Support Board
Date/Time: Sun, 09 Mar 2025 12:53:32 +0000
[AUTOMATE] What are you thought about automate trading ?
View Count: 831
| [2022-03-07 09:53:24] |
| noaah - Posts: 32 |
|
Hey there ! Just curious about your experience with automate trading ? Are you having your own robots that runs and make trades for you ? What about your win-rate ? Do you think being trading 100% automatically and be profitable is even possible ? |
| [2022-03-07 14:25:04] |
| Sawtooth - Posts: 4181 |
|
Do you think being trading 100% automatically and be profitable is even possible ?
IMO, there is no such thing as a set-and-forget 100% automatic autotrader that is perpetually profitable.At least not one a retail trader can devise. I do think it's possible to create a semi-automatic autotrader that can be profitable. However, this is no easy task. If it was easy, every trader would have one. My definition of a semi-automatic autotrader is any system that requires any human intervention or discretion, however infrequent. IOW, a semi-automatic autotrader is: - one that is modified every so often, or - one where any portion of the trade is manually managed, or - one where it is manually turned off/on depending on market conditions, etc.. Date Time Of Last Edit: 2022-03-08 20:25:59
|
| [2022-03-07 15:49:33] |
| 1+1=10 - Posts: 270 |
|
There's a podcast called "Chat With Traders" where professionals in the trading space are interviewed. Some of the episodes that cover fully- & semi-automated approaches include: 178: Nick Radge - The Blueprint: Create a Simple Trend Following System 225: Kyle Schultz -- The Art and Science of Algorithmic Futures Trading 208: Brannigan Barrett -- Adopting Systems to Improve Decision Making and Trade Results 213: John Roberson -- An Obsession with Edge, Powered By Automation There's likely many other related episodes before 178 that I'm not aware of. There's many books in this space. Just search "Algorithmic Trading" or "Systematic Trading" or "Quantitive Trading" on Amazon or wherever. Similarly, there's 100,000s of papers. Search similar topics on Google Scholar. Here's a search for "Future Algo Trading": https://scholar.google.com/scholar?hl=en&as_sdt=0%2C47&q=futures+algo+trading&btnG= When you begin to be interested in a particular strategy, then you should try those on Google Scholar too. "Mean Reversion Trading", "Momentum Trading", "Breakout Trading", "Pairs Trading", "HFT", etc. A tip, often the first link to a paper will be behind a paywall. To find the actual PDF try searching the title in a regular search engine. It also might be useful to check out Quantpedia who has a paid collection of 100s of papers and backtests on various strategies: https://quantpedia.com/ This is not an easy path. Yes, you can get rich but you can also spend a decade and never find a profitable system. However, developing profitable strategies is a skill, just like any other -- the more time you put in the better you get. Date Time Of Last Edit: 2022-03-07 15:49:56
|
To post a message in this thread, you need to log in with your Sierra Chart account: