I Tried Day Trading w/ a Trading Bot Algorithm
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- เผยแพร่เมื่อ 26 เม.ย. 2022
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In this video, I tried day trading futures with an automated algorithm!
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i'm not thirsty for likes and subscribes so i didn't ask in the video, but that being said - if you wanna...
Ngl this seems a bit shady, literally every single comment here is ‘this was super interesting, try for another month’ with the account itself commenting under a lot of these.
@@OhDeeDoubleU Those are bots hijacking the comments
@@OhDeeDoubleU i did ask in the video for people to comment if they want me to try another month, so i'm assuming that's genuine interest based off that.
@@OhDeeDoubleU he did ask, but some are a little sus haha
@@DanielInskeep you can tell this video is fake as you managed to stop time at 11:11 but traded for weeks. Time Traveller exposed!
I love this video!!!!! This is the first time I've come across a video where someone is open and transparent about their methodology and results. If there were a super like button I would use it! I really hope we see more videos like this on TH-cam.
I like that you post even when the experiment didn’t go as planned. Great video! I wouldn’t mind seeing this again but if it’s gonna cost you too much than it’s not worth it.
Agreed I don’t think it’s worth losing money unless it’s a sponsored video in which he’s getting paid to do it
Definitely agree with this comment and would also love to see more of this
if enough people watch the video, it'll be worth any potential losses. but we shall see!
@@DanielInskeep I love watching your videos because I know will be transparent I also follow Trades by matt because he uploads everything losses and wins not like those fake gurus who just post wins all the time
@@Playeriyo20 and he sure does post some big losses on his live stream sometimes haha.. just brutal to watch
At $1000 per month per user Lauren is making a killing on the Stockmarket 😂
Perfect setup for a pyramid scheme 👍
She’s a scammer
🤣🤣
Once our early bird promo is up, we’ll be less than that - yearly. lol crazy
Definitely
Please keep going. I would LOVE to see a longer term analysis. I wrote my own algos for stocks last year and found it to be anything but "earn money while you sleep" because of the "tweaking". But I am curious to see how other algos work so please keep this experiment going.
We’re going to start documenting here soon. Maybe if you’d like to give us an early sub, forever grateful.
I’m here to see more stuff out there like this. Great video Dan
Enjoyed the video, thanks for sharing! Would love to see you continue!
YES! give it another shot! I think that full auto algo trading is a bit optimistic, but getting to know one instrument (when I tried it I stick to MES) and doing a quick market assessment before running the also could turn into a low effort/low stress trading system! not-full auto, but for the low effort I think it'd be worth it :) Good luck and looking forward to the next video!
Excited to say he has stayed for another month. So I am excited to see his progress in my Algo. My main focus is NQ/MNQ as ES is a bit tough with Algos (at least in my experience). ES has the liquidity but its pretty tight unless we get a true trending day.
@@boldbot9591 Hopefully he doesn’t lose even more 😭…
@@steelko665 well yeah.. I hope so too.. but it happens. He shouldn't have traded RTY when he only had 1,500 left and we talked about it. To trade any mini contracts you need AT LEAST 7-10k in your account. The risk is just too big otherwise.
Full algo trading works. You need a zoo of working algos, though. Thoroughly backtested. Knowing when they work, and when they don't. All profitable. And then employ them altogether. Monitor them. Execute them. Quality check them. They all stop to work sooner or later. And therefore you need to constantly do research for new ones.
So basically having a working process to have ideas, thoroughly analyze and challenge them. Discard the bad ones. Optimize the good ones. Then deploy them and milk them while they work.
A lot of work. No get rich quick scheme. And needs a sharp mind, a humble approach, and on top of that a decent work ethic.
@@Flinsenberger101 This is the best comment I have seen about Algo trading in forever.. I try to tell folks all the time.. but its hard for people to grasp at first.
Honestly loved watching you in mango street because of your humble approach to photography, which is so refreshing. Good to see you in the finance world!
Clicked the like button. I was interested in trading bots and your video was very helpful. Thank you for the time you put into this.
lmao the way you tracked someone down just to be sure and extra content, is the commitment i like to see in videos
Thank you so much Daniel for the eye opener and bringing out the reality in the space . It gives any newcomer a greater awareness of algo trading is not fully auto but manual intervention is needed no matter the best strategies.
With kind regards,
RKD
I appreciate the effort and expense you put into making this video along with the candor with which you presented it. Excuse me now while I go hit that subscribe button.
This was a fantastic video and analysis - I’m watching for more!
It is great to see someone showing their experience with methods and Algos that they are testing live. So many channels test and optomise trading strategies but they only ever back test them, even if they use a papermoney account you never see them prospectively test these strategies.
So while I would hate to see you loose money, as you are one of the few people who actually show their live trading, yes please do continue to test the algo. It is interesting to hear what you make of it. It has always bugged me too how something can be profitable for one person, or for one period of time, but then exactly the same thing looses money for someone else doing what should be exactly the same thing. I would like to see better and more detailed analysis of what exactly is being done in the profitable situations, compared to when what should have been the same methodology resulted in losses.
thanks for taking the time giving us realistic, unbiased trading results from these type of experiments!
Loved this! Been looking at the markets for many years. Thanks.
Thank you for your test drive and expense to do so. I had just started watching her videos and was seriously interested in the idea of "40%+ per month letting it do all the work" type of system which sounded awesome while also seeming too good to be true.
If it returned 40% a month, that thing would be straight to top end firm somewhere, not online for retail traders
Great video Daniel, would defeinitly love to see the outcomes with a different strategy. Love what you do man.
According to my financial adviser Maurice Ed Zander", now is the best time to trade or invest, buying BTC and ALTS and most stocks with a DCA strategy. I just can't imagine what my portfolio would look like in the next leg up, but have already got 2x my $30k thousand dollars am fine and out. L
I'm making a whole lot of profit off trading stock. at the same time, I'd like to invest in forex and Bitcoin as heard its really happening now
Bitcoin has been the most profitable investment online, if only you could trade with professional broker that will work you through the process needed.
Trading with an expert is just the best strategy for newbies and it will really help alot as a beginner.
As a beginner who don't understand how Bitcoin trade works and you want to make profit from it, I'll advise you to first start working with a professional broker
how do I get a professional broker to trade for me, I have been trading on my own and blowing up my account?
I've been following your channel for a minute, great stuff, I like soaking up all the knowledge I can, as I'm saving up money to start my little trading career. You seem to be one of the few that tells it exactly how it is. That bein said, if your up for another month so am I lol
Nice video as usual ! Very informative. The way you stalked that poot guy :D. In any case, this is a very interesting topic. I am highly skeptical of algos for retail traders for the same resaons than you. Thanks again for the (costly) first hand experience.
Thank you Daniel for that awesome experiment.
Thank you for your transparency !
its like you read my mind. I was just thinking about these kind of algo trading strategies but didn't even know jack about them. then you make this video. great videos tho. keep it up. love the transparency
Great video and as always, I appreciate your transparency. I think the biggest thing I've learned from your videos and from my own 4 month futures trading experiment is that futures are tricky, can make you money and can definitely lose you money just as easily.
I'm sure we would all love to see you do another month. Maybe you can get a few paper accounts going alongside the real money account to get several different outcomes.
Either way thanks for continuing to make good content.
Yes. NinjaTrader allows you to have several simulation accounts while alongside of your personal account. He could run minis and see how the folks that are making $500 to 3k a day are doing it.. they all have accounts over 7k and trade 1 mini or more per trade. I typically tell folks to not trade minis unless they have AT LEAST 10k in their account as futures can be unforgiving.
i swear you have one of the best channels on yt,with all those scammy gurus who promise u the world all the time its good to see something like that
bless 🙏🏻
This video has shown exactly what I've been thinking of doing for the last few months. Thank you for doing this, and I would like to see another month of this to see, like you said, once you get up the learning curve it starts to be more successful.
Let's Talk 👆👆📲📲📈📈.
Exactly the kind of videos we need :) ! Very realistic. Sorry for your losses hopefully your next experiment turns out much more profitable !
I appreciate that you shared this. This is the first time I’ve seen a Trading Bot in action. As for testing it out for another month, personally I am indifferent to that. It would be cool of course and I would watch it. I’d just hope it would be more successful for you next time.
What I would find more interesting though, is if you made your own Trading Bot and tested it out even with just paper trading. Not sure if you’d want to commit the time to doing that, but to see something in action where you can explain the logic you implemented would be cool. Even if it were a video series showing the development from learning to having a functioning trading bot. Just a thought.
I have several videos showing my Algo in action. You can watch those.. Also just from experience I have been doing this for over two years and the knowledge you learn and dedication and time that it takes to continually update strategies and settings is never ending.
i been waiting for another video like this, love these experiments. right on my birthday too
Let's Talk 👆👆📲📈📈📈
This video was really interesting and well made, I would love to see you do another video trying out one more month. Great stuff as always!
Excited to say he has stayed for another month. So I am excited to see his progress in my Algo.
It would definitely be cool to see how this works over a longer period of time! Great vid!
Thanks I appreciate your trial efforts I was looking at it as well. Came across as expensive cheers
Very interesting, appreciate the transparency.
I completely agree about this open source algo stuff. My investor wrote and uses his own algo that he uses for trading and I know that he has never open sourced his algo.
Great Video! I would love to see more of this.
Awesome video man, would love to see this running for one more month!
Bro it’s crazy. I got super into trading around the same time I found your channel and I’ve been on the grind on a small options account learning everything just about the same time as you post all your vids. Really cool how far your knowledge of the market has gone🙌🏽
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How’s trading been you quit or kept going
There is no substitute for good old fashion learning and doing it yourself. Nice video Daniel!
I’d rather learn as a use a bot
@@Ibloopspeak English noob
Really liking your video. Excellent quality 👌
I love watching these!! Good job!!
Thanks so much for doing this for us, Daniel. I would love to see more if you can afford it. Good luck with your next go round.
Let's Talk 👆👆📲📲📈📈..
"Why would anyone sell a trading algorithm when they just can scale it up themselves": Many reasons
a) Affiliate commissions. Trading Bot providers recommend you to use their house broker, which typically pays ongoing commissions on the trades the retail traders make
b) Revenue from sales. Trading bots sell from under $100 to up to $1000 per license
c) The more people that use your strategy, the more likely it will work. Granted, the FX Market is huge so the impact is neglectable. But still, as you often operate within market makers, it could have an impact.
So it definitely makes sense to sell Trading algorithms.
$100 to $1000 arent accurate figures for any succesful trading bot, try 20k
@@RADICALDESIGNOFFICIAL even 500k................with bunch of MIT IT engineers
@@elwoodpalmer720 of course yeah but theyll get snapped up by a hedge fund, im tallking about retail having access to one of these
That was fascinating. I'd love to see a 2nd attempt!
Would love to see another month!!! You’re the man!!!
What a frustrating and interesting job you've done, thanks for your patience!
Definitely interested in more of these. Even if it's just paper trading I'd say run as many of the strategies on as many of the recommended intruments as possible to get the largest sample size you can.
yes !!!! next
I want to see him drink a bottle of Jack Daniels' and take the C8 corvette for a spin!!!!!!!!!!
Paper trading is one of the best ways to really be able to see just how well a particular strategy will work without any of the risks and something that I am constantly recommending that people try.
I recommend paper trading on two different levels, one that is close to your real world budget so that you can see how the results would actually be with a limited portfolio, and the second one with the sky's the limit approach where you can trade as much as you want just to see an aggregated result.
Cool experience! Thanks for the working tip👍🏻🤝
Thanks for your insight! We did alot of bot testing over the years and in our experience it is possible to make money with them but you need to stay on top of the settings and tweak them as depending on how the market dynamic changes the bot parameters of the bot might not be as good depending on the strategy
A trading bot that needs constant intervention from the account holder. Might as well do it yourself then.
Thanks Daniel, great video. I’d love to see another month, but maybe just sticking with one strategy/instrument the whole time. Going back and forth makes it hard to see what’s actually working.
Yes. I agree. YM is super solid as well as NQ on the trend Algo. Nasdaq is my favorite though, so I always start with that product when I have a new Algo developed.
@@boldbot9591 what's the trend algo's name?
@@taylorx2 BoldTrend. It's part of my Algo package.
@@boldbot9591 this video is based on your algo?
