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Getting Started with MC

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Getting Started with MC

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  #1 (permalink)
London UK
Experience: None
Platform: NT
Trading: ES
Posts: 6 since Oct 2011
Thanks: 3 given, 3 received

I will try to post here my experience in trying to get started with MC and automated trading in general.

So far I have just downloaded MC7, I am trying to find a few years of minute of FX data which can be imported inside MC7 and the only thing that was free I could find was the data from ForexTester.

For the background, I am working in an IB and just wanted to try this as an experiment. Wanted to create a blog, but saw that this forums allows people to create trading journal which is great because other people can question and challenge my ideas.

Next steps:
  1. Setup MC7 with data and a basic strategy like a Donchian system
  2. Setup a system based on trend following
  3. Setup a system based on patterns
  4. Optimize money management
  5. Forward testing (3/6 months)
  6. Go live hopefully !
Does anybody know if the data from ForexTester is any good ?

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