Truly automated trading
- Thread starter tradeday1990
- Start date
Dear Hamlet,
It's disappointing to see your comment. I thought I joined a forum where people share what they know to help others. Would you let other people know about a good thing if you saw one, or just keep it to yourself?
Best regards,
T.
It's disappointing to see your comment. I thought I joined a forum where people share what they know to help others. Would you let other people know about a good thing if you saw one, or just keep it to yourself?
Best regards,
T.
I'm interested in knowing the cost, too. I couldn't find the pricing on their website.
Yes I sometimes let others know about a good thing if I see it, but more importantly I let them know If I see something that I think is bad. That is exactly why I made the comment. In my opinion, when a company relies on disguised spam to advertise it's products, that is potentially a bad sign.
It's dissapointing to see your comment. When you see something that you think is bad, do you share it or keep it to yourself?
I totally agree with you. I'm just a bit surprised that you pointed at me sharply as a spammer. I'm just a new guy with some trading ideas, actively on my way to find a system to do what I want and see a potential one. I'm excited about it and want to share. That's all. In any event, I have to say that I appreciate your consciousness.
Take a look at Tradebolt.com. It will interface with many programs that export signals and send them off to your broker using an API link. It manages the trades based on your own parameters and simply takes the buy/sell signals from your program- makes certain that your order is fully filled before placing another, and other trade management things that you need to keep in mind when automating trades, but are hard to program in. Read about it in Stocks & Comm. mag- seems pretty sound.
Looks pretty good- but since I use Neuroshell (which I am not certain how to export signals from) I haven't tried to use it yet.
Looks pretty good- but since I use Neuroshell (which I am not certain how to export signals from) I haven't tried to use it yet.
I am running a 100% automated system .. here are this week's trades ..
Code:
_______________ Gain ____ Open _________________________ Close _______
USD-CHF Buy 52 1.3101 11/9/2005 2:22:50 PM 1.3153 11/9/2005 2:56:50 PM (GMT)
USD-CHF Buy 18 1.3080 11/7/2005 1:56:49 AM 1.3098 11/7/2005 2:04:49 PM
USD-CHF Buy 72 1.3070 11/7/2005 3:35:49 PM 1.3142 11/8/2005 10:53:20 AM
GBP-USD Buy 20 1.7411 11/9/2005 6:31:50 PM 1.7431 11/9/2005 10:03:20 PM
EUR-USD Buy 27 1.1759 11/9/2005 12:56:50 PM 1.1786 11/9/2005 2:09:20 PM
EUR-USD Buy 24 1.1742 11/9/2005 3:56:50 PM 1.1766 11/9/2005 6:39:20 PM
EUR-USD Buy 16 1.1764 11/9/2005 2:59:52 AM 1.1780 11/9/2005 2:13:20 PM
EUR-USD Buy 14 1.1764 11/9/2005 3:15:50 AM 1.1778 11/9/2005 2:14:50 PM
EUR-USD Buy 31 1.1731 11/9/2005 2:56:50 PM 1.1762 11/9/2005 6:28:51 PM
EUR-USD Buy 23 1.1763 11/9/2005 10:45:50 AM 1.1786 11/9/2005 2:12:20 PM
USD-CHF Buy -36 1.3158 11/8/2005 3:55:49 AM 1.3122 11/8/2005 12:59:20 PM
USD-CHF Buy 24 1.3067 11/7/2005 4:25:49 AM 1.3091 11/7/2005 2:00:49 PM
USD-CHF Buy -36 1.3158 11/8/2005 4:26:49 AM 1.3122 11/8/2005 12:59:20 PM
USD-CHF Buy -39 1.3081 11/7/2005 2:10:49 AM 1.3042 11/7/2005 9:17:19 AM
USD-CHF Buy 71 1.3078 11/7/2005 2:15:49 AM 1.3149 11/8/2005 9:49:19 AMI must admit, I must be a fool. I recently 'gave' an automated system to an Ivy League grad and well, you probably know where this is going. He and I began trading it manually and then had the system automated. After 3 weeks of trading, we were quite profitable, but he said that the system was too easy and he couldn't believe it worked. However, we needed to make more money. We were trading in a leveraged account and at this time, we were up 50% of initial capital at this time (due to trading manually and some decision making on which stocks to trade on his part, the program would have actually been more profitable, but it wasn't- he was already thinking and that messed the system up). He decided to change the way the program entered a position, against my stongest of concerns. After 7 days of trading 'his way' the market took back all of the gains of the system, not to mention, did not allow the normal system to trade properly, costing us more in potential gains. He then wanted to know why we were negative. I mean, you can't figure this out? Constantly boasting of his Ivy League education, I began to remind myself, that doesn't help you in the market.
