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Introduce yourself here!
Started:June 10th, 2009 (08:43 PM) by Big Mike Views / Replies:529,030 / 7,053
Last Reply:19 Hours Ago (08:49 PM) Attachments:50

Welcome to futures.io.

Welcome, Guest!

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Introduce yourself here!

Old May 17th, 2013, 10:46 AM   #4011 (permalink)
Elite Member
shevlin,mn USA
 
Futures Experience: Advanced
Platform: ninjatreader
Favorite Futures: HE
 
Posts: 5 since Oct 2012
Thanks: 11 given, 3 received

smilies

didn't mean to get those smilies on there, was playing with them
worth a laugh

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Old May 17th, 2013, 07:45 PM   #4012 (permalink)
Elite Member
Townsville Australia
 
Futures Experience: Intermediate
Platform: MTPredictor
Favorite Futures: Stock
 
DEVTRAD's Avatar
 
Posts: 2 since May 2013
Thanks: 0 given, 0 received

New To Mike Forum

Just registered on Big Mike's Forum

Have been trading four about 4 years - Part Time - Postion, CFD's-mainly stock ASX

Use 3 key software products MTPredictor, Vantage Point and BullCharts

Live in sunny NQ Australia.

Look fwd to involvement in BMF

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Old May 18th, 2013, 12:59 PM   #4013 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Futures
 
Posts: 1 since May 2013
Thanks: 1 given, 0 received

New Here


Since I seem to be getting prompted as a new user to introduce myself, here goes....

I am an experienced stock investor, having been in the markets since the mid 1990's. A couple of years ago, an associate and myself developed a fully automated trading platform to trade a very specific pair trading strategy that involved exploiting a correlation between two different asset class instruments that really didn't have any good reason to be correlated, but for a period of about 3.5 years, they were. The strategy was at one time very profitable (printing money). However, over the last two years, and especially the last 6 months or so, the correlation that the strategy was built upon has totally disappeared. It wasn't a HFT sort of algorithm, but it was definitely short term. Most trades were a few minutes to a few hours. In general, the longer the position was open, the worst the performance was (ie, if the regression to the mean didn't happen fairly quickly (within 20-30 minutes), it was probably going to be marginal trade).

The platform was built in java and used Interactive Brokers' API. The system was completely automated. It managed initializing all the parameters based upon historical statistics for a given look back period, calculated the price of the synthetic security which was basically a ratio of the two instruments, and then managed the trade, including making sure we managed the spread during entry, exit and managed the stops of the synthetic pair so we got almost no slippage. The software worked well.

Although we managed to make profits for two years, I decided to pull the plug on this system a couple of months ago due to the clearly degrading performance.

Without this experience, I would have never ventured into the realm of futures contracts and forex trading. However, I have decided to give trading futures a go. I haven't really learned enough to start trading real money yet. Still working on what my style/system should be. However, I am not as enamored with a fully automated system anymore, as I believe that it takes a pretty complex/adaptive system to be able to successfully trade the markets long term. Something the human brain is pretty good at doing, but difficult to code a mechanical system to do well. However, certainly not impossible.

I have a fair bit of experience in machine learning techniques so I have been exposed to sophisticated modeling in a variety of subject areas. I have working knowledge of logistic regression, neural nets, decision trees, and most recently random forests. I still have a great deal of interest in these areas.

I am an aerospace engineer by training and spent 10 years in that field. I then moved into commercial enterprise software as a software developer, architect, and for the last dozen years of so, product management of enterprise software. I have worked for a variety of small companies and startups over the years and ran product management for several.

I have been impressed with the level of knowledge and experience on this forum. I have found that this is the only place that has the right information available with a atmosphere that is conducive to learning and gaining experience.

Thanks.

