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| Subject: | "Daily Batch Discussion" |
| Posted by: | Brian Atkins ( C2 Score: 995 ) |
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| When: | 5/18/12 (13:15) | |
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| | I am the developer of "Daily Batch". We have been a fairly successful system for the last year and a half. I have not had much interest from subscribers up to this point. I am curious what improvements the C2 trading community would like me to make to my program to garner more interest?
I welcome any and all suggestions or recommendations from both system developers and trading clients.
Thank you,
Brian |
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| Subject: | "Daily Batch Discussion" |
| Posted by: | Kingda Admin ( C2 Score: 1000) |
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| When: | 5/18/12 (16:07) | |
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| | In response to post by Brian Atkins of 5/18/12 (13:15) I am the developer of "Daily Batch". We have been a fairly successful system for the last year and a half. I have not had much interest from subscribers up to this point. I am curious what improvements the C2 trading community would like me to make to my program to garner more interest?
...
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| Subject: | "Daily Batch Discussion" |
| Posted by: | Mark Pey ( C2 Score: 552) |
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| When: | 5/18/12 (23:05) | |
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| | In response to post by Brian Atkins of 5/18/12 (13:15) I am the developer of "Daily Batch". We have been a fairly successful system for the last year and a half. I have not had much interest from subscribers up to this point. I am curious what improvements the C2 trading community would like me to make to my program to garner more interest?
...
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Hi Brian, I'll just give my $0.02. Looks like for the trailing 12 months you got about 34%, not bad at all but I think people see other futures systems that can easily lose that much in a couple of days and shy away. You had a dead spot from October through May, no return. The initial spike return when you started was impressive, slower since then. Doesn't look like you overtrade, which is good. Average win size is good, not just scalping and having gains eaten up in slippage. Profit factor is fine, 1.9:1. Hey...looks pretty good really...maybe I'll sign up! |
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| Subject: | "Daily Batch Discussion" |
| Posted by: | Brian Atkins ( C2 Score: 995) |
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| When: | 5/19/12 (17:29) | |
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| | In response to post by Mark Pey of 5/18/12 (23:05) Hi Brian, I'll just give my $0.02. Looks like for the trailing 12 months you got about 34%, not bad at all but I think p...
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Thanks for the input. For the record: The first two months were more volatile due to some symbol confusion and learning how to best utilize C2. (I did not have any subscribers at that time) The rest of the track record is a pretty good sample of what my system does. We will have dead periods where there is little to no trading. We will also experience draw downs in the 10% to 20% range.
Again, I appreciate all input.
-Brian |
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| Subject: | "Daily Batch Discussion" |
| Posted by: | mark varney ( C2 Score: 236) |
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| When: | 5/19/12 (20:28) | |
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| | In response to post by Brian Atkins of 5/18/12 (13:15) I am the developer of "Daily Batch". We have been a fairly successful system for the last year and a half. I have not had much interest from subscribers up to this point. I am curious what improvements the C2 trading community would like me to make to my program to garner more interest?
...
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Hi Brian,
I think that your system is very good.I am currently between jobs at the moment.But as soon as I am back in work, I will definitely be subscribing to your system.Can I ask how long it took to develop please?How much of the total capital do you limit your losses to, with your stop losses?2% of capital or 3% of capital or more?I think your system is very good as you have a good average winner p/l compared to average loser p/l.I have noticed on collective 2 that many people want a system that has a very high winning % for trades.In my mind that is not ideal.Your approach manages the risk far better.Keep up the good work.
Thanks,
Mark |
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| Subject: | "Daily Batch Discussion" |
| Posted by: | Karl A |
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| When: | 5/19/12 (21:36) | |
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| | In response to post by mark varney of 5/19/12 (20:28) Hi Brian,
I think that your system is very good.I am currently between jobs at the moment.But as soon as I am back i...
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Totally agree.
