ProRealAlgos? Real or fake
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- This topic has 226 replies, 29 voices, and was last updated 1 year ago by ProRealAlgos.
Tagged: ProRealAlgos
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01/20/2021 at 1:32 PM #158673
And with that said, I’m leaving this thread to itself. Talk to you again in a couple of weeks.
Hey, thanks for stopping by..
As mentioned earlier in the thread, I am less worried about losses, as they happen, but I am worried about significant account breaking events and how your algos deal with them – if at all.
I completely understand that you need to protect your IP, but I do think *more* pertinent information about your algos would get your more sales. This could include:
1. clearer information on stops and profits (than is currently included in your commented code). Especially for people newer to coding, and especially as your IP is already intentional obfuscated (for reasons I understand).
2. A clear indication of what constitutes a potential algo blowing up event. These happen, and for me is the first thing I code in. Lets just say for example your algo keeps buying against a huge downswing like in March. Sure, i’m responsible for that, but id say you guys are accountable for protecting customers on those occasions should I not be able to intervene manually. Or even then, using that example, without knowing the logic, how can I possibly know when its safe to turn them back on?
All that said, I do appreciate you sharing these as they are clearly good algos, but are they good enough to blindly trust with real money? Tough one. Especially at the higher position sizes.
01/20/2021 at 1:52 PM #158678Especially at the higher position sizes.
I always change position size to 1 contact so I’m comparing apples with apples across all Algos being Forward Tested.
01/20/2021 at 3:15 PM #158689always change position size to 1
Sure, but I think you miss my point….. if im running these algos at 1 contract and the market goes wrong and I lose a few quid.. ok, it happens,
but if im running them at 10x, 50x contracts and the market goes mad and im asleep and they keep opening positions into a falling market and when I wake up im down 100k, I wont be too happy.
with no information at all in how they deal with these situations and no way to check, that is a problem for me, and it should be for anyone who buys them too.
i don’t need to know all their secret sauce, and they should get paid but we need more info imo.
01/20/2021 at 3:21 PM #15869101/20/2021 at 4:45 PM #158702not necessary to buy an algo save your money, train yourself to prt and improve your algos
People are just buying products or services they dont have the time / capabilities to learn to produce themselves. That’s what is called “economy”: the system of making money and producing and distributing goods and services. I prefer to buy my baguette each morning than to improve my baking 😆
01/20/2021 at 5:23 PM #158710I prefer to buy my baguette each morning than to improve my baking
I completely agree, but the difference here is if I ask the baker what ingredients he uses he will tell me. Or least, will confirm it contains nothing very harmful.
All I would like answered is “Do your algos have any in built protection against severe/strong market movement?” Because if they don’t, and more or less they are saying we should be running all of them to get the best return, then we need a different baker! 😬
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01/20/2021 at 5:54 PM #15871501/20/2021 at 6:02 PM #158716Do your algos have any in built protection against severe/strong market movement?”
Could you not make a judgement re how the Algos reacted during backtest to a severe market movement, e.g. either side of the 20 March 20 V shape or a few other recent peaks and troughs … 8 Jun 20, 2 Sep 20, 30 Oct 20 or a few one day or even 1 hour massive market moves?
01/20/2021 at 6:21 PM #158718Could you not make a judgement re how the Algos reacted during backtest to a severe market movement
Yep, thats fair. but making a judgement and hearing from the developer are different things I believe.
01/20/2021 at 8:55 PM #158728but if im running them at 10x, 50x contracts and the market goes mad and im asleep and they keep opening positions into a falling market and when I wake up im down 100k, I wont be too happy.
Surely the backtested results will show what happens during these conditions? 1million unit backtest. Thats all we can assume.
Prtalgos guys seem pretty honest, I watched their youtube weekly results video. They show losses and gains. Usually the scammers dont like showing losses.
Im sure they will be available in the marketplace with a more robust method of trialing. Ideally 1 month trial.
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01/23/2021 at 3:29 PM #159061I promised to update the 18 algos I have been running on demo since the 18/19:th of January.
Total gain is around 111 euro, latent gain is around minus 303 euro (didn’t exchange the dollar, just counted euro and dollar together).
5 times different algos have stopped working, so I started them again.
01/23/2021 at 3:46 PM #1590665 times different algos have stopped working
Above same with me and I found it was due to the position size being less than the IG minimum for the respective Instrument.
01/23/2021 at 3:52 PM #159067I promised to update the 18 algos I have been running on demo since the 18/19:th of January.
Total gain is around 111 euro, latent gain is around minus 303 euro (didn’t exchange the dollar, just counted euro and dollar together).
5 times different algos have stopped working, so I started them again.
Those are strange results. Which position sizes are you running? It’s relevant to see which position sizes you are running, one should always run factorized position sizes i.e. to divide the risk equally between the algos e.g. 1×1€ contract on DAX30 is not the same risk as running 1×1€ contract on the US500. Please attach the detailed report of your week so we can double check which winning trades you are missing.
Here are all the trades of the week. One image from our own account and one image from a customer account with similar position sizing. One trade discrepancy between the accounts.
In total a gain of €834,41, 18 wins and 2 losses.
Latent gain over the weekend of €152.4The reason of your algos stopping can be
- Because you haven’t started them with re-adjustable stops. You have to click the checkbox in the ProOrder AutoTrading window when starting the algos. Let me know if you can’t find it.
- The minimum required position size of your broker is higher than your position size in the code.
PS. Please also make sure that you start your algos with timezone UTC+01
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01/23/2021 at 3:59 PM #159073Please avoid embedding pictures in your posts, as this makes the forum pages slower to be loaded and bulkier. Attach them, instead. Thank you 🙂
Inserted pictures have been deleted and attached as they should be.
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01/23/2021 at 4:10 PM #159076The minimum required position size of your broker is higher than your position size in the code.
What broker do you consider when setting position size?
Surely IG is the most used broker (?) so be good if PRA ALGOs position size works for IG Clients?
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