Success Story: Leo
By Dave Mabe
Leo was already a successful trader, but he came to me several months ago with a problem and a goal.
He was already consistently profitable, but he felt he was too dependent on a single strategy (what if it stops working?).
He was also still click trading - that is, trading a well-defined system but entering his trades manually.
His goal was to become no longer so reliant on a single strategy.
To accomplish this, he set a modest milestone:
Create one new profitable automated strategy.
The automation was key since he didn't want to disrupt his existing process and strategy.
He had done some rudimentary testing in Excel, but hadn't done any real backtesting.
Leo started with Amibroker and created some backtests from his list of ideas.
In hindsight, the timing was perfect since I was just getting the Strategy Cruncher and Trade Client off the ground.
(Leo gives me excellent feedback from beta features in those programs.)
Fast forward to the end of last month.
Instead of a single strategy, Leo has created and gone live with 5-6 (maybe more by now).
And here's the first month of live results (shared with permission):
39R in a few days. Nice!
He has mixed feelings, though, since the bot's fills are clearly better than his manual trades:
It gets a better price than I do just because it sits there and waits for it and puts it in quicker than I do, actually. By the time the locate comes, by the time I've got a manual order in, I'm miles off.
I've been there - it's humbling to have a machine do so much better than you at something you've worked years to master.
Congrats, Leo, and thanks for sharing with the group.
Also, thanks to Leo for giving a great presentation in the MabeKit Mastermind a few weeks ago for the benefit of the group.
-Dave
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