I appreciate your comments, the system operates different strategies depending on what it deems the underlying market condition to be i.e. ranging , trending etc. It applies different entry and exit rules and set max draw down on a trade by trade basis. It downloads data on a tick by tick basis and from time to time it will identify a market moving from a trending to a ranging scenario and vice-a-versa. At this point it will then re-access the profit and draw down limits and apply them to the trade in progress. The exit strategies are keep on our servers and not place visibly in the market to avoid stop hunting. There is very little data on this site as yet but as we move forward you will see higher profits being taken in confirmed trending market conditions and so forth.
For now it is performing in line with expectations - please continue to watch and let me know your thoughts in a week or two
The model is now actively trading UK Oil, Spot Gold and the Dow 30... Gradually we will introduce a greater range of indices and commodities but at this stage we are just starting out with products that are known to us.
We have also moved servers to a new data center which will hopefully reduce transactions round robin time
Look009 posted: Billy is right but to achieve such a performance is a very big task !
I think that his comments were a wee bit premature. In his defense they were made after only 6 trades had been made and draw down was close to gain - however now, after a couple of months and over 350 trades hit rates remain in the region of 80% - and draw down of 13% is reduced to a draw down of 8% in non-FX trades are removed.
The system has stabilised well and is handling ranging and trending markets comfortably and is up in profit close to 70%. We will see how it pans but over the next months but interest has been growing steadily so i shouldn't complain.