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 N Rothschild why would i want to build a mechanical system when i have spent about 40 ...

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Old Apr 21, 2010, 5:47pm   #204
Joined Mar 2007
Re: Learning profitable automated trading

oildaytrader started this thread
Quote:
Originally Posted by N Rothschild View Post
why would i want to build a mechanical system when i have spent about 40 pages slagging you off for them?

im done replying to you, i think i and many others have proved your a complete spastic and any newbies reading this thread will realise that aswell.
The trolls had an agenda and had been trying hard.

Al least I learnt something useful from Meanreversion
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Old Apr 21, 2010, 10:05pm   #205
Joined Sep 2008
Re: Learning profitable automated trading

Quote:
Originally Posted by N Rothschild View Post
why would i want to build a mechanical system when i have spent about 40 pages slagging you off for them?

im done replying to you, i think i and many others have proved your a complete spastic and any newbies reading this thread will realise that aswell.

enjoy your $1500 a year, dont spend it all at once!
Wait, don't exit this thread yet. Let me stoke the fire some...

NR, did you hear what ODT says about your discretionary trading??
ODT, you gonna take that cr*p from NR??


OK...when you hear the bell come out swinging.

DING, DING...

Peter
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Old Apr 25, 2010, 4:09pm   #206
Joined Mar 2007
Re: Learning profitable automated trading

oildaytrader started this thread
Quote:
Originally Posted by wackypete2 View Post
Wait, don't exit this thread yet. Let me stoke the fire some...

NR, did you hear what ODT says about your discretionary trading??
ODT, you gonna take that cr*p from NR??


OK...when you hear the bell come out swinging.

DING, DING...

Peter
He lost the battle of friendly banter on his journal , threatened to remove the posts where he got slagged upto pig with lipstick, and reverted to 4 letter words and insults.New traders should not listen to people claiming to be experts on automated trading , when none of the so called experts have ever designed a profitable system.

O D T
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Old Apr 25, 2010, 4:19pm   #207
Joined Mar 2007
Re: Learning profitable automated trading

oildaytrader started this thread There are many ratios used to judge a good automated system

CAGR

http://www.investopedia.com/terms/c/cagr.asp

Sortino ratio

http://en.wikipedia.org/wiki/Sortino_ratio

Sharpe ratio

http://en.wikipedia.org/wiki/Sharpe_ratio

The system has been updated and shows the following over 5.5 years of back tests 2003 to mid 2008, after deducting 1 pip slippage.

Pips profit 214477
investment 50, 000
drawdown 10,000 /20 %
29867 trades
average 7.22 pips per trade profit after slippage 1 pip.
Cagr 77 %
cagr drawdown 3.85
Attached Thumbnails
214000.jpg  
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Old Apr 25, 2010, 4:27pm   #208
Joined Mar 2007
Re: Learning profitable automated trading

oildaytrader started this thread
Quote:
Originally Posted by Waterfield View Post
Well, just read this thread from the start and wanted to point a few things out. ODT was trying to show/teach people some of his systems (all of which are apparently posted to be unprofitable - don't really see the point in that).

However along the way he has shown a lot of contradicting posts. Personally I think this is just the mods messing around .


Right, apparently investment bankers are using systems like this on MT4. This should have been a warning sign right at the start he was a BSer


Oh right, so investment bankers use unprofitable trading strategies to make their money! I don't really see the point in posting unprofitable systems, no knowledge to be gained apart from what to avoid!


Sorry??? Which one is it. Will the system become a self fulfilling prophecy or will it be a fight of latency?


Oh right, so what's that? 1 1/2 years without sleeping? Hang on, you spent $200,000?


Wait a minute there chap, you spent $200,000 - why not trade that $100 per point you were on about?


Glad we cleared that one up, so they won't become a self fulfilled prophecy they'll just fail hugely if he was to post them.


Wait, you spent $200,000 on systems, and could be trading $100 a point - but infact you only have $10,000? What's the point in spending 95% of your capital on system creation?!


Oh right, so that's why you have over 50 systems. To send out emails to C2 and Zulutrade. Now I understand why you have that vendor badge and didn't tell us why.


What about that $100 ODT? Thought you were making millions!


Wait a minute, I thought you said the bigger the size the more the system fails?


Again, why? It'd be more worthwhile to point someone to a pdf in MQL than posting a non-profitable system.


I thought you said previously that only amateurs don't include slippage?


This is easily overcome.


You can't be serious?

-------------------
Just a few from the start of this thread, some other threads and the posts created today are crackers. Especially the comment about being more sophiscated IB's. Also the post about each EA costing $500 to make - (200000/500 = 400 EA's to send out false signals ).

Anyways, ODT I hope you recover from your massive 95% drawdown from trading capital due to investing in system creation. Also, good luck on getting past your pocket money phase. I hope you and your "team" bring some more entertainment to trade2win.

Phil.
I did not want to give my own strategy in the EAS , but if somebody wishes to experience automation , they were there for free.There is free data available on the internet for backtesting.


PDF's of MQL are not really useful, given the useless coders hanging around forums , coding hack jobs.You need professionals to code properly.

Whatever else is not important.
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Old Apr 25, 2010, 10:19pm   #209
Joined Jan 2009
Re: Learning profitable automated trading

Quote:
Originally Posted by oildaytrader View Post
There are many ratios used to judge a good automated system

CAGR

http://www.investopedia.com/terms/c/cagr.asp

Sortino ratio

http://en.wikipedia.org/wiki/Sortino_ratio

Sharpe ratio

http://en.wikipedia.org/wiki/Sharpe_ratio

The system has been updated and shows the following over 5.5 years of back tests 2003 to mid 2008, after deducting 1 pip slippage.

Pips profit 214477
investment 50, 000
drawdown 10,000 /20 %
29867 trades
average 7.22 pips per trade profit after slippage 1 pip.
Cagr 77 %
cagr drawdown 3.85
The testing stops mid 2008 again, why is that? For goodness sake, if we don't know how it performed during late 2008 and 2009, what value is it?
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Old Apr 25, 2010, 10:23pm   #210
 
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Joined Oct 2008
Re: Learning profitable automated trading

none.
__________________
"Let me issue and control a nation's money and I care not who writes the laws." Mayer Amschel Rothschild

Bullsh!t, Bearsh!t all smells the same to me!

"It is not cheap to develop automated systems , mine already cost over $1m. " oildaytrader
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