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The Italian Job


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The Italian Job

  #661 (permalink)
 
redratsal's Avatar
 redratsal 
Milan (I)
 
Experience: Advanced
Platform: Ninjatrader
Broker: Kinetick
Trading: FDAX,6E,CL,YM,NQ,ES
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Big Mike View Post
@redratsal, how does your trading today compare with what was discussed in this thread?

Mike

Thanks for asking Mike, I have backtested the system to get more consistent data. Been working on reducing risk with several variables (time, volatility, number of contracts vs session, news, risk reward). I have rented a Chicago server which is very consistent in terms of speed and connection. I will discuss more details as soon as I will go live to compare with my backtested results (probably next quarter). The core system is still the same and based on counter trading the vwap 2sd, as all counter trend system win/loss is very high (more than 80%) but I have been working really hard keeping the draw down as low as possible. More coming up soon

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  #662 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
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Swing Trader
 
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redratsal View Post
Thanks for asking Mike, I have backtested the system to get more consistent data. Been working on reducing risk with several variables (time, volatility, number of contracts vs session, news, risk reward). I have rented a Chicago server which is very consistent in terms of speed and connection. I will discuss more details as soon as I will go live to compare with my backtested results (probably next quarter). The core system is still the same and based on counter trading the vwap 2sd, as all counter trend system win/loss is very high (more than 80%) but I have been working really hard keeping the draw down as low as possible. More coming up soon

Very nice, glad to hear it. Keep us posted!



Mike

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  #663 (permalink)
 
redratsal's Avatar
 redratsal 
Milan (I)
 
Experience: Advanced
Platform: Ninjatrader
Broker: Kinetick
Trading: FDAX,6E,CL,YM,NQ,ES
Posts: 1,648 since Oct 2010
Thanks Given: 1,215
Thanks Received: 2,090


After several months of optmization (risk wise) I run a bot version of the Italian Job system via a VPS server in Chicago. Uptodate I am not yet satisfied with the optained results, the system is still showing uge DD's which make vanish all the prior cumulated results. I think there is still room to improve the system but I decided to concentrate on my swing trading with stocks and Etfs. I am also taking a pause from intraday future trading, those instruments have evolved in a way that does not suit anymore my trading style and risk aversity. I will come back to futures, but I have to split my time between business (trading) and my family, as I measure my time in terms of performances and I am focused on capital preservation, I need to concentrate my efforts on instruments that are more risk rewardable.

Al

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  #664 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Swing Trader
 
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Glad to see you still alive and kickin'

Mike

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  #665 (permalink)
 
redratsal's Avatar
 redratsal 
Milan (I)
 
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Big Mike View Post
Glad to see you still alive and kickin'

Mike




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  #666 (permalink)
 bmtrading9 
Atlanta, GA, USA
Market Wizard
 
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Hello,

Appreciate your work and videos any new trades?

futures.io (formerly BMT)rader

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  #667 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,536

@redratsal was thinking of you, just wondering how things are?

Mike

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  #668 (permalink)
 
redratsal's Avatar
 redratsal 
Milan (I)
 
Experience: Advanced
Platform: Ninjatrader
Broker: Kinetick
Trading: FDAX,6E,CL,YM,NQ,ES
Posts: 1,648 since Oct 2010
Thanks Given: 1,215
Thanks Received: 2,090


Big Mike View Post
@redratsal was thinking of you, just wondering how things are?

Mike

Hello Mike,

I am doing fine, thanks for asking. I was also thinking of you Retire overseas on less than $25,000 a year - MarketWatch

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Last Updated on May 9, 2014


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