Said Bitar Daily Journal

[SaidBitar]

the VPS decided to restart :sick:
the good thing is that tonight is a calm night not many trades so it is easy to manage manually

I have to solve this problem

[TrentRothall]

make sure their server auto update is on manual, i haven’t had a issue since they changed it

I contacted them via a support ticket and they did it

[JulianCohen]

Since I switched to Speedy my server has been on full time with no problem.

[SaidBitar]

Week starting with Trend filters down on US WTT so i have one exit and the same for US MRV so no entries for today

Beginning of the month i purchased the Forex data from Norgate (EOD) and started playing around with them.
It took around 1 week to put the correct settings in Amibroker to trade FX and some days to understand that position sizing in FX is important and not as simple as Stocks then testing started.

Till now nothing successful but the more I test the more i like the simplicity of stocks. The thing is that i can see the trends but I cannot catch them

Most probably i have to start thinking a bit different maybe earlier entries and earlier exits will do the job. Anyhow it is ongoing process …

[Nick Radge]

The only success I have ever had with FX (and granted I haven’t done much research for years) is trading the 5 main pairs with trend following.

[SaidBitar]

April 2017

Group #1
US MRV +1.15%
US MOC1 +1.83%
ASX MOC +1.37%
TOTAL +3.11%

Group #2
ASX MRV1 -1.99%
ASX MRV2 +1.81%
US MOC2 +0.57%
US MOC3 +0.02%
TOTAL +0.87%

Group #3
US WTT (Closed) +0.99%
(Open and Closed) +1.08%

All Accounts +1.41%

After the group call I decided not to wait any more for starting the Momentum strategy so i applied for new account with IB and now waiting for it to be ready I hope it will be ready Monday before the open.
I will reduce the capital for the short term to start the Momentum strategy and later i will add some more funds for all of them

[ScottMcNab]

How is the Fx going Said ? A few podcasts I have heard recently have been pushing mean reversion strategies with pullbacks in a longer term uptrend…any luck with the MRV strategies you posted on stocks (lowest close in 5 days etc) ? I imagine the time selected for start/end of day could have quite an impact ?

[SaidBitar]

Honestly recently i was not testing anything, but soon i will start testing again.
the thing with FX is that when you look at the graph you can see all when you write the strategy you got weird results. I have to test things again but this time I have to introduce Stop Loss and Profit targets but it will be a bit risky since testing intraday actions (SL/PT) with daily bars. I will update you if I find anything interesting.

[ScottMcNab]

Thanks Said. I am intrigued that you are exploring that area. The liquidity seems attractive but the potential for large moves following announcements from central banks appears equally frightening. Interestingly, again referring back to the podcasts, most of them seem to be scalping with a stop loss much larger than their profit target. If the trade goes against them they seem to open a hedge in the opposite direction to then wait for the trade to turn around.

[SaidBitar]

some observations i noticed in this week
that almost everyday the S&P500 is going up quite decent percentages (0.3~0.7%) but my TF/Momentum are doing nothing either make small money or lose small money.
as if the market is having fake move i mean moving up but with no momentum

Beginning of the year the S&P500 was moving the same but stocks were making new highs everyday
maybe it is just my portfolio but this is what i noticed

[Nick Radge]

It’s a sector rotation, so stocks that had been driving the gains are now being offloaded and that money is moving into other stocks. Your portfolio will follow in due course.

[LEONARDZIR]

Said, just read that the top 15 stocks in the sp500 account for more than 1/2 of the sp 500 gains this year. Big cap tech like amazon, apple, google, Microsoft are driving the us market so extremely narrow advance.

[SaidBitar]

Came across this page today:
http://www.confessionsofatrader.com/

i read all of it (OK it is tiny) full with sad stories but it made me think how good is to be mechanical trader. No emotions no feelings no doubting nothing stocks are only letters and P&L is only number.
Ok i admit that still positive P&L draws a smile on my face but nothing more.

[JulianCohen]

I couldn’t read it all. Too depressing!

[SaidBitar]

May 2017

Account 1
US MRV = -2.79%
SP500 MOC = -4.32%
ASX MOC = -0.12%
Acct 1 Total = -5.01%

Account 2
ASX MRV1 = -0.84%
ASX MRV2 = +0.61%
SP1500 MOC = -0.86%
R1000 MOC = -0.27%
Acct 2 Total = -1.27%

Account 3
US WTT (Closed Positions) = -2.32%
US WTT (Open & Closed Post.) = -1.18%

Account 4
US MOMO (Open & CLosed Post.) = +0.15%

All Accounts = -2.14%

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