Taking a Trading System Live - Trading Journals | futures io social day trading
futures io futures trading


Taking a Trading System Live
Updated: Views / Replies:47,619 / 529
Created: by kevinkdog Attachments:189

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 189  
 
Thread Tools Search this Thread
 

Taking a Trading System Live

  #341 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received

Very good webinar, thanks, Kevin and Mike

Trade to live. Not live to trade.
Reply With Quote
The following user says Thank You to xelaar for this post:
 
  #342 (permalink)
Market Wizard
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
 
Posts: 2,388 since Jul 2012
Thanks: 1,139 given, 4,387 received
Forum Reputation: Legendary

Week 16 Update

There was no Week 15 summary, so here is Week 15+16. As you can see, I have had 10 winning days in a row. That feels pretty good!


Summary: First, let's look at the big picture. I like to do this every month or so, because at a glance I can tell if things are going as planned or not. From look at this first chart, a couple of things are clear:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).




1. Over the whole course of the system history (walkforward, incubation, live), the system performance hasn't changed much. I could draw a line from the start of walkforward to the start on incubation, and then another line from the start of incubation until the present time, and the slopes of those two lines would be about the same - with the slope from start of incubation to present being a little flatter. This gives me some reassurance that the system is behaving, subject to point 2 below.

2. It is easy to see that the live trading (blue line) has been lagging long term performance. The performance these past 3 months has been lagging.

3. The system, overall is at a new equity high!


So, after 16 weeks of trading this system live, I am up 18% for real world trading. I am fairly happy with that.


Am I surprised at this result? No, this is still below my expectation, but the system is doing OK.

Am I disappointed in the results so far? No.

Are results in line with expectations? Yes, although still below the average expected line.

Are fills and trades live comparable to Tradestation strategy report? Due to a myriad of reasons, I am +$715 better in the real world than I should be. This is good!

Do I see any reason to stop trading this system? No.

Do I see any reason to change my position sizing plan, i.e. reduce or increase my risk? No, although I am about $50 below the point of adding another contract. See the chart below, from an earlier post. Once I exceed $10,114, I will begin trading 2 contracts.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).




Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
The following 10 users say Thank You to kevinkdog for this post:
 
  #343 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,355 given, 83,237 received


Congrats @kevinkdog, and thanks for the detailed report.

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.

Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
 
  #344 (permalink)
Market Wizard
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
 
Posts: 2,388 since Jul 2012
Thanks: 1,139 given, 4,387 received
Forum Reputation: Legendary

MILESTONE REACHED!

Well, after 16+ weeks of live trading, I finally reached one of the targets I set out at the beginning. Thankfully, it was not the drawdown limit that I hit!

I am at the point where I can start trading 2 contracts, per the plan presented earlier:

https://futures.io/trading-journals/28404-taking-trading-system-live-3.html#post351113


Most of the tracking I am doing will remain the same - based on 1 contract. I will add in an additional tracker or two to show the actual number of contracts traded.

My quit point, as you may recall, is based on single contract drawdown, and that will not change.

If my equity falls below $10,114 on a closed day basis, I will revert back to trading one contract.

It may seem confusing (trade metrics will be single contract, but position sizing will be based on actual equity and therefore actual number of contracts, and quit point and drawdown are based on single contract), but I think my reasons for doing this will be clear as time progresses.


I expect the journey from this point on to get a lot more interesting!

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
The following 7 users say Thank You to kevinkdog for this post:
 
  #345 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Beginner
Platform: IB, ToS
Favorite Futures: CL, ES, Currency
 
Posts: 8 since Jun 2012
Thanks: 5 given, 16 received

Thank you

Kevin,

I just finished spending several hours each day over each of the last three days going over this and your Combine journals, and wanted to send a huge thank you for spending the time sharing and educating all of us with your studies. I want to applaud your steadfastness at applying your methodologies and process. It is quite encouraging to see behind the curtain, and also to know the processes you go through to see a strategy through its conception, birth, infancy, and adolescent period. I am thinking your Karma account will increase in multiples for taking your time to assist others in this lofty endeavor, and I for one appreciate it immensely.

