Sunday, November 23, 2008

First week of fully automated trading

Well the results are in.  It was harder than I thought to keep going when you see losses. Anyhow, I made it through the week and turned out to be a positive one.

No overnight positions, 4 contracts, $1100. I had a loss of -$2900 on Tuesday, but managed to make a gain at the end of the week. 

I may be doing 1 or 2 contracts in this short week.

Friday, November 14, 2008

Trading rules

Time to post my trading rules... This will be refined as time goes on...

1. Absolutely never ever place a manual trade.
2. Cannot interfere an automated trading strategy until trading for the day is over
3. Backtest atleast for one year before using.
4. Only ES
5. Be prepared for maximum drawdown based on the backtesting.
6. Do a real-time testing with simulated account before using real account.