Moment-by-Moment (MbM) Trading strategy

[HobbyTrading]

Anything can be back tested. The algo software must be smart and programmer smarter. Yet both back tests and automated trading are practically useless. It may be a good hobby for many but not a profession. Show me one business in the world whose business decisions are fully automated, of course other than stock trading. Algo companies are literally selling video games to adults and brokers promoting them shamelessly. An auto pilot aircraft can never match the reflexes of a pilot. Algos can never match a trader's instincts. Period ! Business is a blend of science and art which only a fool can think of automating it.

I created this thread for sleeping genius to awaken them, not for stubborn heads. I know my audience. I am not stupid to convince stupids.

Is it possible to automate this strategy in a precise manner ?

I guess it will be very tough job, may be mission impossible given the features of current automation tool in market and the expertise of programmers !

Now you are confusing me. On the first page you were adamant that automated trading is doomed to fail. That it cannot be done. And now you ask whether this system can be automated.
In my view: the rules of the system which you have shared until now can be automated. But it remains to be seen whether you are applying more rules which you have not yet shared.

 

[rajesheck]

Now you are confusing me. On the first page you were adamant that automated trading is doomed to fail. That it cannot be done. And now you ask whether this system can be automated.
In my view: the rules of the system which you have shared until now can be automated. But it remains to be seen whether you are applying more rules which you have not yet shared.

IMO there are two issues in automating a strategy like this one.

Translating the complete strategy into a program may not be fully possible due to
1. Thinking of all possible scenarios may not be possible

2. Certain limitations in the automation tools.

That is why I always question the efficiency of automation. Computer can never think like us. What we program and how we trade live need not be the same always. Some unknown/hidden pattern or some creative ways may be there in our trading style.

I can never be certain that I have shared all the rules. There may be certain rules hidden in my mind, which I may or may not find while trading. Human mind is creative and 99% of mind is subconscious.

 

[rajesheck]

Thanks to fordewind and HobbyTrader for showing interest in this strategy and participating. I also learnt while interacting.

This strategy works best with primary index futures. Give a try.

This strategy is truly revolutionary because it frees us from fixed target and fixed loss into open target and almost zero loss which traders always dreamt for over decades.

Let the light of freedom spread !

All the best to one and all in your career as a professional trader.

 

[rajesheck]

I said "NO" to...
1. Technical Charts (EMA, MACD, RSI, ADX. etc,.)
2. RR Ratio theory (Probability of success)
3. News & events / Forecasts / FA
4. Trading as a pure analytical job
5. Stand alone risk management theory
6. Positional trading
7. Fixed target
8. Stoploss theory
9. Conventional edges
10. Automated trading

People don't realise that media and internet is flooded with general knowledge. Professional knowledge is found only in the hearts of professionals.

 

[fordewind]

I would argue about the #7.I think even Buffet has the targets in mind.

 

[lawrence-lugar]

I would argue about the #7

I think even Buffet has the targets in mind

I kind of agree with you,

But Warren Buffet is an investor and business owner -- it's kind of silly to quote his wisdom for Trading purposes,
I think Buffet himself even said he can't trade for shit, and it's foolish to attempt to try so. (i'm loosely paraphrasing)

Those two things have completely different dynamics involved,

People should instead quote Japanese traders CIS and BNF -- but they are kind of recluses, there is not much out there on them,
Trading wisdom from Dan Zanger too, and maybe to a lesser extent Tim Sykes,

 

[OddTrader]

I said "NO" to...
1. Technical Charts (EMA, MACD, RSI, ADX. etc,.)
2. RR Ratio theory (Probability of success)
3. News & events / Forecasts / FA
4. Trading as a pure analytical job
5. Stand alone risk management theory
6. Positional trading
7. Fixed target
8. Stoploss theory
9. Conventional edges
10. Automated trading

People don't realise that media and internet is flooded with general knowledge. Professional knowledge is found only in the hearts of professionals.

No!

 

[rajesheck]

I kind of agree with you,

But Warren Buffet is an investor and business owner -- it's kind of silly to quote his wisdom for Trading purposes,
I think Buffet himself even said he can't trade for shit, and it's foolish to attempt to try so. (i'm loosely paraphrasing)

Those two things have completely different dynamics involved,

People should instead quote Japanese traders CIS and BNF -- but they are kind of recluses, there is not much out there on them,
Trading wisdom from Dan Zanger too, and maybe to a lesser extent Tim Sykes,

Both investment and trading are business.

Warren buffet's quote fits for all successful businessmen. Saying "NO" to almost everything shows the tough attitude that a businessman has to wear.

The bottom line is "Trading is a business. Trader is a businessman."

It is very very hard for traders to see themselves as businessman. LOL

I and Warren Buffet belong to the SAME genre. The business genre !

Whether other traders accept this tough truth or not is none of my business.

A businessman must have two skills. 1) General business skill 2) Skill in specific business he is involved in.

Warren Buffet has general business skill. A professional trader also has general business skill. Warren Buffet won't know how to trade. A professional trader won't know how to invest. Both investors and traders are business people.

Warren Buffet talks about investments and talks to investors. He constantly warns other investors that they must do only what they know(investment) not what they don't know (trading).

Traders must not literally take that Warren Buffet is against trading. He is just against doing something which people don't know.

Some of his quotes are related to general business skills which a professional trader also has to accept and adopt.

My posts touch both 1) general business skills 2) trading skills. Remember trading is a specific business. Without having the general business skill real success in trading cannot be experienced, because it is the light under which true business specific skills can be obtained.

I use Warren Buffet's quotes when i am pointing to a general business skill that every professional trader must know.

 

[rajesheck]

I would argue about the #7.I think even Buffet has the targets in mind.

I have learnt the right time to enter. That gave me knowledge about the right time to exit. This is timing the trade. Most people are settled to conventional entry and exit without any timing sense. The existence of Stoploss and targets are proof that people don't know how to time the trade.

 

[fordewind]

I have learnt the right time to enter. That gave me knowledge about the right time to exit. This is timing the trade. Most people are settled to conventional entry and exit without any timing sense. The existence of Stoploss and targets are proof that people don't know how to time the trade.

Do you trail your positions?If so, by what increment?