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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