yep locked out completly only a matter of time now till this one is locked probally. you have no idea the evil that lurks and what they will do to keep the sheep rounded up.
mb
Is fully automated trading a fantasy? Your opinions here
- Thread starter ybfjax
- Start date
yep locked out completly only a matter of time now till this one is locked probally. you have no idea the evil that lurks and what they will do to keep the sheep rounded up.
mb
I respect your desire to try to distill the thread into a small list of definitive conclusions. However, there are far more subtleties and nuances at play than your bullet points would seem to suggest.
There are just too many different kinds of automated trading, that to try and lump them into one category is perhaps a little misleading.
Not unlike most things, it's just not as black and white as stated.
Best thing to do is try it for yourself.
It's perhaps due to the fact your home page has advertising links on it which I believe is against ET rules. Only ET sponsors are allowed to advertise their commercial sites on here.
yea the moderator just emailed me and i told him back when i joined et it had no sponsors and he was not even around.
i told him all he had to do was contact me and not treat me this way. that was just wrong the way he handled it. i do business with open e cry and velocity futures when are sponsors. its not like i was trying to steal something and besides anyone can see the web site is blank what a threat that is. ok well we will see where all this goes. i will continue to post as long as i can.
mb - you know the ts forum banned me from using my real name that is what i threat they think i am. and they are probably right i could take all this business if i wanted to. i have been banned from many email list and forums because some vendors always hate what i have to say.
You do have a valid point about that. There are many factors that play into how an automated system is constructed.
I was focused more on the bottom line (is it possible [or not], starting capital, etc) that would apply to all market participants. Not so much the exact technique, but how that technique would be implemented.
I like openEcry. They are my favorite discount brokerage. All they need to do now is open up to more int'l exchanges. Once they do this, IB must look out.
And I've heard of a couple of people banned out of the TS (tradestation) forums. Long time users, too. If you criticized them too much. There are still a few threads on their own forums about that, if you search it. There's supposed to be an entire thread on here about TS and how bad they are. It was a bit bias, but I did add my own 2 sense towards the end. My experience with them wasn't the best to say the least. Many people still do the 10 trades a month just to keep the platform free.
What was bad about the banning is that you would toss a paying customer out of your forums. I could see if they were cussing or being extremely vulgar, but that was not the case.
face it most people who don't know how to program. don't build their own computers, configure routers, run dns, web, ftp, vnc, software. use data bases, filter data i will stop there. when i started trading i first mastered computer hardware and data feeds related to that.
then i learned to build my own computers and host my own server farm and started to think about redundancy after the power went off one day and i figured out all those phone numbers i speed dialed every day were not written down somewhere and i was in trades i needed to get flat.
each day i got up and discovered that i needed to fix something else that might go wrong. in fact to this day i am dominated by the thought of what can go wrong. i seldom think what can go right. people ask me what did your system do today "of course it was a big move day" i just don't even care.
in many ways i had rather see looser than winners, looser i like cause i know winners are coming. when i see a winner i want to stop cause i know a looser is coming. to be a mechanical trader is very hard, to do it with excellence a fluke of planet alignment.
anyway i know that most people have a life and don't want to make that investment in time. most people want it fast and easy the idea of automation is just not accepted. it would be too much work. it is easier to get a guru and draw some chart patterns.
mb
then i learned to build my own computers and host my own server farm and started to think about redundancy after the power went off one day and i figured out all those phone numbers i speed dialed every day were not written down somewhere and i was in trades i needed to get flat.
each day i got up and discovered that i needed to fix something else that might go wrong. in fact to this day i am dominated by the thought of what can go wrong. i seldom think what can go right. people ask me what did your system do today "of course it was a big move day" i just don't even care.
in many ways i had rather see looser than winners, looser i like cause i know winners are coming. when i see a winner i want to stop cause i know a looser is coming. to be a mechanical trader is very hard, to do it with excellence a fluke of planet alignment.
anyway i know that most people have a life and don't want to make that investment in time. most people want it fast and easy the idea of automation is just not accepted. it would be too much work. it is easier to get a guru and draw some chart patterns.
mb
Mark,
you have the infrastructure to go the route of Simons. You just need a couple novel ideas in some large markets.
you have the infrastructure to go the route of Simons. You just need a couple novel ideas in some large markets.
Yep. I would definetly have to learn to program to really take advantage of even building custom indicators. What programming language do you recommend?
Yes. It is weird how a few big winners can give you a big head. But I've learned not to allow that to happen. Because you can lose it just as quickly. Just follow the method. the obsession to always want to be right, or at least always win is a good thing, but how far do you think you must go
I guess each day you can walk away from it, so it's not like you can't sleep at night.
I think either way it is not "easy". Well, full automation would be maybe
. After some more thinking on the subject, I have drawn some other conclusions.
At the core, futures/forex is a zero-sum game minus commissions, marked to the market in real-time and double-checked at the clearinghouses shortly after market close.
There can only be a very small percentage of people that are consistently making a killing, either manually or automated. Everyone else is losing.
Not a very long record .. but has potential .. 2 months running .. 1-3% profit every week.
16% total profit, -2.3% DD and max 20% margin usage.
http://img76.imageshack.us/img76/7245/detailedstatementpf0.gif
16% total profit, -2.3% DD and max 20% margin usage.
http://img76.imageshack.us/img76/7245/detailedstatementpf0.gif