Stop looking, what you are looking for does not exist.
tradingsysytem
Newbie
- Messages
- 1
- Likes
- 0
For my opinion, Strataseach provides individually tailored, highly effective recruitment, assessment and development, and management consultancy services, priding ourselves on delivering a practical and result-driven approach in getting the best talents and the extra personal touch which extends beyond your scope of work.
Please take mind.:cheesy:
Have you used the program?
M
malaguti
I don't think he probably needs to have. It nearly always boils down to the same thing. You are looking for an edge, you want a system that produces backtested results. You are looking for something then that will be based on historical performance of indicators..
Later on you will then be asking, why doesnt that system work, what are the right parameters for that indicator to work..possibly go down the route of optimisation, still with even worse results would be the guess.
You look for something else..etc etc ad infinitum
THEN, you will realise its not an indicator based system you are looking for after all, as indicators are all lagging and you want to be looking at the price action and there aint no system that can do that for you..just eyeballing and screen time
Thats why PB doesn't need to have seen stratasearch or whatever its called to know you could be barking up the wrong tree.
Try a canned strategy, from a free trial of metastock or omnitrader (100s of canned strategies) that way then you can get some of what I've just said out of your system for nothing. PB is simply sparing you the expense as am I.
Its just a journey many have done before, including myself, thats all. Until the penny drops and you realise actually you could have saved yourself a few years.
But I honestly wish you the very best of luck
Last edited by a moderator:
I don't think he probably needs to have. It nearly always boils down to the same thing. You are looking for an edge, you want a system that produces backtested results. You are looking for something then that will be based on historical performance of indicators..
Later on you will then be asking, why doesnt that system work, what are the right parameters for that indicator to work..possibly go down the route of optimisation, still with even worse results would be the guess.
You look for something else..etc etc ad infinitum
THEN, you will realise its not an indicator based system you are looking for after all, as indicators are all lagging and you want to be looking at the price action and there aint no system that can do that for you..just eyeballing and screen time
Thats why PB doesn't need to have seen stratasearch or whatever its called to know you could be barking up the wrong tree.
Try a canned strategy, from a free trial of metastock or omnitrader (100s of canned strategies) that way then you can get some of what I've just said out of your system for nothing. PB is simply sparing you the expense as am I.
Its just a journey many have done before, including myself, thats all. Until the penny drops and you realise actually you could have saved yourself a few years.
But I honestly wish you the very best of luck
Is there no way to backtest price action strategies? I am considering to make an effort to learn to backtest sytems (newby of course).
you could try betatesting prorealtime v.10?
and let us know how it works, automated trading (papertrading?) and serverside backtesting
https://www.prorealtime.com/en/popup-wide-800/features_complete_10_1
L
Liquid validity
You're better of using the hunt and peck method best described by Ed Seykota.
Basically, only pick things that actually make sense.
Automated software optimization will find all kinds of patterns that are baseless.
Stupid Data Miner Tricks: How Quants Fool Themselves And The Economic Indicator In Your Pants - Forbes
Also bear in mind that many methods are also a lot more subjective than they
first appear, which means backtesting and automation is almost impossible.
Automation is not the easy way out, or the most efficient it has to be said.
If you are looking at it for either of those reasons, disappointment will result.
Basically, only pick things that actually make sense.
Automated software optimization will find all kinds of patterns that are baseless.
Stupid Data Miner Tricks: How Quants Fool Themselves And The Economic Indicator In Your Pants - Forbes
Also bear in mind that many methods are also a lot more subjective than they
first appear, which means backtesting and automation is almost impossible.
Automation is not the easy way out, or the most efficient it has to be said.
If you are looking at it for either of those reasons, disappointment will result.
wackypete2
Legendary member
- Messages
- 10,211
- Likes
- 2,058
Very funny article
Peter
Peter
L
Liquid validity
Very funny article
Peter
:cheesy:
Great article! Thanks, it makes your point very clear.
