Frosty's auto-trading bot goes live with REAL money

A friend and I went live with an automated system starting in October so I'm about 6 weeks in at this point.

There were many things we learned that were different in"real life" as opposed to papertrading since we are trading equities right now.

We have gone back and forth on the issue of more trades and more potential profits vs less trades and less profits but higher win rate. We started with the more open system and have had some great days and some lousy days.

I think we are now favoring backing down a bit and going back to the higher win percentage play with the hopes of getting a little more consistancy out of our trading.

We have also gone back and forth on the market order/limit order debate and reprogrammed algorithms to shoot for different order prices 2 or 3 times.

So far the results have been ok (modest profit) but not to our liking. The good part is we seem to have worked many of the kinks of out the underlying software. For what its worth we use a combination of AmiBroker (w/ Esignal data), a small VB program and Interactive Brokers.

 

An area of Toronto was out of phone and internet service for 5 days last month.

A speed dial might not help, because the area junction box was flooded, knocking out all services.

 

I thought this could be calculated.

If you just look at the draw down and return, you are already ahead.
Assuming 1/2 draw down means you can double your position, then your return will be ahead by 40%.

 

I guess that is what cell phones are for. Or were these out too?

 

Hope your profits keep coming.

 

looking a little rough thus far today...... I remember last tuesday was the day that started everything off great.. but this one isnt looking good yet.. down about -$250 at the moment.....

A long day left though...

 

This small range day is eating up my system..... I keep thinking a break one way or the other may happen soon.. I just hope my bot is on the RIGHT side of it when it happens... currently short...

 

people are taking off for the thanksgiving weekend.

You have to take that into your consideration on which days to trade.

I am lucky to be up $350 for the day. It was down $350 at one point! I am calling it for the week.

 

It can vary but my experience has been that pre-holiday periods are better spent watching paint peel than system trading.

 

why quit today? I thought tomorrow was supposed to have half decent volitility? a bunch of numbers are coming out in the morning.