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Do consistent systems exist?
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Do consistent systems exist?

  #21 (permalink)
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Big Mike View Post
Manually just a few. Algos several dozen.

Just curious, which broker do you algo trade your stocks through? I only have an equities account with thinkorswim but I can't automate through them so I'm thinking of moving to a more Ninjatrader-friendly equities broker.

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  #22 (permalink)
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shodson View Post
Just curious, which broker do you algo trade your stocks through? I only have an equities account with thinkorswim but I can't automate through them so I'm thinking of moving to a more Ninjatrader-friendly equities broker.

IB mostly.

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  #23 (permalink)
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There are many other factors which I find it hard or impossible to quantify; put it into a number - for example, how well do or can you execute your trades according your system in actual market conditions.

And this can affect the overall consistency of a system. The only practical thing, I know is don't trade a system which have to take big losses in order to gain high win rate with small profits.



megaman123 View Post
I have currently three (low correlated?) swing trading systems that are all three consistent.

Their win rate per year is 15%, 20% and 50%. The last one I only have forward traded for one year.


How did you manage to get systems which are consistently wrong 80-85% of the time? Its quite a feat, ever thought of taking the opposite trade?

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  #24 (permalink)
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jonc View Post
How did you manage to get systems which are consistently wrong 80-85% of the time?

I believe he was talking about return on capital, not win/loss percentage.

Mike

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  #25 (permalink)
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I am currently having this on going discussion with a number of my trading friends. I think the key is to find something that you believe in and is working for you. Whatever that is and stick to it. Get to know it inside and out and trade it by YOUR trading rules. Systems work till they don" that is it. Everyday is a different day and every trade is a different trade. So you need to believe in what you see on the chart, the patterns, the fib lines the moving averages, the studies you use, the whatever you use. Whether you are a long term, swing or scalper trader. Each is different and requires different rules and criteria but in the end you need to believe in whatever you are using, you need to have rules and follow them and you need to have discipline O yea one more thing you need to have your brain turned on. If this was easy every one would be doing it and everyone would be making millions. What is successful to me may and probably will not work for you. We each see it differently that is why for every buyer there is a seller and vice versa who must be seeing it the opposite why that I or you do. The key is to protect and limit the risk by cutting your losers short and letting your runners run. That is how I think about it and when I do what I say I have good trades and when I do not I have losers and so I work everyday on consistency, discipline and the psychology or mental part of my trading. I try to trade well and if I do that I am happy and my consistency gets better using the same similar things I have been using for awhile now. I have been trading for 4 years this month and 2 years live and I have had my ups and down but more ups then downs in the last year. I have learned a lot from this site and the numerous journal writers that write on futures.io (formerly BMT). The ones that use a KISS system seem to do the best and who stay with what they are using seem to do the best. I have looked at hundreds of studies and I can tell you and I know Big Mike can tell you there is no holy grail, no perfect study, no perfect anything. You just have to keep working at it and as I started this you need to keep working with something you find you are comfortable with. Good Luck to all the great traders on this site. Thanks Mike for all you do.

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