This is completely untrue. I've sent BigMike 2 equity curves of systems I trade. I've got one more that is mechnical but I don't automate it because it uses end of day data so not much need to automate.
That said, these systems do not make as much as they could if they were traded manually. Assuming someone has the discipline required to trade them manually. When I first started I didn't have the discipline and the automation was a way for me to protect myself from myself. Now I am making a lot of progress on the discipline so I prefer to use the automated strategy ideas with some discretion.
Finally, it takes a long time to develop a working automated strategy but in the process one learns a lot about what works and doesn't work. So it's not a total waste.
The following user says Thank You to cunparis for this post:
Seems I've had a bachelor's and master's in trading over the past 8 years. Now it's time to get a "job" as a trader in the real world!!! (as I continue to learn...)
Last year was able to start my small business out of my home - estimating commercial construction. That allowed me more freedom to watch the markets. However, I've also learned that I can't trade with one eye on the market. Therefore, I'm adjusting my hours of work around market time. I trade just 2 1/2 hours in the am and 1 or 2 in the afternoon.
I've been studying / sim-trading the Russell (TF) and have just started looking at ZN thanks to Sharky's various threads.
I'm trying to learn more about coding in NT (for the past 8 months) and enjoy working with the basics of customizing indicators / strategies.
As I've searched for the best indicators for me, I realize the most important aspect to trading for me (beyond the psychological considerations) is the money management plan. Was able to write a trading plan last year - just need to verify / practice what it says / stay focused.
Just wanted to clarify what I wrote here.. When I initially developed my automated strategies, I was working at least half of the days in the week so I couldn't do better manually even if I wanted. now I'm working mornings and I'm home for the US open at 3:30. I just started this schedule this week so we'll see how it goes but I'm thinking I can stop the automation and do it manually.
On the 3rd strategy wich is mechanical but not automated, today was the first time I didn't put in my order before the market open as I've been doing for the past year. So today my system showed two shorts. The market gapped up so I decided to wait and see if the two stocks continued up and then try to catch the turn down. I succeeded. One went up 6% and then I had to leave but it lookd to be topping out so I shorted it. It ended up closing the gap, hitting my 5% target and I got out. It closed up 5%. Had I placed an order at open I would have lost around 4% (it opened up 1%). Ok so that was longer than I intended but it is to say that I did better by doing it manually. Although what I did could be automated as well now that I think of it!
One more point: I've developed over 10 systems that I've traded with real money. Only 3 are left. The rest fell apart. So it's definitely not easy to have a system that continues working but it's possible. I've traded my stock system with real money almost every day for 1 year now.
Been trading for over a year now. Based in Australia and try to trade the US RTH session.
Sometimes sleep wins though.
Trade the ES and had dabbled with the Russell, but gave it away after it went to ICE. ZN looks very interesting, thanks to the wisdom of Sharky.
Great forum Mike, and thanks for taking the time to invest in it.
i am a trader who likes to start trading futures. I trade mainly stocks and ETFs. I have been using NT for sometime and love using ATS, mainly on SDS, SPY, SRS... I found the site of Mike. It looks really good.
I hope to learn some tricks and pass on some aswell.
Thanks for allowing me to be part of this.
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well for starters its unregulated. and they can run up to your stop and take you out anytime they want with nothing you can do about it. if you put a mt-4 broker aganst gain,and ib you can see that they really play with the pips 50-50+ so its very dangerous to trade it even if your a decent trader.and aslo you are not trading agains the market your only trading against the other people on the same broker that you are on and they take trades against you...sharky
G'day - I'm a novice NT user who has benefited considerably from the contributions made by the people here and on the NT forum in trying to get my head around using a computer program to help me make money trading. Having the facility to, potentially, try out ideas in a no-risk environment, not having the backing of a math PhD or an IT department, is pretty good! Keep pushing the envelope and I will try and catch up and keep up.
Name - Yusuf
Screen Name - fy260498 (It reminds me of something very important in my life)
Country - Australia
Trading Experience - More than 2 years
Favourite Platform - Ninja Trader, Meta Trader
Favourite Instrument - ES, 6E
Trading Success - Still not established
Qualification - Engineer but now trading for life
Wish you all happy trading and lots of learning here.
I am a new comer with less than 2 years experience.
Had trade with Woodiescci Club for a while with little success.
I am glad to find this site and hope to learn from these experienced traders.