Hey, guys. Trialing the MC demo and enjoying it. Probably go with MC as a trade/backtest platform. Some questions re algorithmic trading:
1) Data - is the futures tick data provided here at futures.io (formerly BMT) Elite good quality? Can it be used for realistic backtesting? Or should I subscribe to another feed?
2) Multicharts - how is live autotrading? Does it work well?
3) Sample size (yes, I know)? I understand in-sample and out-of-sample concept, and that both should more or less be equal. That said, how many sample trades are needed from directional neutral strategies? For example, if a short strategy in a bull market produces good net profit >500 trades, at first glance, I think that's pretty good.
4) Exits. I could use some help here. Discretionary, I exit when I 'feel' the market has reached a turning/inflection point. Obviously cannot code feelings. My algo entries are price action based and when the opposite entry logic for exits is applied, trades are exited far too quickly, and exhibit too much churn (constant in out in out in out). I need to let my winners run. I'm thinking trailing stops, targets, trailing stops after x target is met, ma's etc. Any good areas I should research?
Right now, I'm reading all forum posts I can, while learning EL/PL, and trialing stuff in MC at same time. Learning as I go here. Thanks in advance.