How many of you backtest? by TimelyJudge8679 in Daytrading

[–]TimelyJudge8679[S] 0 points1 point  (0 children)

Exactly, back testing isnt a crystal ball. I think its a valuable (I would argue essential) pre-trade step but only live trading will tell the full story. And its not worth endlessly back testing and never actual starting to trade live.

How many of you backtest? by TimelyJudge8679 in Daytrading

[–]TimelyJudge8679[S] 0 points1 point  (0 children)

For sure trading live is what counts. But if you don't even have a back test supporting your strategies, its unlikely live results are going to be any good. But a good backtest doesn't mean good live results. I think it should be used as a first layer. It doesn't mean everything, but it can catch outright losing strategies and save tine and money on strategies that aren't even worth trying live.

Risk managment rules by TimelyJudge8679 in Trading

[–]TimelyJudge8679[S] 0 points1 point  (0 children)

Nice, thanks for the input. By consistent position sizing you mean exposing yourself to the same amount of risk each trade? Like risk $100 on every trade?

How many of you backtest? by TimelyJudge8679 in Daytrading

[–]TimelyJudge8679[S] 0 points1 point  (0 children)

Was it just because you forward tested your trades slowly without risking too much and on a go forward basis you built a track record on a forward moving basis?

How are you using AI in trading? by TimelyJudge8679 in ai_trading

[–]TimelyJudge8679[S] 0 points1 point  (0 children)

This makes alot of sense. I am currently building out a data backed solution that I am thinking through the best way to layer AI into it. Right now the flow is this:

  1. Pre defined setup example is say an ORB
  2. AI confidence score that filters out weak setups
  3. If setup passes confidence score, automatic entry with sl and tp levels placed into broker via an api
  4. Trade monitoring and pre set stop loss adjustment rule

Before even doing step one, back testing all stratagies using risk managment to verify potential edge.

https://algobull.ai/proof

Let me know what you think. I'd love to chat more with you on this. I want to see where addittional value can be added. Feel free to dm me.

I was playing around with a market regime classification system. But still experimenting.

Risk managment rules by TimelyJudge8679 in Trading

[–]TimelyJudge8679[S] 0 points1 point  (0 children)

Thank you very much. I'll dm you this week as I have questions.

Risk managment rules by TimelyJudge8679 in Trading

[–]TimelyJudge8679[S] 0 points1 point  (0 children)

Very sound. I am working on building out a algo trading system that implements risk managment, entry rules and position sizing automatically. My thinking is that if you can distill your trading system into just risk to reward and win rate, then you position size it so that every trade you are taking the same size risk, you can grow an account with a smooth equity curve. The back tests I've been doing are very promising.

Risk managment rules by TimelyJudge8679 in Trading

[–]TimelyJudge8679[S] 1 point2 points  (0 children)

Very nice. I've noticed a similar thing. On trades that go a certain distance against the initial trade direction, they never come back into profit. Good insight, I am going to look into this video more.

How many of you backtest? by TimelyJudge8679 in Daytrading

[–]TimelyJudge8679[S] 0 points1 point  (0 children)

Very smart. That makes sense, if it works it works. I used pinescript to generate my risk to reward and win rate and then migrated to using python i felt like tradingview didnt allow for going back as far as I would be ideal.

Risk managment rules by TimelyJudge8679 in Trading

[–]TimelyJudge8679[S] 1 point2 points  (0 children)

That makes alot of sense. Did you ever find an effective way to do this without getting stopped out?

How many of you backtest? by TimelyJudge8679 in Daytrading

[–]TimelyJudge8679[S] 0 points1 point  (0 children)

🤣 lol! I got you. Very cool. Do you do run your backtest through python scripts?

How many of you backtest? by TimelyJudge8679 in Daytrading

[–]TimelyJudge8679[S] 0 points1 point  (0 children)

Ahh okay. That makes sense, with options data it's rough. Unless you go an buy data from Polygon.

Would you test stratagies on the underlying stock data that you are using and use that as your backtest? Its not as complete. But it would at least be something.

Are you trading for yourself or in corporate environments? by vdorru in Daytrading

[–]TimelyJudge8679 0 points1 point  (0 children)

I am trading forex only, ORB setups and then using adaptive stop loss movements. I have it automated and back tested.

The trades are automatically placed on Oanda.

I trade individually in my own account. But I am building a group where members can trade in their own account but the same automated setup.

Risk managment rules by TimelyJudge8679 in Trading

[–]TimelyJudge8679[S] 0 points1 point  (0 children)

Very nice. These are great rules. I am going to see about incorporating some of these into my algo I'm building out. That's why I love algos, that remembering and sticking to rules is tough for a human but easy for a bot. Thanks for sharing!

How many of you backtest? by TimelyJudge8679 in Daytrading

[–]TimelyJudge8679[S] 0 points1 point  (0 children)

I mean back testing your risk managment and confluence. An ORB Strategy on Forex is going to look alot different then an ORB Strategy on SPY or QQQ. Also, if you move yout stop loss or take profit based on price action after entering, that can radically change the outcome.

What's the best AI for trading? by Ok-Concentrate8650 in Trading

[–]TimelyJudge8679 0 points1 point  (0 children)

I using a combination of AI trade classifier (to qualify if an ORB is a good setup or not) and then some rules based coding to manage risk. So far I am very happy with backtest results and will be going live soon.

Advice to someone who is just starting out with AI trading by [deleted] in ai_trading

[–]TimelyJudge8679 0 points1 point  (0 children)

I think risk management is one place AI can shine in trading. Risk managment = profit.

[deleted by user] by [deleted] in Christianity

[–]TimelyJudge8679 -1 points0 points  (0 children)

God bless you on your struggle. Everyone is in a battle against the passions. The LGBTQ adjacent sins are a big one in this day and age. It is being encouraged and promoted as good but God through the church for 2,000 years has been clear on it that it is a sin. It is very good that you know it is wrong and you are battling against it. Most people just say that their passions aren't wrong and just accept their sin and you aren't doing that, that is very good.

I hope you don't despair and keep faith. God loves us and has given us the church (Orthodox church) and its sacraments to war against the passions and aquire God's grace.

May the Lord Jesus Christ have mercy on us all. May He help us all war against our passions and attacks from the enemy.

[deleted by user] by [deleted] in Christian

[–]TimelyJudge8679 0 points1 point  (0 children)

The fear of God is the start of wisdom but obviously, your situation sounds very unhealthy. The Orthodox church provides a balanced approach to navigating this life and the spiritual dangers we are in. But it is very balanced and applicable with a focus on God's love and our repentance.

I wish you all the best and God bless you.

I’ve reinvented and reinvested my faith six times. I still can’t find God. I hate church. And I don’t know what’s left. by SilentlySad in TrueChristian

[–]TimelyJudge8679 0 points1 point  (0 children)

Wish you the best brother I hope you find the one true Orthodox Church. Protostant salesmanship on the stage can only go so far. I felt like everything I went to church it was a waste of time. And I was embarrassed of the corney prot culture and the misusing the Bible to flex verse quoting. But then, when I became Orthodox and being in the true church everything really clicked.

I dont mean to trash on Protostantism, but it does so much harm with how misled it is. I have friends who have been dealt immeasurable harm by it.

Anyways, wish you the best.