The OP or anyone on this website will never answer this question with verified proof, because the OP Bullshitting , talking out the side of his ass, instead of trying to making money trading. Only a Clown assume everybody not making money trading. Only a clown. Only a clown will waste his time counting other people pockets instead of trying to fill their own pockets.
The minute I posted this I continued my testing and everything went downhill from there. The market is trendy and then it can be choppy? It is difficult to find the "Sweet Spot". Answer: Let the system Signal using settings from a longer timeframe and enter with a shorter timeframe...problem solved. I will know more Sunday afternoon when I can fire this puppy up and see what she does. ES
high triple digit returns on an annualized basis with drawdown from the high (not abs) of less than 0.25%
That is indeed a large issue, that market behaviour is inconsistent. Very very difficult to have any system which trades profitably through wild gyrations of mood, probably why rodeo riders can only sit on the beast for a matter of seconds.
Recently I came to the conclussion regarding stock trading, that there are numerous large trades going into a stock which are deliberately placed to just fvvck it around. For example on a penny stock, a $100k trade placed then a minute or two withdrawn again. It's like "place a large bet to create movement" that was the only purpose of it. The trade was not designed to be directional to create profit, it was just to stir an interest and reaction, like prodding a sleeping dog.
I think the 'AI vs human' battle is a farce. People often talk of ML/AI as a single entity that will compete against humans. If that were true, maybe ... and only maybe ... a single ML/AI system might maintain some kind of unique edge. But there is no single ML/AI system ... that's not what's happening. 100's to 1,000's of firms are incorporating individual, uniquely tuned, ML/AI systems into their trading practices. As ML/AI systems compete against each other, and all other market participants, each system's unique edge will get diluted, absorbed or negated. At some point, isn't each ML/AI system just another trading entity trying to find an edge and use it as long as possible? Sounds familiar.
I know this post has been out for a while but I never understood why someone would come into a trading forum only to say that no one in the forum can trade. It’s like going to a medical convention full of doctors telling them that none of them know medicine. What?!?!
A while? It's been here for 3 days. As for the reason why? It is because the OP hasn't made money doing it, so thinks that nobody else in the world can do it either and wishes it were so, so they do not feel like a loser. It's a dumb psychology. On the flip side, I'm of the opposite mind. I am struggling, but I KNOW it can be done. And I condone anyone's methods that work for them. It takes all kinds to make the world work. This is just another example of one of those "all kinds".
Forget about Automation vs Manual or Intraday vs Swing or Fundamental vs Technical. Start off with an idea. Once you find that idea use the proper tools to execute. Let's say your idea is - "I can front run hedge funds and make a few cents". Does manually doing this seem reasonable? Absolutely not. So you must use automation to play out your idea. What about merger arb. Does automation make sense here? Probably not. Each event is very different. Start with an idea, build the business around it.
You are good. Most people don't appreciate what you just said. Just like so few realized they should buy buy Credit Default Swap back in 2007-08, or bought real estate in 2010-12.