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Tirutrade - Algo Trading


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Tirutrade - Algo Trading

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  #1 (permalink)
 thw333333 
Jupiter Island, FL
 
Experience: Advanced
Platform: TOS
Broker: TOS
 
Posts: 17 since Jan 2015
Thanks: 42 given, 48 received

I had an account through Striker Securities which is an introducing broker for Algo trading of many diverse systems. In July of 2018 I started with $12,500 and initially chose Patrick Slevin of World Cup Advisors who had a good track record at the time. In two weeks or so I had lost $2500 with him so I pulled out and just let my account sit for 5 months.

I decided to try again, this time with one of their algos. I chose the mSignal YM developed by Tirutrade which up until that moment had been their top system for months. On December 24, 2018 the system initiated a trade and closed it 2 days later for a loss of around $2600. On December 27 the system opened another trade and it either closed or I was stopped out due to margin maintenance. In any case, another $2400 loss or there about. The account was funded to levels they recommended for this particular trading system. I wouldn't touch anything from Tirutrade with a ten foot pole considering their "system" allows for stops that generate a 25% hit to the account. Nothing like this had occurred for months of the system being traded prior to this event.

So basically, 2 trades over 3 days and more than 50% loss of account value with Tirutrade's algo. I closed my account with Striker today. Done with Algo trading...

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  #3 (permalink)
 cory 
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
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isn't that amazing, the method/system was right at the top and then all downhill right after you join. But think about it if you join at the bottom then it will be all up hill isn't it? But who would want to join a big loser!

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  #4 (permalink)
 Massive l 
Market Wizard
Portland, OR
 
Experience: None
 
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Posts: 2,020 since Mar 2011
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have ya'll considered having someone else with a series 3 manage your money instead of trying to do this stuff yourself or using a shot in the dark gurus online?

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  #5 (permalink)
 thw333333 
Jupiter Island, FL
 
Experience: Advanced
Platform: TOS
Broker: TOS
 
Posts: 17 since Jan 2015
Thanks: 42 given, 48 received


ssp729 View Post
thw333333, i am thinking of opening an account with Striker and follow a money management plan. It seems that MJ trading systems and systems of petronel are always on top of trading systems ranking... (Fenix CL and MJ 75 ES)
Have you thought of choosing those systems? I thought of choosing tirutrade, but i gave up...

I believe the guys at Striker are people of integrity. I almost chose one of the MJ systems and have always heard good things about MJ. Really, I was just playing around with a small account. Had it worked out at all I had planned to throw a lot more money at it. In both cases, my choices were (erroneously, it turned out) based on the idea that what had worked in recent periods of volatility would be a good choice. A short trading history--something less than 6 months basically leaves you open to having the thing turn from "all good" to "all bad" quite suddenly. I would have liked to have known that the system I was in could lose 26% of total account value in a single day, in a single trade without any kind of stop being triggered and then do the same thing again two days later. I think that is just lazy, shoddy trading and I would have bankrupted myself a long time ago if I took that approach.

I learned something about the "pros" at Tirutrade and their systems. I bet there isn't a one of those guys pictured on their website with money at risk in the POS algo they built--bet their families or friends aren't in them either.

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  #6 (permalink)
 thw333333 
Jupiter Island, FL
 
Experience: Advanced
Platform: TOS
Broker: TOS
 
Posts: 17 since Jan 2015
Thanks: 42 given, 48 received


Massive l View Post
have ya'll considered having someone else with a series 3 manage your money instead of trying to do this stuff yourself or using a shot in the dark gurus online?

Considered it? Yes. I am a full-time futures trader. I am topped out on the number of contracts I can trade with my approach and have a ton of cash on the sidelines that's not doing much for me. I was just testing the waters with the algos. I have other system accounts with two other firms and trying to build my own algo. Not sure I want any more funds exposed to equity mkts. though.

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  #7 (permalink)
 thw333333 
Jupiter Island, FL
 
Experience: Advanced
Platform: TOS
Broker: TOS
 
Posts: 17 since Jan 2015
Thanks: 42 given, 48 received


ssp729 View Post
thw333333 are you still thinking of trading with striker? I am just monitoring the systems and studying.
Massive l, i was thinking in a systematic approach, most an automated trading system.

Striker is fine. I have no problem with them. They are just the introducing broker. Just get all your questions answered before...

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  #8 (permalink)
 Tirutrade   is a Vendor
 
 
Posts: 21 since Sep 2016
Thanks: 4 given, 15 received

We saw your post here. We are sorry for the losses you have suffered.
Please contact me personally and we can look what we can do.

If your account is $12'500 only, you should not trade a system with a large contract but go with multiple systems with micro contracts. Every system can have drawdown and it's totally normal. The risk is way to high and there is no diversification.

The number with suggested capital in the system description has to be seen as: Allocated capital.
This mean in a portfolio of for example 100K you should allocate this capital.

But we never would recommend to trade one single large contract system with only $12'500. We also clarified this with Striker.

In order to avoid this problem and make it more easy for the customer, we created two portfolios:
Tirutrade 10K Portfolio and Tirutrade 100K Portfolio.

Those Portfolios trade a number of systems, offer diversification and a nice risk / reward ratio. We actively monitor the selection of systems in the portfolios and if we think a system is not performing like it should, we remove it. We believe this is a very important part in systematic trading. No system will work forever.
Therefore we recommend to subscribe to the Portfolios only, unless it's a very large account.

Having said that, trading futures always involves risk.

To see the newest performance numbers of our Portfolios at Striker please visit:
https://striker.com/ranking.php

Thank you

Michael


PS: And like I said, please contact me.

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