My algo trading daily performance

[mechtrader]

Wouldn't impact cost depend upon lot size?

Yes impact cost depends on the lost size. Though I trade with 1 lot only as of now.

For your prev ques, the slippage tells me me the difference in theoretical P/L (as per the algo) and the actually realized P/L.

Thanks,
MT

 

[Cubt]

Hi MT,



Good going, my best wishes. How do you select your stocks? Based on previous eod data u be ready next day with selected stocks? Or after market opens your algo decides which stocks to trade?

 

[mechtrader]

Hi Cubt,

I have a predefined watchlist of stocks which have good ATR and liquidity.
I apply the algo to the watchlist and trade whichever signal is generated.

Thanks,
MT

 

[mechtrader]

Thanks,
MT

 

[mechtrader]

Thanks,
MT

 

[mechtrader]

Thanks,
MT

 

[Cubt]

Mech,
Do you use any trialing stop loss method once you enter a position?

 

[mechtrader]

Yes i do use trailing stoploss, but that is based on some candlestic patterns.

Thanks,
MT

 

[skamal7]

Hi Mech Trader,
Very happy for your success till now..
1.What is the time frame u use in Trailing Sl's?
2.have u set max risk for the day in algo?

 

[mechtrader]

hi,

1. i use 10 min tf.
2. i dont have any max loss in a day thing, i have max loss for a particular trade.

Thanks,
MT