Learning profitable automated trading

This is a discussion on Learning profitable automated trading within the General Trading Chat forums, part of the Reception category; Originally Posted by meanreversion Um, so it's our fault that you are forced into posting, and not making loads of ...

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Old Jun 29, 2010, 11:43am   #271
Joined Mar 2007
Re: Learning profitable automated trading

oildaytrader started this thread
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Originally Posted by meanreversion View Post
Um, so it's our fault that you are forced into posting, and not making loads of money instead?

Just think how much money you could make if you never logged into t2w!!
Thank you for your kind help in my forum addiction problem.Here it is unlogged from the professionals!
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Old Jun 29, 2010, 6:26pm   #272
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Re: Learning profitable automated trading

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Originally Posted by meanreversion View Post
This really is the biggest pile of horse manure I've ever had the misfortune to read on t2w.
at least until his next post.

Peter
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Old Jun 29, 2010, 9:05pm   #273
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Re: Learning profitable automated trading

Yup, and like an ejection from a horse's behind, it won't be long in arriving.
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Old Aug 6, 2010, 3:47pm   #274
 
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Re: Learning profitable automated trading

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Originally Posted by everyonerich View Post
can u share the rest of the EA you have not uploaded? seriously.. its no such thing as 10,000 traders would trade live with your ea.. for eg: how many traders there are in here follows exactly what the rest of the legendary member do? you only might need to worry if your ea is that good, JP Morgan, UBS bank can offer you billions to own it.
I agree, worrying that giving away your trading system will ruin your edge is being cynical. But like oildaytrader, I don't give mine away. I feel nervous about it too. It would be more fair to just admit that it's yours and you don't want to! Or that you'd rather sell it on a site somewhere than give it away.
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Old Aug 6, 2010, 6:49pm   #275
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Re: Learning profitable automated trading

oildaytrader started this thread
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Originally Posted by lbranjord View Post
I agree, worrying that giving away your trading system will ruin your edge is being cynical. But like oildaytrader, I don't give mine away. I feel nervous about it too. It would be more fair to just admit that it's yours and you don't want to! Or that you'd rather sell it on a site somewhere than give it away.
I really don't want to share the 30 to 50 EAS I am working on and using on live accounts .I don't want to sell them on forums or sites,I have few family contacts with $500m and owning a bank , they are interested in setting up a fund where they can earn 20 % per annum risk free in fund management fees on a 100m forex algo fund .

Hope you understand and please accept my apologies.
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Old Aug 6, 2010, 7:13pm   #276
 
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Re: Learning profitable automated trading

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Originally Posted by oildaytrader View Post
I really don't want to share the 30 to 50 EAS I am working on and using on live accounts .I don't want to sell them on forums or sites,I have few family contacts with $500m and owning a bank , they are interested in setting up a fund where they can earn 20 % per annum risk free in fund management fees on a 100m forex algo fund .

Hope you understand and please accept my apologies.
You have every right to keep them

EA's are hard work and look how many cannot build a good one! Perhaps that is the 95% of traders rule kicking in.

Personally I'm glad I had a few years under my belt before I moved on to Automation, it helped me to know which avenues I want to take and how the market reacts to certain things before I put my blood sweat and tears into code.
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Old Aug 6, 2010, 7:23pm   #277
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Re: Learning profitable automated trading

oildaytrader started this thread
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Originally Posted by lbranjord View Post
You have every right to keep them

EA's are hard work and look how many cannot build a good one! Perhaps that is the 95% of traders rule kicking in.

Personally I'm glad I had a few years under my belt before I moved on to Automation, it helped me to know which avenues I want to take and how the market reacts to certain things before I put my blood sweat and tears into code.
I have put in 10,000 hours of time ,had about 35 updates each on 3 styles of EAS ,presently they are getting retests and revamps to handle extreme crisis like the financial crisis, euro crisis, sovereign debt crisis and dollar crisis.In a normal crisis free environment , these eas do very well, the constant breakdown in trends over 2008 to 2010 due to all sorts of unusual market behaviour has meant a revamp to handle these types of scenarios.It is annoying and frustrating when doing the revamping and rewriting and retesting of a job completed a year ago.
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Old Sep 5, 2010, 9:06am   #278
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Re: Learning profitable automated trading

oildaytrader started this thread I have completed 38 different eas , there are about 7 more to be finalised.It is frustrating and I often feel like this smashing all my computers (5 of them).It is hard work designing SYSTEMS TO HANDLE UNUSUAL market conditions

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Old Sep 6, 2010, 10:26am   #279
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Re: Learning profitable automated trading

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Originally Posted by oildaytrader View Post
I really don't want to share the 30 to 50 EAS I am working on and using on live accounts .I don't want to sell them on forums or sites,I have few family contacts with $500m and owning a bank , they are interested in setting up a fund where they can earn 20 % per annum risk free in fund management fees on a 100m forex algo fund .

Hope you understand and please accept my apologies.
Ha ha ha, you're still a sad fantasist aren't you. Even in the extremely unlikely event you have family contacts with $500mio (whatever that means), I am fairly certain that not one would invest money with you.