As someone has previously noted on this forum, the relationship between win percentage and the ratio of average win to average loss is ignored by most people. If you go to The Grid and search for the top systems older than 365 days and with less than 25% drawdown (this is my personal cut off point) you will find that the top twelve systems (with one exception) all have low win percentage but high values of the above mentioned ratio. "Cut your losses short and let your winners run" will usually win in the long run. For some reason many of the forex developers think a high win ratio is the most important thing and they try to achieve this with Martingale like or "Hold and Hope" strategies, no wonder that so many of those fail.
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| Subject: | "Daily Batch Discussion" |
| Posted by: | Karl A |
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| When: | 5/20/12 (4:19) | |
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| | In response to post by Karl A of 5/19/12 (21:36) Totally agree.
As someone has previously noted on this forum, the relationship between win percentage and the r...
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Regarding my personal cut off point for drawdowns of 25%, I do make exception, like in the case of Daily Batch and other systems which otherwise have good strategies and favorable statistics, in addition, I sometimes add an additional capital cushion which will keep the drawdown under 25%. |
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| Subject: | "Daily Batch Discussion" |
| Posted by: | Brian Atkins ( C2 Score: 995) |
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| When: | 5/20/12 (8:29) | |
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| | In response to post by mark varney of 5/19/12 (20:28) Hi Brian,
I think that your system is very good.I am currently between jobs at the moment.But as soon as I am back i...
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Mark,
Thank you for your interest. At times we will risk as much as 5% on a single trade. These trades are rare, and I will move stops quickly to reduce risk. 2% risk is much more common and is a level I am very comfortable with.
-Brian |
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| | In response to post by Brian Atkins of 5/20/12 (8:29) Mark,
Thank you for your interest. At times we will risk as much as 5% on a single trade. These trades are rare, and I will move stops quickly to reduce risk. 2% risk is much more common and is a level I am very comfortable with....
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Brian,
What kind of stop do you use? I see on 3/8/11 you had a 16%+ draw down. How much are you willing to lose on a single trade?
MNS |
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| | In response to post by Money Never Sleeps of 5/20/12 (18:09) Brian,
What kind of stop do you use? I see on 3/8/11 you had a 16%+ draw down. How much are you willing to lose on a single trade?
MNS
Brian,
I read where you said "The first two months were more volatile due to some symbol confusion and learning how to best utilize C2."
That might explain that draw down. I'll keep an eye on Daily Batch. |
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| Subject: | "Daily Batch Discussion" |
| Posted by: | Brian Atkins ( C2 Score: 995) |
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| When: | 5/20/12 (19:58) | |
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| | In response to post by Money Never Sleeps of 5/20/12 (18:50) Brian,
I read where you said "The first two months were more volatile due to some symbol confusion and learning how to best utilize C2."
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MNS,
That is the reason for the extreme volatility early on. I was learning how to use C2, and I did not have any subscribers at that time.
-Brian |
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| Subject: | "Daily Batch Discussion" |
| Posted by: | eminiglobex ( C2 Score: 996) |
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| When: | 5/21/12 (11:36) | |
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| | In response to post by Brian Atkins of 5/18/12 (13:15) I am the developer of "Daily Batch". We have been a fairly successful system for the last year and a half. I have not had much interest from subscribers up to this point. I am curious what improvements the C2 trading community would like me to make to my program to garner more interest?
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I think it's fair to say futures systems don't attract much interest on this site.
If you could replicate the results in the spot forex markets, i'm sure this would attract much more interest. |
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| Subject: | "Daily Batch Discussion" |
| Posted by: | Brian Atkins ( C2 Score: 995) |
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| When: | 5/21/12 (13:25) | |
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| | In response to post by eminiglobex of 5/21/12 (11:36) I think it's fair to say futures systems don't attract much interest on this site.
If you could replicate the ...
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thanks for the input. I actually run a small hedge fund that trades very actively in the currency markets. We have found that paying a small commission for currency futures through IB is cheaper than using the spot FX. Unfortunately, that program will not be offered through C2.
