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How many contracts can you trade before affecting market in CL and GC markets?


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How many contracts can you trade before affecting market in CL and GC markets?

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  #11 (permalink)
pepelucho
portland, OR
 
Posts: 50 since Nov 2009
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Itchymoku View Post
If you make 300% a year and can prove it contact me via pm, I'll give you money to trade with.

I'm not interested in trading anyone's money, and if I were, I already have plenty of friends/family lined up.
But here's proof anyway, 36 month chart...

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  #12 (permalink)
 Itchymoku 
Philadelphia
 
Experience: None
Platform: corded black telephone
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pepelucho View Post
I'm not interested in trading anyone's money, and if I were, I already have plenty of friends/family lined up.
But here's proof anyway, 36 month chart...

I'd assume you can't move the market with one instrument outside of a few ticks because Algos will spot this and bring price back to equilibrium. At least that is my understanding.

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
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  #13 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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pepelucho View Post
I'm not interested in trading anyone's money, and if I were, I already have plenty of friends/family lined up.
But here's proof anyway, 36 month chart...

And how much of that chart is live cash trades, or is this all simulated backtests?

Usually the people asking how much money can they make, how many contracts can they max out at, which broker has lowest margins/most leverage, and creates Excel spreadsheets showing compounding returns with additional contracts --- are the guys that blow up the fastest, because they have no understanding of the markets or risk.

Good luck!

Mike

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  #14 (permalink)
pepelucho
portland, OR
 
Posts: 50 since Nov 2009
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Big Mike View Post
And how much of that chart is live cash trades, or is this all simulated backtests?

Usually the people asking how much money can they make, how many contracts can they max out at, which broker has lowest margins/most leverage, and creates Excel spreadsheets showing compounding returns with additional contracts --- are the guys that blow up the fastest, because they have no understanding of the markets or risk.

Good luck!

Mike

Thanks for the vote of confidence mike !

;-)

I've been day trading this strategy for several years and haven't blown up. I have had to do several re-optimizations throughout time tho, and have figured out how to tell when the system starts degrading and in need of another re-opt. The particular chart you see is actually a Tradestation Strategy Performance Report graph using 1 contract steadily including $2.50 broker fees per side and no slippage (which I've found to be pretty accurate up to 3 contracts).

I've only been trading what you're seeing since April, and have made about 100% profit since then.

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  #15 (permalink)
 Itchymoku 
Philadelphia
 
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pepelucho View Post
Thanks for the vote of confidence mike !

;-)

I've been day trading this strategy for several years and haven't blown up. I have had to do several re-optimizations throughout time tho, and have figured out how to tell when the system starts degrading and in need of another re-opt. The particular chart you see is actually a Tradestation Strategy Performance Report graph using 1 contract steadily including $2.50 broker fees per side and no slippage (which I've found to be pretty accurate up to 3 contracts).

I've only been trading what you're seeing since April, and have made about 100% profit since then.


I've been here long enough to see where this is going

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
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  #16 (permalink)
pepelucho
portland, OR
 
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Itchymoku View Post
I've been here long enough to see where this is going

I've been here longer... trust me, this ends here

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  #17 (permalink)
 Koepisch 
@ Germany
 
Experience: Beginner
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: FDAX
Posts: 569 since Nov 2011
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Hi @pepelucho,

i've heard that the tradestation strategy run has difficulties with intrabar data, but if you claims that you have achieved the 100% gains with real money since april, then i have no worries about that und trust your statement. If all others fail someone must win. The bashing of successfull strategies here at BM is very annoying. What can you do?

Don't talk about results - only place your questions.

But you have to be cautious to protect your strategy and your daily income. Invest time and efforts to add a high level of protection to your intellectual property (IP). I have spend weeks and there will be further weeks to only add protection of my IP and my source code.

Koepisch

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  #18 (permalink)
 Itchymoku 
Philadelphia
 
Experience: None
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Trading: ticker tape
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Koepisch View Post
Hi @pepelucho,

i've heard that the tradestation strategy run has difficulties with intrabar data, but if you claims that you have achieved the 100% gains with real money since april, then i have no worries about that und trust your statement. If all others fail someone must win. The bashing of successfull strategies here at BM is very annoying. What can you do?

Don't talk about results - only place your questions.

But you have to be cautious to protect your strategy and your daily income. Invest time and efforts to add a high level of protection to your intellectual property (IP). I have spend weeks and there will be further weeks to only add protection of my IP and my source code.

Koepisch


Well, you have to understand people find it equally annoying that someone comes out of left field disagreeing saying they make 300% yearly return when they've really made 100% since April (not 97% or 103%, nope 100% on the dot). Not to mention they constantly optimize their system and try to prove the results with a back-test graph. There are a lot of holes here. I'll just go over a couple: Why was slippage excluded? If he's been trading for years how does he not even know how many contracts might or might not move the very instrument of his expertise? It's just the approach that gets me. I really don't like crushing dreams, But I think its equally devastating to not introduce someone to the reality of this career. I mean come on now If someone is truly passionate about trading it's important to be able to take some heat especially when you post 300% return, cammm onn that's askin for it.

And seriously, why do people feel the need to be so secretive about their system? Are you afraid someone will steal the system and over-trade it to the point it won't work anymore in your favor? You think they'll manipulate the market against you? Hell maybe the broker will catch on and reverse engineer it?

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
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  #19 (permalink)
 Koepisch 
@ Germany
 
Experience: Beginner
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: FDAX
Posts: 569 since Nov 2011
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Itchymoku View Post
...
And seriously, why do people feel the need to be so secretive about their system? Are you afraid someone will steal the system and over-trade it to the point it won't work anymore in your favor? You think they'll manipulate the market against you? Hell maybe the broker will catch on and reverse engineer it? ...

Yes, thats exactly my opinion. Thats why you never hear or see any statements about the strategies traded by successfull trading persons or companies like hedge funds. I know thats sounds funny or paranoid. But for me it isn't so hard to harden my systems against attacks, it's takes only an long-winded step in the creation of an automatic system. I can only trade a limited amount of contracts with my strategy and i don't need any copycats.

I fully agree with the first part of your post. There are a few red flags in pepelucho's post - but for me no need to not trusting his words. It doesn't bother me if he's telling only the half of the truth. If he's valid - he should take care of security, thats all.

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  #20 (permalink)
 
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 wldman 
Chicago Illinois USA
Legendary Market Wizard
 
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is unanswerable...total folly. Remember the television commercial: How many licks does it take to get to the tootsie roll center of a tootsie pop? There is no way to determine how many contracts you can trade at the inside except to hit or take till you move it.

The talk about 300% return and proving it is also folly guys. I'm not saying you cant do it or that you aren't doing it, simply that talking about it in a public forum is a total waste of time. I mean why would somebody even mention that? It is like a farmer that has discovered that he owns a goose that lays golden eggs building a giant roadside neon sign, "Here lives the magic goose that lays golden eggs!

Bona fide success, while it may leave clues, does not promote itself.

We could look at that specific claim, but what of it...what does that accomplish?

On the other side, what do the detractors say about themselves when they doubt?

My point is focus on productivity, real achievement in the most competitive arena known to man demands focus.
DB

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