Learning profitable automated trading

Shanghai · Jun 27, 2010, 9:12am

Quote:

Originally Posted by oildaytrader

The systems I designed worked very well in good economic climate with low to high volatility markets, this was at a time when trends lasted 1500 pips .The original systems are profitable and performed reasonably in 2008 to 2010 , producing 30% per annum in the two years.

I have now added multiple systems to cater for extreme volatility and longer bear /bull markets of 35 cents or 3500 pips.These produced profits in 2008 to 2010 and have made up for the lower performance of the original systems .

I now have a total of 50 EAS(automated programs) working simultaneously or 50 mechanical systems catering for all types of market conditions.

I don't get the point of this at all. You stated yourself that you first started trading live about 4 weeks ago and that you were trading using discretionary methods. You mentioned at the time that automated strategies don't work.

grimesd · Jun 27, 2010, 9:34am

Quote:

Originally Posted by Shanghai

I don't get the point of this at all. You stated yourself that you first started trading live about 4 weeks ago and that you were trading using discretionary methods. You mentioned at the time that automated strategies don't work.

With ODT it's all talk, with very little evidence to back up his claims (apart from a few demo accounts). So take his posts with a pitch of salt.

Having said that, some of his words of wisdom are quite valid.

oildaytrader · Jun 27, 2010, 9:40am

Quote:

Originally Posted by Shanghai

I don't get the point of this at all. You stated yourself that you first started trading live about 4 weeks ago and that you were trading using discretionary methods. You mentioned at the time that automated strategies don't work.

I never stated anything as such.I put the automated on hold until I solved the problems of profiting in current market condition and reducing drawdowns.The automated systems are still alive and kicking , and are traded separately by computers

In addition I am now manual day trading as a discretionary mercanary trader.

A portfolio of automated systems work, but single mechanical automated systems don't work .

meanreversion · Jun 27, 2010, 9:51am

Quote:

Originally Posted by oildaytrader

I never stated anything as such.I put the automated on hold until I solved the problems of profiting in current market condition and reducing drawdowns.The automated systems are still alive and kicking , and are traded separately by computers

This is like saying - the moon is made of cheese, the moon is not made of cheese.

"I put the automated on hold" yet you are running 50 automated strategies.

Hmmmmmmm, you'll forgive me for wondering if you actually trade at all, ODT. Maybe you should rename yourself "oildaydemotrader"?

oildaytrader · Jun 27, 2010, 12:32pm

Quote:

Originally Posted by meanreversion

This is like saying - the moon is made of cheese, the moon is not made of cheese.

"I put the automated on hold" yet you are running 50 automated strategies.

Hmmmmmmm, you'll forgive me for wondering if you actually trade at all, ODT. Maybe you should rename yourself "oildaydemotrader"?

I did put them on hold , but just waiting for the testing results of the new high volatility extreme conditions EAS .Some of the tests have been done and results are very good.The rest will take a month.

I wouldn't recommend anyone start using live accounts with automated systems/eas, until they are absolutely ready to beat all market conditions.

34 strategies are ready to go back, just waiting for 16 from the extreme range of EAS.

Here is an image of 64 EAS without the 16 eas of the extreme range

Just give me time to show you the best portfolio of EAS.They take time to develop and test.

O D T

meanreversion · Jun 28, 2010, 1:17am

Aaaaaaaahhhhhhh I see... when you say you have "50 automated programs working simultaneously" you mean you have.. er.. what..

You have identified 50 strategies that are profitable in backtesting? When you say your system was "profitable in 2008" you mean it made money in backtesting in 2008?

So you're not actually running ANY money on automated programs, you're still just testing.

Your language is incredibly confusing. This isn't politics here, it's trading. You are either trading REAL money with an automated system or you're not.

Shanghai · Jun 28, 2010, 2:57am

Quote:

Originally Posted by meanreversion

Your language is incredibly confusing. This isn't politics here, it's trading. You are either trading REAL money with an automated system or you're not.

You clearly don't understand the zen qualities of ODT's trading style...

meanreversion · Jun 28, 2010, 4:40am

It's just pure unmitigated drivel.

He is unable to make a clear statement as to whether or not he is running real money on automated trading.

He is making vague references to "50 systems" and needing to run a diversified set of automated systems for it to work. He will never have the capital to run 50 systems, so it's totally irrelevant.

ODT is just an out and out numpty.

Jun 28, 2010, 1:17am	#238
meanreversion Legendary Member Member Since Jan 2009 3,398 Posts	Re: Learning profitable automated trading Aaaaaaaahhhhhhh I see... when you say you have "50 automated programs working simultaneously" you mean you have.. er.. what.. You have identified 50 strategies that are profitable in backtesting? When you say your system was "profitable in 2008" you mean it made money in backtesting in 2008? So you're not actually running ANY money on automated programs, you're still just testing. Your language is incredibly confusing. This isn't politics here, it's trading. You are either trading REAL money with an automated system or you're not.

Jun 28, 2010, 4:40am	#240
meanreversion Legendary Member Member Since Jan 2009 3,398 Posts	Re: Learning profitable automated trading It's just pure unmitigated drivel. He is unable to make a clear statement as to whether or not he is running real money on automated trading. He is making vague references to "50 systems" and needing to run a diversified set of automated systems for it to work. He will never have the capital to run 50 systems, so it's totally irrelevant. ODT is just an out and out numpty.

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