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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