Thanks Mattias for ur point of view. Always intressting to hear how other algopals thinks 🙂
To create successful algorithms is as we all probably know very difficult, and if I ever was going to buy one, I would at least want to see screenshots from live trading over a minimum of 6 months, preferable much more than that.
Mattias,
Say also for my own sake, how would you see that happening for real ? I am asking, because I myself would not have a decent answer to this;
As we all know, the smallest change may have drastic impact. And as we all also know, is that we improve infinitely (at least we’ll always try). So let’s have a few real world examples :
In attachment #1 you see the same Strategy still running as the one I pointed out in the post of the link in my previous post. No need to show the total result, because that FiFo shifts all the time anyway (maximum number of 1500 full trades reached so only the last 1500 trades weigh in – hopefully PRT will now solve this issue soon).
Why do I have this Strategy stull running since January 20, 2021 ? well, because I stopped development in the IB environment and hopped over to IG. In other words, that Paper account** has become useless, so I nicely let it run anyway.
**): Do not underestimate what all can be faked or forgotten, like the trades you see in Attachment #1 not showing Brokerfees ad $60 per trade (because it is not possible to show them in that Detailed Report, while IB surely charges that $60 per trade).
The second example shows in attachment #2. And here are my remarks about that, ready for comments please :
- This is live. N.b.: this is with 5 times less investment as the IB-Paper I talked about above.
- This is only active for statistics since May 10 (see right-hand header); Why ?
- From of May 10 I had the idea that my IB version now properly worked in the IG environment. So for me this is a point of reset.
- You can clearly see that over the past weekend I changed things and the profits became higher and the trades longer.
- The profit you see (EUR 489) includes “spielerei”, or IOW losses on purpose for observing behaviour (Yes, I do that in Live). See the strange act in the 3rd attachment.
Moral : There is no single way that I would
a. Leave alone such a Strategy for 6 months or not even for e week when
b. I see improvements and thus apply changes.
Ad b.: If I would not do that I would be stealing from my own money.
Ad a.: Would I make it to the Market Place, I would never ever be able to show something consistently from one Strategy, unless you would accept one week as that (advice : don’t).
So all I could do is show total results of auto trading, have vague stories around it like I just spouted above, and hope you would dig my spouting because it *is* for real. And please notice : only “quantities” as such would tell you the real story (like showing the complete list of gains and losses in such amounts that you can’t avoid that reality). Still, I would have no possibility to show a longer term subsequent result, just because I (like to) improve. OK, then it should show improvement over time, right ?
If someone has better idea on how to do this … I am all ear. Plus I deem it a nice discussion.
Peter
