stupid maybe, but real

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  • This topic has 13 replies, 7 voices, and was last updated 6 years ago by avatarLeo.
Viewing 14 posts - 1 through 14 (of 14 total)
  • 01/09/2018 at 12:05 AM #57828
    MaoRai54

    dear all,

    I spent last year in copying, customizing, testing and running on real account many systems taken fron this library.

    The purpose was to split the risks into various systems running on different markets (i.e. forex and dax)

    My idea was to be able to get an average daily income of at least 50/100 euro, on a regular average basis.

    Well, I don’t tell you how much I’ve lost.

    My question is:

    IS IT SO DIFFICULT TO COLLECT A SERIES OF TS THAT CAN GIVE REGULARLY SUCH KIND OF “POCKET MONEY” ??

    HOW MANY OF YOU ARE HAVE TO ACHIEVE IT CONSTANTLY?

    THANKS IN ADVANCE FOR YOUR SINCERE ANSWER.

     

    01/09/2018 at 12:13 AM #57829
    robertogozzi

    I suggest reading https://www.prorealcode.com/topic/consistently-profitable-systems/,  https://www.prorealcode.com/topic/live-trading-success-is-any-one-actually-making-any-money/ and https://www.prorealcode.com/topic/hello-folks/.

    1 user thanked author for this post.
    avatar MaoRai54
    01/09/2018 at 12:21 AM #57830
    Vonasi

    100 Euro a day is quite a return to expect unless you start with a very big pot of money in the first place. That is 26000 Euro a year in profit.

    I suggest you read this which just happened to  arrive in my inbox today:

    http://systemtradersuccess.com/the-tough-truth-about-part-time-trading/

    1 user thanked author for this post.
    avatar MaoRai54
    01/09/2018 at 8:39 AM #57847
    Nicolas

    Sorry to hear about your losses.

    This topic is also a good compilation of wisdom about trading in general: https://www.prorealcode.com/topic/20-years-of-trading-my-2-cents/

    1 user thanked author for this post.
    avatar MaoRai54
    01/09/2018 at 6:24 PM #58716
    Nobody

    I think the best way to produce consistent coded systems is to replicate proven price action trading styles converting them into a binary  . In my experience you really need to have 2 skill sets to make it in this style  . The ability to trade with no programme and the ability to code . Both challenging  skillsets , my experience is learning price action takes longer than learning to code but neither are learnable in short periods .   Its all about practice time , its difficult to learn experience quickly obviously .  needs a lot of passion and commitment . Dont concentrate on the money , concentrate on the process , take your time before commiting too much money  . The markets arent going anywhere , they will still be there once you have developed the skills   .  Good luck  , structure your learning  , be patient ..

    01/09/2018 at 6:30 PM #58717
    Eric

    well its easier to make 100 a day with a 100K account than with a 10K account

    and with a 1K account its almost impossible

    its all about percent and drawdowns

     

    01/09/2018 at 6:41 PM #58720
    Nobody
    Eric wrote:

    well its easier to make 100 a day with a 100K account than with a 10K account and with a 1K account its almost impossible its all about percent and drawdowns

    Lol and yet it is a lot easier to lose 100k with a 100k account than it is with a 10k account  . 100k only really makes it easier due to the buffer but a 10k drawdown on a 100k account is the same loss as a 10k DD on a 10k account  . A 1% return a day isnt totally unrealistic but you will need some mad skills and probably 5 years minimum experience  . If you are happy with 100 a day on 100k account a double leveraged indice etf will probably do that for you without making your broker richer than you  😉

    01/09/2018 at 7:06 PM #58727
    Vonasi
    Brisvegas wrote:

    I think the best way to produce consistent coded systems is to replicate proven price action trading styles converting them into a binary .

    Dont concentrate on the money , concentrate on the process

    Two very good bits of advice.

    Creating strategies that can simulate how you might look at price action is a very good way to create working strategies. Most indicators are lagging and leave you behind the price movements unlike price action. You will need some indicators but the fewer the better – probably just for confirmation of trend and  as potential price levels to make decisions at and that is probably all. Complicated is not always better and is more likely to be curve fitted IMHO.

