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Bob,
What is the average profit/day and trades/day for
his system based on your backtesting,
in other words, with no discretion? Or, with some
minimum amount of (good) judgment?
I'm asking because my system is sort of a scalping
system, ~85% mechanical, averaging
~$800/day trading 1 lot of ER2 (mostly), ~10
trades/day, when traded full time, except 11 - 13
CT,
and I always wonder what can some other good
daytrading systems do, but it's difficult to get honest
answers.
Best regards,
Jan Philipp
----- Original Message ----- a
Sent: Tuesday, April 15, 2008 4:26
PM
Subject: Re: [RT] Roger Felton's
systems
I have back-tested taking all signals and there are parameter
settings that give a decent looking equity curve. But Roger does not recommend
doing that.
We continue to work on it to filter out the poorer signals
and I am sure it will get smarter over time.
But it's real value now is
finding the signal, which is a lot of work if you do it manually all day
long.
Bob Fulks
At 05:39 PM 4/15/2008, you wrote:
Thanks, Bob. That was pretty much my take on things after my
"week in his trading room" trial. It seemed that it wasn't the best
week for finding trades (as is usually the case when I test something!) and
it seemed that there was a large discretionary component to which trades to
take and which to leave. I'm just curious if anyone on realtraders has
actually just let the program take the trades and has made money. I'm
a natural (or maybe a learned) skeptic, yet still hopeful. And of
course I know that you have an advantage if you can do this full time, as
Ben says. I can't right now, so I'm still trying to find something
which works part time. I've had some success with several approaches,
yet there are drawbacks to all of them and I'm always looking to
improve.
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