Julian’s Journal

[LeeDanello]

Nick Radge wrote:

A metric that I find very useful and rarely used is Profit Factor. Profit Factor measures the difficulty to trade the strategy. Anything under 1.5 in my view is probably a very difficult ask for most traders.

You say that a profit factor under 1.5 is a very difficult ask. What is an acceptable profit factor?

[ScottMcNab]

Maurice Petterlin wrote:

Nick Radge wrote:

A metric that I find very useful and rarely used is Profit Factor. Profit Factor measures the difficulty to trade the strategy. Anything under 1.5 in my view is probably a very difficult ask for most traders.

You say that a profit factor under 1.5 is a very difficult ask. What is an acceptable profit factor?

1.5

[JulianCohen]

Scott McNab wrote:

Maurice Petterlin wrote:

Nick Radge wrote:

A metric that I find very useful and rarely used is Profit Factor. Profit Factor measures the difficulty to trade the strategy. Anything under 1.5 in my view is probably a very difficult ask for most traders.

You say that a profit factor under 1.5 is a very difficult ask. What is an acceptable profit factor?

1.5

😆 😆 😆

[LeeDanello]

Slightly less difficult!

[JulianCohen]

Update:

The API adaption seems to have a bug so I sent it back to the developer and I’ll wait for the bug fix.

Try again on Monday….avaniceweeknd

[Nick Radge]

What happened?

[JulianCohen]

Nick Radge wrote:

What happened?

This is my position screen when I woke up this morning.

I appear to be net short of a few stocks. two worked correctly. It could be a timing thing as the two that worked are listed in deals done 2 days ago, but the incorrect ones are listed as 1 day ago.

When I looked before I went to bed it appeared to be OK but I didn’t check the portfolio page in TWS so I can’t be sure. Batch trader showed the buys as placed and the MOC orders issued.

[Anonymous]

Julian Cohen wrote:

…I appear to be net short of a few stocks

[JulianCohen]

Ha Ha Ha!!

Actually I have just gone back into TWS and I think I have been reading the reports incorrectly. I think it is because my computer is set to Sydney time and so when the clock rolls over midnight the reports containing the trade information spread over two days. When I imported them all into STT I’m all balanced and up 1.1%

Hoorah!!

[Anonymous]

Great start Julian! Some might say next 1000 trades… but thats only about 1 month of trading for your system :woohoo: next 10,000 trades

[JulianCohen]

Darryl Vink wrote:

Great start Julian! Some might say next 1000 trades… but thats only about 1 month of trading for your system :woohoo: next 10,000 trades

For those interested in the stats I had 12 trades filled from 136 placed.

[JulianCohen]

Here’s a trap for new players!

I tried to place live orders for the first time today for my momentum system but TWS kept telling me I had no funds even though there was plenty in the account. Turns out my funds are in SGD and I was placing AUD orders so needed AUD in the account. Probably says that somewhere in the manual but who reads that

[ScottMcNab]

went searching after reading your post…this video was helpful

http://ibkb.interactivebrokers.com/video/1172

[Anonymous]

interesting… :dry: so if im only planning on trading the US market for now i should probably convert my AUD to USD to avoid margin fees / lending costs ?

[JulianCohen]

Darryl Vink wrote:

interesting… :dry: so if im only planning on trading the US market for now i should probably convert my AUD to USD to avoid margin fees / lending costs ?

I don’t think it will let you place any orders in US markets if you are only holding AUD. I tried and tried but it wouldn’t accept the order. I just switched some funds into US$ and A$ so I’m sorted now. Well until something goes wrong tomorrow that is

[Author]

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