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Inside Fibbee's Incubator (Bloodhound Journal)


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Inside Fibbee's Incubator (Bloodhound Journal)

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  #11 (permalink)
Boston, MA. United States
 
Experience: Intermediate
Platform: Ninja
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Posts: 145 since Sep 2011
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Mantrs View Post
"I want to be a BloodHound!" @SharkIndicators

You need to put this on the FIO journal challenge thread with a link to your bloodhound journal.


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  #12 (permalink)
Boston, MA. United States
 
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I had some connection issues, dropped out for 1 minute 11 seconds friday morning.

I have since reported this to the AMA ninjatrader thread to see if there is ANYTHING you can do to prevent this other than keep your systems running and hope for the best.

That can be found here :

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  #13 (permalink)
Boston, MA. United States
 
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END OF WEEK 2 (For this journal)

+5400 a lot of t2 and t3 long swings came off this week as the market moved higher. As expected GG short took some losses as the market moved into new highs. I am very eager to see a top form here I am eager to see SAVIO and PHILOMENA work on a multi-day leg lower.

I had connection issues Friday morning but overall a "normal" week. I have been incubating some of these systems for just about as long as I need to work out the kinks and watch them in forward time before I throw real money into them so I will be taking some of these off and throwing them into my larger active portfolio.

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  #14 (permalink)
Toronto + Canada
 
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Awesome video, Fibbee.

Can you also discuss some stats of your systems (max drawdowns, profit factors, etc)

Thanks.


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  #15 (permalink)
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Fibbee View Post
END OF WEEK 2 (For this journal)

+5400 a lot of t2 and t3 long swings came off this week as the market moved higher. As expected GG short took some losses as the market moved into new highs. I am very eager to see a top form here I am eager to see SAVIO and PHILOMENA work on a multi-day leg lower.

I had connection issues Friday morning but overall a "normal" week. I have been incubating some of these systems for just about as long as I need to work out the kinks and watch them in forward time before I throw real money into them so I will be taking some of these off and throwing them into my larger active portfolio.

I like your Multi-Strategy strategy. If I ever went algorithmic again, which I won't simply because it's not me, I'd do the same as you.

Have as many profitable strategies that stood on thier own all running simultaneously.

That way the equity curve should have a nice slow upward curve to it. Nothing exciting but no scary drops either as you'd have SUPER UNCORRELATED markets all doing their own thing.

Sounds simple but its very very hard! I couldn't do it thats for sure!

Also... you need to be quite capitalized to do this correctly. Which is hard for most beginners.

Nice job so far and thank you!

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  #16 (permalink)
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Sandpaddict View Post
I like your Multi-Strategy strategy. If I ever went algorithmic again, which I won't simply because it's not me, I'd do the same as you.

Have as many profitable strategies that stood on thier own all running simultaneously.

That way the equity curve should have a nice slow upward curve to it. Nothing exciting but no scary drops either as you'd have SUPER UNCORRELATED markets all doing their own thing.

Sounds simple but its very very hard! I couldn't do it thats for sure!

Also... you need to be quite capitalized to do this correctly. Which is hard for most beginners.

Nice job so far and thank you!

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YUP, you got it. Thanks!

I am not looking for exciting. That in many ways is the demise of the beginner and slowed down my success in my early days. In my humble opinion, running a multi-system portfolio is the way to go. It does require more capital, or smaller size per system, than running a lone system but I think if you're after consistency, this is the approach.

Its not perfect and not for everyone and you do need to be aware of the overall market conditions because the reality of building any kind of automated mechanical system is its going to have its weakness. For me, I think the turning point was just realizing that trading isn't the only thing in life and when you start to be indifferent towards it you're free to trade in a way that sets you up for success.

I say all that fully admitting that once upon a time I was definitely the guy who put 2k into an account and tried to daytrade CL with a 5 tick stop, or bought FD options, or scalped with a stop 3 times bigger than my target.

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  #17 (permalink)
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Ron8 View Post
Awesome video, Fibbee.

Can you also discuss some stats of your systems (max drawdowns, profit factors, etc)

Thanks.


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Thanks Ronnie!

Im happy to... but that opens up a pretty wide conversation because I'm incubating like 6 systems at the moment. Is there one or two in particular?

My ideal system has a >20% drawdown and hits 30% of its trades for a 5R. Naturally there is a scale where the bigger your r multiple is the lower your percent profitable will be but as a rule of thumb if you can be hitting 3r 40-50% of the time you got yourself a good one.

Here are the laws of mechanical systems:

1. The higher the % profitable the lower the R-multiple
2. The higher the r-multiple the bigger the drawdown and days to recovery.

You cant have it both ways and so if you have a swing system that hits big winners, your equity curve will always be more rocky than something that hits more consistent winners but in turn you sacrifice profit factor (growth)

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  #18 (permalink)
Toronto + Canada
 
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Fibbee View Post
Hey Ron,

Yes, everything here is built with bloodhound and executes with blackbird in a VPS.

I think what I am going to do with this journal is start building out some systems to test and run so that there's something for people to follow along with from start to finish. What do you think about that idea?

For your incubation testing, if you don't mind me asking: what VPS do you use and the system configuration?

Thanks.

Ronnie

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  #19 (permalink)
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Ron8 View Post
For your incubation testing, if you don't mind me asking: what VPS do you use and the system configuration?

Thanks.

Ronnie

Interserver.net
Hyper V based in New Jersey
Windows 2019
Maxed out for $160 per month
16 Slices
32 GB memory
480 GB Storage

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  #20 (permalink)
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This is a reminder of why I spend 160 per month to incubate systems before they go live.

Inevitabley when you design a system, there is going to be something you forgot to do/include/adjust and this is a good example to share.

I have been having some misc. issues with my newest system GeeGee the past couple of weeks and yesterdays FOMC highlights why I incubate... I forgot to have this one avoid the 2:00 area and well...

This would be pretty ugly if I had this one live before working out the kinks.

In other systems I have programmed a "pause" condition where if the speed of bars spike like this, the system will avoid taking trades. Its particularly helpful for news and Sunday night gap opens. In my mind, I try to build systems that are as intelligent as possible and can "know" when things are not normal.

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