Graybox Trading , System Trading
If you use Tradestation, you have access to a very powerful trade tracking technology: you can use the Tradestation TradeManager Analysis app to generate a Tradestation Performance Summary report for your real money discretionary and system trading returns– and you can even filter to specific accounts and symbols. Some people have reported problems with the […]
Continue readingSystem Trading , Trader's Mindset
In my last post, I shared the importance of a balance among market focus, strategy focus, and tactical focus. In this post, I consider the relationship between risk and alpha because profit is the result of the risk taken and the trading edge. One source of trading profit is the alpha or the edge. In […]
Continue readingSystem Trading , Trader's Mindset
In my experience trading futures, I have found that most damaging losses are caused by taking consecutive losing trades, i.e. runs of losing trades or correlated loses. In this post, I share 2 simple methods and 1 advanced method to avoid consecutive losses which can be applied to your trading systems and discretionary trading. The […]
Continue readingBelow I briefly review the most popular trading platforms available for active futures traders. Right now, I think NinjaTrader and Tradestation are still the leaders but both platforms still have very basic problems and need significant improvement. NinjaTrader A powerful all-around platform for both system and discretionary traders with many annoying rough edges. This is […]
Continue readingSystem Trading , Trader's Mindset
In this brief post, I wanted to share why there is a real need for my Quantitative Collaborative program. Briefly, the Quantitative Collaborative is a next-generation real-time collaborative effort to build trading systems and an in-depth course on building trading systems, it is packed with worksheets, narrated screen captures, source code, and trading systems. In […]
Continue readingSystem Trading , Trader's Mindset
The first question you must ask is why did I pick 165k per year as the goal for annual trading income? Why did I not pick the median of 55k per year or a bigger juicer number like 1 million or even 2 million? The reason I picked 165k/year trading is that most incomes, regardless […]
Continue readingGraybox Trading , System Trading
I have keyed on two critical concepts for trading: 1. Environment is paramount to success. Trading requires sustained effort.2. A real, quantitative, edge helps with preservation of psychological capital and helps refine, focus, and scale. Toward that, I am offering the Quantitative Collaborative workspace where I share my actual strategies, source code, graybox strategies, and […]
Continue readingAlgorithmic systems are based on backtest. However, changes can impact the market such as when the market changed to trading in fractions to decimals. Recently we have had several changes that theoretically could impact any trading systems: Micro contracts were released by the CME for many popular products. Before the micros, small traders were forced […]
Continue readingIn a recent post, I shared that risk measures are only useful provided all else is kept equal– which is practically never the case. It is one reason some naive traders may overestimate their performance. The fact an independent trader might make 50% in a year does not mean that they are trading better than […]
Continue readingI recommend that if you are running strategies in NinjaTrader 8 to keep the Strategies tab open and visible on the screen at all times. You can use the tab to re-enable strategies including BeyondBot if they were inadvertently disabled:
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