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Well... the TFN algo seems to actually be 8 different strategies. In their recent videos they show running 3 of the 8 on 3 or 4 different instruments I guess at the same time. Is that even possible? Anyway...I have emailed back and forth with them and asked "how would I know which strategy to use on what instrument and any given time?" They just respond with a generic reply about trader preference, risk tolerance, etc. How does that help? They pitch this as being a profitable algo called TFN Algo. But when you go to the site, there are 8 of them. So what if I pick the wrong one/s to run? IDK why I let myself get sucked in to this crap.
In my opinion, most people on YouTube are snake oil salesmen. With the the performance rate shown, you would think the owner would pitch the algo to prop trading firms.
Backtests always look great. It the forward tests and live trading that are more important.
SMCJB
Houston TX
Legendary Market Wizard
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,386
Thanks Received: 10,207
If it made that much money they wouldn't be selling it they would be raising money to trade it at 1000x the size.
I tried a trial run of this. Please save your money. The owner (Rich) is useless. Will not help or answer questions in any coherent fashion. He posts youtube videos every day of good results, but will not tell how he does it. Several unhappy people on the forums over there.
TheSwede
Jönköping Sweden
Posts: 30 since Feb 2023
Thanks Given: 12
Thanks Received: 15
NinjaTrader backtesting is flawed. There are better platforms which will give more correct backtesting results.
Here is what ninjatrader.com has to say themself about real-time vs backtesting:
You should expect that a strategy running real-time (live brokerage account, live market simulation, Playback connection etc...) will produce different results than the performance results generated during a backtest. This difference may be more easily seen on certain Bars types (e.g. Point and Figure or Renko) than others due to their inherent nature in bar formation.
Getting Filled on an Order
•Fills are determined based on 4 data points, OHLC of a bar since that is the only information that is known during a backtest.
•During simulation using real-time live market data or Playback, the fill algorithm is dynamic in that it uses incoming market data (both price and volume) to determine if an order should be filled or not.
•During real-time live brokerage trading, orders are filled according to market dynamics.
As you can see, there are three distinctly different models for how and when an order may be filled. This is why you may see orders NOT fill in real-time that you may otherwise expect to see filled based on your backtesting results.
The Fill Price of Orders
•During a backtest assumptions are made on the fill price of an order is based on the OHLC of a bar and the price of the order itself. You can also have differences depending on which fill algorithm you choose.
•During simulation using real-time market data or Playback, the fill price is based on incoming market data and volume, you may receive better or worse fill prices dependant on where the bid or ask price is and what volume is available at this market prices.
•During real-time brokerage trading, orders are filled according to market dynamics.
As you can see, there are three different models on what price an order can be filled at.
Running a Strategy at the Close of a Bar or Tick by Tick
•During backtest, strategies can ONLY be processed at the close of each bar.
•During real-time operation, you have a choice to run a strategy tick by tick (Calculate set to 'On Each Tick') which can produce different results. This is because you can have a signal that executes an order at the close of a bar but when running tick by tick, while in a bar a signal condition can be true although its false at the close of the same bar.
Differences in chart data
•If you run a strategy in real-time on DAY1 and then DAY2, you are now backtesting your strategy on DAY1 data instead of processing like it did in real-time so there could be differences. You should understand how chart bars are built.
•If using tick based charts, all it takes is a single tick difference between real-time and historical data to generate completely different looking charts. This in turn would impact the calculations of your strategy should the data sets be different.
Backtesting Renko bars and HeikenAshi bars
•Standard Renko bars can be challenging for backtesting as the barstypes use functionality to remove the last bar in the data series and replace the bar with a new Open price.This is done with reversals and cannot be simulated historically, because the bars are already built. Testing may be done with the Playback Connection to fully simulate standard Renko bars with accurate reversals and order fills.
•Some custom Renko bars aim to work around this limitation and often substitute a "fake" open price in the bar. This will result in Standard Order Fill Resolution estimating fill prices using OHLC values that are not 100% reflective of actual price action which can create discrepancies with results. High Order Fill Resolution should be used in cases like this, or the strategy should be written to submit orders to a single tick data series.
•Similarly to custom Renko bars which use a "fake" open price, HeikenAshi bars alter the OHLC values of the data series to use the HeikenAshi moving average values. Since these are not real prices, it would be best to consider the same workarounds as noted above, or to use a HeikenAshi indicator. Please inquire with [email protected] for more information on how to find a HeikenAshi indicator.
I am also a member of the group. This guy is the only one crying. I follow Rich's recommended equity curve optimization process. Below are some of my results with their algo product.
No one is crying. Just upset over being scammed. And I am not the only one and you know it. So don't be lying on here. Everything I said is true. My trial just ended, thankfully.