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    avatar Nobody
    01/09/2018 at 7:22 PM #58730
    Vonasi
    Nicolas wrote:

    Sorry to hear about your losses. This topic is also a good compilation of wisdom about trading in general: https://www.prorealcode.com/topic/20-years-of-trading-my-2-cents/

    I just read your post in the above link where you said:

    ‘That’s why non-temporal timeframe is a must for automated trading, trading only price movement and not time is IMO the best solution, and even more if you are using technical indicators to make trading decisions in your algorithm.’

    Sometimes Nicolas you come out with some very wise nuggets of information that seem to just slip under the radar. I wish I’d read that and thought about it a long time ago!

    01/09/2018 at 8:25 PM #58738
    Eric

    Its the leverage that makes the difference

    if you use 10 the drawdown is easier to handle than if you use 100

    “Indeed a study by the Central Bank in 2015 found that 75 per cent of retail CFD clients who invested in CFDs during 2013 and 2014 made a loss, of which the average loss was €6,900. A follow-up study in 2016 found that 74 per cent of retail clients lost money, with an average loss of €2,700.”

    “The Central Bank is also considering imposing further restrictions, including introducing a leverage limit of 25:1 on trades. Currently, leverage levels of 400:1 are offered to retail clients with minimal experience of trading CFDs. This means that someone opening a new CFD trading account with an initial deposit of €100, could assume a €40,000 exposure in a single trade.”

     

    https://www.irishtimes.com/business/financial-services/central-bank-to-crack-down-on-contracts-for-difference-1.2999406

    01/09/2018 at 8:34 PM #58739
    Nobody
    Eric wrote:

    Its the leverage that makes the difference if you use 10 the drawdown is easier to handle than if you use 100 “Indeed a study by the Central Bank in 2015 found that 75 per cent of retail CFD clients who invested in CFDs during 2013 and 2014 made a loss, of which the average loss was €6,900. A follow-up study in 2016 found that 74 per cent of retail clients lost money, with an average loss of €2,700.” “The Central Bank is also considering imposing further restrictions, including introducing a leverage limit of 25:1 on trades. Currently, leverage levels of 400:1 are offered to retail clients with minimal experience of trading CFDs. This means that someone opening a new CFD trading account with an initial deposit of €100, could assume a €40,000 exposure in a single trade.” https://www.irishtimes.com/business/financial-services/central-bank-to-crack-down-on-contracts-for-difference-1.2999406

    Whilst all that might be true , its not neccesarily the leverage thats the issue  , its the expectancy of the method or complete lack of method . leverage just makes the inevitable account blowup faster but its going to happen anyway  . Its the skills that are #1

    01/09/2018 at 9:06 PM #58744
    Nobody

    And to the OP , anyone with a strategy with amazing expectancy and returns that is used traded live is unlikely to be shared on public forums .  This is just the way it is , i have some coded ideas i am trading live recently that perform well . Given the liquidity of some things i trade it would be counterproductive to share them publicly  . People who have produced codes that perform have likely done so after years of work , costs and testing  . What value do you put on that ? Why would you hand it out for free ?  All that does is dilute any edge you have .  The true way to profit coding is to innovate . imitating not so much  . People share great ideas , find snippets of ideas that appeal and use them to create your own unique system , its much more rewarding .

    01/09/2018 at 9:09 PM #58745
    Nobody
    Brisvegas wrote:

    And to the OP , anyone with a strategy with amazing expectancy and returns that is used traded live is unlikely to be shared on public forums . This is just the way it is , i have some coded ideas i am trading live recently that perform well . Given the liquidity of some things i trade it would be counterproductive to share them publicly . People who have produced codes that perform have likely done so after years of work , costs and testing . What value do you put on that ? Why would you hand it out for free ? All that does is dilute any edge you have . The true way to profit coding is to innovate . imitating not so much . People share great ideas , find snippets of ideas that appeal and use them to create your own unique system , its much more rewarding .

    Edit  .. If someone handed out a great code that performed well live its not difficult for a competent coder to actually frontrun a system and cut the original guys edge  …

     

    01/10/2018 at 7:12 PM #58915
    Leo

    I am testing in demo manually open a put option and call option simuntatnuously in support or resistance proximies. I must say that I wining maybe 90% of trades… in demo. Totally different that real life

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