ShaunWhite wrote: ↑Thu Dec 28, 2017 1:11 am
PeterLe wrote: ↑Wed Dec 27, 2017 9:21 pm
Euler wrote: ↑Wed Dec 27, 2017 8:23 pm
Hope Koratt wont mind me saying, but he has struggled with the emotional side of it. Trading is a right old rollercoaster and it can mess with your mind.
Just a thought; I also nearly threw the towel in 9 years or so ago as I couldn’t master manual trading. I decided to try automation ( then excel) and never looked back. It surpassed my wildest expectations, truly
However if Korratt decides to give it a try, there is still an amount of emotion involved , but to a lesser extent. Some days (Boxing Day) are fantastic, some days (today, for example) hardly a bet fired in. Patience is a great attribute to have.
Worth a look ?
Do you mind me asking roughly how many bots you have in your arsenal? I assume you choose just one or two for any given sport/scenario.
And are you a find it in the data first kind of guy, or start with a hunch and keep tweaking.
Morning Shaun,
I probably have less than 12 Bots (All Horse Racing), although of those I mainly run a single BOT on a number of accounts, but sightly different entry and exit points. This single BOT is the one that has created the biggest proportion on the overall P&L over the years.
I started the main BOT on a hunch (an educated guess Id like to say!). I have tried analysing data (Thanks to Xitan), but, I found it just wasnt for me and I was creating patterns that didnt exist, so I stuck to what I knew worked. That's not to say that analysing data doesnt work as I know one individual who is going very well doing this, but you have to be prepared for big up's and down's.
If it helps; what I would say is that where possible try to limit the trigger criteria to as simple as possible. (Google conjunction fallacy). Eg if you are betting on say, the number of runners and the course, this will trigger more often that if you use the former PLUS the back book percentage etc...so there will always be some element of tweaking, but keep it as simple as possible (google Occams Razor).
My original thoughts to Korratt was - You,ve tried manual and it didnt work, perhaps time to forget it and try something else? Start slowly and be patient.
Regards
Peter