Automated Trading

Dec 29, 2016
3
0
11
#1
Hi guys,

So after reading about turtle trading, I would like to develop a fully automated trading system based on trendfollowing by myself that I can backtest and automatically trade the markets with. Any idea what platform allows me to do this (ie develop my own automated trading system, backtest on historical data and then use the system to trade live money in the markets) ? Thanks a lot and regards !

Cai Gengyang
 

Quantt

Active member
Jul 23, 2017
945
57
38
#3
Hi guys,

So after reading about turtle trading, I would like to develop a fully automated trading system based on trendfollowing by myself that I can backtest and automatically trade the markets with. Any idea what platform allows me to do this (ie develop my own automated trading system, backtest on historical data and then use the system to trade live money in the markets) ? Thanks a lot and regards !

Cai Gengyang
I am using python and the API provide by my broker - this is the most flexible solution. Another one would be to use 3rd party as Pat494 advised, but I would steer clear from a solution that hosts your logic in the cloud/remote, because your idea can be stolen, arbitraged away and even used against you...
 

Brumby

Well-known member
May 25, 2012
600
136
53
#4
Hi guys,

So after reading about turtle trading, I would like to develop a fully automated trading system based on trendfollowing by myself
I hope that when reading you did not miss the part that the Turtles regularly experienced drawdowns of 55 % plus and as much as 80 % in their system. Not many people can handle such drawdowns psychologically.
 

Pat494

Well-known member
Mar 27, 2004
13,128
1,241
223
#5
I hope that when reading you did not miss the part that the Turtles regularly experienced drawdowns of 55 % plus and as much as 80 % in their system. Not many people can handle such drawdowns psychologically.
20% is my top limit for draw down.
 

Charlton

Well-known member
Nov 23, 2003
1,501
325
93
#7
Hi guys,

So after reading about turtle trading, I would like to develop a fully automated trading system based on trendfollowing by myself that I can backtest and automatically trade the markets with. Any idea what platform allows me to do this (ie develop my own automated trading system, backtest on historical data and then use the system to trade live money in the markets) ? Thanks a lot and regards !

Cai Gengyang
Tradestation.com
 

Brumby

Well-known member
May 25, 2012
600
136
53
#8
20% is my top limit for draw down.
Hypothetically say it did hit your 20 % limit, what would you do? Would you stop trading the system? I have not done any studies on trend trading systems but I would guess that a 50 % draw down would not be uncommon. It is the nature of the beast.

My initial point on this thread is that if you wish to engage in trend following make sure you understand the downside of what you are getting into and not just the upside potential.
 

Pat494

Well-known member
Mar 27, 2004
13,128
1,241
223
#9
Hypothetically say it did hit your 20 % limit, what would you do? Would you stop trading the system? I have not done any studies on trend trading systems but I would guess that a 50 % draw down would not be uncommon. It is the nature of the beast.

My initial point on this thread is that if you wish to engage in trend following make sure you understand the downside of what you are getting into and not just the upside potential.
I regularly test new MT4 EAs and if it is above 20% draw down it is rejected. Most of the high DDs are averaging down martingale systems.
 
Mar 12, 2013
6
0
11
#10
Hi guys,

So after reading about turtle trading, I would like to develop a fully automated trading system based on trendfollowing by myself that I can backtest and automatically trade the markets with. Any idea what platform allows me to do this (ie develop my own automated trading system, backtest on historical data and then use the system to trade live money in the markets) ? Thanks a lot and regards !

Cai Gengyang
https://www.nirvanasystems.com/omn*******2018/