I have to agree, setting daily profit targets (or really anything) based on backtesting is just curve fitting in the worst way. Been there, done...
Not to discourage you but we tried similar systems a while back and while they were profitable for a little bit, they almost all required too much...
Honestly common technical problems are solvable and should not impact trading except in extreme situations. You have relocated to a data center,...
In between - we're using an API and building our machine based around that. So not completely from scratch, but not an existing 3rd party app...
It took us about 6 months for our first one, and our second one only took 2 months. After you've developed the infrastructure it's a lot easier.
The thing is, unless you used a hedge you could only do that once - the next time you will be CAUGHT in the drawdown. I would think that the bot...
I asked the same thing and never got a response. I've got a feeling that the drawdown was not significantly higher than expected, but the account...
We did it, so yes it is possible. It may depend on your broker - perhaps they may limit trades to a minimum of 100 but I don't think that is...
Hmm I honestly thought that we were about on par with the kind of work the amateurs (like us) are putting into things. Though we have a great...
While that's true, I think the timeframes depend on different situations. For example, our system took about 3 months of dedicated work once we...
Sorry, I wasn't referring to 24/7. What I meant was 24/5 ;P
I was under the impression that he was originally a discretionary trader....?
Frosty, what was your historical drawdown expectation based on backtesting? (days and total dollars)
I also agree with Kohanz - how about another huge advantage: the ability to trade 24/7? Brownsfan: why the need to isolate automated...
Hmm, good points. Looking back I made some assumptions based on our bot that would not apply in other scenarios. I would think that 40% vs...
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