Good Morning themickey, 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, a LIE, a SCAM, a WASTE OF TIME, and WILL FAIL IN THE FUTURE with REAL MONEY and YOU WILL NEVER IN A MILLION YEARS retire from TRADING in 0-2 years!!!!!
Good Morning themickey, 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, a LIE, a SCAM, a WASTE OF TIME, and WILL FAIL IN THE FUTURE with REAL MONEY and YOU WILL NEVER IN A MILLION YEARS retire from TRADING in 0-2 years!!!!!
Good Morning themickey, You responding to my thread @themickey EXACTLY proves my point!!!! Thank you 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, a LIE, a SCAM, a WASTE OF TIME, and WILL FAIL IN THE FUTURE with REAL MONEY and YOU WILL NEVER IN A MILLION YEARS retire from TRADING in 0-2 years!!!!!
Good Morning Businessman, You are correct. As you stated before Perfect Market Conditions plays a big role, or go to drawdown for a years.
I think I said, 'good market conditions' with almost perfect execution. Algo trading is a waiting game, waiting for good markets that your algo is matched for. Then making sure you take every trade and scale up properly. It is not a get rich quick scheme, unless you get lucky and get really easy markets when you start out. That happened to me a few years after I started in 2005, just a few years in and 2008 came around, that was a very easy year to make money with almost any momentum based Algo.
While I was asleep? Hello SML. Who wants to retire? That's a myth. Life is about having fun which is what I'm doing teasing you about crying for help. But really, you sure are reacting about algos bro, whats da matter? Algos are only promps to remind you to do something which you cant remember or can't see yourself in the heat of trading, it doesn't need to place your trades. Why be so upset about having a trading slave assist your trading?
It sounds like he is traumatised from the losses he made from Algo trading. Looks like he used real money on them. I don't blame him, I don't know what kind of job he has, probably cant afford to lose much, I was earning well in my day job when I started algo trading, if I lost 5K or 10K with an overfitted system during live trading it was no big deal. But if it takes someone six months or longer to save or thats all the life savings they got, it might traumatise them.
SML must believe incorrectly that algos 'takeover' your trading, eg it's a robot run amok. Algos only do what you tell them to do. If your trading fails due to an algo, blaming the algo is a cop out because you authorized the instruction. So you write an algo to detect something which is difficult to detect in a discretionary environment (while clicking and distracted) then blame it for your failures. Hmmmmmm, something weird with your behavior.
Think of an algo as a machine which juggles balls. You want to be productive, the more balls flying simultaneously the more productive. So the algo juggles a dozen balls and one fails, whose fault is that?
Hello Businessman, I agree with you with the algo matching the right market conditions that fits the algo "edge" then scale it. I agree. I hate saying that word Edge, by the way!! You are right. My research showed the same thing. However, here is the problem with the waiting for the algo to match the good market conditions the algo was built on: 1. If you invest $10K in the algo and that year is a loss, and the next year is loss, you down lets say $20K, if that next year is good, your algo missed good chance to scale up!!! Those losing years must be VERY small losing years while you wait. This is why I say " 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, a LIE, a SCAM, a WASTE OF TIME, and WILL FAIL IN THE FUTURE with REAL MONEY and YOU WILL NEVER IN A MILLION YEARS retire from TRADING in 0-2 years!!!!! Here example a trading system to bet money on below. NO losing Months!!!!