[TrentRothall]

Julian Cohen wrote:

This podcast should probably be compulsory listening

http://www.toptradersunplugged.com/top-traders-round-table-dennis-proctor-parker-07/

Nice, just started reading ‘the complete turtle trader’ again

[TrentRothall]

Hi Josh

Check out – https://www.macquarie.com.au/dafiles/Internet/mgl/au/advisers/products-platforms/wrap-tax/docs/w8ben-guide-entity.pdf

i think i used this to help me and as far as i’m aware i did it correctly. I believe we’re a Passive NFFE.

Disclosure – i’m definitely no expert…

[TrentRothall]

i was average – 68 i think

[TrentRothall]

Looks familiar!

[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

[TrentRothall]

Nice work. You’re flying Miguel!

[TrentRothall]

March

MR1 = 1.36%
MR2 = -0.4%

[TrentRothall]

Boom! Nice one

[TrentRothall]

Is the only difference between LIT and LMT orders that a LMT order is sent to the exchange once submitted on tws where a LIT is only sent to the exchange once price trades at the limit?

[TrentRothall]

As Said said it’s difficult. I have a N-day exit in mine and just change it to 1 day to try to capture most signals, rather than accumulating open positions over a week or so. That give you a idea any way.

I find it’s good to set your starting capital to a stupid amount like 10,000,000,000 then 500 or so max positions with 10k per position. Run the system with normal rules then you can get an idea on how every signal stacks up. win %, P/L, etc. Not just the ones a regular backtest or MCS will capture

Nothing perfect in the end, just need some confidence in it

[TrentRothall]

Like Nick said, I was exiting via SMART then for some reason the open was delayed and got routed via Chi-x and filled 10% below the actual official open.

Live and learn

[TrentRothall]

Scott McNab wrote:

Interesting….I have thought the same thing Trent. One really rough rule of thumb I have found is that when I tested those days where possible buys far exceeded available positions, the live results have consistently (in all of the half dozen times…hah) been about 1% worse than the backtest result for that day….so if were 12 instances in the year when this occurred, then I subtract 12% from the CAR…if it occurred twice a month then thats a deduction of 24% !!

last night was a good example….lost 1.5%…turns out when I tested it a few minutes ago there were 70 possible buy signals …when ran backtest over the day 1000 times (with positionscore set to random) the possible outcomes ranged between -0.11% up to -1.6%…with an average about -0.6%

not sure if that helps Trent but I have used that rough rule to help me (grudgingly) face the reality that I don’t really want to confront (ie my beloved system is really a dog)

Cheers Scott, that is interesting with those results.

Even if it is only half or a quarter as bad as your observations then that’s a decent wack!

I know the feeling!

[TrentRothall]

I got lucky today… I somehow entered the trades from system 2 into system 1 as well, so i’d doubled up. Today isn’t the type of day you want double the position size.. But luckily none of the 10 orders triggered so all is well. I just missed two trades from system 1

[TrentRothall]

I am no expert obviously, but i tend to agree. The only thing is the minimum MCS in the first run was higher than the Top of the second..

[TrentRothall]

Ouch! Are you running 4:1 leverage in your MOC Said?

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