What a week. I completed several more strategies. Unfortunately, TradeStation has been having lots of issues with its recent update. I believe I was initially on build 1428 and after getting a new computer I was advised to move to the newest build on trade station base which uses version 14 34 Unfortunately this caused even more issues. Positions provider does not seem to work properly on the radar screen. So I'm having concerns about position management when using algo indicators on radar screen. So I was rolled back to version 1428. Unfortunately, gremlins still exist. So for now, i'm kind of stuck. I won't worry about what I can't control though. I will focus on technical analysis and studying the charts. When the platform gets an update, or improves, then I will be ready.!
I let the algorithms run today. Just for the penny stocks. Negative today, but I added some filters and conditional measures that would only allow for penny stocks with a greater ratio of volume versus outstanding shares. I also needed to see that there were no gaps between 15 second bars. I also needed to see that price wasn't so static, as to be illiquid. I created a function that checked to see if the close of three bars were at the same price. If it was, then we raise a runtime error.
Today I spent time cleaning up my workspace. I checked on some algos to make sure they were visually representing good information on the radar screen. I'm pretty much to the point where I'm moving a lot of my algos to radar screen so they can trade multiple assets at one time. With the recent updates of trade station I've been having some issues though with POSITIONS provider loading as well as a crash today. I spoke with trade station and, well who knows! as I cleaned up my strategy code to better allow for a template, I realize an issue with my big bear strategy of #47. I clean that up and the strategy does not perform quite as well, but the risk to reward ratio is proper. We always want to trade proper. No funny business!
Penny stocks did not do as well today. But it didn't do bad either. Look at the return on investments column and you see that a large part of the reason why the curve is so negative, is because I made gains with smaller priced equities but a loss, and a small loss with a larger priced equity. Also, to note, is that the trades that went better were with ones that had a higher Ratio of volume to outstanding shares. That just means there's more volume. When you see the red lit up that is where I have a visual cue that there are gaps in the chart. I'm using a 15 second positions provider to identify if a chart has gaps in the day. If it does, then I don't trade it.
Today was the first day that I let my penny stock algorithm run for a few hours. About 2 hours to be exact. Took some wins took some losses. I noticed a few things to change. But since I started this later in the day when a lot of the stocks had already made their move this could have affected the curve as well. More work to be done. Excited about having the Algos run Without hiccups.
I want to zoom in on two areas of the chart as price is retracing toward lows of the day. One time is around 1:32 PM. You see the blue dot in the screen, that is my indicator for bid nodes, indicating that there is a large amount of market activity on the bid side. Then again around 15 15 when price breaks below that and has a large amount of market activity. We made a new low for the day, and the spread widened, as well as a large amount of market activity and a large amount of small orders got taken here. You can see that the large amount of small sellers and buyers show up on the second chart. What was also interesting is the phantom top and bottom Wicks which were at areas of buyerside and seller side liquidity, respectively.