CanOz's intermittent and sporadic trades

[CanOz]

Copper is headed towards an abyss

 

[CanOz]

The Abyss has been entered....target 2.86

 

[CanOz]

The Order Flow bot on the HSI today live (sim acct). I think i'd need to be collocated to get decent fills.

Tomorrow we'll be adding a filter based on activity in order to weed out poor trades in quiet times and maybe even reduce the need for multiple sessions.

 

[Roller_1]

Have you traded any of these systems live that you've had developed over the last few years CanOz? If so how have they gone?

 

[CanOz]

Have you traded any of these systems live that you've had developed over the last few years CanOz? If so how have they gone?

No, unfortunately I've always just stuck to trading discretionary because Ninja-trader wasn't cut out to handle intraday systems. I literally spent thousands and thousands on coding only to either lose it all or continually have issues with Ninjas stability. Now that I switched to Sierra chart i have been able to do many more things from a tick/flow point of view. Basically coding what i see on the DOM. Sierra can handle this easily and doesn't crash. Also, the developer i'm using is cheaper than Ninja and his turn around time is amazing. Having data for the HKEX is great too and its all supported by my SMSF broker. I plan to get this into a Machine Learning program at some stage and try to have it improve itself.

Having a stellar afternoon as well. Its a bit of an outlier of a day...

 

[CanOz]

Got to finish up for the day, here are the stats for today's run....I'll run it over last month and i'm sure it will fall apart on rotational days.

 

[CanOz]

An idea of what today was like on Honkers....

 

[peter2]

Good call on copper, it's into the abyss and still falling.

 

[CanOz]

My Algorithm has entered the 7th iteration now and i am now able to select ranges to trade in. For example if i prefer to trade the extremes of the prior days range rather than get caught in the chop of balance i can select the range to take the signals in. I can then set a threshold for the pace of trades so that i don't get caught in slow choppy markets. I'm something similar coded now so it will be easier to test, a context filter if you will.

 

[CanOz]

Anticipating a tight range today, we've got this Bot setup to trade longs above 12590 and shorts below 12484

 

[Roller_1]

Are you going to try and eventually get set up so your are not having any discretionary input into where/when your system is trading Canoz?

 

[CanOz]

Yeah that's the plan. Trying to quantify the context is challenging. I will say though that Sierra chart has many standard features that assist this process. Much of what I've done so far is built into Sierra already...

I started this process of more frequent systematic trading because i just don't have the time to sit in front of the screen and trade order flow. Hopefully, at least i'll be able to quantify a standard way of trading with auction market theory at the least.

 

[scholesy]

Probably there will be ease of movement in low volume areas, but that's way too hard to determine from a VAP chart. There's just too many places you can set the interval, and when you change the interval, the whole landscape changes. Personally I can't find a use for volume at price style charts.

Try doing volume profiles as the following:
1. The last 4 hours
2. The whole trading session
3. The last two trading sessions
4. The whole week
5. The last 2 weeks
6. The month
Etc

Then compare them by looking at High Volume Nodes and Low Volume Nodes. You will see how much confluence there is between the volume profiles across different time frames.

 

[scholesy]

An idea of what today was like on Honkers....

Really interesting stuff! What are the bands?

 

[CanOz]

I have the bands there as another filter, I don’t use them though.

 

[CanOz]

Anticipating a tight range today, we've got this Bot setup to trade longs above 12590 and shorts below 12484View attachment 88238

I'm not in this but have a look at that for a level....12590

 

[CanOz]

Todays HSI action was tempered by a large gap down...nonetheless we carved out some points on our walk forward. Lesson on large gaps down, get involved early, larger initial stop and tight trail...pace of trade critial to reduce churn.

 

[scholesy]

Jeez, that's quite a bit of dough!!

 

[CanOz]

Hkd scholesy!

 

[scholesy]

Oh lol! Still pretty impressive nonetheless