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Good stuff. Emotions and feelings are every human's basic instinct. To what extent is the question.
My algo will 24/7 365 and i dont plan to monitor it. I have programmed checks and balances. Test in real market in a few weeks. So far its only market replay. I've been trading manually for over 10 years. Seems like you guys are used to a lot newbies here.
All I needed from this post when I started the thread was a screen shot of profit factor of folk's algos over a period of time. Never got that screenshot after all these messages. I don't need any secrets from anyone. Surely people can post their profit factor of an automated startegy screenshot prior to advice if things are so great at their end. I would really appreciate the automated strategy screen profit factor shot running over 1 or 3 or more months. Thanks for your thoughts always.
You are obviously not a newbie with manual trading, but you are a newbie with algo trading, so sorry for trying to help you out.
Your other thread asked about profit factors, and people posted responses (not always screenshots though). Not sure what more you want in that area.
I've counted about a half dozen mistakes you are making on this algo effort (at least they were things I've done that cost me money, so I consider them "mistakes"), and I've replied and identified most of them. But you do seem offended by that, so I will stop commenting.
I'm not offended man. i am new to algo trading, youre right. im just not getting actual market algo success data from people while im in the midst of programming stuff. Just a handful you're right. I was looking for more. thats all. Its' better to learn from other people's mistakes so Ive been reading your and others posts intently. My phase right now is in programming. so hence the focus on that. but thanks for taking time.
Thank you for your valuable responses. I hope most of members, now or later, will benefit from them.
I have found out that it may be very tricky to get all metrics the way we like them to get in synch - and in any instrument.
It is never ending learning process.
And it may be frustrating when someone argues with valuable advise.
I am not sure what advice you are getting. I started the first post with a really positive approach to hear perspectives and real data. So far I have only seen why pretty much everything you say will not work. Haha. Or buy a book from amazon. As for metrics let me provide some. These attached pictures are bullish and bearish strategies run on market play for over a month. When run on real time they're similar but I don't have much data on that other than 2 days I ran it on real time. This is on 1 ES contract.
It's not that hard to provide a screenshot if one has been trading for years. It's especially needed when after 30 messages, the only advice is nothing will work and buy a book. But you what I value that too. Just a change of scenery with positive actionable ideas and some data would be nice too. All this other stuff gets tiring. I am in the midst of heavy programming. That was my focus for this thread. So if you have those ideas please share. Don't take this post negatively.
Thank you. I'm still wanting to run more days in market. Life is unpredictable and markets are worse haha. Wish you the best too. Share any tips along the way.
The profitability rate for both of my ES and NQ bots are around 60% with a few years of data. I would add slippage in your backtesting results, and would try to include 2020 data, at least. I would also run the trading bot with market replay for a few days, and compare how close it is with the backtested data. The entries from my bot matched with the indicators/conditions that they are based on.
Here's my tip for market replay, NT8 only has about the last 3 months worth of market replay data. You can focus on those worse performing days, best days, no trading days scenarios for market replay. I would probably compare today's market replay with the same live testing that you did so you can address the question on how different is your bot when it runs with real data. Mine turned out to be very close, whatever discrepancy was addressed with the slippage. I even put 2 slippage with mine so I can "budget" for the real drawdown.
If you trade with 2 or more contracts, try to exit 1 contract where you'll end up break-even or with some profit even if the last contract (runner) goes against you. This was a game changer for my results.
If you use tick replay with NT8's backtesting, it can be very close with live data. I can't use it because most of my bots look up other charts. Tick replay backtesting requires high CPU performance though.
Great ideas. Thanks. 2 points slippage is good. I should add that. I am exiting in some scenarios before tops and bottom so it will be fun to see if it adds or deducts. I don't use back test in NT. its not accurate like you said. 3 months is a limit and not enough like you said. Good idea on comparing today's real market data with market reply. Awesome on the 2 contract idea.