-Brian |
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| Subject: | "Daily Batch Discussion" |
| Posted by: | axel burnett ( C2 Score: 998) |
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| When: | 5/21/12 (16:55) | |
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| | In response to post by Brian Atkins of 5/21/12 (13:25) thanks for the input. I actually run a small hedge fund that trades very actively in the currency markets. We have found that paying a small commission for currency futures through IB is cheaper than using the spot FX. Unfortunately, that program will not be offered through C2....
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Brian, what instruments are you talking about and how much do you pay through IB per side strictly for commission (exlude exchange,, NFA and other fees)? |
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| Subject: | "Daily Batch Discussion" |
| Posted by: | Brian Atkins ( C2 Score: 995) |
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| When: | 5/22/12 (16:28) | |
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| | In response to post by axel burnett of 5/21/12 (16:55) Brian, what instruments are you talking about and how much do you pay through IB per side strictly for commission (exlude exchange,, NFA and other fees)?
We trade the currency futures traded at the CME at a total transaction cost of $1.87 per side. This includes exchange, NFA, and any other fees.
We currently trade: Euro Currency, British Pound, Australian Dollar, Canadian Dollar, and Japanese Yen. |
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| | In response to post by Brian Atkins of 5/22/12 (16:28) We trade the currency futures traded at the CME at a total transaction cost of $1.87 per side. This includes exchange, NFA, and any other fees....
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"That is the reason for the extreme volatility early on. I was learning how to use C2, and I did not have any subscribers at that time.
-Brian"
You should have been honest in your response. You obviously do not use stops. |
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| Subject: | "Daily Batch Discussion" |
| Posted by: | Brian Atkins ( C2 Score: 995) |
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| When: | 6/06/12 (0:12) | |
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| | In response to post by Money Never Sleeps of 6/05/12 (23:56) "That is the reason for the extreme volatility early on. I was learning how to use C2, and I did not have any subscribers at that time....
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I have never entered a trade for "Daily Batch" on C2 without a stop!
C2 is having some technical difficulties. The current trade is not at all accurate. Please remove your post.
Thanks,
Brian |
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| | In response to post by Brian Atkins of 6/06/12 (0:12) I have never entered a trade for "Daily Batch" on C2 without a stop!
C2 is having some technical difficulties. The current trade is not at all accurate. Please remove your post....
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The forum moderator can delete the post if this is the case. I apologize but it does not give me an option to delete it. If this a C2 error, this is a grave error. This should not happen. Hope you sort it out. |
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| | In response to post by Money Never Sleeps of 6/06/12 (0:23) The forum moderator can delete the post if this is the case. I apologize but it does not give me an option to delete it...
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I see it was fixed. Thank you for clarifying and continued success.
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| Subject: | "Daily Batch Discussion" |
| Posted by: | Ali Gunce ( C2 Score: 930) |
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| When: | 6/06/12 (22:37) | |
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| | In response to post by Money Never Sleeps of 6/06/12 (0:23) The forum moderator can delete the post if this is the case. I apologize but it does not give me an option to delete it...
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I'm a subscriber and it is definitely C2 error and it seems it's been going on for almost a week. |
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| Subject: | "Daily Batch Discussion" |
| Posted by: | Ali Gunce ( C2 Score: 930) |
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| When: | 6/06/12 (22:40) | |
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| | In response to post by Money Never Sleeps of 6/05/12 (23:56) "That is the reason for the extreme volatility early on. I was learning how to use C2, and I did not have any subscribers at that time....
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He is sending stops and take profit levels with entries, so you know your risk before opening the position. Very easy to trade even manually. |
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| Subject: | "Daily Batch Discussion" |
| Posted by: | Wiener Schnitzel ( C2 Score: 620) |
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| When: | 6/07/12 (5:14) | |
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| | In response to post by Ali Gunce of 6/06/12 (22:40) He is sending stops and take profit levels with entries, so you know your risk before opening the position. Very easy to trade even manually.
in two days of (fortunately) demo-subscription there have been 2 tremendous losses...Where are all the stops gone, long time passing? |
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| Subject: | "Daily Batch Discussion" |
| Posted by: | Ali Gunce ( C2 Score: 930) |
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| When: | 6/07/12 (5:39) | |
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| | In response to post by Wiener Schnitzel of 6/07/12 (5:14) in two days of (fortunately) demo-subscription there have been 2 tremendous losses...Where are all the stops gone, long time passing?
