NexusFi: Find Your Edge


Home Menu

 





Who thinks this is a good strategy?


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one Big Mike with 7 posts (1 thanks)
    2. looks_two sam028 with 3 posts (0 thanks)
    3. looks_3 Jugador with 3 posts (1 thanks)
    4. looks_4 sefstrat with 3 posts (0 thanks)
    1. trending_up 14,756 views
    2. thumb_up 6 thanks given
    3. group 11 followers
    1. forum 25 posts
    2. attach_file 15 attachments




 
Search this Thread

Who thinks this is a good strategy?

  #11 (permalink)
 
sam028's Avatar
 sam028 
Site Moderator
 
Posts: 3,765 since Jun 2009
Thanks Given: 3,825
Thanks Received: 4,629


sefstrat View Post
Wow, that Ensign guy is either completely naive or really malicious.

Usually when people discuss pyramiding with respect to MM they refer to profit pyramiding (also known as anti-martingale) where you are more risky with your profits, adding to your winning positions or increasing position size after a winning trade. This can be very powerful if you design your strategy around it.

What this bozo is recommending is loss pyramiding or martingale strategy where you increase position size after every losing trade, this is a very well documented way to blow up your account (unless you have infinite money, in that case it is the perfect strategy).

The guy is malicious, for sure, the Martingale exists since the 18th century, and everybody gambler/game player know that this is not working in real life.
It's one of the fastest way to blow an account.

Follow me on Twitter Reply With Quote

Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
Trade idea based off three indicators.
Traders Hideout
Cheap historycal L1 data for stocks
Stocks and ETFs
REcommedations for programming help
Sierra Chart
Better Renko Gaps
The Elite Circle
 
  #12 (permalink)
Jugador
USA
 
Posts: 162 since Jul 2009
Thanks Given: 67
Thanks Received: 51


sefstrat View Post
It is the perfect strategy).

I agree 100%!...

Reply With Quote
  #13 (permalink)
 
caprica's Avatar
 caprica 
USA
 
Experience: Master
Platform: NinjaTrader
Posts: 155 since Jul 2009
Thanks Given: 45
Thanks Received: 114


if it seems too good to be true.... it probably is.... automation is to do things to compelx to do manually. i think automation for simple things like moving averages and etc will never work.

"Let us be thankful for the fools. But for them the rest of us could not succeed." - Mark Twain

Reply With Quote
  #14 (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: 50,467 since Jun 2009
Thanks Given: 33,243
Thanks Received: 101,667

How about this one?

- 90 days of tick-level data
- uses tick (not minute) data for chart type
- all entries are market orders
- 1700 trades
- 40k over 90 days with 1 contract

As a side note, there are no traditional indicators in this strategy. No moving averages, no cci, no rsi, nothing like that at all.

See attachments.

Mike



Join the free Markets Chat beta: one platform, all the trade rooms!

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Attached Thumbnails
Click image for larger version

Name:	2009-10-04_1513.png
Views:	251
Size:	62.1 KB
ID:	3100   Click image for larger version

Name:	2009-10-04_1513_001.png
Views:	244
Size:	108.3 KB
ID:	3101   Click image for larger version

Name:	2009-10-04_1513_002.png
Views:	232
Size:	82.9 KB
ID:	3102   Click image for larger version

Name:	2009-10-04_1514.png
Views:	238
Size:	67.7 KB
ID:	3103   Click image for larger version

Name:	2009-10-04_1516.png
Views:	250
Size:	68.4 KB
ID:	3104  
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #15 (permalink)
 
sam028's Avatar
 sam028 
Site Moderator
 
Posts: 3,765 since Jun 2009
Thanks Given: 3,825
Thanks Received: 4,629


Big Mike View Post
How about this one?

- 90 days of tick-level data
- uses tick (not minute) data for chart type
- all entries are market orders
- 1700 trades
- 40k over 90 days with 1 contract

As a side note, there are no traditional indicators in this strategy. No moving averages, no cci, no rsi, nothing like that at all.

See attachments.

Mike


This one looks very, very, very good.
Only 3 months, but 1700 trades, so this is fine.
Good Sharpe ratio, similar results for Long and Short trades, no 99.9% of winning trades , etc, all results looks good and consistent.
The only small point, is the 8 consecutive losers in a row. If these 8 happens during your first day with this strat, hmm...

Follow me on Twitter Reply With Quote
  #16 (permalink)
 
Gary's Avatar
 Gary 
Near Dallas, Texas, US
 
Experience: Advanced
Platform: NinjaTrader
Broker: ZenFire
Trading: CL
Posts: 1,072 since Jun 2009
Thanks Given: 503
Thanks Received: 2,239


sam028 View Post
The only small point, is the 8 consecutive losers in a row. If these 8 happens during your first day with this strat, hmm...

I said the same thing to him, but odds of this are pretty slim. Let's see how it does on SIM during live this week. I am anxious. Looks good.

And...

Gary

Visit my NexusFi Trade Journal Reply With Quote
  #17 (permalink)
 
sefstrat's Avatar
 sefstrat 
Austin, TX
 
Experience: Advanced
Platform: NT/Matlab
Broker: Interactive Brokers
Trading: FX majors
Posts: 285 since Jun 2009
Thanks Given: 20
Thanks Received: 768

That one does look promising.. the only worrisome signs are the occasional loser streaks that show up in the equity curve and the MAE/Efficiency could be improved upon.

Overall looks pretty solid though. If its not a ninja backtesting bug I'd say that one will definitely be profitable even if perhaps not as profitable as the backtest says it might be.

Reply With Quote
  #18 (permalink)
 
Peter's Avatar
 Peter 
Brisbane; Australia
 
Experience: Intermediate
Platform: NT
Broker: IB/TDA needing new broker
Trading: Futures, Forex, Stocks
Posts: 97 since Jun 2009
Thanks Given: 91
Thanks Received: 118

The last one looks very promising, but I would be concerned about the exit efficiency graph.

I have never seen one like this. Lot of data points, but no points between 80 and 100 %. I would want to be sure there is no hidden NT/code issue.

Reply With Quote
  #19 (permalink)
Jugador
USA
 
Posts: 162 since Jul 2009
Thanks Given: 67
Thanks Received: 51


Big Mike View Post
How about this one?



Mike

May I interest you in a boat, sir?


Reply With Quote
Thanked by:
  #20 (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: 50,467 since Jun 2009
Thanks Given: 33,243
Thanks Received: 101,667



Peter View Post
The last one looks very promising, but I would be concerned about the exit efficiency graph.

I have never seen one like this. Lot of data points, but no points between 80 and 100 %. I would want to be sure there is no hidden NT/code issue.

Yes me too, but I know that it is not an NT issue. It is happening because of the exit strategy code in the strategy. There are a few different kinds of exit strategy, all based on candle stick OHLC patterns.

I will be running it on sim this week. I've already conducted several market replay tests with excellent results.

Mike



Join the free Markets Chat beta: one platform, all the trade rooms!

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote




Last Updated on November 9, 2009


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts