9 Things I Learned from Building an Automated Trading System
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- เผยแพร่เมื่อ 22 ก.ย. 2024
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Here are 9 things I learned that have had a massive positive impact on my manual trading and have helped to shape the Duomo Method
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TRADING LESSON
I spent over a year working with a team on an automated trading system. Here are 9 things I learned that have had a massive positive impact on my manual trading and have helped to shape the Duomo Method, which is the trading method we teach on this channel. These are things you can get started with straight away that will improve your own trading system and performance as a trader.
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1)Documenting everything
2)making your system symetrics
3)keep things simple
4)context is crucial
5)knowing when not to trade
6)everything should be testable
7)
8)
9)
7) 15:00 human error, system error
8) 16:26 figuring out why
9) 18:53 people push you to improve
This is your absolute best video yet. And I believe I have watched them all. After I had already been trading for some years I also decided on taking the path of algo trading myself. It took me 3 years with my own band of misfits and a mathematical-oriented financeer to go precisely through every stage you described there. The elation of perfect backtest results with the frustration of forward-demo-testing not being quite the same. Fine tuning every aspect. Filtering out bad results while trying to maintain profitability, tweaking here and there, all of it. We came out with something profitable - not as profitable though as our manual trading had already been. Adding to your concept of "understanding context", I would add "gut feeling". That would be the low resolution, not yet literalized/integrated knowledge we carry around. And, of course, Trump tweets. My algorithm goes bananas on those.
You mentioned a paper. Is there a way we could read it?
Thanks for your content. Cheers from Brazil.
Great content !! Thanks for sharing such a great analysis and for explaining in simple terms the real/proven hassles of looking for an automated system. We need more traders and contributors like you ! I will look at the rest of the content in your channel, it looks fantastic.
5:55 So true! Too may people think old strategies learnt from books are the way to easy money. The truth is, most systems don't work. That's why so much work goes into developing a profitable system.
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Thanks! As an aspiring quant, I have a deep appreciation for the work you put into this. Some very good takeaways!
LOVE the vid man! Awesome, condensed info
Hi, for the academic paper you mentioned in the video, how can I get my hands on it.
Ditto, please could you share the paper?
What is the title of the academic paper you mentioned in this video?
Hi Nick, I’m just starting my trading journey and came across your channel. Best channel on TH-cam! Thank you for the content and sharing your experience. I’m also doing your trading course.
what software have you used to create the automated trading system?
show us some chart time!!
What a video!! I wonder how nice this experience was. Looking forward to the next video. Is there a community where Duomo people just chat and interact with each other...any forum or something like that?
thanks man always great content.
who designed your logo...thats too good.
This is the reason I 5 years ago realised I had to lern to code my self. I could never have payed anyone for the 1000 of hours of testing that was done. And I would probably not have lerned as much if someone else did it. Just wish I had documented more. One of the easiest mistakes to do is to spend a lot of time documenting and testing a system that isn't doing 100% of what one thought it did yet.
thank you! Been learning a lot from just watching your videos. Hoping to join your training in the future. You mentioned something about "Context", I actually "saw" that to be critical but I didn't know where in trading. You explained it quite well here and it helped dawn on me. Thank you once again! :)
Where is part 2 of the candlestick patterns video!
For some reason, he's giving me a James Corden vibe. Great vid btw!
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Great content as ever Nicholas! I have but one humble request
at the moment. May you please do another video on your
experience of making big(ger) money in the markets?
I found your previous video on the subject very motivating as i
could see myself in you, i.e, achieving the sort of success that
you have using your system, and even though I haven't been
able to pay for the full course, i religiously incorporate and practice
your system (the bit that's free i guess), strategies, advice and
all lessons regarding trading in my own trading.
I hope you see just how important it is for me and I'm sure
many traders out there who aren't there yet. Sometimes as
as non-profitable trader it's easy to lose perspective of the
big goal and that's to gain the financial freedom to live the
sort of life you dream of.
Brilliant! Loved it!
This video covers so much information that i feel is not getting covered enough by trading sources... i found the fact most of the really popular trading strategies published on youtube are exactly these, in theory really easy to code strategies, based on 1 or 2 indicators all on the same timeframe with no context involved is very misleading.
In the research i did the recent years i figured out that no matter if you trade patterns or indicators or anything else, context is equally important. (opinion) great video, thanks.
Thanks for the comment. I think people that stay with trading long enough probably come to similar conclusions eventually regarding context and the common strategies you see everywhere.
Sir is your automated perfect on its timing in every change of time frame?i need your answer sir to compare what i discover im now at 80 day of trading using micro acct. And i descover special thank you sir.
Nice! A new video been watching all of your old content recently after watching your webinar definitely the Best piece of content i’ve ever seen what you do here is great. 100% looking to buy your course in the future
Glad you found the webinar useful! Have you been able to put it into practice yet?
- Nicholas
The Duomo Initiative - Trading & Investing Yes, i’m working on trading everyday it takes a LOT of time 😁 to do the job properly.
Definitely put me on the right path!
Haven't seen you in a while.
I've been here! Welcome back.
- Nicholas
Does your system trade equities or currencies?
I made my own trading robot and tested it on old data and found that it was 80% effective, but when I tried it on real data, I noticed that it was not working, I don’t know why, even though I use a good server with a fast speed
Thanks for this great video! In the screenshots of the „weekly cycle changes“ I can see AB patterns with fibonnaci levels. These are different to the ABCD patterns (zigzag) from your Duomo course. Which patterns does the algo trade? And does he use all tools of the duomo method, or only parts of it?
Hello nick, can all strategies be coded into algo e.g systems which rely heavily on discretion? Looking forward hearing from you
Thank you for sharing this.
How can i get the academic paper?
Good one..
Thanks Pradeep!
- Nicholas
what platform do you use and can I use it in West Africa Ghana
Great video. #5 is #1 imo
Thanks J P!
- Nicholas
*Sir which you prefer, automated or manuel trading ?*
I loved the challenge of working on an automated system, working with some great people and the fulfilment of building something and making discoveries. But, since I can't code it's not something I can do on my own and I enjoy being involved in the markets rather than just watching something do it for me.
- Nicholas
So you trade manually
Thank you.
Love the video, as always, I never even trade forex but you share a lot of gold nuggets. I want to take the free course. Does it apply to other markets or just forex ?
Super interesting
00:40 made my day 😂😂😂😂
😂
If the system can turn $10 into $1,000,000 and you can replicate that in >30 seperate different events/periods then the system should be statistically significant enough to make the reasonable assumption that it's probably not a random system.
Good video👍.
Does your system incorporate technical indicators?
VWAP is useful.
Can you share the academic paper you issued?
When I do the video talking about what we worked on during that time I'll be able to share some of the main parts of it.
- Nicholas
@@Duomoinitiative Thanks for the insightful video - always MUCH appreciated! Any thoughts as to when you'll be sharing some of the details of the aforementioned "academic paper"? Indicators sans detailed context only work part of the time and I've spent a considerable amount of time lately on establishing context (e.g. particularly to identify areas when NOT to trade). The same process holds true for determining ML "features" as without context, ML doesn't work very well either :). It would be helpful to know if what I've done so far mirrors some of the work your team has done.
Sir please be more frequent in making more content
I see Nick, I like!
System!
will there be a speacial when you hit 100 K abonoments?
I make much profit and a good trade with one expert
love you darling
I don’t think you age at all.