Free Trial of STAR-ES Automatic - futures io
futures io



Free Trial of STAR-ES Automatic


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one kevinkdog with 9 posts (1 thanks)
    2. looks_two fiverr with 6 posts (1 thanks)
    3. looks_3 ktrader with 2 posts (2 thanks)
    4. looks_4 tracer888 with 1 posts (0 thanks)
    1. trending_up 3,416 views
    2. thumb_up 4 thanks given
    3. group 4 followers
    1. forum 18 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 150,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

 
Search this Thread
 

Free Trial of STAR-ES Automatic

(login for full post details)
  #11 (permalink)
 fiverr 
Calgary
 
Experience: None
Platform: TradeStation, MT4
Trading: ES, Stocks
 
Posts: 73 since Aug 2015
Thanks: 4 given, 11 received


kevinkdog View Post
Very few people even think that "how the strategy was developed" is even important. Yet, it is critical.

Ktrader and Kevindog,

I totally agreed with the both of you. Can you provide me with some feedback on this trading system that I posted a while back?


Started this thread Reply With Quote

Can you help answer these questions
from other members on futures io?
NT8 - Footprint Chart adding on code
NinjaTrader
Entries per day limit
EasyLanguage Programming
 
 
(login for full post details)
  #12 (permalink)
 kevinkdog   is a Vendor
 
 
Posts: 3,328 since Jul 2012
Thanks: 1,759 given, 6,720 received


fiverr View Post
Ktrader and Kevindog,

I totally agreed with the both of you. Can you provide me with some feedback on this trading system that I posted a while back?


I doubt my advice would be much help to you. Back in October, you equated my trading to gambling, so I fear anything I'd say would be taken as gambling advice:

Follow me on Twitter Reply With Quote
The following user says Thank You to kevinkdog for this post:
 
(login for full post details)
  #13 (permalink)
 ktrader 
glostrup, denmark
 
Experience: Advanced
Platform: Custom platform
Broker: CQG
Trading: Futures, Options, Stocks
 
ktrader's Avatar
 
Posts: 249 since Aug 2011
Thanks: 152 given, 275 received



fiverr View Post
Ktrader and Kevindog,

I totally agreed with the both of you. Can you provide me with some feedback on this trading system that I posted a while back?


I looked at the thread, and I can't say anything meaningful with the information provided.

You do ask about its performance compared to other strategies:

How does it compare to the goals you set up before starting development?

Do you have any form of reliable statistics telling you 5$ pr RT is a reasonable amount for market slippage and mishaps?

If it were my strategy and my testing, the performance report would have shown a loss of approx $130.000, since I use 25$ RT for slippage and mishaps on ES . (I got this number based on experience shared by @kevinkdog - I do not currently have enough statistics of my own)

--ktrader

Reply With Quote
The following user says Thank You to ktrader for this post:
 
(login for full post details)
  #14 (permalink)
 kevinkdog   is a Vendor
 
 
Posts: 3,328 since Jul 2012
Thanks: 1,759 given, 6,720 received


ktrader View Post
I looked at the thread, and I can't say anything meaningful with the information provided.

You do ask about its performance compared to other strategies:

How does it compare to the goals you set up before starting development?

Do you have any form of reliable statistics telling you 5$ pr RT is a reasonable amount for market slippage and mishaps?

If it were my strategy and my testing, the performance report would have shown a loss of approx $130.000, since I use 25$ RT for slippage and mishaps on ES . (I got this number based on experience shared by @kevinkdog - I do not currently have enough statistics of my own)

--ktrader


My number for slippage assumes market or stop orders for entry and exit. If you employ limit orders correctly, you won't have slippage for those. If all your entries were limit orders done correctly, and all stop/market orders for exit, you could reduce the slippage by 1/2.

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #15 (permalink)
 fiverr 
Calgary
 
Experience: None
Platform: TradeStation, MT4
Trading: ES, Stocks
 
Posts: 73 since Aug 2015
Thanks: 4 given, 11 received


ktrader View Post
I looked at the thread, and I can't say anything meaningful with the information provided.

You do ask about its performance compared to other strategies:

How does it compare to the goals you set up before starting development?

Do you have any form of reliable statistics telling you 5$ pr RT is a reasonable amount for market slippage and mishaps?

If it were my strategy and my testing, the performance report would have shown a loss of approx $130.000, since I use 25$ RT for slippage and mishaps on ES . (I got this number based on experience shared by @kevinkdog - I do not currently have enough statistics of my own)

--ktrader

Ktrader, I agree that traders should use $25 RT for slippage and mishaps on ES if they are using market orders. With this strategy, I am using limit orders to enter and exit my trades; hence, I don't think that $25 RT should apply.

Started this thread Reply With Quote
 
(login for full post details)
  #16 (permalink)
 fiverr 
Calgary
 
Experience: None
Platform: TradeStation, MT4
Trading: ES, Stocks
 
Posts: 73 since Aug 2015
Thanks: 4 given, 11 received


kevinkdog View Post
I doubt my advice would be much help to you. Back in October, you equated my trading to gambling, so I fear anything I'd say would be taken as gambling advice:

Kevin,

Sorry, I must have a flare up on my foot-in-mouth disease.

Started this thread Reply With Quote
 
(login for full post details)
  #17 (permalink)
 kevinkdog   is a Vendor
 
 
Posts: 3,328 since Jul 2012
Thanks: 1,759 given, 6,720 received


fiverr View Post
Ktrader, I agree that traders should use $25 RT for slippage and mishaps on ES if they are using market orders. With this strategy, I am using limit orders to enter and exit my trades; hence, I don't think that $25 RT should apply.

Are you using limit orders to exit your losers? What happens if the price runs away from you? Does your algo chase price down with limit orders? Also, are you assuming limit order fills on touch, or only if your limit price is exceeded?

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #18 (permalink)
 fiverr 
Calgary
 
Experience: None
Platform: TradeStation, MT4
Trading: ES, Stocks
 
Posts: 73 since Aug 2015
Thanks: 4 given, 11 received


kevinkdog View Post
Are you using limit orders to exit your losers? What happens if the price runs away from you? Does your algo chase price down with limit orders? Also, are you assuming limit order fills on touch, or only if your limit price is exceeded?

Kevinkdog,

Each trade is entered with a fixed stoploss and a fixed takeprofit. You are correct, I will need to re-run the test again using when limit price is exceeded.

Lots to learn.

Started this thread Reply With Quote
 
(login for full post details)
  #19 (permalink)
 kevinkdog   is a Vendor
 
 
Posts: 3,328 since Jul 2012
Thanks: 1,759 given, 6,720 received


fiverr View Post
Kevinkdog,

Each trade is entered with a fixed stoploss and a fixed takeprofit. You are correct, I will need to re-run the test again using when limit price is exceeded.

Lots to learn.

If you are using a fixed stoploss, that is not a limit order, that is a stop order, which is subject to slippage.

So, you need to account for stop loss slippage, too. How you do it depends on the platform.


Finally, the "limit order fill if price exceeded" switch will likely ruin your strategy. But it is real life.

Follow me on Twitter Reply With Quote


futures io Trading Community Trading Reviews and Vendors > Free Trial of STAR-ES Automatic


Last Updated on December 28, 2015


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2022 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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