20% per annum "risk free". Uh huh. Do you have any idea how ridiculous you sound? You are one of the reasons I lost interest in t2w.. if they allow people like you to peddle utter b/s, then it doesn't say a lot about the rest of the site unfortunately.
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Thanks! The following members like this post: Shanghai , wackypete2
Old Sep 6, 2010, 10:46am   #280
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Re: Learning profitable automated trading

oildaytrader started this thread
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Originally Posted by meanreversion View Post
Ha ha ha, you're still a sad fantasist aren't you. Even in the extremely unlikely event you have family contacts with $500mio (whatever that means), I am fairly certain that not one would invest money with you.

20% per annum "risk free". Uh huh. Do you have any idea how ridiculous you sound? You are one of the reasons I lost interest in t2w.. if they allow people like you to peddle utter b/s, then it doesn't say a lot about the rest of the site unfortunately.
Those hedge funds set up by investment banks are doing exactly that.20 % of profits , zero repayments for losses , that in my books is 20 % risk free money for fund management.Only the investors lose.

I am happy it makes you laugh.

It took another 5 months since may to revamp the systems, they will be ready this week to go on forward for a month.Live again next month.

What am I gonna sell them to public for $1,000 max , one copy sold and 10,000 passing on black market for $100.Microsoft programs for $300 don't earn a penny , and you expect people to sell software to earn $50k a year for $300.

I have a relative working in Goldman's fx trading department.

Last edited by oildaytrader; Sep 6, 2010 at 10:55am.
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Old Sep 7, 2010, 12:20pm   #281
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Re: Learning profitable automated trading

oildaytrader started this thread Your mechanical/automated strategies should be devised for 4 different types of market behaviour i.e ranging,trending ,failed trends and breakouts.Each type of market behaviour system will have 4 versions i.e low volatility, medium volatility,high volatility an extreme volatility. 4* 4 = 16 types of systems.Each of the 16 systems will cater for day trading and swing trading , making around 32 systems.

Each system will have to cater for quick exits and profit slow running exits , that is 64 systems (32*2).

All these guys selling single systems and automated systems are fraudsters.You need multiple mechanical systems to cater for all market conditions.
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Old Sep 7, 2010, 12:47pm   #282
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Re: Learning profitable automated trading

Is there an option on this forum to do the opposite of recommending a post? Sort of a "treat this post with the contempt that it deserves" button.
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Old Sep 7, 2010, 1:04pm   #283
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Re: Learning profitable automated trading

oildaytrader started this thread
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Originally Posted by Shanghai View Post
Is there an option on this forum to do the opposite of recommending a post? Sort of a "treat this post with the contempt that it deserves" button.

No .It is easier to post and admit being a snake oil salesman hanging around forums for peddling some wares like systems,methods and coaching methods and systems.
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Old Sep 15, 2010, 7:35am   #284
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Re: Learning profitable automated trading

oildaytrader started this thread The best automated system for forex is made up of 45 expert advisors .They work together as a portfolio of mechanical systems to survive most market conditions.They returned 25.6% from 2001 to 2006 , and 17.4 % from 2007 to 2010 ,after allowing slippage of 1 pip.This is based on $100k account and a drawdown of 10 %, by accepting higher risk of 20 % drawdown the profits can double to an average of 45 % per annum.It goes live again next month .On previous live runs ,it returned results similar to the above back tests.

The package survived the sterling crisis,the dollar crisis ,the euro crisis, the financial crisis and sovereign debt crisis.It is robust and of the highest quality.

It took 4 years and many rewrites and revamps of the entire system to complete, at a cost of $20,000 in programming fees,computers and expenses, plus the major cost of 10,000 man hours at $50 = $500,000 and the intellectual property coded of another $500,000,making a total cost of $1m.

It is not worth selling to little guys for $99 to $299,even Microsoft software costs more and does not generate income.
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File Type: xls 2007 to 2010 60835.xls (1.38 MB, 136 views)
File Type: xls combined 153886 2001 to 2006.xls (1.75 MB, 118 views)
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Old Sep 15, 2010, 7:55am   #285
 
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Re: Learning profitable automated trading

How much are you charging then?

Quote:
Originally Posted by oildaytrader View Post
The best automated system for forex is made up of 45 expert advisors .They work together as a portfolio of mechanical systems to survive most market conditions.They returned 25.6% from 2001 to 2006 , and 17.4 % from 2007 to 2010 ,after allowing slippage of 1 pip.This is based on $100k account and a drawdown of 10 %, by accepting higher risk of 20 % drawdown the profits can double to an average of 45 % per annum.It goes live again next month .On previous live runs ,it returned results similar to the above back tests.

The package survived the sterling crisis,the dollar crisis ,the euro crisis, the financial crisis and sovereign debt crisis.It is robust and of the highest quality.

It took 4 years and many rewrites and revamps of the entire system to complete, at a cost of $20,000 in programming fees,computers and expenses, plus the major cost of 10,000 man hours at $50 = $500,000 and the intellectual property coded of another $500,000,making a total cost of $1m.

It is not worth selling to little guys for $99 to $299,even Microsoft software costs more and does not generate income.
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