Frosty's auto-trading bot goes live with REAL money

Quote from JimmyJam:

Pretty much
If the offer were legitimate if would have been made in private.
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i am still puzzled about this little debate and some logic
i still do not get. first what the hell did you think i WAS
offering? i mean i was clear in my post that i did not want
details of his system, so what could my hidden agenda
be? selling a software to a newbie who is struggling
with a single figure account? selling a trading system
to him? where he just experiences the problem of
papertrading versus real i could make him trust my
backtested system? or would i want to sell him
programming hours, though he obviously 1. can
program himself and 2. cannot afford it anyways?
"The fact that it was in public takes away any legitimacy that it has."
excuse me, you are saying in public that you ...
"... think it was bullshit."
and i have to reach out a helping hand in private in
order to be legitimate? as if the very act of helping
was something so much unheard of that in order to
make it gain legitimacy it must be done in private?
"It doesn't effect me one way or the other."
yet you basically claim i am lying though as
far as i know we never had any contact before? if it
does not effect you, then why do you insult someone
for no reason?
 
very frank. my offer was serious and i did not lie about
our background. i don't want to bash around with you
guys wasting your time and mine.

frost, do well and don't give in too easily.

good trading to you all.

bye.
g
 
Quote from man:

very frank. my offer was serious and i did not lie about
our background. i don't want to bash around with you
guys wasting your time and mine.

frost, do well and don't give in too easily.

good trading to you all.

bye.
g
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so send'em the info or shutup already!
 
Sorry about missing the trades on a good up day, frosty!
But I guess you can always see it as experience gained, and hopefully start to keep things like this in mind! :)
 
Quote from frostengine:

-$204 today.... not a good day again..... one day this will turn around.. maybe if i'm lucky ;)
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Sorry to hear about the bad day Frost.

To tell you the truth, since you're smart enough to figure how to design this trading bot, I honestly can't figure-out why you can't get it to do basic trading for you.

That's not a flame, that's the truth.

Here's a company that also has trading bots, if nothing else, you've brought this aspect of trading to our attention.

BioComp Systems

There's plenty of information listed under For Yourself and For Developers
***
I don't know what to say about the trading.

The market had a basic Down-Up-Down with serious range extension to the upside.

Maybe you should try actually working with another trader to figure-out why the Bot doesn't Go Long when the market is going up or Go Short with the market is going down.

From what I understand man's offer is legit, so maybe you should look'em up ... and if not him, obviously a lot of traders made money Friday, so maybe they can assist you.

Me, I think your trading one of the most volatile financial e-mini contracts around with a system which shouldn't even be trading, period.

What I'm saying is for your benefit, not mine.

Best Regards,

Jimmy Jam
 
frost

Most ER2 bots I know either trade only during a limited time frame per day or adjust their settings according to market behavior.

For instance, I know a couple that only trade during the first 30 minutes of trading after the opening bell because there is a couple of whip saws as the futures price adjusts to buying and selling pressure. I have seen some of these bots doing very nice consistent money over and over again but they rapidly lose the edge after a couple of minutes. Some of them trade until they reach a certain profit target and then close the operation until next day.

Others trade based on complex market conditions criteria, which leads to opening short term trades as few as once a week or so. These are most often quite complex and expensive to program because they absorb many sources of external data coupled with econphysics analysis in order to capture some outlier that might be worth trading from time to time.

Anyway, just my 2c.
 
I've enclosed an update analysis of the trades in an excel spreadsheet, along with the trades which I took based on my own analysis of the markets (chart.xls and pix 1 through 5).

Most of my trades are based on the ES, if I gon't get the setup I like, I look to the YM.
***
What this analysis tells me is that, first of all, succeeding at intra-day of the indices is very difficult, even for a human that is processing the information, you have to be very disciplined and look at the long term picture.

I always trade with the trend (which is why I didn't get a piece of Friday's short squeeze), cut my losses extremely short, try to avoid the chop (good day to catch-up with my Shield DVD collection), and rely on the outsize directional moves to fill my coffers.

Attempting to trade intra-day with a Trading Bot, may or maynot be doable, and to succeed, that would have to be a very sophisticated trading machine.
***
What occurred to me while I was at the tail-end of the analysis (and really, which is why I put so much effort into these things), is the realization that, while trading intra-day might be too difficult, and ultimately a losing proposition due to commissions, slippage, over-trading and a limited number of trading opportunities for range expansion, using Bots to swing trade is very likely to succeed for all of the above listed reasons.

Best Regards,

Jimmy Jam
 

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