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I will leave unattended but make sure I l always have quick access. I have it setup to email me and text me when a trade is entered or exited. I keep a laptop with me so I can access my server anywhere, anytime. I have a 3g/4g data connection so as long as I am in a city I can even access my server in the car if need be. Whenever I get email I am in a trade I access my server and keep an eye on things. I guess you could say I leave it semi unattended.
I believe I know what you are describing. In NT the scenario you describe happens above when market has moved on the other side of your stop when order is placed. When this happens it will enter trade and then shutdown strategy leaving an orphan order because as you said stop got canceled and target is OCO. Way to overcome that is to make sure "cancel entry orders when strategy is disable" under options---strategies tab then ninjascript tab make sure that box is checked. What this will do is when that trade triggers and it puts order in will kill the strategy and the entry order before order ever hits the market. So you will be flat. Way to test if that is working is in sim put your stop one tick off your entry and run it until it happens. You know your settings are correct if your strategy gets killed but no entry was made. I think there may also be a setting somewhere in NT although I can't seem to find it right now where you tell it to disable a strategy on an error. You essentially want it to disable and cancel your entry orders.
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
I trade mostly automated, but my results are not amazing. They are just decent lol. But as long as I am making more money than if I were working at a 9-5 job I am happy. The only bad thing is when there is data issues or something like that. So automated for me doesn't mean I can leave the system during the day.
For me automated is nice, but I know a few others who hate it.
cool site by the way with that forward testing I couldn't get anywhere near 100% gains though haha
This is a great question. Can more autotraders weigh in please? And would you say that if you monitor, you would always let the autotrader enter the position, because it qualified it, but you might be more apt to manage it while in the trade, and take it off early if not performing well? Or is that in the strategy too? thanks
Nice, I mean usually if you can get to 1 million you can go to one trillion. It's just 1 million proves that you have more continuity to your methods than lets say 20k.
I think if you sit and watch the autotrader, you run the danger to want to interfere in the automated trades. All the psychological issues you would face as a discretionary trader would be in effect again. I am semi automated, meaning that my trades are identified by the system, but I enter them manually, but everything else is automated. I have to enter manually because I have not been able to get my code to identify my entries with 100% accuracy, so I have to be there to filter out the bonehead signals. I think if you don't run the autotrader unattended, your presence should only be used to take care of unforseen errors or events, that you did not program for.
That is always in the strategy too. If you manually intervene, then your automated backtesting is worthless for telling you what might happen in real life.
The only time to manually intervene is if you spot your strategy doing something it wasn't supposed to do, or failing to handle a situation you hadn't programmed it for. After that it needs to be stopped and tweaked/fixed.
rpm123 I won't manage while in a trade but will keep an eye on it in case there was some type of technical problem with computers. Problem is if you pull it off early and are trading probabilities that will change your probabilities and the thought of this keeps me honest. Even if my intervention lead to a better outcome it would invalidate my stats if did to often which means I would be trading blind. I have also found having the computer manage gives me enough of a layer in between me and the trade to not be tempted to bother it even if I am watching it. I have to monitor it at some level in case the computer goes haywire although I would like not to monitor at all.
Good question
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."