Learning profitable automated trading

This is a discussion on Learning profitable automated trading within the General Trading Chat forums, part of the Reception category; Breakout system profitability depends on market conditions.The best market conditions are when breakout entry price is hit , and price ...

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Old Feb 16, 2010, 6:15pm   #57
Joined Mar 2007
Re: Learning profitable automated trading

oildaytrader started this thread Breakout system profitability depends on market conditions.The best market conditions are when breakout entry price is hit , and price makes a good move of atr.Profitability suffers in choppy markets,and breakout systems can have drawdowns in choppy/mixed markets.

Nice articles on breakouts

Volatility Breakout Systems
Posted By: Linda Bradford Raschke

http://www.traderslog.com/volatility-breakout-systems/
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Old Feb 17, 2010, 10:52pm   #58
Joined Mar 2007
Re: Learning profitable automated trading

oildaytrader started this thread The enemy of breakout systems is a ranging market.If price goes to breakout point and turns, immediately to the otherside of the channel,the system will incur losses.

If using a contrarian syste, selling /buying at breakout point , these contrarian systems have poor profitability, would you run unprofitable systems?If yes , why?
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Old Feb 18, 2010, 11:02am   #59
Joined Mar 2007
Re: Learning profitable automated trading

oildaytrader started this thread Just beware when hiring programmers .Finding good programmers is not easy.

Folks, beware & do not be the next victim!Avoid programming con artists.

http://www.trade2win.com/boards/meta...ks-beware.html
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Old Feb 18, 2010, 4:18pm   #60
Joined Mar 2007
Re: Learning profitable automated trading

oildaytrader started this thread We are having a reasonable day today .Yesterday was profitable.

Just go to post 1 and download entertainment EAS

Imagine a manual trader trading with automated robots trading 50 instruments , systems and set ups simultaenously
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Old Feb 19, 2010, 5:31pm   #61
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Re: Learning profitable automated trading

oildaytrader started this thread Loads of trades and entertainment today
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Old Feb 23, 2010, 6:06pm   #62
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Re: Learning profitable automated trading

oildaytrader started this thread We are doing great on demo today

7 different instruments traded simultaneously , 14 different set ups, Everyonerich must be rich today.
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Old Feb 24, 2010, 10:40am   #63
Joined Mar 2007
Re: Learning profitable automated trading

oildaytrader started this thread I received a P M about my post in the following thread,asking me about 2,000 pips profit in one day on a live.

The Eas in this thread can also make 2,000 pips in a day,they can also lose 2,000 pips in a day.

http://www.trade2win.com/boards/gene...ml#post1064028

With automated systems , one may make 30,000 pips a year and suffer losses of 20,000 pips, leaving an annual profit of 10,000.The equity curve is not constanly increasing , but has ups and downs.Losses may come before profits and could result in drawdowns.
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