@@taylorx2 Trend today made around $500 per micro.
Thanks for taking a hit for people like me who wonder if these work, thanks for your time and sacrifice!
Good video, cool to see someone start from no knowledge and try it. I've known some ppl. that have had minor success with algo trading but I think your point in the beginning is true...the great algos aren't getting sold on twitter for $1000. The quants that make them are keeping them or selling them to the fleece vests on Wall st. for a lot more.
Yive always heard about machine and algo trading but this video was the first time i saw it. Thanks
With what I’ve learned over two decades in the stock market, given enough time, solid investments have the potential to double the initial principal amount, but many investors are instead attracted to the lure of high yields in short periods of time despite the possibility of unattractive losses before even getting out. So the onus is on newbies to beware.
Well done Daniel, yes please continue longer, it seems there is a learning curve for the operator, so that is NOT Algo trading, thank you for experimenting 👍😊
Let's Talk 👆👆📲📲📈📈.
At 4:23 the strategy analyzer says its Sharpe ratio is 0.72. That means it's taking a lot of risk. A Sharpe ratio above 2 considered good, anything over 3 is excellent. Anything under 1 is not worth running.
Thank you for sharing your experience.
i would love to see the other trend based algo working on a live account if you are down for it. I have hand coded a few futures trading bots myself in python and know the frustration of changing and evolving markets so id be very curious to see how it ends up doing?
Was waiting for this one and happy to see it. I would say , if budget allows to stick with it and let’s see what happens. I think with a bit more of the system under your belt you should be able to fix those issues you ran into and get out in the green next time.
I love you're content aswell as your editing, audio design and cinematography. Best quality I've seen in years.
Also you might aswell give it another go ha.
Let's Talk 👆👆📲📲📈📈..
Wtf bro I've seen you taking a beating in the market my heart reaches out to you I'm thankful that I don't have to run that experiment because you did... Thank you
one more month for sure! With NT, I think the margin required to take the trade also considers your auto stop loss level so perhaps you had enough margin for the initial trade, as mentioned, but if the trade turned on you, you wouldn't have had enough margin to cover the loss of where your stop loss was placed?? just a thought. Great video as always ✌
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I truly love Daniel's channel because of his honesty. The only people making money with these kind of promising bots, algorithms, strategies etc. are the ones we are paying to. If you want to make money, you have to create value for others. By buying something, you will not make money the next day, period.
Def wanna see you go another month on this. Super interesting. Thanks for the video!
Excited to say he has stayed for another month. So I am excited to see his progress in my Algo.
Yes, definitely give it another shot! I’m intrigued to try as well…
Great video daniel. I’ve been in paid group before with not a good result and decided to take a break from trading. Just observing and studying for now.
Thanks for doing this. I've been intrigued by trading bots. I hope you try it again, it seems like there is indeed a learning-curve here. I was surprised that you didn't use Lauren's recommended settings as a beginner.
Let's Talk 👆👆📲📲📈📈.
Very interesting! Would love to see another video on this
First rule of any algo trading is to backtest your strategy before going live.
Yes I think you need to give this developer a fair shot it sounds like she has a pretty good success rate jumping in and out of micros and minis and various contracts though maybe not the best idea just stick to one and test it for three weeks look forward to seeing the follow up!
Thank you Max. I appreciate the kind words
U should come up with a rule based system for determining trend vs range environment. It's something that pro traders do everyday religiously before mkt open. Definitely curious to see your results trying this again.
Otherwise, I think your expectations were a bit unrealistic headed into this, even despite your skepticism. $1.5k/month would be ridiculously cheap for a 100% hands off net profitable algo trading strategy. For that price it is not unreasonable to have to tweak it. Great video, gl
Very cool, useful video. I trade with a bot developed by my friend, it gives good results, but your video opens new horizons
Thank you very much! What a good video ! Keep up creating contents please :) Really good content for real
You're the real anti-guru. Part 2 please.
I had a similar experience while trading in Forex. Back-testing and simulation accounts always show a positive result and somehow while trading on the real account, sh*t gets real.
Let's Talk 👆👆📲📈📈📈
simulation are using fake too good to be true data. almost like they want to imprint the pattern on you
Great video. I’d like to see you try it for another month.
