This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

Dump it Here

Jump to new
That would be Nicks Daytrading system not his MR system.

Last night was a perfect daytrade bar. There have been a few so far this year. Helps to take the edge off the systems that are currently bleeding cash.

Note .... This is NOT nicks turnkey daytrade system that he sells.

 
Go back a month or so on Nick’s US intra-day and he had some big losses, which only a seasoned trader like Nick could stomach and continue on trading
 
This is a great example of faith in your systems and removing the emotion from your head when trading.

Couple of posts from Nick...check out his YTD P&L which he posted on 12 Feb. The second pic which he posted a few hours ago show he's still in the red but is clawing back a lot of his mid Feb losses.

Not many would stick with that.


 
MovingAverage said:
It's not about timing the market...it's about time in the market.
Click to expand...



12th February 2022 to 24th February 2022
Nice recovery





Skate.
 
MovingAverage said:
Open source does not equal free. You gotta pay him to get access to the source code
Click to expand...
obviously he sells this product, but...

open source
  1. denoting software for which the original source code is made freely available and may be redistributed and modified.

    i'm guessing what he actually means is the code is viewable/editable by the purchaser and not open source in the traditional meaning, better maybe to say the user can edit the code directly or something like that.
 
Understand…but Nick doesn’t subscribe to that definition. Like I said, pay him and he’ll give you the source code. His definition of open source also does not allow you to distribute your derivative works from his source code
 
Must admit I’m not up on what Nick sells as subscription and turnkey. I guess I was just highlighting that Nick’s “open source” turnkey systems are not free. Most folks automatically assume open source equals free
 
soren_lorensen said:
thanks Dave,

Do you know anything about Nick's MR system, he mentions the code is open source but i cannot find any link to the source code.
Click to expand...

As @MovingAverage says, the source code is not free.

I would definately not call it open source either because you are not allowed to share it ( you have to sign an NDA ), but you can modify it at your discretion.

For a comparison i just ran a backtest from Nicks stock code from year to date. I was interested to see how his turnkeys were travelling through this 2 month period.

$SPX ( 1/1/22 O = 4778 ... 25/2/22 C = 4384 YTD -8.24% )


Nicks MR Unmodified ( US )

Nicks DayTrade LONG Unmodified ( RUI 25% margin)

Nicks Daytrade SHORT Unmodified ( RUI 25% margin )

Nicks WTT Unmodified ( ASX )

Nicks Large Cap MOMO Unmodified ( ASX 100 ).


He publishes his long term results on his site so i won't repeat them here.

The US market is currently down 8.24% and ASX 6.5% YTD,
Discounting the 2 day trading strategies the MR is the only system holding it's head above the waterline (just), The MR's performance to date for the year is ahead of the 2 trend following/momentum systems which isn't surprising given the market. It is also beating his premium portfolio, ASX momo and US momo.

BUT ....... We are looking at a particular point in time with a specific set of conditions. For long term performance through broader market conditions you really should go to his site and study the results of his systems over a longer time period, they're all freely available.

*** Daytrading strategies should be discounted because they are NOT something that come ready to run out of a box.

I am NOT advocating Nicks systems. I don't run any of them and i don't think Nick does either, at least not in their turnkey form.
 
DaveDaGr8 said:
For a comparison i just ran a backtest from Nicks stock code from year to date.
Click to expand...

@DaveDaGr8 that's an excellent post with great content for a short evaluation of Nick's turnkey strategies. If it's not too much trouble would you also do the same comparison with a backtest period of (365-days) & two years backtest?

So the backtest is not cherry-picked - the one & two years backtest should start & conclude with the 28th February. Doing so allows others & myself to evaluate professionally written code in relation to their own efforts.

Skate.
 
DaveDaGr8 said:
Daytrading strategies should be discounted because they are NOT something that come ready to run out of a box.

I am NOT advocating Nicks systems. I don't run any of them and i don't think Nick does either, at least not in their turnkey form.
Click to expand...
Thank you for running those comparisons on the 2/12/24 month backtests.

The performance of the US LONG daytrade is very solid from what i can see here.

What do you mean the daytrading strategies should be discounted ... "they are NOT something that come ready to run out of a box" d'you mean the chartist api also needs to be purchased or do you mean something else ??

Yes i see this often, individuals not advocating for turnkey code defaults, i guess most purchasers tweak to avoid anyone gaming the signals; i know Nick also has mentioned he has his own tweaks on these, so it's essentially purchasing a broad canvass on a trading approach from which each individual can tweak for their own needs.
 
Yes the US DT is a rock solid performer and it can be tweaked a bit.

The majority of people here don't talk about them and don't seem interested in them.

Yes you need to setup a whole infrastructure framework. IB, an API, Norgate, amibroker all built in a custom VPS. Nick has posted a video on it with some pretty simple go to instructions.

I spend almost NO time anymore looking at the mechanics of daytrading, it's mostly all automated. I could walk out on Monday and come back on Friday and hopefully it's still ticking away.

What i spend my time doing is looking at the reports of anomalies if there are any, then tracing and downloading minute or tick data and piecing together WHY something didn't work the way it should have.

The other thing i do is look at potential flaws and weaknesses that can break and take down the system ? when will i get hacked ? how can i slow down a hacker ? Having a system online 24/7 exposes you to the world.

To be honest that's just looking at the rabbit hole. Once you fall in it you'll realise just how deep it goes.

Just to reiterate .... I DON'T run Nicks daytrading strategy or any of the other turnkey strategies.
 
You must log in or register to reply here.

Similar threads

R
My strategy/plan going forward
2
Replies
38
Views
2K
RbNEO
R
Very nice Rain here today
4 5 6
Replies
105
Views
5K
farmerge
  • Poll
Financial Independence (Home Ownership, Super, Long Retirement) not possible for wage earners: What do we need and how do we get it?
11 12 13
Replies
258
Views
21K
Smurf1976
November 2024 DDD
2 3
Replies
53
Views
6K
ducati916
Ozempic: Magic Pill or Devils Bargain?
Replies
10
Views
2K
sptrawler
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...