Highlights from our last workshop on our algorithmic tools and optimization techniques are now available below. Let us know if you have any questions!
Also check out our Google Slides to accompany yesterday’s workshop with the clickable links.
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Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
Highlights from our last workshop on our algorithmic tools and optimization techniques are now available below. Let us know if you have any questions!
Also check out our Google Slides to accompany yesterday’s workshop with the clickable links.
Every trader, no matter the style, the method, the timeframe or the instrument, is somewhere on what we may call the discretionary-algorithmic spectrum (although, we will see, nobody, not even Jim Simons, is at one extreme of this spectrum). See,
no one today trades without computers (and if you're new to this job, it's hard to imagine it wasn't always like this),
and no one, including the largest algo funds on the planet, is completely algorithmic (even the most algorithmic traders have an ON/OFF button on the screen). Not to mention that the algorithms themselves are written by humans.
A situation might look something like this:
Given the above, what might be a good way to think about the ideal level of discretionary/algorithmic elements of trading? While there's no cookie-cutter answer that would work for all traders, some basic principles apply:
what aspects or level of your trading you want to keep under your discretionary control and which elements you want to automate is something every trader must give thought to
every trader is somewhere on this spectrum
where you are on this spectrum is not written in stone: it may change as your trading career matures, and/or as markets change. (And yes, we do mature, and yes, markets do change.)
where you place yourself on this spectrum may not just be one spot. A trader may choose to trade more than one timeframe (preferably on more than one account), and decide e.g. for a higher level of automation on a very quick-moving timeframe, where milliseconds count (and do the job, hopefully, with the algorithmic PRO STR BT), and perhaps also trade a larger chart (daily or weekly) where milliseconds are irrelevant, and a more manual - but still partially automated - approach may work better (and pick for the job, hopefully, the more manual, but still algo-based PRO STR)
This weekend is as a good time as any for all Remek! (read: excellent) traders to consider the above, while we digest what is surely the most profitable week for us so far in 2023. Speaking of which, see a little digest of our work this week.
Although we're already half-way through 2023, it's still not too late to add the best tools (The Remek! Standalones strategies, the Remek! Essential Indicators and the Remek! Premium market education service) to your trading desk, and make 2023 your best trading year yet!
But first, may we give a hint of how we think about the right level of discretionary/algorithmic trading:
we like algo trading, and we like to do it in a discretionary context.
That's why we made industry-leading algorithmic trading bots, and we also share our discretionary trading insights with our VIP members every day. This combination of algorithmic and discretionary trading can bring measureable results, as was also discussed in our recent NT webinar.
So why not explore our vast resources, and consider joining us on what, for many, could be a capital-accumulation journey!
A quick video with comments on how PRO STR BT works and how it handled MNQ on a 250tick chart today.
Remek! Trading Systems, Inc. (Toronto, Canada) specializes in providing trading system development, testing and consulting services to traders worldwide. Remek! Momentum Pro, our self-adapting trading algorithm is designed to trade the re-emergence of momentum out of consolidation areas. For more information, visit www.remek.ca
Remek! Trading Systems Inc. | 11 Shallmar Boulevard, Toronto, ON, M5N 1J6, Canada