Seeking BlackBox/GreyBox Systems

To me a newbie, a position length of 30 minutes can be evaluated as a relatively small timeframe based on comparatively high frequency data (which does Not necessarily generate a larger number of trades, I would guess). :confused:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=36170&perpage=6&pagenumber=2

Quote from prophet:


My 6E systems are almost always in the market, trading 2 to 5 times per 24 hour period with position lengths of 30 minutes to 10 hours. The systems don't avoid economic number releases, so I do see occasional +/- 100 pip days. Average daily return is about 25 pips/day, with an intraday PnL loss stop set at 120 pips.
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Quote from hanseng1:

To clear up others confusion, trading in lower timeframes at higher frequency can produce higher profits and lower per-trade risk because one can take advantage of intraday swings. If one was to sell all tops and buy all bottoms in a choppy market, the profit would be greater than simply holding for the day. Also, the stops tend to be much smaller.
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Umm...just what confusion are you trying to clear up?

Trading in 'lower timeframes' can and often does produce lower profits thru countless small losses without the patience to wait for profits to develop.

And if you can figure out how to 'buy the low and sell the high' of a day, please PM me. I have a big check waiting for you.
 
Quote from AutoMate:

Seeking high trade frequency blackbox and greybox systems to put to work. Will provide accts with capital and split net with developer/provider of system. If interested please PM me and we can discuss details.

I AM
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There is this trader on ET, his handle is oktiri. From what I've heard, he is an expert at developing edge based automated day trading systems. You might want to send him a PM regarding your request.

good luck
fan27
 
Quote from TruthTeller:

Umm...just what confusion are you trying to clear up?

Trading in 'lower timeframes' can and often does produce lower profits thru countless small losses without the patience to wait for profits to develop.

And if you can figure out how to 'buy the low and sell the high' of a day, please PM me. I have a big check waiting for you.
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Man, you need to read more carefully. I never said I can do it. And the whole concept of lower timeframes producing higher returns was questioned from the beginning of the thread. I think you must have just read the last page and posted.....

The sum of the market "travel" over the course of the day is greater than the open-close range, which is what you'll see in end of day trading. If one could (and I'm not saying I can or its even possible for you people who like to jump to conclusions then flame....) buy all bottoms and sell all tops, the total points accumulated would be greater at a higher time frequency than a lower one (e.g. 5 min vs 1 day).

Its the basic concept of fractals. If one was to measure the coast line, from Washington to California, the length would become longer as the resolution increases. Measuring every indentation by walking the coastline will produce a longer distance than looking at a large-scale satalite photo and measuring linearly from A to B.
 
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