Thank you again,

Scott

Reply With Quote
The following 6 users say Thank You to kayaktri for this post:
 
  #346 (permalink)
Market Wizard
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
 
Posts: 2,388 since Jul 2012
Thanks: 1,139 given, 4,387 received
Forum Reputation: Legendary


kayaktri View Post
Kevin,

I just finished spending several hours each day over each of the last three days going over this and your Combine journals, and wanted to send a huge thank you for spending the time sharing and educating all of us with your studies. I want to applaud your steadfastness at applying your methodologies and process. It is quite encouraging to see behind the curtain, and also to know the processes you go through to see a strategy through its conception, birth, infancy, and adolescent period. I am thinking your Karma account will increase in multiples for taking your time to assist others in this lofty endeavor, and I for one appreciate it immensely.

Thank you again,

Scott

Thanks for the kind words! I appreciate it.

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
The following user says Thank You to kevinkdog for this post:
 
  #347 (permalink)
Market Wizard
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
 
Posts: 2,388 since Jul 2012
Thanks: 1,139 given, 4,387 received
Forum Reputation: Legendary

Does this Just Happen To Me?

OK, here is the story of this strategy...see if it sounds familiar to you:

"Sometimes When You Feel Paranoid, It Is Because They ARE Really Out To Get You!"


1. I started trading this strategy for the TopStepTrader Combine on March 20. My first trade was a loser. My first week was a loser.

2. After I finished the first Combine, the strategy performance was superb.

3. I started a second Combine on June 17th. 3 losers in a row to start!

4. After I finished the second Combine, the next month was very profitable.

5. I started real money trading August 20. The first trade was a loser. I was underwater overall after 7 of the first 10 days.

6. I started trading 2 contracts on Dec. 10 (today). The last 11 days were all winners, but of course the first trade with 2 contracts was a loser.


So every single "starting" event with this strategy has been bad. Is this just bad luck, or something more????

Think about my situation next time you feel like the market is out to get you...

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
The following user says Thank You to kevinkdog for this post:
 
  #348 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,355 given, 83,237 received


kevinkdog View Post
OK, here is the story of this strategy...see if it sounds familiar to you:

"Sometimes When You Feel Paranoid, It Is Because They ARE Really Out To Get You!"

All the more reason to have solid data you can rely on to help you have the confidence necessary to trade a system.

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.

Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
 
  #349 (permalink)
Market Wizard
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
 
Posts: 2,388 since Jul 2012
Thanks: 1,139 given, 4,387 received
Forum Reputation: Legendary

So, by my count I have had 4 "rough" starts:

1. Losing day to start Combine #1
2. Losing day to Start Combine #2
3. Losing day to Start Real Money Trading
4. Losing day to Start Real Money Trading, 2 contracts



Based on my strategies (62.8% winning days). the chances of these 4 days all being negative are about 98% against. That is what I call bad luck!


By the way, with today's loss I am back down to trading 1 contract. The fun did not last long!!!!

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
The following user says Thank You to kevinkdog for this post:
 
  #350 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,355 given, 83,237 received



kevinkdog View Post
So, by my count I have had 4 "rough" starts:

1. Losing day to start Combine #1
2. Losing day to Start Combine #2
3. Losing day to Start Real Money Trading
4. Losing day to Start Real Money Trading, 2 contracts

LOL now here is a challenge for you -- name four positive things your strategy has accomplished and ask yourself if those things are more or less important than the four negative "luck of the draw" things you've listed above.

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.

Reply With Quote
The following user says Thank You to Big Mike for this post:

Reply



futures io > > > Taking a Trading System Live

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Comparing accuracy of sim trading on different platforms vs live trading Titian Traders Hideout 4 February 11th, 2017 02:50 PM
Taking the leap towards self-employment (Trading CL) Indians00c Elite Trading Journals 462 February 6th, 2015 11:08 AM
Questions concerning risk taking and speculative trading for a Bsc dissertation Shichao Psychology and Money Management 24 March 14th, 2012 07:33 PM
Webinar Trading Video: Live Trading and Technical Analysis of EuroStoxx 50 max-td Trading Reviews and Vendors 1 March 13th, 2010 07:35 AM


All times are GMT -4. The time now is 03:48 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
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.
no new posts
Page generated 2017-12-17 in 0.16 seconds with 20 queries on phoenix via your IP 107.20.115.174