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Free Trial of STAR-ES Automatic


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Free Trial of STAR-ES Automatic

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  #1 (permalink)
 fiverr 
Calgary
 
Experience: None
Platform: TradeStation, MT4
Trading: ES, Stocks
 
Posts: 73 since Aug 2015
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Has anyone trialed this STAR-ES Automatic?

https://tradestation.tradingappstore.com/products/STAR-ESAutomatic

Please let me know your thoughts.

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  #3 (permalink)
 kevinkdog   is a Vendor
 
 
Posts: 3,004 since Jul 2012
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fiverr View Post
Has anyone trialed this STAR-ES Automatic?

https://tradestation.tradingappstore.com/products/STAR-ESAutomatic

Please let me know your thoughts.

I have never tried any of the Trading Store apps. I think for a lot of them you might need Tradestation 9.5, and I am running 9.1...

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  #4 (permalink)
 kevinkdog   is a Vendor
 
 
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Hi @fiverr -

Did you ever try this product?

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  #5 (permalink)
 tracer888 
Ashburn, VA
 
Experience: Beginner
Platform: NT8, ThinkorSwim
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Sure looks to me like it's trying to pick a directional bias from the previous day and just buys/holds all day until profit target is hit, it sure does endure a lot of pressure going against it and looks to close out at the end of day.

Wonder how quick someone could throw together something similar by say.... picking a negative bias if the day before was an up day (ie selling at open), the reverse on a down day.

Wasn't there a battle of the bots strat, somewhere way back, that would always buy on Mondays or something? Assuming that was when traders were all wanting to open positions. (I could be wrong, thought I saw a thread on it)

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  #6 (permalink)
 kevinkdog   is a Vendor
 
 
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tracer888 View Post
Sure looks to me like it's trying to pick a directional bias from the previous day and just buys/holds all day until profit target is hit, it sure does endure a lot of pressure going against it and looks to close out at the end of day.

Wonder how quick someone could throw together something similar by say.... picking a negative bias if the day before was an up day (ie selling at open), the reverse on a down day.

Wasn't there a battle of the bots strat, somewhere way back, that would always buy on Mondays or something? Assuming that was when traders were all wanting to open positions. (I could be wrong, thought I saw a thread on it)

Have you tried it?

It is funny, the approach you mention is similar to an ES automated strat I've been running live for a few years now - it tries to get the direction right, and then holds until the end of the day if not stopped out.

Thanks for sharing!

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  #7 (permalink)
 fiverr 
Calgary
 
Experience: None
Platform: TradeStation, MT4
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Hi,

I have not tried the STAR ES but I got the performance report for it. It seems that the intraday dd is a bit too high.



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  #8 (permalink)
 kevinkdog   is a Vendor
 
 
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Ahhh, another strategy immune to the realities of market slippage. Truly, that would be a Christmas gift for all of us...

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  #9 (permalink)
 ktrader 
glostrup, denmark
 
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fiverr View Post
Hi,

I have not tried the STAR ES but I got the performance report for it. It seems that the intraday dd is a bit too high.

A performance report doesn't really tell you anything, unless you know how the strategy was developed (or have complete and total trust in the developer that he/she didn't 'cheat'), you should only look at results you know, with certainty, has been created by running the strategy on out-of-sample data, and even then, if you don't know how the strategy was developed, you should be be very wary of committing money.

--ktrader

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  #10 (permalink)
 kevinkdog   is a Vendor
 
 
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ktrader View Post
A performance report doesn't really tell you anything, unless you know how the strategy was developed (or have complete and total trust in the developer that he/she didn't 'cheat'), you should only look at results you know, with certainty, has been created by running the strategy on out-of-sample data, and even then, if you don't know how the strategy was developed, you should be be very wary of committing money.

--ktrader

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

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  #11 (permalink)
 fiverr 
Calgary
 
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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?


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  #12 (permalink)
 kevinkdog   is a Vendor
 
 
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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:

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  #13 (permalink)
 ktrader 
glostrup, denmark
 
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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

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  #14 (permalink)
 kevinkdog   is a Vendor
 
 
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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.

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  #15 (permalink)
 fiverr 
Calgary
 
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Trading: ES, Stocks
 
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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.

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  #16 (permalink)
 fiverr 
Calgary
 
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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.

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  #17 (permalink)
 kevinkdog   is a Vendor
 
 
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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?

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  #18 (permalink)
 fiverr 
Calgary
 
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Trading: ES, Stocks
 
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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.

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  #19 (permalink)
 kevinkdog   is a Vendor
 
 
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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.

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