Cycle 3, stage 2, day 30:
Another kinda old small bug did appear on my radar by jumping in front of my eyes yesterday. I like to think that this is luck that made me find it.
Also the extra small feature that I wrote about in the last entry did contain a small oversight which made the feature misbehave. I did identify it and it took me few hours yesterday and this morning to correct the issue.
I have stopped very early yesterday market making trading run until I could fix all the identified glitches. I have added extra conditions to enter market making. I feel like this time there is too much conditions as the system is rarely triggered and the success rate has been not as good as I have seen with previous feature implementation iterations.
2 out of 3 trades were losses. The profitability of this strategy is more random and dependent on market conditions. This is in contrast to the more deterministic nature of arbitrage. Once all the small bugs will be eliminated, it will take few days of running the strategy before concluding anything about its profitability....
I am not sure when this did happen. Either yesterday or this morning but I got an extra idea on how improve my system. It took me the rest of the day to add it. I am currently building the server for a new deployment.
I'll turn off the MM trading as I leave the system unattended but it takes an hour for the system to be primed to start doing MM. By starting it while I leave for dinner will allow me to start testing MM immediately when I come back...
MM strategy implementation completion appears to coincides with end of stage 2... I'm not sure yet if this will generate a significant revenue yet... If it does not, this did allow me to stress test my framework to be more flexible by using it in a different way and this whole exercise did allow me to catch a lot bugs... If it does, it will bring some relief to my finance on top of all the other enumerated benefits in case the result is inconclusive...
Either way, with the start of stage 3, I will return to the previous effort which was to support a new exchange. This idea has been put on hold because I had this genius idea of doing market making and I thought that this could be done very quickly... one month ago... I have been wrong with that effort and time estimation it seems...
Another kinda old small bug did appear on my radar by jumping in front of my eyes yesterday. I like to think that this is luck that made me find it.
Also the extra small feature that I wrote about in the last entry did contain a small oversight which made the feature misbehave. I did identify it and it took me few hours yesterday and this morning to correct the issue.
I have stopped very early yesterday market making trading run until I could fix all the identified glitches. I have added extra conditions to enter market making. I feel like this time there is too much conditions as the system is rarely triggered and the success rate has been not as good as I have seen with previous feature implementation iterations.
2 out of 3 trades were losses. The profitability of this strategy is more random and dependent on market conditions. This is in contrast to the more deterministic nature of arbitrage. Once all the small bugs will be eliminated, it will take few days of running the strategy before concluding anything about its profitability....
I am not sure when this did happen. Either yesterday or this morning but I got an extra idea on how improve my system. It took me the rest of the day to add it. I am currently building the server for a new deployment.
I'll turn off the MM trading as I leave the system unattended but it takes an hour for the system to be primed to start doing MM. By starting it while I leave for dinner will allow me to start testing MM immediately when I come back...
MM strategy implementation completion appears to coincides with end of stage 2... I'm not sure yet if this will generate a significant revenue yet... If it does not, this did allow me to stress test my framework to be more flexible by using it in a different way and this whole exercise did allow me to catch a lot bugs... If it does, it will bring some relief to my finance on top of all the other enumerated benefits in case the result is inconclusive...
Either way, with the start of stage 3, I will return to the previous effort which was to support a new exchange. This idea has been put on hold because I had this genius idea of doing market making and I thought that this could be done very quickly... one month ago... I have been wrong with that effort and time estimation it seems...