I moved all of my trading funds into Dominari this month.
I’ve been talking about this system ever since I start live demo testing back in November. Needless to say, I’ve been extremely satisfied with the live results.
My initial live account started trading on January 4 with a starting balance of €1,000 at Pepperstone. Once I saw that the live trades matched my expectations, I quickly kicked that account balance up to a total of €10,000.
And because I want to test the effect of broker selection, I threw another $5,000 in an FXCM account. The Pepperstone account contains the bulk of the money and runs the MT4 version of the strategy. The FXCM version uses Seer, which has been more of a pain to get running smoothly, though I can say that it’s still my favorite platform for testing ideas.
The cost non-problem
My biggest concern about launching the strategy live was trading costs. Some back of the envelope math suggested that everything would be ok. Live demo testing indicated that it would be ok. But you never really know until you start trading live.
Through the month of January, I’ve consistently monitored the commissions relative to the profit. I fluctuates up and down with the trading account, but I estimate that the spread commission costs are approximately 20-25% of the profit. That’s a relatively high percentage, although it’s nowhere near as bad as it could be given the extreme trading frequency.
Dominari is a high-frequency strategy that averages about 49 trades per day on 28 currency pairs. Everything happens so fast in the account that I’m hard pressed to remember any individual trades. Dominari executed more than 900 trades in the month of January alone. It’s dizzying watching the equity fluctuate up and down. The important thing is that the trend moves from the lower left to the upper right.
It’s not dead. I still believe it’s a great strategy and totally worthy of your trading. In fact, both Dominari and QB Pro depend critically on one of my favorite indicators, the SB Score.
The reason I got into algorithmic trading is that it emotionally separates me from the responsibility for the outcome. If I have a losing month, it’s just the strategy. There’s not much to do about that.
When there’s an element of discretion, it’s difficult to separate the random component. Sometimes you win, sometimes you lose, but you generally expect to make money. When there’s discretion in an algorithmic strategy, it’s very difficult to know whether losses are my fault or simple bad luck.
QB Pro depends on the manual portfolio selection. Not surprisingly, I heavily favor Dominari because the portfolio selection is static. I can say with my hand over my heart that Dominari is a black box, fully algorithmic strategy.
I’m still updating the portfolio over at Seer Hub and will continue making the selections for clients. For clients that are in the managed account at Pepperstone, I switched the strategy in the middle of the month. I feel responsible as the manager to give clients the best possible performance. And since that’s where I’m placing ~$16,000 of my own money, I feel a fiduciary duty to do the same for my customers. Dominari is where I believe the best opportunity lies.
How you can get Dominari
I plan to offer Dominari as trading signals to anyone with a MetaTrader account within the next month or so. A lot of hard work has gone into developing the strategy. And while I’m confident to the tune of $16,000 of my own money, I want to be even more certain before I release Dominari to a wider audience.
What do you think of the results so far? Leave your thoughts in the comments area below.