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London UK
Posts: 5 since Mar 2020
Thanks Given: 0
Thanks Received: 0
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I'm a UK based newbie and would like to progress towards backtesting various trading ideas - principally on futures and leveraged ETFs to start with. Essentially, I would like to do:
a) In depth strategy back testing – designing, testing, optimising, monitoring, walk forward testing a stand-alone basis and on a portfolio level across symbols/strategies
b) Putting in place strategy(ies) that have passed the “factory line” or “QA process” so to speak into simulated mode to see how they’re doing in a “live no money environment” with a view to executing these live (ideally automated)
I've honed down to doing this by learning how to use Tradestation OR Multicharts - I will get someone experienced to walk me through either platform and since I'm starting from a fresh slate, it would be best to utilize the more appropriate solution.
Pros for TS seem to be no cost for app (vs $1450 for a lifetime of MC - not a huge cost but still), one stop solution, data availability and more or less similar to MC.
Pros for MC seem to be some more features (is Portfolio Trader materially better than Portfolio Maestro?), variety of broker options for order execution (and I suppose since I am in the UK, I can send money to IBKR's UK account and get a wider selection of markets.
What is most important to me are i) ease of use (I am not a programmer), ii) capability for backtesting, optimisation and portfolio level testing (for example, the more tools there are to expose curve fitting and RANDOMness vs "edge", the more useful) and iii) automated execution (I want to minimise my input).
Grateful for your thoughts. Thanks.
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