Ok, I’m ready to buy at the Marketplace, please help me
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- This topic has 97 replies, 11 voices, and was last updated 1 year ago by GraHal.
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08/13/2021 at 10:49 PM #175261
I am sceptic, but I’m willing to buy a strategy from the Marketplace. The problem is that I can’t find anything that looks interesting. I have some strategies that I run live and have created myself. One of them is a strategy that has been live for 8 months now (I know, not very long), and if I would buy something I would at a minimum want the same result as this strategy.
Screenshots is attached. It has 5 lines of effective code (including a defparam and endif-statement) and has only been stopped a couple of times due to mistakes. It runs on 1 contract on Dax.
Criteria for buying should therefore be:
- Screenshot of live trading of a minimum of 8 months.
- Mostly green months. If red, no big losses.
- Max drawdown should be a lot less than Max runup.
I’m sure there must be many of these at the Marketplace, could you please give me some tips?
Thanks!
08/14/2021 at 5:47 AM #175269It runs on 1 contract on Dax.
Mattias, why don’t you make 100 contracts of that 1 contract you are using now, and show yourself a nice 165700,00 after a next 8 months ?
Do you trust others better than yourself ?
hahaOr sell that Strategy to the Market Place for 500/month with the advice of using 100 contracts *and* use it yourself (for free for you)
More haha !Peter
?
08/14/2021 at 8:28 AM #175278Judging from the equity curve, I would say your DAX strategy is LONG only?
So you need to look for Long only in the Market Place, but also with the same SL as yours … so when downturn occur, losses are not more than your DAX strategy.
08/14/2021 at 9:01 AM #175282Thanks for replying GraHal.
But no, I am not looking for a strategy that is similar in that kind of way (long only, trend-following etc.) I am trying to build a portfolio of strategies, so diversification is always welcome.
I am just looking for something that generates similar equity curve to the one I posted a screenshot of with the criteria posted above. I don’t know that Peter’s reply is about, is he trying to mock me for my post with the haha’s? Should I take what he writes seriously? If so, here’s a couple of replies to his post:
- If I could use 100 contracts to my strategy with my approach to risk/reward, I wouldn’t need to trade at all. I would be a rich man, and quit my regular job.
- Betting everything on one strategy is in my book much more gambling than trading (I know it’s similar in many ways). Building a portfolio through diversification is the key for me.
As I said above, not sure why Peter is writing this, is it something that I am missing here?
Thanks.
08/14/2021 at 9:08 AM #175283is it something that I am missing here?
I think it is Peter’s sense of humour, he is not intending to be hurtful, but such words can easily feel like such?
08/14/2021 at 9:24 AM #17528708/14/2021 at 9:25 AM #175288GraHal is right.
As I said above, not sure why Peter is writing this, is it something that I am missing here?
It is about the forcefield of knowing yourself what to do for good (auto) trading, while expecting or hoping that another will do better and you even need to pay for it.
With this, I am seriously trying to be helpful; Your strategy (assumed it does not run in demo because in that case it might miss the spread) looks to be well-performing. In that case you could be a first from our “community” who sells it at the market place. Or don’t you believe in it yourself ? So really, if I look at your stats, I find myself looking at the first one I trust (with the notice that I trust my own Strategies just the same).Does this help you a little ?
Obviously, if your goal is diversity (which is good) and you were able to create one Strategy only, then your goal is not met and you indeed could look for other Strategies alongside.
The remainder of the possible misconception of my post is that everybody is a kind of “complaining” that no trustworthy market place suppliers can be found (which does not tell at all that they don’t exist), while you seriously ask this question. Well, I sure hope that someone comes up with something good, but in case it does not happen, you already have a good one already, as it seems to me.
All right.
If I could use 100 contracts to my strategy with my approach to risk/reward, I wouldn’t need to trade at all.
So apparently you ask for a strategy which makes 10 times (and beyond) more profit than yours. Well, I would start looking for a strategy which makes profit by guarantee in the first place. I am afraid you won’t find that (but again, it may exist).
I hope this better explains how my initial response was. And this largely relates to you asking for the impossible (in my view of course) while you already have something which looks really good (again in my view).
Best regards,
Peter08/14/2021 at 9:52 AM #175291while you already have something which looks really good
From the OP screen shot … DAX has gone from 11,500 to 15,980 and equity from 0 to £1,657.
So on 1 Contract on DAX (as OP states) a buy and hold strategy would have made nearly 3 times as much?
Or are my eyes deceiving me or my coffee not worked through?? I’ll go and get some more just in case! 🙂
08/14/2021 at 10:02 AM #17529408/14/2021 at 10:04 AM #175295@Eric, this is not about buy and hold. I am not at all interested in that. I am looking for something that generate profit over time with less risk than buy and hold.
@Peter, thanks for explaining. I probably should’ve explain at bit more about my situation. I started to try and learn autotrading about a year ago. I put some strategies on demo at first, and then on live for the first time 11th November. My goal has always been to build a portfolio of strategies, around 10-15 of them. The problem is that (at least I think) it’s very, very difficult to do this.During this year I have continued the process with demo and live. And I only have 3-4 strategies that have survived and is running live. My intention has always been to do this myself, never buying anything from others. This was the same when the Marketplace went live, but lately I have thinking that perhaps I should add one or two strategies to my portfolio through buying them (as the title of this topic implies), or else it might take forever to get there.
But when I am looking I can’t find anything that is at least as good as I have come up with, I am a total beginner, and these guys are professionals!
