Hello Community,
I am Justinas and very happy to join you fellow traders on this forum. I am “hobby-trader”, interested in markets since very long, yet experimenting with automated trading only since around 3 years. While I see some substantial progress in my work, I am still not consistently profitable… I suppose main reason being that my systems were (and probably still are) way too complicated. I learnt in the meantime that simplicity is core – and it’s heavy job to achieve it. I try to eliminate ALL “indicators” from my systems as my experience is they “kill” the robustness. The “price” of simple strategies is that their equity curve is “wild” – but that is, I assume, what I have to accept in order to make my systems consistent/longterm profitable. What I see is that the smoother the equity curve of single backtested system, the more probably a system is crap. So I assume I can possibly have rather smooth equity curve only by combining several strategies with each having “wild” equity curve. It’s amazing, it’s all the same what one hears from others all the time about what’s important for trading: “keep it simple”, “cut losses quick, let profits run”, “diversify”… but one does not have a clue what it exactly means until one figures it out…by him/herself.
Just due to capacity reasons I am currently limiting myself to the development of systems for the time frames from 10min to 20min, daytrading strategies, for very few major indices, currencies, commodities.
For my trading “career” most usefull/inspirational are those insights shared in their books by WR Gallacher, NN Taleb, and the anonymos “phantom of the pits”.
BR
“justisan”
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