Trading the Enterprise...!

[linkon7]

Wish you the best with this black box. Though not easy words to digest from someone who loves coding his own systems. Its not a question of ego as you have mentioned before, its just that I wonder how you have managed to place your trust on a process whose parameters you do not know. Its actually a let down for me, to see you accepting a black box. Thats all. Thogh maybe what matters at the end of the day is profits, and if its giving you that, notthing like it. I hope to God that you have tested months like August 2010 June 2010 and Jan 2010. If bar replay is as robust in those months, then maybe you are right in accepting a black box.

system coders have either analyst mindset or trader's mindset. Problem with a trader's mindset is that he is never satisfied with the end result because he is willing to sacrifice strike rate for better risk reward ratio. The big trades, we might not ride all the way and exit much before system gives an exit, but the loosers, we will ride all the way. Exits are very difficult to code as that is the only determining factor of profitability.

I know the coder of this system and he is a passionate trader like myself. He knows what he is doing and is not blindly shooting arrows in the air. His system exits is far superior than my best systems and my ego wont stop me from accepting that fact.

I have been trying to code a mechanical system that gives 300 points per month and my best system gives about 150-200 per month, irrespective of the phase of the market. If someone has designed a system that outperforms my best, then i don't mind paying for it as i can now devote time and energy on my own system and find ways to improve it.

Overcoming ones own ego is a very big milestone in any traders journey....!

 

[sumosanammain]

system coders have either analyst mindset or trader's mindset. Problem with a trader's mindset is that he is never satisfied with the end result because he is willing to sacrifice strike rate for better risk reward ratio. The big trades, we might not ride all the way and exit much before system gives an exit, but the loosers, we will ride all the way. Exits are very difficult to code as that is the only determining factor of profitability.

I know the coder of this system and he is a passionate trader like myself. He knows what he is doing and is not blindly shooting arrows in the air. His system exits is far superior than my best systems and my ego wont stop me from accepting that fact.

I have been trying to code a mechanical system that gives 300 points per month and my best system gives about 150-200 per month, irrespective of the phase of the market. If someone has designed a system that outperforms my best, then i don't mind paying for it as i can now devote time and energy on my own system and find ways to improve it.

Overcoming ones own ego is a very big milestone in any traders journey....!

But have you back tested Jan, June and August 2010?

 

[linkon7]

But have you back tested Jan, June and August 2010?

June'10 to aug'10 were the most difficult phase for me. Aug'10 had a monthly range of 183 points. Really dont know how well this system will perform if volatility dries up so badly.

But i have other systems ready that perform very well if we see such days. Market wont surprise me next time we see another aug'10.

 

[Smart_trade]

June'10 to aug'10 were the most difficult phase for me. Aug'10 had a monthly range of 183 points. Really dont know how well this system will perform if volatility dries up so badly.

But i have other systems ready that perform very well if we see such days. Market wont surprise me next time we see another aug'10.

One will never get a system which will work and make profits on all kind of markets. So if the system does not make money in 3 months...so what ? it makes money in remaining 9 months.....so make big money for 9 months and loose some in 3 months.....this is a trader's mindset.

But the analyst's mindset is he will keep trying to make a system which will be profitable in all environments....or a holy grail....which does not exist. He will keep adding extra tweaks to a robust system to make it perfect...but the method looses its robustness in the process.

Just thought of sharing few words.....I don't trade any blackbox or any AFL based method.

Market is a great arbitrator...if the method makes money, people will stick to it...if it does not or if people come across something better, they will move there.....

Smart_trade

 

[inder.jeet]

hellow, today 8 trades, 5 buy 3 shoting
anlyser say 99 point
i making 69 point
brookrrge 16 point
for porkret 53 point

 

[msa5678]

hellow, today 8 trades, 5 buy 3 shoting
anlyser say 99 point
i making 69 point
brookrrge 16 point
for porkret 53 point

Very Profitable day indeed.

 

[linkon7]

make big money for 9 months and loose some in 3 months....!

I rather make big money in 9 months and make small money in the other 3...

MOnth should not end in a loss...! paapi pet ka sawaal hai...!

 

[linkon7]

Happy Diwali to all...!

 

[TradeJoker]

the analyst's mindset is he will keep trying to make a system which will be profitable in all environments....or a holy grail....which does not exist. He will keep adding extra tweaks to a robust system to make it perfect...but the method looses its robustness in the process.

Market is a great arbitrator...if the method makes money, people will stick to it...if it does not or if people come across something better, they will move there.....

great words of wisdom .. thanku very much STji

 

[linkon7]

From monday...!

lot size increases by 1 lot now....!

loss of 10 K... shift to 2 lots...!
gain of 10 k.. shift to 4 lots...!