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Is my plan possible !?
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Is my plan possible !?

  #1 (permalink)
Trading Apprentice
London
 
Futures Experience: Intermediate
Platform: Ts
Favorite Futures: Futures
 
Posts: 2 since Sep 2015
Thanks: 0 given, 0 received

Is my plan possible !?

Hi all, I've been "trying" to swing trade fx for about 4 years now but failed to become consistent. I'm the stereotypical trader story unfortunately. I have now cone to the conclusion that the only way I will be able to trade profitability is via algos on the futures markets with tradestation!
I have seen several people lately that trade a portfolio of different strategy's to help smooth out the equity curve.
So my plan is to get some algos and get set up on ts, I would like to trade a daytrade system maybe a mean reversion or volatility breakout, a swing and trend following system.
I have seen lots of people with near perfect 45% equity curves on their TS backtests and feel it would be my best chance at turning my trading around.
I have looked at blue wave trading and trade like pros but they all want mega money for their algos.....
So is there somwhere I could get them cheaper as they are usually only very simple ideas based on the same old classic designs ....

Regards onis

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  #2 (permalink)
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  #3 (permalink)
Elite Member
Sydney, NSW, Australia
 
Futures Experience: Beginner
Platform: Sierra Chart, Python, C#
Broker/Data: Interactive Brokers
Favorite Futures: MJNK, ASX, SPI
 
Posts: 98 since Jan 2014
Thanks: 70 given, 113 received


Hi Onis,

I have been focusing my trading efforts on automated strategies for the last 8 months, I have probably tested over 100 different ideas, 3 of them potentially viable, 1 is in operation.

I would recommend making this journey through your own personal research rather than looking at other vendors or products.

Confidence in your automated strategy comes from understanding it's edge 100%, and understanding the potential drawdown and expediencies.

Take a look at Kevin Davey's (@kevinkdog) book and his free webinars, he offers an excellent introduction to automated trading.

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  #4 (permalink)
Elite Member
Christchurch, New Zealand
 
Futures Experience: Beginner
Platform: SC
Broker/Data: IB, BC, Dx Feed
Favorite Futures: US Equities
 
Neo1's Avatar
 
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Onis View Post
Hi all, I've been "trying" to swing trade fx for about 4 years now but failed to become consistent. I'm the stereotypical trader story unfortunately. I have now cone to the conclusion that the only way I will be able to trade profitability is via algos on the futures markets with tradestation!
I have seen several people lately that trade a portfolio of different strategy's to help smooth out the equity curve.
So my plan is to get some algos and get set up on ts, I would like to trade a daytrade system maybe a mean reversion or volatility breakout, a swing and trend following system.
I have seen lots of people with near perfect 45% equity curves on their TS backtests and feel it would be my best chance at turning my trading around.
I have looked at blue wave trading and trade like pros but they all want mega money for their algos.....
So is there somwhere I could get them cheaper as they are usually only very simple ideas based on the same old classic designs ....

Regards onis


Do you even know what an Algo is? You can't just go throwing around the word Algo.

If you want to be a quant trader you can't just buy a few "Algo's" and start trading successfully. That's retarded. You have to come up with your own ideas/strategies, learn to write your own code, and then learn how to properly backtest.

Don't bother looking at all these turn key style algos websites, they're all BS. If the "Algo's" they're selling were so great then they'd scale them up and trade them for themselves.

"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
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  #5 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
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Sometimes I think BM writes these posts for shits and giggles

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  #6 (permalink)
Market Wizard
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
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Favorite Futures: futures
 
Posts: 2,388 since Jul 2012
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Neo1 View Post
You have to come up with your own ideas/strategies, learn to write your own code, and then learn how to properly backtest.

This is the key. You have to have a process for developing strategies that works. It is difficult work.

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
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  #7 (permalink)
Trading Apprentice
London
 
Futures Experience: Intermediate
Platform: Ts
Favorite Futures: Futures
 
Posts: 2 since Sep 2015
Thanks: 0 given, 0 received

Soooo disappointing, after reading this forum I thought it seemed quite helpful and not like others id read.
Then I get the stereo typical forum replies, one quiet helpful , one just bitchy and rude and the other just mocking.....

Hardly worth signing up for, I guess you bunch of losers are all here for the same reason as me because none of you know how to trade.....

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  #8 (permalink)
Elite Member
Sydney, Australia
 
Futures Experience: Intermediate
Platform: Sierra Chart, IRESS
Broker/Data: IB, IQFeed
Favorite Futures: ES, SPI, ASX stocks, options
 
Posts: 399 since Jun 2015
Thanks: 169 given, 446 received


Onis View Post
Soooo disappointing, after reading this forum I thought it seemed quite helpful and not like others id read.
Then I get the stereo typical forum replies, one quiet helpful , one just bitchy and rude and the other just mocking.....

Hardly worth signing up for, I guess you bunch of losers are all here for the same reason as me because none of you know how to trade.....

lol, nobody is helping you because you don't bother reading any info and just want a handout. You are getting mocked because you aren't the first and won't be the last.

Nobody here who matter asked for handouts, so you probably don't belong here.

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  #9 (permalink)
Market Wizard
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
 
Posts: 2,388 since Jul 2012
Thanks: 1,139 given, 4,387 received
Forum Reputation: Legendary


Onis View Post
Soooo disappointing, after reading this forum I thought it seemed quite helpful and not like others id read.
Then I get the stereo typical forum replies, one quiet helpful , one just bitchy and rude and the other just mocking.....

Hardly worth signing up for, I guess you bunch of losers are all here for the same reason as me because none of you know how to trade.....

I'm not sure which answer was mine (helpful, bitchy/rude, or mocking), but I can tell you the short answer I gave you cost me tens of thousands to figure out. Once I figured it out though, the tables were turned.

Good luck on your trading journey.

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
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  #10 (permalink)
Market Wizard
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
 
Posts: 3,635 since Jan 2013
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Onis View Post
Soooo disappointing, after reading this forum I thought it seemed quite helpful and not like others id read.
Then I get the stereo typical forum replies, one quiet helpful , one just bitchy and rude and the other just mocking.....

Hardly worth signing up for, I guess you bunch of losers are all here for the same reason as me because none of you know how to trade.....

Well, I was going to reply, but I guess there's no point.

But just in case there is, or in case someone else is reading this with the same questions, here goes:

It is very unlikely that your plan will succeed, because:

1. It assumes someone who has a great algorithmic method would find it more profitable to sell it to you than to use it himself.
2. So he can't make that much from just trading it, but you can.
3. You would like to find someone whose method not only works, but is also cheap. So it's not only great, but he doesn't want much for it.

There is a terrifically profitable industry of selling dreams and snake oil to traders, and there probably always will be.

Sure, there are things that work, but I believe the overwhelming experience of traders is that you will have to figure them out for yourself. People can give you help in the form of a better understanding of what to do and how to do it, but not really a pre-packaged, cheap solution.

If that were possible, wouldn't everyone be rich already?

Now, as to all us losers, it is possible that this is not the forum for you, and if so, it's good that you found that out quickly. But if you are willing to do the work, you really can learn stuff here. Many do.

Or not, your choice.

Bob.

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