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ive started to learn to code in sierrachart acsil couple of weeks ago, and these are the results of a very simply idea that i wrote into code now (on 60 lines only) and run on autobacktest (back on 500 days)
i am really impressed and now ive been trying to find a mistake because the results looks extremelly good. this just cannot be real i guess. i am complete newbie in aos machine coding, in fact, this is my very first code that i put together so i dont believe that it can generate such returns, there must be a hidden error inside.
if anybody knows where the mistake can be, please let me know
Can you help answer these questions from other members on NexusFi?
The IT side is relatively simple, but your approach contains several fatal rookie faults.
Among these points, your completely unrepresentative "backtesting" is by far the worst.
Or what else than a straight line from the bottom left to the top right would you expect from a
one-way long period in the NQ when even simple buy and hold yielded 20+%?
To get a better understanding what matters when testing trading ideas I advise you to read @kevinkdog 's
threads and/or his book and/or watch his (FIO) webinars.
ok, thanx, i understand that it is not very "representative" when i take into the account that nq futures was in long term uptrend (and i will definatelly rewrite the code for short side also).
on the other hand this is supposed to be a short term intraday idea with very little risk (basically the same trademanagement i use in my discretional trading) and so i would suppose that the intraday swings and intraday noise will hit the tiny stoploss much more ofter that it showed.. that is what kind of shocked me and that is why i try to find where the mistake is
How about posting the framework of your code, without giving away your strategy.
"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
ok, i am quite on holiday now, but THIS was something that EVERY retail trader must have seen as a perfect opportunity for long - that is why i took short
nonvolatile ym session + friday - in such a context i speculate the price will oscilate from one side of the range to the other. there is no need to go digging higer prices.
the higher timeframe shows the way i use volume profile - i am quite sure that in such days the market will not want to leave the value area, but it will rotate inside.
opened with 6. 3 contracts hit the first target, other 3 end up at be..
after my entry a little stoprun to eager sellers took place - it kind of assured me i was in the right place
