Hello System Builders, I HATE Algorithmic Trading systems building with a strong PASSION. If an Algorithmic Trading system can not make money month to month for the past +10 years and scale to $1million per year, the Algorithmic trading system is TRASH!!!!! One more time with a VERY strong racist emphasis LOUD and CLEAR toward trading systems: If an Algorithmic Trading system can not make money month to month for the past +10 years and scale to $1million per year/month, the Algorithmic trading system is TRASH!!!!! I think Algorithmic Trading Systems development is the Most stupidest thing to do for a trader in the Futures Trading Market. Complete Waste of Time, Energy and Mental Space. In January 2023, I invested cash money in each of the systems I built below. I invested only the drawdown back tested amount in each system. I lost ALL of the invested money. Question: 1. Why did these algo system take my money and almost me made Poor forever. Thank you God for the ES futures market for manually clicking trading to save me. My Thoughts: 1. I believe Algo Trading Systems if for traders who already RICH and have ALOT of money and free time to run +20 systems uncorrelated together. It is not for traders with little money. If you are are a Little Poor Money Trader, go GUESS and GAMBLE in the ES Futures Market FIRST, then play around with algorithmic trading systems for fun. 2. It is best to manual trade daily in the ES futures Market and try to be a Master day to day. 3. Algo trading systems is waste of time for traders who seriously need money NOW. 4. If an Algorithmic Trading system can not make money month to month for the past +10 years and scale to $1million per year/month, the Algorithmic trading system is TRASH!!!!! Thank you,
i hear your frustration and agree it is so ez to click and make money. it is almost impossible to get automation to do the same as a human can do.
Hello ALL systems, I just want to make sure you hear me LOUD and CLEAR. I HATE HATE Algorithmic Trading Systems development and everything about it. Especially that stupid ass Optimization button. The lack of tick data Indifference between SIM and Back testing Indifference between Live and SIM and Back testing It is the MOST wasted time thing for 1 person to do in the WORLD. OMG I hate trading systems. That shit is stupid.
Your grievances are definitely understandable: The "Optimization Button" Trap: It's easy to get lost in endless parameter tweaks, leading to curve-fitting that looks great on historical data but falls apart in live trading. Lack of Quality Tick Data: Without granular, accurate tick data, backtesting can be an exercise in futility, as slippage, spread changes, and microstructure effects aren't captured. Discrepancy Between SIM, Backtesting, and Live Trading: This is perhaps the most infuriating. The theoretical world of backtesting and even the slightly more realistic world of simulation often fail to replicate the harsh realities of live trading due to latency, broker execution quirks, market depth, and unforeseen events. It's true that the development of robust and profitable algorithmic trading systems can feel like a monumental task for an individual, often consuming vast amounts of time with little to show for it. The gap between theory and practice in this field can be incredibly disheartening.
Funny post thanks for the laughs The problem isn't with automated algo trading, the problem is you over optimised/curve fitted your back tests. Any such systems quickly crashes and burns your money in real trading, as you found out. Also if you were trading multiple times per day, commissions and slippage is going to eat a good chuck of your profits even if you weren't curve fitting. The trick is to minimise the number of trades your algo takes without also curve fitting it.
Good Morning Businessman, You're Welcome. Great Laugh. I did not over optimize nothing. 50% in sample 50% out of sample. Simple. If an Algorithmic Trading system can not make money month to month for the past +10 years and scale to $1million per year/month, the Algorithmic trading system is TRASH!!!!!