After all this, things get worse. While a system must be traded daily in order to work properly, that did not happen. Having a big stroke of bad luck and not trading everyday, well the system was almost always positive when he was out of the market, but negative when he was in. Then comes the emotional side of the human mind. One day, after being up about 1k and a particular stock being hit pretty hard, he decided that +600 was enough for him on that day and he couldn't take it anymore. At the end of the day, the results of the system are computed in a spreadsheet for him to follow and he called me and told me that he should have made close to 5k that day. What he doesn't understand is that the system was designed to take this whole element of the human mind out of trading. However, there would be drawdowns in the account, but the winning days would greatly outnumber the losing days and the system had quite a good profit factor based on intra-day trading.
I tell you all this, to let you know that yes there are many ways to trade systematically and make money, but even smart people can screw them up. Unfortunately, trading isn't a thinking man's game and that's why if you have something that works and it can be automated, by all means automate it. In trading, thinking isn't necessary and often gets in the way. As you can see in my experience.
My lesson learned:
If you want something done right, you have to do it yourself. As well as the fact that people are going to do what they want, no matter what you tell them.
As for me and my system, I have raised the capital and shortly will be trading it and I will post the results in the forums. However, I would NEVER IN A MILLION YEARS give it to you, as you'd probably mess the thing up and then tell me that I screwed you out of money.
The moral of the story is:
The only truly automated system that you are ever going to trade, is one that you, yourself came up with. I spent several years developing this system and to give it to someone and have them screw it up has been absolutely sickening.
Is there hope for this situation? I honestly don't think so, the guy is a control freak and he's not going to let the system trade, so why should I continue to supply him with the stocks?
I am amazed that someone with an Ivy League education couldn't do the simple task of loading a list of stocks and push a button and he made money. All in all, I guess it was too simple for him, he wanted to complicate things and he did.
After all this, things get worse. While a system must be traded daily in order to work properly, that did not happen. Having a big stroke of bad luck and not trading everyday, well the system was almost always positive when he was out of the market, but negative when he was in. Then comes the emotional side of the human mind. One day, after being up about 1k and a particular stock being hit pretty hard, he decided that +600 was enough for him on that day and he couldn't take it anymore. At the end of the day, the results of the system are computed in a spreadsheet for him to follow and he called me and told me that he should have made close to 5k that day. What he doesn't understand is that the system was designed to take this whole element of the human mind out of trading. However, there would be drawdowns in the account, but the winning days would greatly outnumber the losing days and the system had quite a good profit factor based on intra-day trading.
I tell you all this, to let you know that yes there are many ways to trade systematically and make money, but even smart people can screw them up. Unfortunately, trading isn't a thinking man's game and that's why if you have something that works and it can be automated, by all means automate it. In trading, thinking isn't necessary and often gets in the way. As you can see in my experience.
My lesson learned:
If you want something done right, you have to do it yourself. As well as the fact that people are going to do what they want, no matter what you tell them.
As for me and my system, I have raised the capital and shortly will be trading it and I will post the results in the forums. However, I would NEVER IN A MILLION YEARS give it to you, as you'd probably mess the thing up and then tell me that I screwed you out of money.
The moral of the story is:
The only truly automated system that you are ever going to trade, is one that you, yourself came up with. I spent several years developing this system and to give it to someone and have them screw it up has been absolutely sickening.
Is there hope for this situation? I honestly don't think so, the guy is a control freak and he's not going to let the system trade, so why should I continue to supply him with the stocks?
I am amazed that someone with an Ivy League education couldn't do the simple task of loading a list of stocks and push a button and he made money. All in all, I guess it was too simple for him, he wanted to complicate things and he did.
