Same Day Trading Idea Discussed on the Group Call

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June 28, 2016 at 4:49 am #101535

JulianCohen
Participant

Following on from the idea Said discussed yesterday about closing all positions on the same day as entry…Do you have to change any settings to

SetOption(“AccountMargin”,50);

Will this setting allow for the four times margin you are allowed on the US markets if exiting the same day?

Also are you allowed 4x margin on the Oz markets too?

June 28, 2016 at 5:02 am #104470

TrentRothall
Participant

Julian Cohen wrote:

Following on from the idea Said discussed yesterday about closing all positions on the same day as entry…Do you have to change any settings to

SetOption(“AccountMargin”,50);

Will this setting allow for the four times margin you are allowed on the US markets if exiting the same day?

Also are you allowed 4x margin on the Oz markets too?

I think it will need to be 25 not 50. ie. if you have 25k you can trade with 100k.

I thought you had access to 20% LVR in the US during the day?

You can delete that line and adjust it in settings too, but you need to remember to adjust it

June 28, 2016 at 5:39 am #104471

LeeDanello
Participant

From my understanding that option you 2:1 leverage. I’m not sure you can use leverage on the ASX.

June 28, 2016 at 5:48 am #104488

TrentRothall
Participant

https://www.interactivebrokers.com.au/en/index.php?f=marginnew&p=stk you can get 25% on the US but 2:1 overnight

I think it may be the same in Aus but not for all stocks, you can get 2:1 leverage on the asx and i know during the day its more but not sure of exact amount. The comms kill this style in aus i would think

June 28, 2016 at 5:57 am #104489

JulianCohen
Participant

Trent Rothall wrote:

https://www.interactivebrokers.com.au/en/index.php?f=marginnew&p=stk you can get 25% on the US but 2:1 overnight

I think it may be the same in Aus but not for all stocks, you can get 2:1 leverage on the asx and i know during the day its more but not sure of exact amount. The comms kill this style in aus i would think

I haven’t tested it on the AUS yet. I’m sure I will wince when I see the bro bill :sick:

June 28, 2016 at 8:50 am #104491

SaidBitar
Member

Set it to 25

And you can control the exposure from position size
20×20
20×10
40×10
..

June 28, 2016 at 8:59 am #104492

SaidBitar
Member

BTW I tested yesterday the idea of two exits if the index filter is up then exit on the second day else exit on the close . It is good idea deeper dd but in general it is good.

Yesterday I had almost 5% loss :unsure: so I also checked if this is aligned with my backtest or not I found out the daily returns of the backtest are between -5% and 10%

So it is still in the range but at the extreme limits

June 28, 2016 at 9:46 am #104493

ChrisVirides
Member

said, was this based on 20 @ 20%??

June 28, 2016 at 9:51 am #104494

JulianCohen
Participant

Said Bitar wrote:

BTW I tested yesterday the idea of two exits if the index filter is up then exit on the second day else exit on the close . It is good idea deeper dd but in general it is good.

Yesterday I had almost 5% loss :unsure: so I also checked if this is aligned with my backtest or not I found out the daily returns of the backtest are between -5% and 10%

So it is still in the range but at the extreme limits

I really like the idea of changing things dependent upon the Index filter. I’m sure there’s a lot of things we can try….some of them might even be useful

June 28, 2016 at 9:57 am #104495

JulianCohen
Participant

Said Bitar wrote:

Yesterday I had almost 5% loss :unsure: so I also checked if this is aligned with my backtest or not I found out the daily returns of the backtest are between -5% and 10%

So it is still in the range but at the extreme limits

Isn’t it amazing how the backtesting shows you could have -5 to +10% on yesterday’s move and yet you uncannily manage to hit the worst! That’s trading for you

June 28, 2016 at 10:00 am #104496

SaidBitar
Member

Julian Cohen wrote:

Said Bitar wrote:

Yesterday I had almost 5% loss :unsure: so I also checked if this is aligned with my backtest or not I found out the daily returns of the backtest are between -5% and 10%

So it is still in the range but at the extreme limits

Isn’t it amazing how the backtesting shows you could have -5 to +10% on yesterday’s move and yet you uncannily manage to hit the worst! That’s trading for you

hahaha

not for yesterday but for the period between 2000 and 2015.

So i checked the ROC of ~~~ Equity on daily basis after i ran the backtest on the whole duration and i came up with this range

June 28, 2016 at 10:12 am #104497

SaidBitar
Member

This is what i am talking about

June 28, 2016 at 10:14 am #104472

ScottMcNab
Participant

Are you using Batch Trader API to manage the entries for your MRV Said? I am wondering if you would need a new API to be able to exit on the same day as entry ?
Thanks
Scott

June 28, 2016 at 10:18 am #104498

SaidBitar
Member

I am using Batch trader for entry for exit i am putting the orders manually.

Note that i am still verifying the process and the way the system works this is why i did not even think about automating the exits

June 28, 2016 at 10:24 am #104473

ScottMcNab
Participant

I just tested it on my MRV…CAR stayed about the same but maxDD dropped…a lot. Fantastic outcome…will go and test further. Thanks again for sharing Said.
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