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Automated Trading - Things we can all learn
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Automated Trading - Things we can all learn

  #1 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
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Automated Trading - Things we can all learn

I see some people that are looking to get disciplined in the area of futures trading, so I thought I would help a little.
I want to draw the advantages of automated systems, and show parts that could discretionary traders could adopt.

1) System take the signal if the set up occurred, no question asked. There is no hesitation, no questions asked.
Beginner trades at times are afraid to pull the trigger, and as such miss trades with high odds.
It's always the trade you don't take that end up profitable?

You have a good method, trust it.

2) System use stops. They are wrong, they get out. Beginners traders at times sit and hope that positions will turn around. They don't, they wont. Hope is good for a football game, not for a trading.

3) Most automated system don't change the lots after consecutive wins or losses. They are set at one level of lots and traded as such regardless if the previous trade was a win or a loss. Do the same as a trader, don't change your lots based on the excitement of a win, or "revenge trading" trying to make it all back.

4) Systems can go consecutive periods of decline, still continue trading, and manage to come out ahead.
This is the hardest thing for a beginner trade to accept, because you start doubting your method, your skill as a trader, etc.
Even good methods go through losses and drawdowns, it's a fact.

5) Lastly, systems execute fast. If you have a set-up have everything else ready, your target and your stop should be all executed at the same time.

There are good systems, bad systems, good traders...and upcoming traders...LOL
Just trying to draw positives that would help you all.

Have a GREAT weekend.

M

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  #3 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: Master
Platform: Kinetick Ninja Trader <7>
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In addition, when you're building your trading system and then subsequently automate and back test, you can see where the system works and where it doesn't work in terms of price action. So when you're trading live with real dollars, you're not blindly taking signals you're looking at the market, understanding why there is a signal and deciding whether or not to take it based on money management rules and instincts.

IMO, system building is a good way to start building a meathodology from whcih trading decisions are based.

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Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
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Posts: 2,059 since Sep 2010
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mainstream View Post
In addition, when you're building your trading system and then subsequently automate and back test, you can see where the system works and where it doesn't work in terms of price action. So when you're trading live with real dollars, you're not blindly taking signals you're looking at the market, understanding why there is a signal and deciding whether or not to take it based on money management rules and instincts.

IMO, system building is a good way to start building a meathodology from whcih trading decisions are based.

Right on the money!

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #5 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,059 since Sep 2010
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This has been one of my favorite bloggers:
Milk Trader: I've filed for a divorce

This article captures it all.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #6 (permalink)
Just starting out...
Fort Morgan, Colorado, USA
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: futures
 
Posts: 17 since Oct 2010
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I have tried build a working system in ninja script for 1 year (only day trading), but all efforts failed. The backtest was always no profit.

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  #7 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: Master
Platform: Kinetick Ninja Trader <7>
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ArnieM View Post
I have tried build a working system in ninja script for 1 year (only day trading), but all efforts failed. The backtest was always no profit.



An easy system to trade are in the download section of this site. Downloads - NinjaTrader 6.5 Strategies - Big Mike's Trading Forum

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