I wrote a bot and gave it 25k to trade

_terminus_ said:
Yes, I meant that I tried several versions of the system with other futures (commodities) not only index futures. And that an unmodified version of the system works pretty well with MYM and MES. Despite that MNQ produced the best results.
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I see. I get the impression from the charts you posted, and your replies to my questions, that your system performs at its best when there is a persistent upward trend.
 
Speaking of old technology, coolest thing I've seen in the realm of high concurrency / functional programming is the Erlang / OTP (started in 1985). Programming in Elixir on top of that platform should be ideal for trade decision / state management.

OP, I think your success on the 1 min NQ/MNQ is a result of knowing when not to take trades. Trend trading it with high MFE / low MAE is the easy part and no one needs years of backtesting data to prove that.
 
SteveH said:
Speaking of old technology, coolest thing I've seen in the realm of high concurrency / functional programming is the Erlang / OTP (started in 1985). Programming in Elixir on top of that platform should be ideal for trade decision / state management.

OP, I think your success on the 1 min NQ/MNQ is a result of knowing when not to take trades. Trend trading it with high MFE / low MAE is the easy part and no one needs years of backtesting data to prove that.
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:thumbsup:
My reduction of "Let your winners run; cut your losers short." is

"IN with a SHOUT; OUT with a WHISPER."

This leads to lost (un-earned) profits in trend-continuation paths, but then it also invites further investigation for secondary trades (on completely unrelated triggers) including time-based: In on a good-suggestion; out in 48 hours...

The idea (for me) remains: don't be glued to the screen....

Ethilaloth said:
can independently develop a system that will work in parallel with the main trading and provide additional income. Why am I talking about this particular format? Because I am fully convinced that trading needs personal attention and understanding of all the details of this issue.
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:thumbsup::thumbsup::thumbsup::thumbsup:
At this point (of nearly 15 years trading), I think a new trader could do worse than learning to tick-scalp off of the DOM and a 1min chart, and to also spend time *restricted* to EOD data. Nose-to-screen, and forced-absence. :wtf:

:cool:
 
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Another short trade just closed +459$.

pfolio.jpg
 
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_terminus_ said:
It took me about one year to develop the first working version, albeit I started working on this project many years ago. I've been a freelance coder and IT consultant for 35+ years.
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mr _terminus_, something tells me that you have cogent documentation to go with your system. techno dub reco's? Thx
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_3 contracts; when would be good to go to 3+?
if that's of interest,
chapters 4, 5 & 6 might be worth a browse...
https://elitetrader.com/et/threads/fixed-ratio-position-sizing-money-management.303441/#post-5012086
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then there's this,
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_terminus_ said:
Most importantly, I could have never completed this software without listening to high volume dub techno all day long.
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Exactly my approach as well, except +4-7 cups of coffee...not because I need the caffeine...just because that is what I do when I'm tap tapping on my computer.
 
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