Index futures automation

[hilmy83]

OK, interesting, I had the idea that your system traded a lot more than a handful of trades per day. Seven trades is not a lot at all.

Why does the trades/day chart only have 31 bars ? I believe your system has been trading since 21 Feb.

I understand it's a variation on an opening range breakout system, I first heard about this strategy from a book by Jake Bernstein - the 30 min breakout strategy.
Very simple - buy/sell the breakout of the first 30 min range.

I wrote an indicator for MT4 for this strategy, showing the range and an alert for a breakout that I still use on my charts. I find it handy.

I don't know if you know Tom Hugaard, he has a Telegram group where he trades live.
He trades a strategy he calls 'The School Run', which is basically the same as the 30 min breakout (he got a bit annoyed when I suggested it was the same strategy, ha ha)..
He trades quite large amounts, not unusual to see him up/down 40,000 GBP in a day. I believe he is very profitable. His trades are 100% discretionary.

What is really amazing with your results is you don't have any losing days, I can't quite get my head around that. Good luck anyway (not that you seem to need it.)

The trade/day is average stat for day of the month

I have losing trades. I just modify my strategy to end profitable or breakeven for the day.

ORB is the way

 

[Mo06]

'I just modify my strategy to end profitable or breakeven for the day.'

This doesn't make sense to me.

EDIT - I'm not doubting your published results, I just don't understand how one can modify a systematic trading strategy to prevent a single negative day's P&L..

 

[hilmy83]

'I just modify my strategy to end profitable or breakeven for the day.'

This doesn't make sense to me.

EDIT - I'm not doubting your published results, I just don't understand how one can modify a systematic trading strategy to prevent a single negative day's P&L..

When the trade goes the wrong way, the bot just reverses position. It manages where it reverses,and how to set new tp accordingly.

 

[Mo06]

'When the trade goes the wrong way, the bot just reverses position. It manages where it reverses,and how to set new tp accordingly.'

OK.
It seems you have invented a money machine.
Surely must be tempting to beg, borrow or steal a large amount of capital and just let this system trade with it.

 

[hilmy83]

It was fun while it lasted. Now back to the grind

'When the trade goes the wrong way, the bot just reverses position. It manages where it reverses,and how to set new tp accordingly.'

OK.
It seems you have invented a money machine.
Surely must be tempting to beg, borrow or steal a large amount of capital and just let this system trade with it.

It only makes 3-4% a month. I wish i had a 250k account to make it worthwhile. But I'll be patient and let my tiny account grind it out.

Unless someone wants to buy the IP/algo outright for 250k
I think the Algo is scalable to 500k before slips become an issue.

 

[Mo06]

'It only makes 3-4% a month.'

Many funds/traders would sell their own mother for a consistent return like that.

 

[hilmy83]

Will be traveling next week, so no updates until I get back.

Algo will continue to run...

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While I was on vacation, I saw that the algo did not take trades on Monday. It was also the first day with September contract. Apparently, I needed to reset the algo when adding a new chart. So Monday's trade was a scratch as I was testing it out to make sure there were no other issues.

All other days including today, traded as normal.

NDX is running away from me. This bastard is closing strong this year.

 

[Mo06]

'NDX is running away from me. This bastard is closing strong this year.'

NDX is up 38.81 % so far in 2023. That is pretty amazing.

But we are still less than halfway through the year.
Anything can happen.

Your results are very consistent.

I'd continue to run your money printer.

Quick question - how many SPX and NDX points net has the system produced so far ?

 

[hilmy83]

'NDX is running away from me. This bastard is closing strong this year.'

NDX is up 38.81 % so far in 2023. That is pretty amazing.

But we are still less than halfway through the year.
Anything can happen.

Your results are very consistent.

I'd continue to run your money printer.

Quick question - how many SPX and NDX points net has the system produced so far ?

This is a futures trading algo, but i only trade mnq for now. I don't really pay attention to ticks, but based on quantanalyzer (some of the positions are per average entry so the numbers don't quite round to quarters)

 

[hilmy83]

While I was on vacation, I saw that the algo did not take trades on Monday. It was also the first day with September contract. Apparently, I needed to reset the algo when adding a new chart. So Monday's trade was a scratch as I was testing it out to make sure there were no other issues.

All other days including today, traded as normal.

NDX is running away from me. This bastard is closing strong this year.

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