successful algo strategy

QTrader20 said:
20 years of data mining and yet, you still couldn't figure out at least one setup to make money??? Maybe it's time to change your passion lol...
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Not everybody is as smart as you are. Stupid people also need a passion. I just wonder how come you have time for zillion posts here. Are you not too busy counting money?
 
nsnyc said:
Not everybody is as smart as you are. Stupid people also need a passion. I just wonder how come you have time for zillion posts here. Are you not too busy counting money?
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i think he was just joking, we see many engineers, lawyers, doctors come on here and somehow try and justify their superiority education as a justification for why they will succeed where others fail. so get some thick skin if your going to pry any good shit from us dumb-asses here on et. lol

perry kaufman "smarter trading" is what i suggest for you.
 
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MarkBrown said:
i think he was just joking, we see many engineers, lawyers, doctors come on here and somehow try and justify their superiority education as a justification for why they will succeed where others fail. so get some thick skin if your going to pry and good shit from us dumb-asses here on et. lol

perry kaufman "smarter trading" is what i suggest for you.
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Thnx for suggestion, I will check it out. I'm not trying to outsmart anybody and I'm also not really into money, it's about understanding the system which is running this world.
 
nsnyc said:
Thnx for suggestion, I will check it out. I'm not trying to outsmart anybody and I'm also not really into money, it's about understanding the system which is running this world.
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It's really about outsmarting others if trying to make a better risk adjusted return.Zero sum games dictate this
 
nsnyc said:
Hi guys, newbie here. I have been into algo trading for a while now and I'm at the point where I start wondering if it's possible to build something that is profitable over long time.
I have built few models in Python for stocks on several exchanges (US, Europe) and all of them predict the next day's closing price based on the data from the past. The accuracy is fine on the test set etc... but in real life it doesn't work. Another prove of efficient market theory. And if I just think logical it does make sense. Data from the past just doesn't say anything about today because today is already incorporating future.
This made me think about the model features. If there would be no limitations, what features would I choose for the model.
The price at the moment is a reflection of ask and bid. Is there any place where we can get this? Obviously there is the order book, but that is already status from the past, so according to EMT it's already affecting the price. People submitting the orders is the point where future price is being created. This means that brokers have possible advantage. The bigger the broker (market share) the better their data is. I think crypto manipulation by exchanges shows this as well. What do you think? Is this the only possible way to really predict future price correct over a long period?
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Attempt to predict the future is futile cuz it is void of market moving information which is behind the force. Thats why these types of algos work in hindsight but fail miserably.
Think about what you would do if you were to manually trade the chart. Then roll it as an algorithm. When trades fail use it to build that to augment trade decision. You will succeed.
Keep it to a few securities.
I trade index etfs with software and es manually with software generating buy points as i dont have the guts yet.
Following price momentum and stochastics is what i do with a probability assessment. Buy pt is set at a point which might provide a support and attempt to ride the bounce.
Computing future price is a fools errand which is only good to show of math skills and dont do that.
Yet another way is to piggy back large orders by looking at l2 depth for scalp.
 
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