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Taking a Trading System Live
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Taking a Trading System Live

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

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

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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?

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
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  #423 (permalink)
Market Wizard
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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



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Attachment 140533

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

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
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  #426 (permalink)
Market Wizard
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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)
Market Wizard
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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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  #429 (permalink)
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@kevinkdog, how are things wrapping up for March?

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:
 
  #430 (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



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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