I trade manually too but on a higher time frame (daily) than what my bot does (which trades in minutes). I use the same technical analysis that my bot uses but it does it hundreds of times faster and hundreds of times more frequently than I do manually.
My purpose for creating the bot is to free myself from needing to sit in front of my computer for hours every trading day, while making even more profits than I ever could trading manually. I get fatigued trading manually and would often see myself taking sub-optimal trades after a while. The bot would always just stick to the rules of the trading I have set and would never deviate. So that hopefully someday, I could be drinking an ice cold beer on Boracay beach while my bot makes enough money for me to not have to worry about money anymore. Haha Well, it does profit an average of $150/day on 0.01 lot size positions. When it hits $10K equity, I can increase the lot size to 0.02 and theoretically, double the profit.
Yeah I was worried you were going to say that. I applaud you for trying to build this from scratch. In the end it’s definitely worth it because its tiring daytrading and this can do it for you automatically. But it needs a bit if work to smooth out these drops. I would only use this on money I could afford to lose. At this time i dont have that so I’ll have to wait for risk management to be better controlled.
I understand that it makes total sense so how many positions does your bot have open during any given time. Also what if a potential spike happens or a crash is your bot closing all positions immediately or ? I kind of want to create a bot that takes my strategy and use it on a demo to see how worthwhile it’ll be. Well I know I’m profitable with my trades but emotion still comes in from time to time where I’d like to see an emotionless bot just get in and grab the trade as long as it meets the criteria.
The indicators that my bot uses are stochastic oscillator, ADX and ROC to determine when to open positions. It then uses ATR to know when to take profit or when to close a losing position (it does not preset a take profit nor a stop loss. It dynamically determines when to close both winning and losing positions based on triggersI have set)
Ahhh I see maybe I’ll try to learn more about EA’s. I’m not a coder so I guess that’s the first obstacle to beat. I’m highly intrigued now and want to learn more about this honestly.
It’s funny I already use stoch as one of my indicators I barely use it but it’s on the chart for me to see. I’m going to learn a bit more about EA’s though a little bit more interested in getting my strategy in a automated form to be copied by my EA.
I was a noob when it happened so I didn’t truly understand and actually I got the account out of the rut. It was a pretty sizeable amount but at the same time it’s money I could afford to lose so it didn’t truly bother me as much as it should of.
Yeah I think that’s the key right there. I’m such a noob myself that even if my current account gets blown, it would hurt but I wouldn’t be depressed over it.
Congrats also on getting the account of the rut! 75% is huge!
Exactly 1 month of forward testing today. It again survived another long negative run since Monday of this week (Friday now) but was able to recover and still make a profit last night. So far so good, although EURJPY gave my bot a hard time this week.
EURJPY was not profitable this week. It went on a long buy run starting Monday until Thursday and resulted in a loss of -$1K. This week overall though, the bot was able to absorb the EURJPY loss and still profited by $232.
Starting capital I’ve tested it on is $5K. On the first day of running the bot, the drawdown went to about 42%. It has since managed to keep the drawdown lower than that ever since.
Interesting, I was thinking about bots the other day specifically programed based on ATR.
I was also thinking about a program that will put on multiple positions both long and short within the bounds of ATR.
impressive the dynamic nature you have programmed into it.
Would be interesting to do a post-mortem as to which thing or things wiped you out.
Thinking it would be possible to somehow program an emergency eject where all trades are immediately closed. Or a warning notification based on drawdown or perhaps percent of positions held in relation to SSI, the buy sell ratio and maybe strong weak analysis.
The other thing to consider is run the bot up to 5,000 or specified amount and continue to withdraw money that would be used in higher time frame trading.
I suppose depending on the account size. Even if I had that drawdown it still wouldnt feel too bad 