Excited to say he has stayed for another month. So I am excited to see his progress in my Algo.
This man makes a video implementing everything I wonder about 😂 love it another month
I would love to see a round 2. I would also like to see you put in a little effort. If you can crush it with minimal effort that's pretty much just as good as in your sleep in my book. I'm learning how to trade futures right now and I feel like I'm going to end up giving a bot a shot at some point. The ones I've seen so far still need you to keep an eye on them and know the favorable and unfavorable conditions. It might not be effortless, but without them there is a good chance of not being able to keep up with the market and hit every opportunity for the strats they're using.
A few years ago I personally tested over 1000 algos on an MT4 back tester and without fail they ALL lost. Maybe the algos have improved. I even got some written for me and they lost too. One called Gallileo looks interesting but I haven't tested it. Maybe someone else has ??
Great insight Daniel, I build my own bots in Metatrader and find they have to be switched on and off based on market conditions, I would love to see a longer test even on demo
Great video, trading come with a lot of benefits And I have just bought my second house through it. As a beginner I was scared of loosing my savings but I’m glad I took the bold step that is now favoring me.
Bot
Interesting introspective on this. It seems like one would have a good deal of success, or is likely to if they set everything up properly and spend a good deal of time learning how it works and finding the fun quirks. Again, this is interesting. Thanks for posting.
Would love to see this trading strategy for another period. Couldn’t help but think the learning curve could take a couple of months. Perhaps a good way of imagining the algo is thay it accelerates this curve, rather than completely remove it
Please give another shot! Awesome video!!
I agree he should come back!!!
You are excellent at presenting your videos. NT has a big learning curve. I appreciate your videos.
I am curious, NT seems to have a lot of features, but why would you think they built algorithms centered around something like NT rather than just a brokerage API? Perhaps it's to kill any dev time for push/pull features? Or is there some sort of speed factor here with trade placement? I ask because it seems like you have experience.
Those fees are insane ! No way s it worth the risk.
so how do market makers do it for sure they dont do manually!
exactly
Thank you for doing that! lets all support Daniel so he can be an OSHA for all the "gurus" out there ) Love your vid man!
I got into future trading cuz of you but i switched to forex now. Hope to see videos about that in the future.
Sounds like you would have made money with consistent position sizing...as your P&L curve goes down reduce size, as it goes up increase size. Thanks for sharing!
Should consider running multiple, complementary strategies at the same time. So mean reversion and trend, you wouldn't expect both of these to do well at the same time (by definition), but if both strategies are profitable in the long term, they should do well together in a portfolio. You'd probably need to put in more capital, but keep the trade size level small.
An algorithm can make any decision you do. You just have to tell the computer what decisions to make and when. The success of the algorithm depends on the success of the trader programming it.
Back and forward test everything without curve fitting and incubate your algo on demo without manual intervention for several months before committing your hard earned cash .
Being there, done that and this is the only way to learn how to trade and to get more experience and minimize losses, good luck and thank you for being transparent .
Thank you for this video. I have been curious about algorithm trading and if it works, and if it does, why doesn't everyone do it. Liked and subscribed.
Nice video, try it for longer
I agree. Excited to say he has stayed for another month. So I am excited to see his progress in my Algo.
Algo trading is something I just started looking into so this video has perfect timing for me. Please retry the experiment with weekly backtest comparisons prior to taking a strategy for the day/week and sticking to micros only. Maybe on a 10k paper account to minimize real world losses. Thank you and subscribed.
Very interesting, I like this video - open and honest review… I vote to try it again !
Really great video...i live in trinidad and tobago and there aren't much options to robo trade...i am very new to trading but enthusiastic about making $ with little effort even if it takes some work...once its profitable...thanks for your commitment to a gd video
Interesting video. Try it again if you can.
Finally an honest trader. Well done. Do not invest in online bots. You will be fooled eventually. Don't forget that 90% of traders lose money. Bots that have an edge are not available to retail traders.
Yes, please give it another shot, definitely interesting content. Great video! 👍
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starting to really like your vids, i would be interested to see another month!
Excited to say he has stayed for another month. So I am excited to see his progress in my Algo.