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A well-behaved automated system

  • #21
  • Aug 15, 2014 11:17am Aug 15, 2014 11:17am
Quoting Jgcole83
{quote} I can demonstrate several systems that will have better statistics than your system in back testing, but when using them in real time they fail to produce the same results. Back testing is unreliable with several different things.
And???
You have a good, profitable, system? Congratulations.
Better than mine? No wonder, my systems are not clearly positive.

jgcole83, what's your point?

t.
  • #22
  • Aug 15, 2014 11:25am Aug 15, 2014 11:25am
Quoting tacticat
{quote} And??? You have a good, profitable, system? Congratulations. Better than mine? No wonder, my systems are not clearly positive. jgcole83, what's your point? t.
Mehhhh.... You didn't read my post very clearly. That system is only profitable in back testing not real life.
"A true speculator tries the market small." - Jesse Livermore
  • #23
  • Aug 15, 2014 11:31am Aug 15, 2014 11:31am
Quoting Jgcole83
{quote} Mehhhh.... You didn't read my post very clearly. That system is only profitable in back testing not real life.
Sorry, you're right. Bad luck my friend

Well, that happens with some systems, right?. A well-behaved system shouldn't have that problem as it's coded 'safely' to avoid that type of problems. The systems I code are difficult to backtest, in fact backtest is only used to verify the code is doing what we expect from them.

The results published in R1 trade-explorer and the graphs I posted in this thread are for a candidate system. It is a real account, real money, no backtest.

t.
  • #24
  • Aug 15, 2014 12:01pm Aug 15, 2014 12:01pm
Quoting tacticat
{quote} Sorry, you're right. Bad luck my friend Well, that happens with some systems, right?. A well-behaved system shouldn't have that problem as it's coded 'safely' to avoid that type of problems. The systems I code are difficult to backtest, in fact backtest is only used to verify the code is doing what we expect from them. The results published in R1 trade-explorer and the graphs I posted in this thread are...
Thanks. My point was that automated systems are tricky and not for the average person.
"A true speculator tries the market small." - Jesse Livermore
  • #25
  • Last Post: Aug 15, 2014 12:16pm Aug 15, 2014 12:16pm
Quoting Jgcole83
{quote} Thanks. My point was that automated systems are tricky and not for the average person.
Trading is not for the average person!
I know some traders are successful to the extent of making a decent living of it. They are not average, sure.
There probably exist some traders that become very rich with their trading, I don't know them but I hope it is possible.

Creating a good automated system requires a mix of skills that is no average. Is it more or less difficult than being a successful trader? No idea. But obviously not for the average guy.

Now, once you've got an EA that performs then I don't see why it cannot be used by the average person. I know some 'traders' using martingale EAs and doing much better than the average (probably because those who blew the account are not longer trading ).

t.
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