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I hope he gets the time to reply and yes, I plan to read those books as well. Its just that right now my financial ability is not enough to run automated accounts and in India it introduces other variables like unstable API and data feeds that I don't want to get into dealing at the moment on my own, my coding knowledge is not enough to cover those areas on my own either.
What I was trying to get at was for system of discretionary trader, lets say I've been trading a strategy successfully, and during backtests its shown to go bad on 10 consecutive times but no more than that, I follow that system to best of my ability and just this one time, suddnly it gives me more than 10 consecutive losses, wouldn't that indicate market changes irrespective of the automated or discretionary trading?
Agreed, in fact I've posted recently something similar in some thread, time frame based charts have very little difference in terms of price action or indicator behaviours, meaning if it works on one TF it should in theory work on other too just as fine with same settings.
However, my concern has been changes in volatility, take for example, I trade mainly options, Nifty ATM index option usually hovers around 100 point premium on Monday, and it will generally move 30-40 points up and down depending on the market movements for the day but sometimes index would move a lot more than average stdv OR there will be heightened IV, and my trade gets stopped out due to premium spikes against me. This is just not issue with me getting stopped out, it is also change in market conditions that may be either for that day only or indicating complete change in market behaviour in upcoming days.
I feel if I want to make money regularly, I need to have some handle on this, to indicate change and ideally have a different strategy to handle them, hence my query to bobwent when he mentioned these things in his post.
//I'm not sure if I'm making any sense here, sounds like rambling of mad man
Same here, happily enjoying bachelorhood. I made an extra $2k trading last week so now I'll reward myself with something cool...maybe a drone I'm thinking! The point is, I get to do whatever I want! Heck yes! There's nobody else to shut down my ideas or purchases.
Trading can be a serious hobby or a hybrid of part hobby/part time/full time income. The only way to get to part time or full time income, is to practice. Or in the case of algos, build the systems and test them till they fail. Your first 1-3 systems will probably fail, right? Just expect it, it's not a big deal. Don't wager huge $$ on the first 2 systems. Enjoy the process. Learn to code. There should be NO pressure to immediately succeed at any of this stuff, period!
At least the Algo has no emotions, that's a huge plus. And maybe have that algo trade only a set window of time. Minimize your exposure in the market. I know I have screwed up many trades simply due to emotions.
If I had to be married and be in this business, I would pick a woman who also is in this realm. A female Quant? From a top university...who maybe has access to some code from work Think about it, opportunity!
Haha, I wish that would come true, its unfortunate that I don't come across any females at all in this field in my know how circle. Its kind of crazy man's pipe dream field atm, there are few guys "acting" as girls to give tips on telegram and other social media though (not taking any names but you can tell when extremely cute profile picture appears with bullshit analysis), that attracts good amount of interest from "wanna be young traders"
...They also use extremely cute girls to be spies! So watch out, haha. Hey I like your Avatar with the dog, it's pretty funny I'd say.
I want to know if OP got permission from his wife to code the dream Algo. I found code on GitHub you can copy paste as a starting point, but needs customizing.
Actually, she still leans toward using strategies, but overseeing them manually. Through all these replies, I am beginning to wonder if she maybe correct. I couldn't relocate the post or author, but someone made a statement along the lines that as difficult as it is to code a strategy, it maybe a better use of my time to spend it developing another trading skill.
I think he may be 60% right. Most of my background has been in discretionary trading. In the time I have been creating strategies I have come up with one trending strategy which seems to backtest well in long or short trending markets. I even have it set up so that it doesn't get killed in trading range markets, although it can't win in those. I have another strategy that makes money using the MES on days like today (10/13/2020) which are mostly sideways markets, but it gets slaughtered in trending markets. I would like to develop it a little more to try and keep it from trading as much as possible in those markets, then focus on developing the knowledge I acquired in reading price action to mostly apply the correct strategy at the correct time. If I can develop those strategies to have some forgiveness in case I am wrong, I think it will make both of us happy.
Let me spin this discussion in a different direction...
How does your learning curve in becoming profitable look if you take a workshop where you do the process of testing in a correct way? Obviously it becomes much steeper, but how long would you guess it would take to become profitable? or how many strategies are necessary?
So in this case you start (with a solid background) from zero but you do the testing in a correct way?
Have been here for 13 years and havent visited Ephesus yet. I have seen other parts which are also very beautiful, like Capadoccia, the east or the west coast. And not to forget Istanbul of course
Think about it, opportunity! 
