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The last few weeks have been head down bum up in research.
For some strange reason my AB settings changed without my input. It happened on both computers running AB, which cost me additional time to rerun some tests. Can only assume it happened because of a windows update when AB was open…..very annoying but the word doc I have with the default settings saved the day.
Was running day trade @ 80% capacity as I wasn’t happy with one of the systems. Have tried to come up with ideas and haven’t found anything satisfactory (yet). In the meantime, I am running at 100% capacity by doubling the capital in one of the lower leverage systems. That way, if it takes 6 months to come up with an idea it won’t matter so much.
I have also been challenging myself to think beyond what I currently know.
As an example, and this will sound completely rookie to some of you, I did not know you could take the stretch beyond 1
…… so now I test all systems at the 0.2 – 1.4 stretch range. Glens idea about the dynamic stretch also made me see new ways of thinking….
My goal is to create a R1000 & R2000 using indicators that are completely different to what I have in my other systems. At this stage I have a huge grave yard and a bunch of ideas I don’t like, which is why I am now looking at how I am thinking …..
In the MOC thread by Julian, I noticed Glen and Slades backtested results were an improvement on what I am currently getting in my own backtests. Trying to find the balance between pushing myself to create better results, whilst also not getting into a state of FOMO or comparison, because each traders journey is their own. Plus you never know the ins and outs of someone elses strategy unless you have all the data.
Its been a fun process and there is much more work to come yet! Another goal is to improve my coding.
Again, this will sound completely rookie to some of you … but for me, putting Slades code into my own systems and coding it up correctly was quite a challenge. Would have taken Craig two seconds to get it done
, but after 15 minutes of thinking and some research into what some of the code meant, I was able to get it done and test it successfully. For me, a huge achievement, due to having no background in coding as of last year.Happy trading everyone !
Trent Rothall post=13253 userid=3988 wrote:Have you read Atomic Habits Kate?It’s similar to the Demartini books. You might like it if you haven’t read it yet.
Haven’t read it yet, will put it on the list, thanks Trent.
Re read the weekend trend trader today. The author seems to think he knows what hes doing ….
Have been in the US a few weeks, returning to Australia mid September.
Will add EOM numbers soon.
Have continued to trade the MOC systems whilst here and its been relatively easy. Usually my husband drives whilst I upload the orders. Because we are here for 5 weeks I chose to continue operating the trading business. If it was a 1-2 week trip I probably wouldn’t have traded.
Being in the US has made me grateful to be an Australian trading the US markets. We really have it easy in the sense that we sleep through the session and have no choice but to accept the outcome when we wake up, and then get on with our day.
My #2 MOC strategy reached maxDD in June. July recovered out of that MaxDD from 35% to 28%. Currently retesting the maxDD again in the last trading week. Because of all the research and testing in June (thanks Nick for the tips), I have mentally been on my game and continued trading through it.
If I want to be a successful trader, I must also be willing to deal with the pain and challenges that come with trading (eg max DD / extended DD). If I am not willing to deal with the challenges and the pain, then I am either in the wrong game or I have an unrealistic fantasy about trading.
Most of the August DD was attributed to a R2000 system that copped a few trades (eg CAL) that dropped over 10% in the trading session. The cool thing is, with position sizing, whilst the loss on the position was high, the overall system loss for the day was minimal. One day I lost -11% on a trade yet the system loss for the day was only -1.48%.
Whilst its been a challenging year trading so far, I am grateful that the systems/testing etc that we have learnt here has kept us in the game – emotionally and financially
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