I am a newby at backtesting and autotrading, not at trading. I want to try to automate the methods that I use for swingtrading and trendfollowing with reasonable succes.
I realise it will take me a long time, but I want to make the effort.
I am not totally stupid (university degree in life sciences) but have zero programming experience, in which direction would you point me for software that can backtest and scan and automate a strategy?
Thanks,
Jan
M
malaguti
L
Liquid validity
OK, first point, its incredibly hard if not impossible to program a method used for
discretionary trading.
It will be the be subjective aspects that create the difficulty.
I really would recommend you forget trying to program a discretionary method.
Start from the ground up with something designed from scratch to suit
computer logic.
The closest you will probably get is to use the algo for alerts then exercise
discretionary timing finesse for entries and exits.
Platforms:
AmiBroker - Technical Analysis Software. Charting, Backtesting, Scanning of stocks, futures, mutual funds, forex (currencies). Alerts. Free quotes. - good portfolio support.
MathWorks United Kingdom - MATLAB - The Language of Technical Computing - powerful but complex.
The R Project for Statistical Computing - free, similar to matlab.
NinjaTrader stock, futures and forex charting software and online trading platform. - code wizard simplifies learning C#.
Trading Software for Automated Trading and Backtesting | MultiCharts Trading Platform - not used, I don't know much about it.
Online Trading | Trade Stocks, Options, Futures & Forex Online | Trading Software - not used, I don't know much about it.
Trading Blox - System Development And Portfolio Backtesting. - not used, I don't know much about it.
I personally chose Ninja.
There are some tips and resources on this thread:
http://www.trade2win.com/boards/trading-systems/161888-system.html
Mainly free data sources, paid for data sources, links to Ninja instructions and so on.
Don't ignore the other platforms though, Ninja is my personal choice, it may well not suit you or do what you want.
The only cast iron advice I will give is steer clear of Meta Trader if you are
remotely serious...
Reading, as a starting point:
Quantitative Trading - How to Build Your Own Algorithmic Trading Business (covers the basics).
Paul Wilmott - Introduces Quantitative Finance (more in depth).
Personally, I would play around with a few platforms, pick one, then get to know it more.
Then maybe read the above books.
Lastly, I would focus on drawdown and risk as opposed to profit.
Also worth remembering that no rigid edge is ever permanent...
Last edited:
Thanks LV, I see you have helped loads of newbees like myself, that's very generous of you.
After some reading here and there I'll go either for Ninja or Amibroker.
Could you or anyone else on this forum advise me on this?
Especially which platform will be easiest to work with for someone with no programming experience.
Thanks
Jan
L
Liquid validity
Amibroker for a portfolio of instruments.
Ninja for ease of use with no programming experience.
Thanks again, this helps me to narrow it down in choice of software and also in terms of goals.
Agree with you to focus on drawdown and risk. I can't stomach much drawdown.
Just one more question, I see in your description of platforms "free quotes" for Amibroker. Do you mean free data? EOD or intraday? I trade mostly in commodity futures. I do this with simple TA, only trends and resistance/support and also by "eyeball backtesting", I mean just looking at charts in Barchart to check for historical patterns in price action. I hope the software will help me do this.
After reading some more on testing and automation I agree that it will probably come down to a signalling system with discretionary trading. I have adjusted my goal to increase the number of trades by faster scanning for setups.
Cheers
Jan
L
Liquid validity
?? not sure what you mean, I don't know anyway, never used Ami,
just heard from people who know their stuff that Ami is good for portfolio testing
I'm afraid that is a very bad article from someone who does not understand quant trading.
Shakone
Senior member
- Messages
- 2,460
- Likes
- 665
What is considered quant trading nowadays?
L
Liquid validity
Plenty of big IB's get the joke...
Its basically a warning about reading too much into various correlations
and rather neatly highlights the dangers of curve fitting as well.
How does that make it bad, why don't you tell us what you think in more detail
Last edited:
