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Taking a Trading System Live


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Updated January 6th 2016 by tturner86
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Taking a Trading System Live

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  #421 (permalink)
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Manta, Ecuador
 
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What was the average daily range during your incubation period, compared to the live cash period so far?

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  #422 (permalink)
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kevinkdog View Post
2 Trading Strategies in NGEC:

Strategy #1 - Trades Overnight session, has high winning percentage, lots of little wins and an occasional big loser
Strategy #2 - Trades Day session, lower win percentage, primary profit generator

All strategies are out by 3 PM ET each trading day. Both strategies are independent, and I'll only be in one at any given time.

Has one strategy outperformed the other?

When you talk you are only repeating what you already know. When you listen you might learn something new
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  #423 (permalink)
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Big Mike View Post
What was the average daily range during your incubation period, compared to the live cash period so far?

Mike


I just looked at the day session, since it seems to be trading a lot less than usual. Daily range has gone down a lot...


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  #424 (permalink)
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deaddog View Post
Has one strategy outperformed the other?

Both currently in drawdown. Day chart is first, followed by night... Day has been in drawdown since 1/9/2014, and Night since 9/16/2013. Historically Day is the much more profitable system






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  #425 (permalink)
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kevinkdog View Post
Both currently in drawdown. Day chart is first, followed by night... Day has been in drawdown since 1/9/2014, and Night since 9/16/2013. Historically Day is the much more profitable system





Attachment 140533

Is the night system the one taking the large losses as forecast?

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  #426 (permalink)
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deaddog View Post
Is the night system the one taking the large losses as forecast?

Yes. Right now, after the last planned re-optimization, the max loss for the overnight system was changed to $325.

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  #427 (permalink)
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kevinkdog View Post
As far as my system goes, before I started I had established my "quitting" criteria in advance. Why? Because I found that I make bad decisions in the heat of the moment. Most people do. I turn things off based on emotional responses. That is not good for me.

(...)

He'd probably look at my performance, and say that the system is just not acting well. My guess is that because the volatility has gone down, there are less trading opportunities, and the ones that do appear are of possibly lower quality. One indication of this is that I have not had a "big winner" since going live. If you look at statistics (buried somewhere in this thread), you'll see I should have had at least one big winner by now.

(...)

But, I have a plan, and so I must stick to it.

I'm a little late in replying, but still thanks for your comments Kevin.

Based on your comments above (and this thread in general), how did you develop confidence and stress resistance when it comes to trading in general and trading specific strategies? Or is this something that you just have?

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  #428 (permalink)
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Jura View Post
I'm a little late in replying, but still thanks for your comments Kevin.

Based on your comments above (and this thread in general), how did you develop confidence and stress resistance when it comes to trading in general and trading specific strategies? Or is this something that you just have?

It took a long while to develop confidence. I was able to get it from developing strategies (the wrong way), seeing them fail, and then slowly learning the right way to develop (which I do now).

The breakthrough for me was creating systems that actually made money, which gave me confidence I could develop good strategies, which lead to new strategies, most of which made money, etc. It then becomes a self reinforcing process.

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@kevinkdog, how are things wrapping up for March?

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Big Mike View Post
@kevinkdog, how are things wrapping up for March?

Mike

Update in next few days. Just got back from the Happiest Place on Earth (DisneyWorld)....

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