Index futures automation

Can a fully automated trading strategy work in the long run?

  • YES!

    Votes: 56 67.5%

  • Hell naw.

    Votes: 14 16.9%

  • I don't know, I got my own trading to worry about.

    Votes: 13 15.7%
  • Total voters
    83
hilmy83 said:
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I would hate wasting any more time on this if I can get better and more efficient return on my money elsewhere.

Time will tell, shortly...
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Hang in there. We share your pain.

The same thought crossed my mind multiple time since I started trading full time in 2010. I am sure many if not most traders have similar thoughts during their journey.

One suggestion is there are more than one way to trade, you don't have to give it up and move to something else. You can do both.

Over the years I developed two methods, 80% of my trading capitals are in positions I hold, typically for over a year each, the balance 20% I trade options.

I am trying to make it a three legged stool: Add day trading to the mix. It is still work in progress, a struggle.
 
Laissez Faire said:
A guy who used to post here once said it's better to get rich slowly than poor quickly. :)

I think Hilmy already did what you suggested in the past bringing 5-10K to 100K very quickly, but then also back down again quickly.

IMHO, unless you have a massive and consistent edge, the way to make big bucks is by scaling into winners, i.e., increasing size as the trade moves in your favor. Done properly, this allows you to take home some massive wins occasionally when the market breaks out and small losses or scratches (on full size) when the trade doesn't play out.

Risk management remains key, so it's essential to never end up in a situation where one trade can break you. This is typically associated with averaging down on a loss (different from scaling in at a pre-determined action zone). Generally, I still think it's better to take a small loss on the initial small position and get back in again at an improved entry point and start accumulating if and when you're right.
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Good Morning Laissez Faire,

I perfectly understand what you mean sir.

I think everything works in trading, just depends on what we want from the ES market and when we want it.
 
hilmy83 said:
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Cruel bastard

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hilmy83 said:
Good thing is I'm taking smaller loss then I have taken in the past. Few days should recover instead of weeks or months
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Good Morning hilmy83,

Yes, I agree with you 1000%.

It is about one thing, IMO, and that one thing is: How to Mentally, Logistically, Mentally Pleasing, Comfortably, equity curve 45 degrees and growing....... Recover Drawdown!!!!

And that is different for everyone.

One of my trading systems has been in drawdown for 1.5 years. Mentally, that did not work for me.
 
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