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Auto trading is only thing that conquered my darkside
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Created: by liquidcci Attachments:18

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Auto trading is only thing that conquered my darkside

  #351 (permalink)
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Xeno View Post

In my backtesting career, I have had about four occassions where a very good equity curve and stats jumped out at me early in the testing process. On 100% of those occassions there was an error in the strategy or backtesting process. By the fourth time it happened, there was no excitement. I knew immediately what the likely explanation was. I'm afraid that's the sort of sceptical mindset you have to have.

And by concidence, my latest scalping strategy just generated a perfect example, which I've attached. It's not a bad one, since there are few real red flags on it - only how succesful it is, and the large inbalance between short/long.

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Auto trading is only thing that conquered my darkside-ninjatrader-performance-report.jpg  
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  #352 (permalink)
Trading Apprentice
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Rofl yes 300k short and far less long. Just out of interest what was the input time series? If a rabid bear market then it explains the results. However I'd test it on bull market and paper trade to confirm!

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  #353 (permalink)
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Range bars 5. It was a runaway strategy that kept opening positions in a way that wouldn't work live. As for bull and bear - it was all one day.

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  #354 (permalink)
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A lot of specific information on how Peter Campbell's M3 fund auto trading systems work, how he designs them, ideas behind them etc.

Peter will be here on Thursday @ 4:30PM for a webinar:

https://futures.io/elite-automated-trading/13631-webinar-m3-analytics-hedge-fund-systems-trading.html

Mike

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  #355 (permalink)
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I ran a similar auto strategy from the looks of it. Seems like he is using martingale or averaging in or whatever you want to call it. My system worked very well as well, but I didn't like 20% drawdowns as I was just trading too much of my account. If you trade 10% of your account like he talks about, then no reason you can't pull down 2%3% easy a month which most people would kill for if you are managing a large amount.

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  #356 (permalink)
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bluemele View Post
I ran a similar auto strategy from the looks of it. Seems like he is using martingale or averaging in or whatever you want to call it. My system worked very well as well, but I didn't like 20% drawdowns as I was just trading too much of my account. If you trade 10% of your account like he talks about, then no reason you can't pull down 2%3% easy a month which most people would kill for if you are managing a large amount.

Would you mind re-posting that in the Webinar thread? I have more to say, but want to keep it in that thread and not this one - since this one is supposed to be about psychology and not methodology.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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  #357 (permalink)
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liquidcci View Post
I tried just about every mind trick I could to get my trading right. But found I was fatally flawed. Trading seemed to bring out my worst characteristics. I would read my trading plan and my rules out loud every day before market opened. I would type up contracts with myself that I had to sign but none of it worked.

One time I did over 100 emini trades in a day 1 contract at a time only ending when I blew up my account. I was not scalping but just out of control. I was in a cold sweat and I could not stop pushing that entry button. The trading ladder jumping up and down could just not be resisted. Like a carnival game that could not be won I went until all my money was gone. I ended that day in a fetal position in the corner with my thumb in my mouth. It was bad. Trading reduced me to a slot machine gambler with no discipline.

But then I decided to build my signals into an auto trade strategy. It was the best time and money I ever spent. It 100% solved my discipline issues. I have not entered a rogue trade outside of my plan for 2 years and am profitable. This may not work for everyone but was only way I could overcome the darkness that lurks in every trader.

Hey liquidcci,

I realize this was your first post in this thread, sorry. I just happened to have this pop up when I searched for how to define specifc times of day in NT.

When I started trading I had $1,000.00 a day commissions some times. I have blown up accounts. I have made rules and broken them. I found your post very humble and real. Trading showed me my worst qualities, over and over and over, and I'm sure it does that to a lot of us. I wrote several dozen systems that I tried live, but as strong as my temptation to break my own rules was, my inability to walk away and let the computer decide was far stronger. Maybe I have control issues, or fear, or some other defect. So, if I would not listen to myself, and would not trust a robot, it seemed like I should stop trading.

