my guideline. I am experiencing many of the "feelings" you are regarding the system. I am confident my system should continue to be profitable but in this business nothing is for sure. Good luck with yours going forward!
And I like the curve for your system #2 better but only because the profit per trade is a little better. Tough call...
I just caught up with your thread and find it interesting in that I too have been trading a counter-trend ER2 system that makes no trades before 9:00am Central time. However my system (which is not automated) only places 1 trade per day but only trades about 85% of days. Your system kicks my system's ass regarding total P/L. My P/L curve is attached for 1 contract traded at a time (represents about 3 years). X-axis is days traded and I began trading system around day 530 which was 9 months ago. (before that is backtested curve).
How many trades/day does your system average?
I am just now pulling out of my biggest drawdown over the 3 year period, around $3k. Before that I expected the max. to be around $2.5k. For that reason, it is important to have enough capital in your account to keep on truckin'. I use $10k capital for each ER2 contract traded as my guideline. I am experiencing many of the "feelings" you are regarding the system. I am confident my system should continue to be profitable but in this business nothing is for sure. Good luck with yours going forward!
And I like the curve for your system #2 better but only because the profit per trade is a little better. Tough call...
DeferMark,
Nice chart. Your system looks really good. That draw down your comming out of looks like it was really rough. I don't know how you stuck with it. I would have been kicking myself everyday. I already do that even when my system is no where near historical draw down periods. Hard to watch real money walk out the door.
My system averages around 4 trades a day.
Congrats and good luck with your system, hope you continue to get good results
Nice chart. Your system looks really good. That draw down your comming out of looks like it was really rough. I don't know how you stuck with it. I would have been kicking myself everyday. I already do that even when my system is no where near historical draw down periods. Hard to watch real money walk out the door.
My system averages around 4 trades a day.
Congrats and good luck with your system, hope you continue to get good results
If $44 is about right for your system per contract I guess I'm not far off. My average is $38 per trade (1 contract). Your P&L overall is much higher due to 4 trades per day, vs. my 1. Curious how much commission did/do you figure in per roundtrip? I use $6.
I use whatever my real comission is at IB. I would have to check to know the actual answer but somewhere around $4.50 a round trip.
Initially I used to use $5... but then went I went to the sim mode I was noticing some slight deviation's from my PL I was acheiveing on there and what my backtested results for the day said it should be. Wasnt off by much but it was off. So now I just use my real commission structure instead
Initially I used to use $5... but then went I went to the sim mode I was noticing some slight deviation's from my PL I was acheiveing on there and what my backtested results for the day said it should be. Wasnt off by much but it was off. So now I just use my real commission structure instead
yet another day in the books. Today the system made 4 trades and ended up making $.80 after commissions and everything...... So can't say today was very good...but its green
Tomorrow is another day.. In a little while I will run a backtest on my strategy #2 and see how it woudl ahve matched up today.
Tomorrow is another day.. In a little while I will run a backtest on my strategy #2 and see how it woudl ahve matched up today.