Automated Trading

[CaiGengYang]

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

 

[Pat494]

Try MT4 or 5 for free too.

 

[Quantt]

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]

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]

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.

 

[f2calv]

...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) ?...

https://ninjatrader.com/

 

[Charlton]

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]

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]

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.

 

[LarryJ]

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/

 

[Solas0077]

A good article in this blog why trends and trend-following do not equate well and impact on CTA performance some of which still use turtle methods.

 

[EddyJones]

what about MetaTrader?

 

[D.Bernfeld]

Metatrader 4 хорошо адаптирован для алгоритмизации торговых стратегий. Эта платформа была создана для этого.

 

[TechnicalTrader123]

There are multiple platforms available which will allow you to backtest your strategies. There are many companies all over the world which allow you to backtest and allow for papertrading. You could opt for the traditional ones like MT4, which has been used for years for by thousands, if not millions, of people around the world.

 

[valeryn]

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.

The nature of the beast is easily handled by allocating less capital. 50% DD on a 40% capital will approximately be 20% DD on account.

There is no strategy out there thay will make guaranteed recovery. Anything can stop working eventually. Traders who survive long term typically keep their max DD under 10%, and expect it might hit 2x if unexpected happens. So when they hit anything close to 15-20% they know something is wrong and they still have money to trade afterwards without putting themselves in a situation where they need to have 100-300% return just to det out of DD.

Val