But, I could not end the obsession. I came into trading having made a lot of money for the majority of my life, but then lost a tremendous amount. I saw trading as something to toy with, but fairly quickly it presented itself as a way to get back where I had been for so long. Not that any of us will ever harness anything near this, but the potential is there to double your money, daily. The key drug in trading is "potential". And as habit forming as any other.

I decided to change myself, and still am on that path. I started eating better, re-joined the gym, and sim traded non-stop. Played with colors, indicators, backgrounds, screen layout, markets, read every book I could find on trading and set my charts up to that new recommended method, then scrapped it and started over...Same obsesion, re-directed. Sim, sim, sim, sim. Traded $2,500.00 sim accounts, beside $10,000,000.00 sim acounts, and reset them often. Named them sometimes even. Had names for my stop and profit configurations, and for my setups. Over, and over and over. Until I was numb to it. I really did not care which way a trade went. What did it matter? It was simulated. And, I had already proven I could make or loose riduculous amounts in my fictitious world. And finally, I was calm.

The "drug" is always there, and once an addict we are possibly always suspect. But, ______oholics can recover. Trading takes a lot of work, and as was so pure in your opening line, the overwhelming majority of it has nothing to do with the markets. Thanks for your post.

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  #358 (permalink)
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GaryD View Post
Hey liquidcci,

I realize this was your first post in this thread, sorry. I just happened to have this pop up when I searched for how to define specifc times of day in NT.

When I started trading I had $1,000.00 a day commissions some times. I have blown up accounts. I have made rules and broken them. I found your post very humble and real. Trading showed me my worst qualities, over and over and over, and I'm sure it does that to a lot of us. I wrote several dozen systems that I tried live, but as strong as my temptation to break my own rules was, my inability to walk away and let the computer decide was far stronger. Maybe I have control issues, or fear, or some other defect. So, if I would not listen to myself, and would not trust a robot, it seemed like I should stop trading.

But, I could not end the obsession. I came into trading having made a lot of money for the majority of my life, but then lost a tremendous amount. I saw trading as something to toy with, but fairly quickly it presented itself as a way to get back where I had been for so long. Not that any of us will ever harness anything near this, but the potential is there to double your money, daily. The key drug in trading is "potential". And as habit forming as any other.

I decided to change myself, and still am on that path. I started eating better, re-joined the gym, and sim traded non-stop. Played with colors, indicators, backgrounds, screen layout, markets, read every book I could find on trading and set my charts up to that new recommended method, then scrapped it and started over...Same obsesion, re-directed. Sim, sim, sim, sim. Traded $2,500.00 sim accounts, beside $10,000,000.00 sim acounts, and reset them often. Named them sometimes even. Had names for my stop and profit configurations, and for my setups. Over, and over and over. Until I was numb to it. I really did not care which way a trade went. What did it matter? It was simulated. And, I had already proven I could make or loose riduculous amounts in my fictitious world. And finally, I was calm.

The "drug" is always there, and once an addict we are possibly always suspect. But, ______oholics can recover. Trading takes a lot of work, and as was so pure in your opening line, the overwhelming majority of it has nothing to do with the markets. Thanks for your post.

You said it so well. There is a very dark addictive side to trading. It can be beat but is a hard road because it involves going against our own nature. Thanks for your comments.

"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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  #359 (permalink)
Market Wizard
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rtrade View Post
Hmm, I if I understand the video, the girl is on RM99 and liquidCCI's side and the boy is on DT's side.
But I'm not sure, you guys can decide.

[yt]http://www.youtube.com/watch?v=_futures.io (formerly BMT)6BfxR7w[/yt]

I don't have anything of value to contribute to this thread - it's pretty clear where everybody's at.


But I absolutely had to repost the correct link to the video of the 2 sides bickering (which had BMT in the URL and was hence caught in the global search and replace), which is hilarious.

http://www.youtube.com/watch?v=_BMT6BfxR7w

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