Grail

Hedge funds study the insides of a trader

The hedge fund industry is like sports, performance is everything. So after years of poor performance in an effort to improve their game, the industry increasingly turned to self-help programs., sometimes called thought products (mindware products). Coach Denise Schull in his office. Works on the study of unconscious influences on traders. To meet this demand, a new industry has emerged, in which statisticians track information about the results, and trainers and psychiatrists are working on, to help hedge fund managers make smarter decisions, making them talk about their personal stories and prejudices. The logic is this: if an athlete can resort to coaching, why not apply this to traders?

Failed grail.

Think, that many do not even suspect that their highly profitable systems are looking to the future. In fact, it is easy to determine — if the system shows a result much higher than expected, then with confidence 100% we can conclude that something is wrong, because miracles do not happen. That's just where the catch is, sometimes it's hard from the first, or even from the second or third time to determine. I, too, am no exception, and from time to time I find myself on various sophisticated peeps of the system into the future.. While peeping into the future, which will be discussed below, not so sophisticated, but, surprisingly, I fell for it and did not suspect about it for about a couple of weeks until today I was convinced by a real example. Therefore, it is very important not to rush into battle with full strength immediately after creating the system., rather check, test on real life with the smallest possible position size for some time, closely accompanying transactions by hand.

All in all, I created an intraday system, the content of which is approximately the following:

1. Entrance — if candles and indicators on the daily chart create a certain configuration (I will not disclose specifically as it is not important for this story), then we place a limit order to open a position at the price of the extremum of the previous candlestick against its direction. In the example in the picture there was a purchase:

2. Exit —
and) At the close of the session.
in) For a limit order at a price equal to the middle of the previous candle (in the figure, the exit point is indicated by a red dot)
I.e, if the limit order is not triggered, then we exit at the close of the session.

3. MM —
We play only the most liquid stocks with a dollar volume of more than 100 000 000 dollars per session.
I divide the deposit into 20 parts, that is, one part is 5% from the deposit. If we have 100 000 Dollars, then one position is opened with the amount 5 000 Dollars. It means, what if, even hypothetically, we lose the entire position in one session to zero, then this loss will be all 5% from the deposit. This is our stop. Such, certainly, will never happen, but MM must always be present, otherwise, as a result of an unforeseen catastrophe, you can always go broke.

And here's what happened on the tests of the daily charts since the beginning of this year.:

In fact, the results are fantastic. — Sharpe 7.8, profit 86% with a drawdown of everything 2%, recoveries 17 !!!!!!!!!!!!!! A schedule of equity for 8 MONTHS THAT DOESN'T HAPPEN at all!!!!!

Tested for 5 years, behind 10 — there is generally equity in the form of a straight line at an angle 45% with a maximum drawdown of about 3%, but her of course, on such a long period, the chart does not show.

All in all, I felt that this does not happen, but could not find the catch in any way, although it lies on the surface and how I did not immediately see it, I don't mind — any first grader would see it :)
It's good that you had the mind to start tests on the real world with the minimum position size, otherwise he could have the maximum to quickly redeem the peninsula of Barbados :)

How I unobtrusively pulled out the grail last night.

JC: IB out of competition — commissions are the lowest of all brokers

below ppm 1$ on 1000 Shares?

JC: Not

then not the lowest commissions

JC: Didn't see below.
Maybe, You don't mean brokers, and companies, providing access to trading. Here is the speech, specifically, about officially registered brokers

you're right, it's just a trading company. But how important

JC: well, I think, as much as, for example, choice, whether to put money on a deposit in a bank with state deposit insurance under 5% or to an unknown financial institution at 10% on my word. That is, it depends on the degree of risk acceptance.
Although, if referring to order deposits 1000 Dollars, then, I think, it's too early to think about brokers and there is no point. In this case, only prop

That's what I'm talking about, under such conditions it is much more profitable 1000-2000$ deposit i 1 $ on 1000 Shares. and payments 95-100%

JC: Just a question, does it make sense? (deposit 1000 Dollars)
For schoolchildren, instead of playing computer games in an Internet cafe? Although, basically, it will be the same computer game, only extra expenses for parents.
For adults, this is somehow incomprehensible at all.. Even if u wins, which is unlikely, even doubling the amount in a year it will turn out to be less 100 dollars a month, what is less than the minimum pension in Russia. Better to get a job as a janitor's assistant — and then it will be more useful.
I personally don’t understand this moment..

well, as I understand it, usually give a shoulder up 20 intraday, however, if you move the position, then less times in 5-6. And if you work within the day, then an increase in a year 20-50% already from 20000$ already good!

JC: Why not the hundredth shoulder? :)

Count up — 1000 from 20000 — that's all 5%. That is, with a drawdown of only 5% the unfortunate trader completely loses the account. Even super-experienced traders have drawdowns of 10-20% in the order of things, and here is some kind of newbie and must trade without drawdowns.
It's not for nothing that the Americans introduced the rules for day traders., not just because of harm, and in order to protect them, from ignorance and misunderstanding of risks, because there are many years of experience what should be the minimum requirements — 25000 Intraday account, at least and shoulder no more 1:4 inside the day. And that, this is ONLY FOR TRADERS HAVING TRADING EXPERIENCE for at least some years and HAVING MINIMUM ANNUAL INCOME from other activities NOT LESS THAN 50000 DOLLARS. Without this, a margin account is not opened at all., and even more intraday.

well, here you have to be a complete idiot with such a trade and drawdown! Example, at 1000$ deposits and shoulder 20, Get 20000. let the share stand 40 bucks. I would never poke a bag on her anymore 500 stocks and stop +/- 20 Cents(without going into the details of the strategy) and with a profit I will minimize in +/-40 Cents. Even with such a shoulder, I would have received 100 bucks minus. But the profit is potential 200 and more. Still relatively) Although apparently everything depends on ..

Gave the grail in the morning!

Woke up, brushed my teeth, drank….. opened LJ and immediately received the grail as a gift:
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http://fenix-fx.livejournal.com/351072.html

…Highly, gave a very useful gift to everyone, especially for beginners in trading, Opening and Alexander Rezvyakov.
Competition "Frisky Dozen"….
…All merged!!! And this despite the fact, that there was a tough competitive selection for the group, that is, no one was selected, but people, on which there was a special hope….
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If all merged, so the result is correct. It remains only to urgently study the system of a certain Rezvyakov. Learn the rules of entry and exit and do everything exactly the opposite — thanks for the grail :)

The Grail is found!

It is sometimes helpful to browse the forums, in particular, stockport.

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Remember who didn't know — 60%
Let's take our word for it or we will demand calculations? :)

My grail. Announcement.

Right now I will formulate… and I will reveal all the secrets, берегитесь! (;

Weekend thoughts

Suddenly found a solution. That, normally, lay on the surface. If it's hard to stop, need to switch. To do another. housekeeping, renovation, the skill of the birdhouse… The best thing to do is take profit and go shopping. (:

***

Practice doesn't make perfect. Practice Gives Consistency (stability).

***

"A trader is sitting, pips. Then here 20, then there 50 pips.
Around the crowd
going: - What… why are you buying, Why are you selling - you don't know what GDP is there, ufo and other bullshit… Where are you against the news? … really something !?
He: - Hear, men, fuck off. Tired of being smart, I just want to make money…»

The grail is simple. The more complicate, so much the worse. E=mc2 and that's it.

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