ProRealAlgos? Real or fake

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Viewing 15 posts - 46 through 60 (of 227 total)
  • #158673

    And with that said, I’m leaving this thread to itself. Talk to you again in a couple of weeks.

    Hey, thanks for stopping by..

    As mentioned earlier in the thread, I am less worried about losses, as they happen, but I am worried about significant account breaking events and how your algos deal with them – if at all.

    I completely understand that you need to protect your IP, but I do think *more* pertinent information about your algos would get your more sales. This could include:

    1. clearer information on stops and profits (than is currently included in your commented code). Especially for people newer to coding, and especially as your IP is already intentional obfuscated (for reasons I understand).

    2. A clear indication  of what constitutes a potential algo blowing up event. These happen, and for me is the first thing I code in. Lets just say for example your algo keeps buying against a huge downswing like in March. Sure, i’m responsible for that, but id say you guys are accountable for protecting customers on those occasions should I not be able to intervene manually. Or even then, using that example, without knowing the logic, how can I possibly know when its safe to turn them back on?

    All that said, I do appreciate you sharing these as they are clearly good algos, but are they good enough to blindly trust with real money? Tough one. Especially at the higher position sizes.

    #158678

    Especially at the higher position sizes.

    I always change position size  to 1 contact so I’m comparing apples with apples across all Algos being Forward Tested.

    #158689

    always change position size  to 1

    Sure, but I think you miss my point….. if im running these algos at 1 contract and the market goes wrong and I lose a few quid.. ok, it happens,

     

    but if im running them at 10x, 50x contracts and the market goes mad and im asleep and they keep opening positions into a falling market and when I wake up im down 100k, I wont be too happy.

     

    with no information at all in how they deal with these situations and no way to check, that is a problem for me, and it should be for anyone who buys them too.

     

    i don’t need to know all their secret sauce, and they should get paid but we need more info imo.

    #158691

    not necessary to buy an algo

    save your money, train yourself to prt and improve your algos

    just my point of view

    #158702

    not necessary to buy an algo save your money, train yourself to prt and improve your algos

    People are just buying products or services they dont have the time / capabilities to learn to produce themselves. That’s what is called “economy”: the system of making money and producing and distributing goods and services. I prefer to buy my baguette each morning than to improve my baking 😆

    #158710

    I prefer to buy my baguette each morning than to improve my baking

    I completely agree, but the difference here is if I ask the baker what ingredients he uses he will tell me. Or least, will confirm it contains nothing very harmful.

    All I would like answered is “Do your algos have any in built protection against severe/strong market movement?” Because if they don’t, and more or less they are saying we should be running all of them to get the best return, then we need a different baker! 😬

     

    1 user thanked author for this post.
    #158715

    I was not talking about the recipe of the algos discussed here. Your question is legitime and deserve an answer for sure. I hope you will get it.

    #158716

    Do your algos have any in built protection against severe/strong market movement?”

    Could you not make a judgement re how the Algos reacted during backtest to a severe market movement, e.g. either side of the 20 March 20 V shape or a few other recent peaks and troughs  … 8 Jun 20, 2 Sep 20, 30 Oct 20 or a few one day or even 1 hour massive market moves?

    #158718

    Could you not make a judgement re how the Algos reacted during backtest to a severe market movement

    Yep, thats fair. but making a judgement and hearing from the developer are different things I believe.

    #158728

    but if im running them at 10x, 50x contracts and the market goes mad and im asleep and they keep opening positions into a falling market and when I wake up im down 100k, I wont be too happy.

    Surely the backtested results will show what happens during these conditions? 1million unit backtest. Thats all we can assume.

    Prtalgos guys seem pretty honest, I watched their youtube weekly results video. They show losses and gains. Usually the scammers dont like showing losses.

    Im sure they will be available in the marketplace with a more robust method of trialing. Ideally 1 month trial.

    1 user thanked author for this post.
    #159061

    I promised to update the 18 algos I have been running on demo since the 18/19:th of January.

    Total gain is around 111 euro, latent gain is around minus 303 euro (didn’t exchange the dollar, just counted euro and dollar together).

    5 times different algos have stopped working, so I started them again.

    2 users thanked author for this post.
    #159066

    5 times different algos have stopped working

    Above same with me and I found it was due to the position size being less than the IG minimum for the respective Instrument.

    #159067

    I promised to update the 18 algos I have been running on demo since the 18/19:th of January.

    Total gain is around 111 euro, latent gain is around minus 303 euro (didn’t exchange the dollar, just counted euro and dollar together).

    5 times different algos have stopped working, so I started them again.

    Those are strange results. Which position sizes are you running? It’s relevant to see which position sizes you are running, one should always run factorized position sizes i.e. to divide the risk equally between the algos e.g. 1×1€ contract on DAX30 is not the same risk as running 1×1€ contract on the US500. Please attach the detailed report of your week so we can double check which winning trades you are missing.

    Here are all the trades of the week. One image from our own account and one image from a customer account with similar position sizing. One trade discrepancy between the accounts.

    In total a gain of €834,41, 18 wins and 2 losses.
    Latent gain over the weekend of €152.4

    The reason of your algos stopping can be

    1. Because you haven’t started them with re-adjustable stops. You have to click the checkbox in the ProOrder AutoTrading window when starting the algos. Let me know if you can’t find it.
    2. The minimum required position size of your broker is higher than your position size in the code.

     

    PS. Please also make sure that you start your algos with timezone UTC+01

    1 user thanked author for this post.
    #159073

    Please avoid embedding pictures in your posts, as this makes the forum pages slower to be loaded and bulkier. Attach them, instead. Thank you 🙂

    Inserted pictures have been deleted and attached as they should be.

     

    1 user thanked author for this post.
    #159076

    The minimum required position size of your broker is higher than your position size in the code.

    What broker do you consider when setting position size?

    Surely IG is the most used broker (?) so be good if PRA ALGOs position size works for IG Clients?

     

Viewing 15 posts - 46 through 60 (of 227 total)

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