Quote from renton:
This journal looks very interesting.
You say that you have traded the software on a real account with real money using a scalping strategy.
Have you got any stats on your real trades? i.e. what types of profits are you showing from what starting balance.
The Gbot website says that it only works with IB. IB has a minimum account balance of $10,000. i.e. Is this enough to start Gbot with or would it need more starting bal?
Hi Renton,
i will resume soon with new test. I am just consolidating the latest ideas.
Yes i am currently trading with real money. In fact i made this application first of all for myself. I am doing very well ;-))
However i don't like making claims, i just let anyone interested to be part of the adventure, and anyone can take his determinations based on capital, intelligence, skills and so on.
It's just the minimum to expect that a trader can decide by himself about this. ;-))
In my personal opinion 10K is not enough to algorithmically trade with any tool, including my application.
I would expect a minimum at least ten times larger (and that would not be generally sufficient to trade the futures, as i have being playing here, unless several folio constraints are enforced)
With a relatively small capital, one could start trading a folio of ETFs, using a very moderate packet size (maybe increasing in time) and distributing the risk over multiple instruments. Possibly focusing on volatility, as the range is usually "limited" (tvix, uvxy, viix, vixy, vxx, xiv etc or VM, VIX) or instruments with prices near end range, and forcing directional entries.
Maybe i will later show some examples of trading approaches which might be meaningful for smaller capital.
In the meantime one can practice and when he is quite confident of his possibilities and skills (not for delusional reasons), finding the money will not be a problem ;-))
Tom
