Just want to shout it TO the MOON!!!! If your Algorithmic Trading system can not make money month to month for the past +10 years and scale to $1million per year/month like the pictures BELOW, YOUR Algorithmic trading system is TRASH, SCAM, a LIE, BULLSHIT, waste of TIME and you will lose money and time!!!!! Go Click Click Click Click
I see it over and over, people program based on ideas, they optimize it and start trading it and lose. I have done it old fashion way, I design a system, backtest it, forward test it 3-9 months, make adjustments, then trade one lots for a month, making adjustments, keep trading one lots. If percentages of losing within my parameters, each week add one contract, maybe add adjustments (that been backtested) to keep loses low. It will be at very least 18 months before ramping up size and adding other markets. It is a long process because of risk management. My first couple of systems started with me manually trading them for a few years, eyes to screen you learn how to make adjustments, can't overcome experience. But perhaps lack of experience, lack of time, lack of risk management people think they can just whip out a program that is profitable. I went to automation cause I wanted to trade 90 plus markets, ultimate challenge to me. Yes I hired programmers along the way, they have experience on what they do and able to do in weeks instead of me making tons of errors. Automation is profitable, does have losing weeks of late but overall percentages within risk management. Glad I did, just too old to manually trade any more. Good news sort of, not early stages of dementia, have lead poisoning, few weeks of blood filtering and on Chelation therapy. It will only take 30 years to leech out of bones....memory seems to have come back some. Have months before therapy is done.
Thats algo looks over optimised again, from 2018 up to this year. Before that it looks like there were plenty of losing months with that algo, then it just miraculously starts having winning months 98% of the time.
Hello Businessman, That is correct. 2020-2023 was indeed the get rich years if you was day trader on the futures ES market.
Hello DarkerthanDarc, That is damn 1000% correct. Click Click Click Click that darn ES futures chart. Or starve and be poor. You can forget about that algorithmic trading systems stuff. Gotta go click
Good Morning Handle123, Congratulations on your success. Yes, hiring programmers full time to work for you was the right approach.
It doesn't matter what era a trader trades in....if they are misinformed, inexperienced, misguided they will still lose money....lose account after account attempting to day trade the market,,..., A great, wise, experienced trader can trade in the thinnest, boringest, dullest market....and still make an absolute ton of money
Your problem is you want to get rich quick, turn 5K or 10K into 1million in two or three years. You can do it with by Algo trading, if you get favourable markets and have money management rules that size the algo up to 100 contracts. If you don't get favourable markets in the first few years it will take 5 years or more, and you will have to reload your '5K' account a few times, before it takes off without looking back. And thats with a properly designed algo, not the over optimised ones you have been using. Good luck trying to do it with 'click click click' manual trading, it is going to be hard to maintain discipline while you scale up.
You are correct. Matter of fact if one nets $100 till they make twice day trading margin at retail then add another ES contract, no more than one contract a week., good chance at mil at end of year. So end of year trading 52 contracts. There many good traders on this forum.