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If you could automate your current methodology, would you?


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If you could automate your current methodology, would you?

  #11 (permalink)
Legendary Market Chamois
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Blash's Avatar
 
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If you could automate your current methodology, would you?

Yes.



I am doing it currently. Once I started down this road, I saw things VERY differently than I used to. In a scary sort of way. But I ran with it.



On the discretionary side I understand vol pro and order flow/order book, levels and ranges....yada yada yada. I have a tendency to over complicate.



I have always been one to play around with "stuff", settings, usually until I break something. Like when I tried to set the chart background color in NT7 to some percentage opacity (can't remember) and Boy O Boy NT7 did not like that. This was in about 2014-15. Wife is 100% exact opposite, but this, I think, works for me (I think...lol).



So, my point is that.... my system is simple but not simpler and uses super boring indicators but I would say takes advantage of right now and predicts nothing. Main indicator are the bars themselves and other indicators are all jacked up. And it takes stop outs that's for sure...and that is just fine.



Ron

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The steed of this Valley is pain; and if there be no pain this journey will never end.
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Last edited by Blash; January 3rd, 2019 at 09:44 AM.
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  #12 (permalink)
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Will automated if could.

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  #13 (permalink)
Market Wizard
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Blash View Post
I have always been one to play around with "stuff"
Wife is 100% exact opposite, but this, I think, works for me (I think...lol).
Ron

Tell us more about "Playing around with stuff" and your Wife.
(with pictures of course)

LOL

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  #14 (permalink)
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If there is a next life...

If there is a next life...
I would not hesitate to automate it!

As for this lifetime and have been retired for over 20 years... I don't even know where/how to begin...what I have learned is already obsoleted.
Even though I already have my own methodology working currently... I'll postpone automation to my "future-self iTS2" to accomplish it.

iTS


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  #15 (permalink)
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Of course, I do it currently. I'm unable to trade without my machines. If you are interested, I post two systems in the Elite Journal.

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  #16 (permalink)
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Where is the
  • Already Have
option?

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  #17 (permalink)
Berlin
 
 
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I have done it. Took some time till everything worked fine, but at the end it was my best decision. I can spend my time with developing new projects/strategy.
But it was very complex, the Code has about 30.000 lines of Code. It calculates every incoming contract and make decisions based on orderflow.

But the best is to make money 24 Hours a day.


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  #18 (permalink)
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Of course I would automate it. Who wouldn't? This is why 'Yes' have far and away the most votes.
However, it is not possible and also be profitable.

I've built hundreds of autotraders for myself and others, and none have been profitable long term.
A few have made lots of money for a few months, then gave it all back in a few more months.
Most were not even close to profitable for even one month across many months.

IMO, there is no such thing as a consistently profitable autotrader, unless you are a co-located quant with the backing of millions of $. It is just too complex for the retail trader to automate the discretionary ability of the human brain/eye.

I notice that the vote counts for 'No' and 'It's not possible' are much lower than 'Yes'. These are the realists.

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  #19 (permalink)
Ocala, Florida
 
 
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Not possible?

How about a fully automated strategy that trades spot forex like this:

Scan all pairs on the monthly chart and enter only when the monthly fractal paints first and the weekly fractal paints in the same direction with a stop loss that is slightly wider. Would that not work in the longrun?

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  #20 (permalink)
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tomgilb View Post
Of course I would automate it. Who wouldn't? This is why 'Yes' have far and away the most votes.
However, it is not possible and also be profitable.

I've built hundreds of autotraders for myself and others, and none have been profitable long term.
A few have made lots of money for a few months, then gave it all back in a few more months.
Most were not even close to profitable for even one month across many months.

IMO, there is no such thing as a consistently profitable autotrader, unless you are a co-located quant with the backing of millions of $. It is just too complex for the retail trader to automate the discretionary ability of the human brain/eye.

I notice that the vote counts for 'No' and 'It's not possible' are much lower than 'Yes'. These are the realists.

You need to remember it's a zero sum game. For you to make somebody else has to lose. It's hard but it can be done.

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