qldfrog weekly Skate inspired system

[willoneau]

I was able to close the rest of my sell orders as per weekly system today.

 

[qldfrog]

Good for you.Save a few hundredsAs long as past experience is not taken as indicative of future.
Crashes do happen.a Tuesday start week would have been great this time

 

[myrtie100]

Good for you.Save a few hundredsAs long as past experience is not taken as indicative of future.
Crashes do happen.a Tuesday start week would have been great this time

Yeah!
This time round......
(the Tuesday start bit)

 

[willoneau]

Good for you.Save a few hundredsAs long as past experience is not taken as indicative of future.
Crashes do happen.a Tuesday start week would have been great this time

I had put my orders in on Monday and left them in until filled today.

 

[willoneau]

Are we going to see more of these sudden moves with automated systems being used a lot more?

 

[willoneau]

I did read the 87 crash was such that price opened way lower and no type of stop would have helped.

 

[willoneau]

Systems automatically use the open when back testing, how do you keep your system close to that if unable to be around at open or if it moves away too quickly to be filled?

 

[qldfrog]

Indeed SL work well in theory but when daily trading i often got bypassed by fast falling prices

 

[qldfrog]

Day trading as daily system..not a great success for me..

 

[willoneau]

Skate uses pre-open and 3% limit, I wonder how he faired?

 

[willoneau]

Day trading as daily system..not a great success for me..

I too have found daily too hard with so much noise.

 

[qldfrog]

Systems automatically use the open when back testing, how do you keep your system close to that if unable to be around at open or if it moves away too quickly to be filled?

That's part of the chase or difference between real world and backtest
Not too much of a trouble usually if you give yourself a 2 to 3 pc margin for safety but not good enough for crashes

 

[willoneau]

Indeed SL work well in theory but when daily trading i often got bypassed by fast falling prices

how much of a limit were you using?

 

[willoneau]

That's part of the chase or difference between real world and backtest
Not too much of a trouble usually if you give yourself a 2 to 3 pc margin for safety but not good enough for crashes

So do you use say a 3% limit on close price ?

 

[qldfrog]

So do you use say a 3% limit on close price ?

Yes something like that.but will fails on times like yesterday....
But in usual day to day, pretty reliable

 

[qldfrog]

how much of a limit were you using?

Not really relevant , was 8 to 20ish percent from history high so by the time they triggered, they could be far or near open price...i hope i am clear?not confusing you..

 

[willoneau]

Am thinking that using a entry/exit limit of say 3% would theoretically reduce results compaired to backtest of 6%.

 

[qldfrog]

yes

Am thinking that using a entry/exit limit of say 3% would theoretically reduce results compaired to backtest of 6%.

, in the real world I do not have 6% slippage vs open, most of times it is open price unless I need to get cash and then order my buys chronologically after my sell;
in any case, not much of an impact vs backtest

 

[myrtie100]

Monday morning was a bit hectic for my manual system - I had 16 sells and 8 buys, but the buys needed to wait for the funds from the sells

My systems says sell at the opening price, so that is what I intended to do.
I had loaded all my sell orders in on Friday, closing price less 3%.
But realizing that the market would gap on open on Monday - I set the alarm for 6am (I'm in Perth)
and went about monitoring all the indicative prices in alphabetical order and adjusted any I needed to.
It was a bit repetative, but it worked and I got all the opening prices.
For the buys I had them all ready to go in separate windows, so that was just a matter of pressing a button once the sell funds had hit my account.

And of course, in hindsight - I would have been better off leaving the orders alone and waiting for the bounce. Except that the bounce may not have happened.

Not to mention my rules are my rules.....

 

[qldfrog]

I think this is the way to go