So I am NOT looking for a strategy that generates 10 times my own ones.
I am NOT looking for a strategy that guarantees profit, because it most likely does not exist.
Yes, my strategy is good, at least I think so. But finding 10 more of these (to spread the risk) is very difficult. When I look at the Marketplace, I have not yet even seen a strategy that shows a screenshot of at least 8 months of live trading, and this is why I posted this topic, to sincerely ask for help to find a strategy to buy. 🙂
Thanks.
08/14/2021 at 10:12 AM #175296@GraHal, yes, you are correct. But buy and hold is not interesting for me, and the drawdowns are very big. Comparing a strategy to buy and hold is not an essential way for me. For example, adding a M.M. to my strategy and it easily out-performs B&H.
Edit: Well, actually Dax was around 13k on 11th November 2020, so it’s around 3000 points gain. So 2 times instead of 3. 🙂
1 user thanked author for this post.
08/14/2021 at 11:22 AM #175304During this year I have continued the process with demo and live. And I only have 3-4 strategies that have survived and is running live. My intention has always been to do this myself, never buying anything from others.
Thank you for your honesty. It is really nice to read.
But when I am looking I can’t find anything that is at least as good as I have come up with, I am a total beginner, and these guys are professionals!
In the end you can see that I said exactly the same, however, with quite some holding back because we really don’t know. Fact seems to be :
You know about trading. You also learned to deal with AutoTrading. You know what to look at (in your program) from the perspective of trading itself. N.b.: I can say this because I know how much this weighs in for myself.It is you who knows how difficult it is and it is you who can not imagine that others (from a commercial perspective) will outpace you. At least that is how I look at it. And mind you please, I am working on it for three years now. And I am still not running something live.
Professionals ? no. The professionals you envision need merely to be (very) creative coders (programmers) than traders. Of course they need to be traders too (as told) but when they can’t program with a creative mind, it will end up nowhere.Anecdotical : This summer holidays my son wanted to learn the autotrading stuff too (he can trade just the same). This week, well into his holidays, he seems to have his first “ever winning” strategy, with me as a teacher and him as the creative mind (it seems senseless to let him make the same as I do). This is near 100% about turning your creativity into something which is “programmable”. It also is a lot about how the most gains emerge. Is it shorter trades and how to achieve that ? Is it boring longer trades with deeper SL’s always being afraid the Loss will occur ? Is it waiting for the higher profit which may not be reached and instead turns into a loss ? … below you see my deliberate LESS earning “always winning” strategy which these days is still boring because of low (holidays) volatility. But for me it is about the fun (ha ! another order entered !). This one normally does 250 trades per month which is 10+ per day and there is something to look at.
What you could do, is utilizing the fact that you have a winning strategy. How ? … same as I do it;
Once you have the winning strategy, it is the most easy to influence the profit (it is easier to compare results after applied changes). In your case with the DAX (or similar) you could focus on better trailing profit. However, I assume you first know the behavior of this instrument. You will know what happens each day. You also know when that happens mostly. So for example, my latest improvement is “taking care” that my Strategy is NOT in the market (no position) at those times you can predict what the instrument will do. It will do “something” severe, but in which direction you don’t know in advance. But, that is what your program takes care of (enter in the correct direction). Thus, prerequisite is that your program is good at that, generally. Next take care that (say) a couple of hours in advance of the happening it won’t trade, so that it *thus* will trade at that happening.
The result ? 100% winning trades in that time period, whatever I do. Net I win on the other trades not occurring because they may lose once in a while.Improvements seem infinite (up to your creativity), but you first need a winning strategy. And you seem to have that.
08/14/2021 at 11:26 AM #175307From the OP screen shot … DAX has gone from 11,500 to 15,980 and equity from 0 to £1,657. So on 1 Contract on DAX (as OP states) a buy and hold strategy would have made nearly 3 times as much?
Undoubtedly correct. 🙂
Now attempt to look at it when Shorts would be applied as well (@Mattias).08/14/2021 at 12:03 PM #175311Another approach :
With the experience of your own manual trades, you should be able to have the same ratios and all with AutoTrading, compared with what you do manually. Now, I don’t attempt any DAX AutoTrading Strategies, but if I look at the number of losses I apparently (!) accept *and* knowing my total profit on this instrument, I thus could try to make the same with an Auto Strategy. Thus for my manual trades (the screenshot is from the past year) :
- When do I bail out when at loss ? (apparently quite often)
- When do I bail out when having profit ? (the question would merely be WHY)
- When do I actually add more position ? (for me this is key to making a nice profit)
- Do I also remove position for safety ? (sell a few but not all – could be Friday night)
- Etc.
I think I already know that answering these questions is the most difficult because for me this is merely “market” related. If Merkel locks down Germany, that undoubtedly will do something. If the (Dutch) AEX rises and rises and Germany does not come along (experience from the past few weeks), what actually is the matter ? and what about my “strategy” that the AEX always follows the DAX ? something changed … why ?
So this is all “news” related and this is impossible to put in a program. If PRT only would listen finally and allow us to look at other instruments from within the Strategy we run … How (more) dynamical that would be …08/20/2021 at 6:06 PM #175822Peter, thanks a lot for your thoughts and tips! I have barely been online lately, but I will read and try and comprehend what you have written as time goes by.
I’m still interested in tips about what I wrote in the first post in this topic. I am still in buying mode. 🙂
Thanks.
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