Bad beginings

• 03/25/2017 at 2:30 PM #29822
  GraHal

  I agree TF … the Bot can start loosing money with or without Elliot waves, Fib retraces… and those things can happen also 100 bars later … but if losses on trades (not at beginning) do not take my starting equity below zero then I can live with that. Reason:  because I wouldn’t have that profit to lose if I had not run that Bot.

  I find a loss of my starting equity a big turn-off and was only suggesting a way to limit this ‘bad beginning loss’ to some pre-defined figure (£50, £250 whatever) so that I live to fight another day. 🙂

  I wasn’t suggesting that Elliott Wave Changes, Fib Retraces etc only happen when one has just started a Bot running.

  This has been quite a lively discussion, certainly got me going … I think it was the emotive title that drew me to it, so thank you for that TF.

  Please continue anybody, and yes I will incorporate the beginning loss limiter into my Bots in future … I’ve talked myself into it now! hahahah

  Best Regards
  GraHal

  

  GraHal

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  03/25/2017 at 4:33 PM #29843
  TempusFugit

  So, it seems to me that we have here two schools:

  • The searchers of good beginnings: trying to avoid the painful-loosing phases of a bot
  • The random walkers: doesn´t matter the moment, just man it up

  AutoS, thanks for the advice, I really think you are right. But I have to start with what I have, only one system made by me and so I can really understand. That´s why earlier in this post I wonder if just one system in different markets and different TF could do the “provisional” trick about diversification.

  Also very interesting and mind-shoking your (and Eric) idea that Demo is kind of useless or worse. At this point I think is an approach too ahead of my knowledge, or plainly saying it scares me too much

   

  

  TempusFugit

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  03/25/2017 at 8:50 PM #29853
  AutoStrategist

  To be clear I am NOT recommending going straight to live, I believe most (all?)  serious quants use a period of incubation before going live. It’s just me being over eager and had I run in demo first I would definitely have saved some money with several of the less good strategies.

  

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