Man Vs. Machine… 9.75pts Friday Morning
Posted on November 9th, 2007
Written by Richard
Posted in: N/A (old archives)
So, as the video says, I turned on an autotrading strategy on ES today. Within 2 hours, it had made me 9.75 ES points. I know that I technically should let it keep going, but I just couldn’t do it. I’m a puny weak human, after all. So, I turned it off and will just watch it for the rest of the day.
Needless to say, I am very happy with my first day of autotrading results.
And, if you have been keeping up, you know that I have been fretting about the stops required to take the signals. Via backtesting, I was able to find a balance that had good profits but also limited my max stop loss to 3pts ($150/contract). So, I am pretty comfortable with it, for now. We’ll see how trading goes next week. I plan to do a lot more testing over the weekend, and see what tweaks I can make, if any.
[EDIT: I can see now in the video that it actually went down a little more than 1 point... when trading I use a fixed scale on my chart so that 1 inch = 4pts at all times. It keeps me from being fooled by scaling differences in wide range vs. narrow range time frames. But I usually turn that off for the videos so that they are clearer. So, I thought I was looking at about a point but the scale was different.]
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© 2010 Richard Todd. I am not a financial advisor, and nothing on the site should be considered investment advice or actionable recommendations. I'm just an individual, saying what I think, and sharing my experiences.