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I run my own business. IT consulting, the last years around trading. Spent 17 months as one lead for building a major risk management data warehouse (we talk of servers running 21000gb volume, loading and processing around half a million trades per day).
Now back to trade automation. Sadly some of the stuff I work on is not trivial to automate. This is why I try to put a lot into various filters.
Can you help answer these questions from other members on NexusFi?
Same here. For that I need about 1000 USD Per day on average, otherwise - it is simply not sensible. Even then I earn less than now, but at least i have my freedom. THAT SAID - this is quite easy to achieve IF you can trade well (i.e. capital buildup does not take that long).
I think I will spend next week sim trading full time with the stuff I am worknig on on a number of markets and publish a joiurnal, as well as my setups. Give me a day to work that out (especially I need the parameters for some more markets as well as set up automatic stops etc. - I trade by chart, but I prefer stop and target to be automatically created with default values when I enter a trade, it is faster to move them than to create them). And I need to set up some rules for the week (trading times etc.).
I have tried, but I've never been able to get the code to recognize the signals 100% correctly like my eyes can see them on the screen. The coded signals are probably only around 70% accurate, so I can consistently trade the method better then the automated code based on the rules. Maybe if I was a better programmer it would be different.
I'm not advertising my approach or any particular method, I'm saying this approach works for me. You can see my charts on various threads with the indicator signals, and my entries where they are actually suppose to be. You are often on the Euro 6E thread, I have recent charts there and other places. Even if I ran fully automated, given my personality, I would probably sit in front of the screen and watch it trade all day. Otherwise, I'd have to find a life outside of trading
Maybe not. If there is a pattern recognirtion part in there then - you need someone who knows programming for that. Real programming. As long as you only work on formulas - it is quite trivial, but even something channel determination etc. is quite ocmplex code and over the head of someone "just" managing to program indicators.
Could be discretion, could be as he says - if he would know programming better.
No, I manually follow strict rules that I have not been able to code. Mainly because the rules have pattern recognition of squiggly lines, and recognizing squiggly lines is not easy to code, even though they are quite easily recognized by the naked eye. That's why I've been attracted to Renko type bars, because they render indicator lines straighter smoother, and sharper, removing a lot of the curves, this makes the line patterns a bit easier to recognize programmatically.
If I go long and say I went long because the chart looked "good"... and the next time the pattern appears and I don't take it because the chart didn't look "good" is that mechanical or discretionary?
I'm just a simple man trading a simple plan.
My daddy always said, "Every day above ground is a good day!"