ruthlessimon wrote: ↑Sun Jul 22, 2018 3:11 am
Derek27 wrote: ↑Sun Jul 22, 2018 2:33 am
It's simply loss recovery and doesn't make sense.
No, you've assumed it's loss recovery (unless I've misread the OPs original post). I didn't see any mention/data of similar style losses early in the day?
Time is just as valid an area for improvement as any other variable (i.e. sucking at competitive races). But I'd say there's a confounding variable somewhere. The best example I can think of is (although doesn't apply directly to the OP), lack of focus. A trader who simply cannot cope with the demands of 8hrs of trading, will see a consistent drop in performance later in the day. & to tell them "the only way to stop your profits disappearing is to stop trading for life" is a bit silly imo!
markybhoy wrote: ↑Sat Jul 21, 2018 1:00 pm
I am currently running a automated system with greyhounds. 60+ races per day. The problem is i can get profit if over 30% some days but because the bot keeps running i sometimes end up with a loss.
Is there any way to stop guardian once a set profit is reached or once my account balance reaches a set ammount??
I don't do automation but I didn't know bots suffer from fatigue and need a rest after a few hours.
Stopping at a 30% profit but continuing regardless of how much you lose, if that's not loss recovery what would be the reason for continuing?
There isn't really any different to loss recovery and lack of profit recovery - they both involve betting purely because you're dissatisfied with your position!
The bottom line is that if a bot makes money and then loses it if it continues, it's not making anything - it's a losing bot, stopping for a few hours and then starting it again is pointless.
I suggested giving up trading for life as a better alternative to stopping a bot for a few hours to avoid losses and then continuing with it, hoping it will perform better,
out of those two options. I wasn't suggesting it was the best option. As SHR suggested, tweaking, reconsidering, analysing the results could be the way forward.