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Auto trading is only thing that conquered my darkside
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Auto trading is only thing that conquered my darkside

  #231 (permalink)
Trading for Fun
Philadelphia
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: Nq
 
Posts: 114 since Jun 2011
Thanks: 33 given, 25 received

Lornz your statistics are straight ballin'. Is that an automated system? How much did you start with and what instrument do you trade?

However, Sorry your not a master until you break 1m in chartgame.com. ;p

But, damn. You hit nail on the head. Nice work.

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  #232 (permalink)
Elite Member
Austin, TX
 
Futures Experience: Master
Platform: ninjatrader, r-trader
Favorite Futures: CL, NG, TF, NQ, YM, GC, ES
 
liquidcci's Avatar
 
Posts: 862 since Jun 2011
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monpere View Post
Do you guys trade your systems unattended? If so, how do you handle unforseen errors? My strategy enters orders by calling an ATM. I had a strange occurrence once trading the CL, where my entry order got filled, but CL did one of its wild spontaneous moves, and by the time by associated stop from the ATM got sent to the broker the market had moved enough that my stop order fell on the wrong side of the market, so my broker rejected the order, and since the target order was an OCO with the stop, it got canceled. The end result is I ended up with a trade in the market with no stop and no target. I was at the machine when it happened so I killed the trade manually, but if I was not there it could have been bad. How do you guys handle that?


I will leave unattended but make sure I l always have quick access. I have it setup to email me and text me when a trade is entered or exited. I keep a laptop with me so I can access my server anywhere, anytime. I have a 3g/4g data connection so as long as I am in a city I can even access my server in the car if need be. Whenever I get email I am in a trade I access my server and keep an eye on things. I guess you could say I leave it semi unattended.

I believe I know what you are describing. In NT the scenario you describe happens above when market has moved on the other side of your stop when order is placed. When this happens it will enter trade and then shutdown strategy leaving an orphan order because as you said stop got canceled and target is OCO. Way to overcome that is to make sure "cancel entry orders when strategy is disable" under options---strategies tab then ninjascript tab make sure that box is checked. What this will do is when that trade triggers and it puts order in will kill the strategy and the entry order before order ever hits the market. So you will be flat. Way to test if that is working is in sim put your stop one tick off your entry and run it until it happens. You know your settings are correct if your strategy gets killed but no entry was made. I think there may also be a setting somewhere in NT although I can't seem to find it right now where you tell it to disable a strategy on an error. You essentially want it to disable and cancel your entry orders.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
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  #233 (permalink)
Trading Apprentice
Dallas, TX
 
Futures Experience: Beginner
Platform: Ninja
Favorite Futures: Gold
 
Posts: 13 since Apr 2011
Thanks: 0 given, 3 received


I trade mostly automated, but my results are not amazing. They are just decent lol. But as long as I am making more money than if I were working at a 9-5 job I am happy. The only bad thing is when there is data issues or something like that. So automated for me doesn't mean I can leave the system during the day.

For me automated is nice, but I know a few others who hate it.

cool site by the way with that forward testing I couldn't get anywhere near 100% gains though haha

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  #234 (permalink)
Trading for Fun
Philadelphia
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: Nq
 
Posts: 114 since Jun 2011
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chippy View Post
I trade mostly automated, but my results are not amazing. They are just decent lol. But as long as I am making more money than if I were working at a 9-5 job I am happy. The only bad thing is when there is data issues or something like that. So automated for me doesn't mean I can leave the system during the day.

For me automated is nice, but I know a few others who hate it.

cool site by the way with that forward testing I couldn't get anywhere near 100% gains though haha

I appreciate your honesty and testimony.

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  #235 (permalink)
Elite Member
Barcelona, Spain
 
Futures Experience: Intermediate
Platform: NinjaTrader 7
Broker/Data: Interactive Brokers/Kinetick
Favorite Futures: US stocks, EUR/USD
 
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Posts: 119 since Sep 2010
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Lornz View Post
How about doing both?

