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Frank Birch

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Posts: 174

Joined: 3/25/2006
Location: UK

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Subject : RE: Achieving Balance in PortSim 50/50
Posted : 11/25/2023 12:15 PM
Post #32382 - In reply to #32363

Hi to all,

Introduction to Trading Realities

In the labyrinthine world of trading, many are drawn to the allure of its perceived promises — wealth, independence, and success. It's a world where questions about the bottom line are as common as the ticks of a stock ticker. Yet, the unvarnished truth is that trading is not a golden ticket but a rigorous discipline that demands realism and resilience. True success in trading doesn't echo in the hollow ring of a cash register but resonates in the quiet confidence of a well-executed strategy.

The Potential of Any Chart, Any Timeframe

To the uninitiated, a chart is a mere jumble of lines and numbers. But to the seasoned trader, it is a canvas, on which, with the right strokes, a livelihood can be etched. Whether it's the brisk pace of a day trader or the measured analysis of a long-term investor, any chart and any timeframe can be the cornerstone of a sustainable strategy. The caveat, however, is that it's not merely the potential to make money that matters, but the understanding that it requires more than just a cursory glance — it demands an in-depth study, a mastery that comes only with experience and persistence.

Evolution to Mechanical Trading

Ten years ago, the trading community stood at a crossroads, faced with a question that would pivot its very approach — why not automate? The answer was a foray into mechanical trading, a paradigm shift that proposed a hands-off approach, letting algorithms make the decisions. The success of this approach did not come overnight. It was a result of rigorous backtesting, of learning to trust in the mechanical over the emotional, and of the gradual but firm adoption of a system that trades with unyielding precision.

Challenges Along the Way

Every trader knows that the path to success is fraught with challenges. For those who embarked on the journey of mechanical trading, the road was no less bumpy. Obstacles were omnipresent, but each one served as a crucible for refining strategies. The move towards a mechanical system was not just a change in trading practice but a transformative experience that required overcoming skepticism, technical limitations, and the inertia of conventional wisdom.

Coding and Continuous Learning

The core of mechanical trading is coding — a language that translates market philosophy into executable actions. The process of coding trading algorithms is akin to planting a garden; it requires patience, care, and above all, an understanding that not all seeds will bear fruit. Yet, it is within this digital soil that ideas are tested, and learning is accrued. The knowledge gained through coding is not just technical; it encompasses the market's psychology, its patterns, and its unpredictable nature.

The Value of Stubbornness and Persistence

In trading, as in life, stubbornness is often seen as a vice. But in the realm of mechanical trading, it is a virtue — a steadfastness that fuels the relentless pursuit of a winning strategy. It's a tenacity that says no single market, no single challenge can outlast the determination of a trader who refuses to accept defeat. This stubbornness is the backbone of a philosophy that values perseverance, knowing that in the algorithmic trenches, victory is often just one more iteration away.

Mechanical Trading: Beyond the Financials

Contrary to popular belief, mechanical trading isn't a mere pursuit of profit. It's a quest for balance — the equilibrium between the backtesting (BT) of strategies rooted in historical data and the forward testing (FT) that looks to the future. It's a harmony that understands that money is the outcome, not the objective; that true wealth in trading is found in the balance of risk and strategy.

Incorporating Risk Management

In trading, greed can be a siren's call, luring unwary traders onto the rocks of risk. The seasoned trader, however, hears a different tune — one that speaks of risk management as the cornerstone of sustainable trading. It's a tune that sings of risk not as an adversary but as a companion on the journey, one that, when respected, can lead to the ultimate reward.

Equity Report: Risk Becomes Reward

At the heart of this balance is the equity report — a testament to a trader's journey. It is not just a ledger of wins and losses but a narrative that tells of risk taken, managed, and ultimately transformed into reward. It's a document that serves as a beacon to other traders, signaling that the path to profitability is paved with prudence, not bravado.

Conclusion: The Priceless Value of Shared Knowledge

The journey of a trader is solitary, but the knowledge gained need not be hoarded. Sharing insights, strategies, and experiences is the hallmark of a community that grows stronger with each shared challenge and triumph. In the end, the true.



What does this equity report tell you trading the USA biggest futures by volume on a 15 minute time frame?? everything!
Every thing we build includes Slips ands Comms into the equation please do not forget this as by not including slips and comms into the equation hyper inflates results.
In Trading and testing from the BT to FT its all about balance!

Regards
Frank Birch

[Edited by Frank Birch on 11/26/2023 5:31 AM]

Attached file : FT BT 15 minute furtues.png (411KB - 292 downloads)

Deleting message 32382 : RE: Achieving Balance in PortSim 50/50


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