There is nothing wrong with the system. There is a problem with C2. For example, system sent a Sell signal for Soybeans at 1352 1/2 with stop at 1392 1/4 but just after sending signal C2 opened the position at 1045 1/4. Soybean price never hit 1045 1/4, today's low is 1383 1/4.
C2 has been opening positions at strange prices where real prices never got close by. It's been like that for a week. Therefore, until C2 corrects this technical problem, system is not tradable by autotrading. |
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| Subject: | "Daily Batch Discussion" |
| Posted by: | Wiener Schnitzel ( C2 Score: 620) |
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| When: | 6/07/12 (7:38) | |
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| | In response to post by Ali Gunce of 6/07/12 (5:39) There is nothing wrong with the system. There is a problem with C2. For example, system sent a Sell signal for Soybeans at 1352 1/2 with stop at 1392 1/4 but just after sending signal C2 opened the position at 1045 1/4. Soybean price never hit 1045 1/4, today's low is 1383 1/4....
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yes, have checked the prices too. The C2 will correct the record for sure, won´t they?
Despite this technical issue do you (or the vendor) think, contracts traded at times with very low volume would be trade-able?
The SOYBEANS-trade at 21:05h was traded at a volume of about 20-40 contracts in a whole minute...this is not trade-able for even a small number of subscribers. |
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| | In response to post by Wiener Schnitzel of 6/07/12 (7:38) yes, have checked the prices too. The C2 will correct the record for sure, won´t they?
Despite this technical issue do you (or the vendor) think, contracts traded at times with very low volume would be trade-able?
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Just to be clear about what's going on at Daily Batch -
The really weird prices you see on the results of course are not real. What is happening is that we brought a new broker online, and they are reporting their fill prices in unexpected price formats (for example, we are expecting a fill of 95.25 but they report 9.525, etc.)
Since C2 posts the average real-life fill of real traders using real trading accounts, our "average" price that we post has gotten out of whack. We're correcting the format problem and correcting the displayed data.
Of course we're also fixing our price-conversion routines so that these symbols can be converted automatically into proper C2 format and these problems won't occur on these symbols again.
In the for-what-its-worth department, we spent a lot of time testing and validating these price formats before we brought the broker online, but apparently the price formats used by the broker are different in their test/sim accounts than in their live accounts.
I really apologize for this, to C2 users, and to the manager of the system Daily Batch. The good news is that these crazy, impossible fill prices are not real -- and the record will be corrected shortly. Sorry about this.
Matthew |
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| Subject: | "Daily Batch Discussion" |
| Posted by: | Karl A |
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| When: | 6/13/12 (15:44) | |
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| | In response to post by Matthew Klein of 6/07/12 (8:04) Just to be clear about what's going on at Daily Batch -
The really weird prices you see on the results of course are not real. What is happening is that we brought a new broker online, and they are reporting their fill prices in unexpected price formats (for example, we are expecting a fill of 95.25 but they report 9.525, etc.)
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The " new broker" Matthew is refering to is Gen3 IB.
I feel compelled to respond because number one I probably pushed more than anybody else for Gen3 IB and number two I endorsed the system Daily Batch.
I stuck my neck out and was the first one to use Gen3 IB for Daily Batch last week which caused the erroneous trades and I paid the price. While it is always painful to lose money this way, the good news is that after each misshape Francis fixed the problem and from hereon the affected contracts should trade correctly.
I did not want to cause any more problems and presently I trade the system manually but I see that other subscribers are now using Gen3 IB which caused a glitch today with the Corn trade - I would assume that Francis has fixed it in the meantime.
Presently I trade the following contracts at Gen3 IB and so far they have been working fine: DAX, AUD, EUR, ES and ZW (that is why I am surprised ZC did not work).
Anyway, it would be helpful if other Gen3 IB "pioneers" post their experiences on the forum. |
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