9/24/21: New Take on Trading

After much time and consideration to how I have been approaching trading I have been looking at and testing a new, much simpler approach to trading with the AlgoNinja Algorithm. Over the past 10-12 months I have been focused primarily on win % as the driving path, but as I learn and now realize there is an importance to things like average win vs. average loss ratios. With that I have been running live and testing a couple of different sets of settings, also testing some features on the new version of the algo.

One very powerful feature that has been added is a bar delay for order entry, this has really made a big difference and I have not seen this feature on any other algo yet. Here are some pictures of charts to show what I am saying:

In the case above the algo is set for a 3 bar delay, but this value can be set to anything that works for your trading style, you can see that this delay stopped the algo from taking a long trade that would have gone for a loss. Here is an example of a trade that did enter just to show the difference:

This is a real game changer, its also a benefit of going with AlgoNinja as the owner / programmer is also very open to new ideas, concepts and can program and implement very quickly.

Another benefit of the service is the trading room that is run through Slack, its a area for easy community idea sharing, learning, encouragement, etc.. As an example of this just last week one of the algo users posted that they were having great success with a Renko bar strategy. He openly shared this with the group and I have since tweaked it some and have been testing, the results from the past week are really exciting:

I will be trading this live starting next week, will also be doing some testing of some adjusted settings at the same time. Looking at the numbers with the new mindset the max winning trade was $150 and max losing trade was $26.25, the average win was $23 and average loss was $20, even at 50% win rate this would be considered a good setup but the win rate was 60%.

The plan for next week is to run these settings live as is with no changes, I will be testing the following tweaks to optimize a bit further from looking at the charts and trades:

  • Adding a third contract, will close contract and take profit at a key Pivot Point (New feature on Algo)
  • I will be setting the 3rd and final contract to close with a trailing stop, this is what I call a runner contract as the trail is far enough back to stay in the trade as long as its still in a long trend
    • Reduce number of trades, winners and losers, but also less commissions
    • Maximize profits only giving back delta from peak to Trailing stop
  • Will test / look at different values for stop loss and taking profit on contract one

All in all I am super excited about this algo and these settings for sure, so grateful for the community and product that AlgoNinja has put together. If you are interested in trying the product please click the AlgoNinja link or use discount code Honest50 and you will get a 50% discount off of your first month of membership, I hope to see you join the team, we are on a path to life changing profits.

8/11/21: I am Back

Its been some time since I have posted, took some time off to get a break, did some traveling with the family and lastly took a new position at my day job. That said I have had my algos running in simulation on MNQ specifically for the past month of so, here are the results:

For not actively even looking at the program and just letting it run, I will take that, I will be cutting over to live trading on Sunday for my settings on MNQ. Also helping with the testing of the new version of the algo being developed by AlgoNinja, very exciting and is a step change in options and performance, but it will take time to get it where it needs to be for sure. Patience is always tough when it comes to trading and making money 🙂

6/30/21: I’M BACK

Well I am back from my vacation, recharged and ready to share more information. I have been digging in looking at my two ongoing obsessions, futures trading and supplements / health.

Futures: I am working closely with the developers at AlgoNinja on the newest version of their system being developed, I am currently helping with the development and testing. I have started a page where I will be posting a sneak peak at the new version, https://honest-information.com/algoninja-5-0/

Supplements: I have been looking at a few and also testing some, the following have my current interest, more information to follow.

6/20/21: Weekly Update

Just wanted to drop a note, I am on a much needed vacation with my family, I turned the algos off on Thursday, about a day too late as my 6E took a absolute beating on Wednesday, due to the Fed announcement I am sure. I will post the numbers later this week but in short it looks like I gave back all profits from the previous weeks in one bad day.

Truthfully this is the nature of trading futures, also of note I did not have some of the features of the AlgoNinja system turned on, specifically the money management feature that has a ton of powerful tools. On my next post I will go into more detail as to what these are and how they work, as I WILL be using them going forward, also will be avoiding trading on days of the Fed making statements.

