DO YOU EVER CLOSE / STOP YOUR AUTO SYSTEMS?

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  • 01/17/2017 at 12:29 PM #21434 quote
    GraHal
    Participant
    Master

    Hello Fellow Traders

    Do you ever close / stop your  Auto Systems (Algos)? If Yes, under what circumstances?

    I do, not often but if I can see the ‘instrument turning’ and the Algo (especially if its several Algos) showing a healthy profit then I stop them. I hate seeing a good profit reduce significatly or worse still turn to a loss!

    Also if my Algos have been through a ‘bad patch’ and stopping a few profitable Algos will get me back on track and restore the balance then I will do it. I find it is good for my mind … keeps my psychological trading profile positive.

    Does it mean I don’t trust my Algos?

    Does it mean I prefer manual trading?

    Shoud I leave the Algos running else what is the point of Algos?

    Any / all comments appreciated.

    Cheers
    GraHal

    01/17/2017 at 3:15 PM #21469 quote
    Wing
    Participant
    Veteran

    I let my systems run, unless either of these happen:

    1. Market conditions change or can change dramatically because of huge fundamental news.
    2. I discover a bug in my system.
    3. The system goes into a critical drawdown, the size of which I have specified beforehand.

    If I feel the need to stop a system because of some reason, it can be because I am emotionally invested into it and not thinking rationally. Or it can because of some market/performance condition (which I can actually program into my system in the first place). For these reasons I avoid interrupting systems. When I used too much leverage I would do that and it resulted in losses. With my current risk I don’t feel the need to interfere.

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DO YOU EVER CLOSE / STOP YOUR AUTO SYSTEMS?


General Trading: Market Analysis & Manual Trading

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GraHal @investment_account Participant
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This topic contains 1 reply,
has 2 voices, and was last updated by Wing
9 years ago.

Topic Details
Forum: General Trading: Market Analysis & Manual Trading
Language: English
Started: 01/17/2017
Status: Active
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