Said Bitar Daily Journal

[SaidBitar]

here are the new MCs from 1st Jan 2000 until 31st dec 2015 after i excluded the killer trade with 1000% return

not so tempting figures but it is good as a low risk strategy

[Nick Radge]

Remember that the Australian market has high dividends. You can add 1% – 2% to that return.

[SaidBitar]

Luck plays an important role sometimes in trading.
In July i had signal to buy NVAX for my weekly system but i did not buy it because i had 20 positions already, yesterday this stock went down 83%.Biotech stocks are like 2 edged sword can go up like crazy and go down even crazier.

[JulianCohen]

83% in a day! :sick:

[SaidBitar]

Sept 2016 performance

1- WTT +11.31%
2- MRV (AUS) -8.77%
3- MRV (US1) +6.96%
4- MRV (US2) +1.16%

[Nick Radge]

Nice effort with the WTT!

[SaidBitar]

Nick Radge wrote:

Nice effort with the WTT!

yes it is doing pretty good, these results are only the closed trades i believe i have similar figures for the open trades.

[LEONARDZIR]

Said , what does WTT stand for? Weekend trend trader?

[SaidBitar]

Len Zir wrote:

Said , what does WTT stand for? Weekend trend trader?

Yes exactly

[SaidBitar]

Since all of my systems are semi automated and with very low time/tasks required from my side, i spend my daily trading time (2 hours / day) testing ideas and trying to come up with improvements for the current systems. Since last week i decided to write my own API for TWS the reason is that i do not like to be more independent and also for the challenge of it.

Another reason for having my own API is that it can be used for long trades short trades if one day i decided to short, it can be used for all instruments. So it will give flexibility and maybe at a later stage to implement the trading system in it so i will skip the AB explore part.

So here is a bit of progress on where i am and how i am doing it:
i am using the API sample example that is provided by IB to get the logic of the process and the sequence of actions. It is very good with full capabilities the only annoying thing in it, is that it is written in a complicated way (may be this is how professionals write) so it took almost one week to digest their code and start building my own.

Where did I reach
Interface is Done
Connection to TWS is Done
Importing trades is Done
Sending them to TWS is Done

[JulianCohen]

I’m impressed

What will your API do that BatchTrader doesn’t apart from go short? Is this mainly a mental excercise for you?

[SaidBitar]

I do not know if it can do anything more since the Batch trader has everything i need.
I am using batch trader and will continue to use it because it is clean simple and working

but knowing how it works and what are the technical limitations and capabilities will help in the designing of future systems. for example now i know that i can place trailing stop using the API maybe it is useful for any type of swing trading that requires the stop to be placed in the market.

So when i started doing it was mainly for the challenge of it and in order not to play with my systems since i have the tendency to break them. Also i had an idea of making it the way of communication between AB and IB in case one day i want to switch stuff to auto- trading and get a boat and disappear in the sea for a year

[Anonymous]

great work said! i have been thinking of doing the same recently due to a reliance on BatchTrader.

have you been able to replicate all of batchtraders functionality ?

[SaidBitar]

on going baby steps

[SaidBitar]

Actually drunk steps
one forward 10 backwards

[Author]

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