My algo trading daily performance

[niftytaurus]

https://www.quantopian.com/posts/trading-strategy-ideas-thread

Thanks,
MT

Hi
Thanks MT for this useful thread .It will eb great beneficial for mechanical traders.
I have read your full thread.It really helped me to understated automation trading.
I have some queries.I am not a software person.Dont know much about techanicalities..How to go about it? what should be my steps?
how to go about amibroker? how to find strategies & automate them? how to back test them? how to write AFL ? Should I learn software programming?
I mean what should be my steps in a way of fullly automated?
Thanks

 

[mechtrader]

Hi
Thanks MT for this useful thread .It will eb great beneficial for mechanical traders.
I have read your full thread.It really helped me to understated automation trading.
I have some queries.I am not a software person.Dont know much about techanicalities..How to go about it? what should be my steps?
how to go about amibroker? how to find strategies & automate them? how to back test them? how to write AFL ? Should I learn software programming?
I mean what should be my steps in a way of fullly automated?
Thanks

Hi Niftytaurus,

I am also not a software person. The first system on which I traded was a simple Orb system and I was too naive in afl coding that I had to get it coded by a professional shelling out 20k. But I soon realized that, I have to learn writing afls if I have to survive in this business, coz this business demands testing of hundreds of potential ideas

Now as per your questions:

how to go about amibroker? how to back test them? how to write AFL ?
==> All will be answered once you study amibroker.

how to find strategies & automate them?
==> There is no specific place where you can find strategies. Its just you have to study articles, research papers, interact with people and get ideas from them. Test them to see whether they are consistent market inefficiencies or not. "How to automate" is answered in detail in a prev post.

Should I learn software programming?
This is upto you to decide , what kind of trader you want to be. One thing is for sure.. If you want to trade automated systems then you have to learn the language. There can be no escape.

Thanks,
MT

 

[skamal7]

hi mech Trader,
Do u trade based on breakout or something like u wait for a candle close to take trades?

 

[mechtrader]

hi mech Trader,
Do u trade based on breakout or something like u wait for a candle close to take trades?

I trade candle closes. But how does it makes a diff even if I trade breakouts?

Thanks,
MT

 

[skamal7]

The point is many times u miss big moves when u trade on candle closes(big moves happen before the candle closes). if some one has a breakout level it avoids those scenarios.
Again it all depends on individual comfortableness

 

[mechtrader]

Thanks,
MT

 

[mechtrader]

The model couldnt keep upto the profit. It one had 30k MTM. Disappointed

Thanks,
MT

 

[cepetrading]

Hi MT,

Is there an option where you can trail profits and not allow them to turn into losses.

I know scripts in mt4 trading where it locks a certain amount of profit and closes all the open trades if example mtm crosses +5k...

Regards

The model couldnt keep upto the profit. It one had 30k MTM. Disappointed

Thanks,
MT

 

[onlinegtrash]

Hi MT,

Is there an option where you can trail profits and not allow them to turn into losses.

I know scripts in mt4 trading where it locks a certain amount of profit and closes all the open trades if example mtm crosses +5k...

Regards

then with those scripts biggest win will never cross 5k
Market will always make sure to test such profit lock in levels and lock you out of a big move!

 

[mechtrader]

Hi MT,

Is there an option where you can trail profits and not allow them to turn into losses.

I know scripts in mt4 trading where it locks a certain amount of profit and closes all the open trades if example mtm crosses +5k...

Regards

The option to trail is always there. The question always is " how much is too much". The stop should not be too tight nor too loose.
I have tested that too tight trail seems to hamper the performance of the portfolio.
Today was just not a good day is all I can say.

Thanks,
MT