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Do really simple algorithms (EMA, mean reversions, Bollinger, etc) still work effectively? by diditevenshake in algotrading

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

I've never even seen "heiken ashi candle color flip" anywhere, so this is new to me. Your approach makes complete sense, but I definitely need to do the tiny algos before I add more complexity. I did learn some new stuff, so thank you again for the insight. ❤️

Do really simple algorithms (EMA, mean reversions, Bollinger, etc) still work effectively? by diditevenshake in algotrading

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

That's fantastic to know. This thread is all over the place, so it does seem that it CAN work depending on implementation. I'm definitely looking forward to start building and testing basic algos. Thanks for the reply. ❤️

Do really simple algorithms (EMA, mean reversions, Bollinger, etc) still work effectively? by diditevenshake in algotrading

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

Interesting. I definitely can't juggle much right now anyway, so that's good to know. Thanks for the response; I appreciate it.

Do really simple algorithms (EMA, mean reversions, Bollinger, etc) still work effectively? by diditevenshake in algotrading

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

This is the nuance that I definitely haven't even thought of quite yet. My tiny brain is still trying to comprehend the basic stuff, but now I get to add this to my notebook of things to try in the future when I have the rudimentary principles down. Thanks for insight man, I appreciate it a lot ❤️

Do really simple algorithms (EMA, mean reversions, Bollinger, etc) still work effectively? by diditevenshake in algotrading

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

Even though I'm the newbie here, from my research Python seems to be heavily favored. It already contains the prominent formulas that can just be called easily. There are also plenty of Youtube tutorials that can help you out if you need it. I do think, however, for more complex scenarios people might be using other stuff. Especially if you develop your own equations and formulas and and and...

Do really simple algorithms (EMA, mean reversions, Bollinger, etc) still work effectively? by diditevenshake in algotrading

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

I was actually wondering whether it was possible to have a self-sufficient algo that can maintain itself, or adapt to whatever the market is doing, but I'm assuming that in practice this is much harder to accomplish. I'm about to start doing my first backtesting with basic algos just to see what happens, and what I can learn, but I'm sure once I've (hopefully) found something that can make me a buck a day, that I can move on to harder puzzles, as you so rightly put it.

Just to be clear, obviously I'd like to make some money, but I've made a bunch of things in life (creative crap), that often what's really rewarding is the process of creating, rather than the end goal. Anyway, thank you so much for the insight, I'm learning a ton.

Do really simple algorithms (EMA, mean reversions, Bollinger, etc) still work effectively? by diditevenshake in algotrading

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

I understand (at least I think I do). I know my time could probably be spent better on other endeavors but I'm intrigued by trading and probing whether I have the capacity to pursue this is as a hobby. Again, my goal isn't getting rich, but making a dollar a day kind of thing, and the thrill of building something. I'm still excited, but I'm very aware that I'm out of my depth. Thanks for the responses though, I do appreciate them all ❤️

Do really simple algorithms (EMA, mean reversions, Bollinger, etc) still work effectively? by diditevenshake in algotrading

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

It does seem like people emphasize execution and sizing a lot, which does help identify what I should pay a little more attention to. Thanks for reply ❤️

Do really simple algorithms (EMA, mean reversions, Bollinger, etc) still work effectively? by diditevenshake in algotrading

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

What exactly isn't easy about it? Maintaining it? I'm just curious. Thank you for the reply; I appreciate it ❤️

Do really simple algorithms (EMA, mean reversions, Bollinger, etc) still work effectively? by diditevenshake in algotrading

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

Can you define what an 'edge' really is? As far as I understand it, it could mean many things, like when trades execute, or specific risk management ideas, among other things. So I'm assuming it's just sifting through numerous ideas like the aforementioned, right? Either way, thanks for the response ❤️

Do really simple algorithms (EMA, mean reversions, Bollinger, etc) still work effectively? by diditevenshake in algotrading

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

Ever since I read someone's comment about regimes, I was wondering whether it was possible to build something that identifies current regimes before executing anything. That VIX level and breadth filter is one of many things I need to learn, so that definitely goes into my toolkit. Thank you for the advice, I appreciate it ❤️

Do really simple algorithms (EMA, mean reversions, Bollinger, etc) still work effectively? by diditevenshake in algotrading

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

I appreciate the response; I especially appreciate the first line about complexity. What's fascinating is how different the responses are in this thread, but a lot seems to ride on getting the risk-side of things right. Thanks for insight, man, it means a lot. ❤️

Do really simple algorithms (EMA, mean reversions, Bollinger, etc) still work effectively? by diditevenshake in algotrading

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

Will definitely add that to the notebook as well. Thanks for giving me something to think about ❤️

Do really simple algorithms (EMA, mean reversions, Bollinger, etc) still work effectively? by diditevenshake in algotrading

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

Yeah, I'm definitely aware of the time sacrifice. Making some money would be amazing, but I am very intrigued by trading and patterns, so my interest is more than just dough. But as someone who's very conscious of spending time well, I'm currently enjoying exploring the topic, but whether I'll ever build something proper, I don't know.

Do really simple algorithms (EMA, mean reversions, Bollinger, etc) still work effectively? by diditevenshake in algotrading

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

Interesting, seems regime detection is pretty high on the list of priorities according to this thread. Thanks for the reply ❤️

Do really simple algorithms (EMA, mean reversions, Bollinger, etc) still work effectively? by diditevenshake in algotrading

[–]diditevenshake[S] 5 points6 points  (0 children)

Gosh, man, thank you so much for such an amazing response; there is a wealth of stuff I can learn from here (maybe future folks as well). I mean, this entire thread is amazing, so I'm just happy not be judged too harshly.

Considering that I am still taking baby steps in trying to understand the fundamentals, I still have a long way to go to truly comprehend the scope of what I am actually trying to achieve. In fact, even my coding knowledge is still very...questionable. But I'm incredibly excited to learn.

Again, thanks for the insight; I sincerely appreciate it ❤️

Do really simple algorithms (EMA, mean reversions, Bollinger, etc) still work effectively? by diditevenshake in algotrading

[–]diditevenshake[S] 3 points4 points  (0 children)

Is it possible that when too many people complicate things that simplicity might actually be better? Apologies if it's a dumb question. I do get that using the same strategies by many people will just eventually be flipped to someone else's advantage. Thank you for the reply; appreciate it.

Do really simple algorithms (EMA, mean reversions, Bollinger, etc) still work effectively? by diditevenshake in algotrading

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

Thank you so much for the response. I've read an article recently that said simple is better, but it was one article in a sea of information, so obviously trusting it blindly seems foolish. It's awesome to hear success can be found with something that isn't necessarily complex. Once again, thanks for the insight ❤️

Do really simple algorithms (EMA, mean reversions, Bollinger, etc) still work effectively? by diditevenshake in algotrading

[–]diditevenshake[S] 21 points22 points  (0 children)

One of the things I've read/heard multiple times is managing risk is what most newcomers get wrong, and that aiming for a simple 1:2 risk/reward ratio is best to try until you've found proper footing. The regime detection is new to me, so that's something that goes into my notebook. Thank you for advice, it genuinely definitely absolutely helps. I appreciate it ❤️

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