Is this strategy a good one?

December 10th, 2013, 12:06 AM

Thanks mike,

I have been following the webinars related to algorithmic trading since 2 years. I am familiar with the basics.

December 10th, 2013, 12:07 AM

sangam

Thanks mike,

I have been following the webinars related to algorithmic trading since 2 years. I am familiar with the basics.

OK... I was just going based on your post, where you skipped a lot of important factors, all of which are covered in the webinar.

Good luck!

Mike

December 10th, 2013, 12:11 AM

Cloudy

Have you run your strategy on real-time sim for a period of time , say two weeks? Or you could run it for a session each trading day, then tally up the results by the end of the week.

Estimating about $5.2 commission per trade, your strategy's gross profit made up for it well.

Thanks for the tip. I have implemented the commission in the back test. My strategy is still under development, but once I am finished, I shall definitely forward test it for a while before going live.

December 10th, 2013, 12:36 AM

Why does it have to be "finished" to forward test it?

December 10th, 2013, 01:01 AM

tgibbs

Why does it have to be "finished" to forward test it?

Well for 2 reasons.

1. I edit the strategy as I continue to develop it further.
2. I would have to wait till January anyway to trade. I exclude contract ending and beginning periods as the market is unreliable as per my strategy.

December 10th, 2013, 02:25 AM

sangam

2. It uses 3 Indicators and predefined time intervals.

please elaborate on the 3 indicators you're using and what time intervals you're referring to. I don't mean to nitpick, I'm purely just just interested/curious.

Thank you,
Itchymoku

December 10th, 2013, 02:45 AM

It's quite complex. I have altered the indicators to my liking. But essentially I am using the following 3:

1. Moving Averages (EMA) with ATR factors
2. Variation of RSI
3. HMA

The times I trade are different for each instrument. It really comes down to your preference. I am trading ES from market open to 11:50. Although I am going to incorporate a routine to exit strategy once I've hit my daily target.

December 10th, 2013, 03:07 AM

sangam

It's quite complex. I have altered the indicators to my liking. But essentially I am using the following 3:

1. Moving Averages (EMA) with ATR factors
2. Variation of RSI
3. HMA

The times I trade are different for each instrument. It really comes down to your preference. I am trading ES from market open to 11:50. Although I am going to incorporate a routine to exit strategy once I've hit my daily target.

thank you for your response, I wish you could add some pictures of your trades marked up with the decisions your system makes but I know this would be difficult or impossible to do.

December 10th, 2013, 03:24 AM

Ill try and send you pictures of my setup at a later date. I am a student and have exams going on right now. pm me and Ill try and send it when I can.

December 10th, 2013, 03:44 AM

sangam

Ill try and send you pictures of my setup at a later date. I am a student and have exams going on right now. pm me and Ill try and send it when I can.

yeah man focus on school first and trading later. trading can wait, school can't.

Is this strategy a good one?

Discussion in Psychology and Money Management

Is this strategy a good one?