DO YOU EVER CLOSE / STOP YOUR AUTO SYSTEMS?

GraHal · 2017-01-17T11:29:44+00:00

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

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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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Topic Details

Forum:	General Trading: Market Analysis & Manual Trading
Language:	English
Started:	01/17/2017
Status:	Active
Attachments:	No files