I have been studying now about rule based automated trading for about 1 year aside to my job. I consider myself somewhat familiar with algorithm design and programming.
I am now using tradestation and have been designing all kinds of simple trading systems in Easylanguage, which are all based on indicators, some very simple, others more complex. I have tried trend following, break-outs and purely indicator based systems.
However, with input optimization it was easy to have positive backtest results, but I never managed to come up with an algorithm, that can consistently show even small profits on more than 1 symbol.
Now I would like to ask you, if there are any people here, who made it happen and have such algorithms running. I am not asking to reveal anything, just let me know, if it's possible or not.
My expectation is that it should be possible, or else I would probably say that the market is really random, which I do not beblieve so far. Also since most trades today are automated trades based on Algos, so there must be working Algos.
Also I would be happy, if anybody knows some goo literature about rule based/algo trading.
I have been studying now about rule based automated trading for about 1 year aside to my job. I consider myself somewhat familiar with algorithm design and programming.
I am now using tradestation and have been designing all kinds of simple trading systems in Easylanguage, which are all based on indicators, some very simple, others more complex. I have tried trend following, break-outs and purely indicator based systems.
However, with input optimization it was easy to have positive backtest results, but I never managed to come up with an algorithm, that can consistently show even small profits on more than 1 symbol.
Now I would like to ask you, if there are any people here, who made it happen and have such algorithms running. I am not asking to reveal anything, just let me know, if it's possible or not.
My expectation is that it should be possible, or else I would probably say that the market is really random, which I do not beblieve so far. Also since most trades today are automated trades based on Algos, so there must be working Algos.
Also I would be happy, if anybody knows some goo literature about rule based/algo trading.
Looking forward to your input!
You mean like this?
Take heart, child. It only requires a half a decade of random research, but start with active trader magazine and see if there aren't shell scripts for your work. They can be transferrable if you have a consistent algorithm.
Or you can hire a Topology Math PhD quant and he should be able to code something within two weeks that also works on everything in addition to the ones you already have that are universally applicable.