On a positive note, I will be digging and and testing the newest version of AlgoNinja that the team has been working very hard on. I have not installed and learned all of the ins and outs of it but from what the developer has told me it will now allow a trader to place a trade and have the algo manage the exists as though the algo created the entry. This is a cool feature that I have not seen on the market yet. I will do a post on this while I am on vacation as well.

As always if you have any questions please reach out and send me a note, would be good to know if people find this useful or not as well..

6/13/21: Last Weeks Performance

Overall it was a good week, MNQ was horrible but in total I was green, this is three weeks in a row:

I am now also testing in SIM a HG setting that looks about as good as 6E, will confirm it trades well without issues and then will go live with it. Here is a snapshot of the testing:

In total I can say that I am happy with the consistent results, I really think having 1 or 2 more setups like 6E and MNQ will get me to my overall goal. HG for those that dont know is copper futures, this is linked to the general economy but not as emotional as gold futures. So at the end if these three work out I will have a setup in a metal, a index (MNQ) and a currency 6e (Euro FX).

5/28/21: What a Week

So I posted earlier in the week about my statistics month to day and talked about going live on 6E (EURO FX). Since that post I had some big ups and downs, the MNQ settings had (5) max loses back to back and my first trade in 6E was a loser. This is after both had shown great trader performance over the past couple of months, but this is the nature of the business. With that all in all I still finished in the green:

Some things to work on this weekend in prep for next week:

  • Review entry settings on MNQ
  • Optimize money management parameters for both 6E and MNQ
  • 6E could use some improved break even and trailing stop loss settings

To give some more insight into the week, to understand what a week trading futures can look like here is another view of the trading for the week:

Small wins to start, followed by two days of big loses but I stayed in it and added contracts to MNQ as I knew it would turn around. Today is proof that it would and this is with my shutting trading down at lunch time today.

5/25/21: AlgoNinja to Date

So just feeling nostalgic today, still getting over the nightmares involved with the Bold Trend Algo and dealing with the management of that group. Here is the live no BS results from my small account since going live with AlgoNinja:

Keeping in mind the first weeks going live I was really just learning the new system also working with the algoninja developer on new version updates and testing. With this the algo in now on the 5th version and even more powerful, here are my results for just the past three weeks, only 2 weeks live trading (5/9 to 5/25, did not trade live last week).

As I wrote about in a previous blog I will be going live with other settings, also scaling in with more contracts moving forward. Statistically speaking this is 33 trades, 3 contracts per entry, so its only 10 trade entries so I still would expect loses to be seen in time, but hey on a $1,500 dollar small account the $397 net is a 26% gain in a month, I will take it.

5/24/21: New Settings for Euro FX Futures

So for those that follow my Blog I had found settings for Euro FX futures (6E), I also trade this actively on iSystems, which is a online automated futures trading service. With that I have been looking for settings to use to counter the iSystems algo I am running (risk management). This is the results I have found from back testing further, I can also note that I did have a live trade in Sim last week and the algo traded as intended.

Now normally I would let this run in SIM for at least 30 trades to compare to back test results, but given this would most likely take a month to play out I am going to be going straight to live trading with this. It still has a reasonable stop loss ($150 max loss) for (3) contracts to start, will scale with profits.

Overall this makes two algo settings I will be trading live, MNQ and 6E, I will post later in the week what the trading plan is and what the expected outcome is projected to be. This will keep things open and Honest.

5/23/21: Prep For Next Week

Now having one week of sim trading on the new algo version and another week of testing, I will be trading live on MNQ. I have also been working on some settings for E-Mini Nasdaq, with my small account I would not have the funds to cover the Margin for NQ ($500 per contract). But I will be running my NQ settings in Sim this week, if it trades as well as its tested I will move some funds over to cover the margin requirements.

5/21/21: Week 3 Wrap Up

So this week was only SIM trading given the new algo, needing to create and test new settings, sticking to my rule of having enough trades in Simulation trading to start up and trade live. This said it was a decent week, I am getting there with settings for Micro Bitcoin Futures, still needs some work. The algo settings closest to trading live did pretty well this week as shown below.