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 BSD Can't believe Nick (who I know from reading his old forum, reefcap way back when) is ...

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Old Jun 27, 2010, 2:02pm   #232
Joined Jan 2009
Re: Learning profitable automated trading

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Originally Posted by BSD View Post
Can't believe Nick (who I know from reading his old forum, reefcap way back when) is recommending that all out trash from that total fraud Covel, who has nothing to do with the Turtles and never had any connection with any one of them, was selling freely made up rules, and couldn't trade his way out of a paper bag if his life depended on that !!!

Guy like that writing about trading is like me writing about becoming a pilot.

I could probably bluff my way through that, but it wouldn't really be an ideal manual for anyone really hoping to make a living from that and above all survive lol.
What's Covel's story and why is he a fraud?
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Old Jun 27, 2010, 2:12pm   #233
Joined May 2007
Re: Learning profitable automated trading

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Originally Posted by oildaytrader View Post
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.
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Old Jun 27, 2010, 2:34pm   #234
Joined Apr 2007
Re: Learning profitable automated trading

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Originally Posted by Shanghai View Post
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.
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Old Jun 27, 2010, 2:40pm   #235
Joined Mar 2007
Re: Learning profitable automated trading

oildaytrader started this thread
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Originally Posted by Shanghai View Post
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 .
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Old Jun 27, 2010, 2:51pm   #236
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Re: Learning profitable automated trading

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Originally Posted by oildaytrader View Post
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"?
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Old Jun 27, 2010, 5:32pm   #237
Joined Mar 2007
Re: Learning profitable automated trading

oildaytrader started this thread
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Originally Posted by meanreversion View Post
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
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Old Jun 28, 2010, 6:17am   #238
Joined Jan 2009
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.
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