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Old May 18th, 2013, 06:16 PM   #4014 (permalink)
Trading Apprentice
Cleveland+Ohio/USA
 
Futures Experience: Advanced
Platform: eSignal
Broker/Data: Fidelity / eSignal
Favorite Futures: Stocks
 
Posts: 11 since Apr 2013
Thanks: 0 given, 3 received


Eurydome View Post
However, over the last two years, and especially the last 6 months or so, the correlation that the strategy was built upon has totally disappeared. Although we managed to make profits for two years, I decided to pull the plug on this system a couple of months ago due to the clearly degrading performance.

Thanks.

Eurydome,
Slot machines are the most popular gambling method in casinos and constitute about 70 percent of the average US casino's income...but it wasn't always like that. Early machines used wooden spindles. This caused the spindles to wear in a manner that would 'favor' certain numbers. "Astute' gamers' discovered this edge and exploited it. When enough gamers become aware...the edge disappeared. Sounds like you had a good 2 year run on your edge.

Congratulations...and good luck with your trading.

PeterJerome

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Old May 18th, 2013, 07:35 PM   #4015 (permalink)
Elite Member
Miami, FL
 
Futures Experience: Advanced
Platform: NT
Favorite Futures: ES, CL
 
Posts: 116 since May 2013
Thanks: 249 given, 62 received

Futures Edge on FIO
I've been trading for quite some time, specializing mostly in index futures (ES, NQ)
My favorite platform is Ninjatrader. Thanks for the wealth of information in this forum.

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Old May 19th, 2013, 03:09 PM   #4016 (permalink)
Elite Member
Missouri City, Texas
 
Futures Experience: Intermediate
Platform: NT7
Favorite Futures: TF
 
Posts: 1 since May 2013
Thanks: 14 given, 0 received

Newbie to BMTF

Hi all,
I have been day trading for six years. And like most, immediately found out how challenging it is. After a great deal of investment in books, systems, indicators and learning curve capital, I have developed a focused approach trading just a few futures (TF, GC, 6E) and starting to see some weeks turn into profitable months! Currently using Ninja. Just ran acrsoo Big Mike and really like what I see. One of my biggest challenges has been a lack of outside opinion and accountability.
Thanks Larry

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Old May 20th, 2013, 12:37 AM   #4017 (permalink)
Trading Apprentice
Sydney, NSW
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: Z, ES
 
Posts: 1 since May 2013
Thanks: 1 given, 0 received

Thanks for the welcome

I would like to thank you for your warm welcome to your forum. I am someone who wants to learn more to be able to take some control over my finances - better then just leaving it to the fund providers. I have started recently in futures (so far - lost more that I have gained) and I have purchaed shares over the years with some sucesses. I am looking forward to learning more about what things to do (ie how to understand Charts & strategies; books/blogs etc to read) and learning what pitfalls others have come across.

My first area I need to work on is to get a practical trading plan in place that I can build on as I get more confident.

LRE

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Old May 21st, 2013, 07:47 AM   #4018 (permalink)
Trading Apprentice
Singapore
 
Futures Experience: Beginner
Platform: Philips
Favorite Futures: Futures
 
Posts: 1 since Nov 2012
Thanks: 1 given, 1 received

Hope

Hi everyone,
I am a trader and would like to communicate with trader friends here to exchange trading skills and experiences. And also would like to join all the activities here.

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Old May 21st, 2013, 07:24 PM   #4019 (permalink)
Trading Apprentice
Frankfurt, Germany
 
Futures Experience: Advanced
Platform: Agenatrader, Ninjatrader
Broker/Data: Mirus Future/Zen-Fire
Favorite Futures: ES, FGBL, CL, Stocks, Currency Futures
 
Posts: 1 since May 2013
Thanks: 0 given, 1 received

Hi

Glad to join this fourm.

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Old May 22nd, 2013, 04:10 AM   #4020 (permalink)
Trading Apprentice
Lödöse + Sweden
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: Forex
 
Posts: 1 since May 2013
Thanks: 2 given, 1 received



roonius View Post
Glad to join, Mike

Hmm... I have no idee where this post will come up but im still happy to join you guys.
Im a ratio trader and im trading mostle at the forex market.

Plan your trade / Trade your plan
Tommy Drakbrink

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