Has anybody ever had a consistently profitable algorithm automated?

[Kohanz]

Quote from bwolinsky:

If he's not getting a newsfeed, and placing orders from string length searches, then his only option to make trades with such a description has to be based on price. There's nothing else.

Right, and my point, which you are repeatedly missing, is that based on that one post, you have no idea whether he uses a news feed or not. You have no information on his system whatsoever other than it was translated from his manual trading and that it was built up from .NET.

You assume that he is only using price.

He may even be trading based on the weather forecast for that day. Who knows? That certainly wouldn't be TA and since he didn't reveal any detail about his system at all, we can't say whether it's TA or not. We can assume, but we all know what they say about ASSuming!

 

[intradaybill]

Quote from pmg:

Now I would like to ask you, if there are any people here, who made it happen and have such algorithms running. I am not asking to reveal anything, just let me know, if it's possible or not.

As far back as in 1993. All custom hardware/software with broker.

If you want to use indicators in a statistically significant manner you should be prepared to accept large drawdown. If you optimize, you will have a random system.

If you are looking for a trading system via random combinations of indicators you are doing manually you should know that at least one million traders before you tried them already.

http://www.elitetrader.com/vb/showthread.php?s=&postid=3370846#post3370846

 

[NY0BScalper]

Quote from bwolinsky:

Nothing that can be coded and look at price and price only can ever be considered not to be technical analysis. This is a ploy to convince the duped that they are not using a buzz word with such negative connotation that whenever I hear you've coded something in easylanguage, no matter if it uses indicators or not, it's still TA. With a portfolio optimization then you might stretch and call it quantitative analysis but it's still TA, so just relax about that. Using pre-built indicators is not a condition of TA, but it is a condition for any model that looks at price or volume inputs and waits until it has its magic number to fire a trade.

You can admit your program is only analyzing pricing chart history and realize you're still doing technical analysis or persist as smurf continues to do that you're not using TA when TA is, by definition, any algorithm or method you use that takes price and maybe volume as its input, then predicts a market move by placing a trade for you.

You don't have to tell us you're not doing TA because you are. No matter what happens from this point forward please realize that just because you're not using indicators does not mean you are not using TA, because indeed you are, and it doesn't matter if you coded it custom or not. It's still considered Technical Analysis.

I've seen you flame other people in the past and, though I generally agreed with you, found it a bit harsh. In this instance, you're making a mighty fool of yourself.

Yes, looking at price chart history, or volume, or price along with no indicators is still TA.

I WASN'T DOING ANY OF THAT!

It doesn't look at past price points to make trades. It uses no historical data. Such systems are clearly outside of your awareness and comprehension, and while you will argue that it's impossible, that surely I "must" be looking at some past data because then what it is relying on, you're, erm. Wrong. I'll leave it at that.

 

[NY0BScalper]

Thanks, Kohanz, for seeing how presumptive someone is being.

There's another option for how my system could have been trading that I haven't seen considered. It wasn't weather or data unrelated to the stocks it traded, and it wasn't "price" in the traditional sense. Definitely not anything that could be considered TA, by any definition.

 

[hkrahra]

Quote from bwolinsky:

You mean like this?

No,like this!

 

[Kohanz]

Quote from NY0BScalper:

Thanks, Kohanz, for seeing how presumptive someone is being.

There's another option for how my system could have been trading that I haven't seen considered. It wasn't weather or data unrelated to the stocks it traded, and it wasn't "price" in the traditional sense. Definitely not anything that could be considered TA, by any definition.

Are you inviting us to a guessing game?

Level 2 data?

 

[bwolinsky]

Quote from hkrahra:

No,like this!

Thanks for showing off your noobness.

 

[bwolinsky]

Quote from NY0BScalper:

I've seen you flame other people in the past and, though I generally agreed with you, found it a bit harsh. In this instance, you're making a mighty fool of yourself.

Yes, looking at price chart history, or volume, or price along with no indicators is still TA.

I WASN'T DOING ANY OF THAT!

It doesn't look at past price points to make trades. It uses no historical data. Such systems are clearly outside of your awareness and comprehension, and while you will argue that it's impossible, that surely I "must" be looking at some past data because then what it is relying on, you're, erm. Wrong. I'll leave it at that.

Then you're trading news, and there's nothing else.

 

[Wide Tailz]

Quote from NY0BScalper:

I've done it. It took the following:

I already had a strategy that worked manually. I saw that automating would allow it to be significantly quicker to react to certain situations.

I haven't met anyone who had a profitable system built in Trade Station.

I've never met any trader who had consistent profitability based on indicators.

1. I basically used the same process - had a good manual system and wanted more precision in the execution without the need to hover over the console all day

2. I adapted the manual system to TS / EL and produced two variations, each under 8 lines of code - one for SPY and another for individual stocks. Both are proving out nicely in forward testing. Both are based on indicators. PF's range from 1.5 with 55% win rate for the SPY version which goes long and short, to 3.5 going long only, with 45-50% win rate, depending on the price action of the given stock.

3. Go where no one else is. You haven't tried everything.

 

[NY0BScalper]

Quote from Kohanz:

Are you inviting us to a guessing game?

Level 2 data?

Actually, it was just level I data. Price, size for each market center. No time and sales, so you can't call it price action/price/TA; besides the trades that were people taking the other side of my robot's traders/orders, if no other trades went off, my bot would still trade (based on the quotes), hence it's certainly not based off of TA.