Can I change my trading experience to "Master" now?

P.S. I will now be offering mentorships... Please change my status to "vendor", Big Mike!

Are these NT statistics real-time or backtest? If backtest, do you use at least 1 tick slippage on it? Thanks

P.S. I did 4m in chartgame but I can't access to that "game" because I did it in another PC/place.

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  #236 (permalink)
Elite Member
Green Bay WI
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: AMP/CQG
Favorite Futures: 6E
 
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Posts: 321 since Apr 2010
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monpere View Post
Do you guys trade your systems unattended? How do you guys handle that?

This is a great question. Can more autotraders weigh in please? And would you say that if you monitor, you would always let the autotrader enter the position, because it qualified it, but you might be more apt to manage it while in the trade, and take it off early if not performing well? Or is that in the strategy too? thanks

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  #237 (permalink)
Trading for Fun
Philadelphia
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: Nq
 
Posts: 114 since Jun 2011
Thanks: 33 given, 25 received


BCNTrader View Post
Are these NT statistics real-time or backtest? If backtest, do you use at least 1 tick slippage on it? Thanks

P.S. I did 4m in chartgame but I can't access to that "game" because I did it in another PC/place.

Nice, I mean usually if you can get to 1 million you can go to one trillion. It's just 1 million proves that you have more continuity to your methods than lets say 20k.

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  #238 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
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rpm123 View Post
This is a great question. Can more autotraders weigh in please? And would you say that if you monitor, you would always let the autotrader enter the position, because it qualified it, but you might be more apt to manage it while in the trade, and take it off early if not performing well? Or is that in the strategy too? thanks

I think if you sit and watch the autotrader, you run the danger to want to interfere in the automated trades. All the psychological issues you would face as a discretionary trader would be in effect again. I am semi automated, meaning that my trades are identified by the system, but I enter them manually, but everything else is automated. I have to enter manually because I have not been able to get my code to identify my entries with 100% accuracy, so I have to be there to filter out the bonehead signals. I think if you don't run the autotrader unattended, your presence should only be used to take care of unforseen errors or events, that you did not program for.

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  #239 (permalink)
Elite Member
UK
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: Mirus/Zen
Favorite Futures: Futures - bonds, currencies, index
 
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rpm123 View Post
This is a great question. Can more autotraders weigh in please? And would you say that if you monitor, you would always let the autotrader enter the position, because it qualified it, but you might be more apt to manage it while in the trade, and take it off early if not performing well? Or is that in the strategy too? thanks

That is always in the strategy too. If you manually intervene, then your automated backtesting is worthless for telling you what might happen in real life.

The only time to manually intervene is if you spot your strategy doing something it wasn't supposed to do, or failing to handle a situation you hadn't programmed it for. After that it needs to be stopped and tweaked/fixed.

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  #240 (permalink)
Elite Member
Austin, TX
 
Futures Experience: Master
Platform: ninjatrader, r-trader
Favorite Futures: CL, NG, TF, NQ, YM, GC, ES
 
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Posts: 862 since Jun 2011
Thanks: 609 given, 1,051 received



rpm123 View Post
This is a great question. Can more autotraders weigh in please? And would you say that if you monitor, you would always let the autotrader enter the position, because it qualified it, but you might be more apt to manage it while in the trade, and take it off early if not performing well? Or is that in the strategy too? thanks

rpm123 I won't manage while in a trade but will keep an eye on it in case there was some type of technical problem with computers. Problem is if you pull it off early and are trading probabilities that will change your probabilities and the thought of this keeps me honest. Even if my intervention lead to a better outcome it would invalidate my stats if did to often which means I would be trading blind. I have also found having the computer manage gives me enough of a layer in between me and the trade to not be tempted to bother it even if I am watching it. I have to monitor it at some level in case the computer goes haywire although I would like not to monitor at all.

Good question

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
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