I spent almost 2 years in finding and developing a viable trading strategy. And you're right, once I started putting real money it is a whole different story. It has been heck of a learning process for me in the past year.
I know this sounds wrong and probably not achievable but I have used the same parameters for the entire 3 years of data and I hope these same parameters can continue to work going forward. I have considerable doubt in this hence my question in my original post is how often should one re-optimize his/her parameters. Yes - I used a fixed TP and SL primarily but sometimes my system allows the profit to run depending on the type of trade I am in.
This seems too good to be true. The thing with fully automate algo system it's hard to adapt to market volatility and change of phase in the market. But your result seems to stand the test of time. Maybe you have found the holy gril. I see no optimization required but to forward test it with real money.
Hello RStrauss, I program algos in NT8 with #C. It's very easy. Strategy builder helps as well. The data is free to get once you get a demo account with NT8. You do not even need buy the license to program and back test Strategies. Download trial NT8 and use there algo builder for free. Even after trial expires you can use the 18 years of free minute Bar data.
yeah drawdown of course, how else are you going to average down? I have shown the math so no need for an algo to tell you that averaging down during a drawdown can maximize returns...short of a bankruptcy. You would need to add some other markers that would restrict trade size of course at your discretion. Also, are you allowing for measured price swings to improve entry and exits? What kinds of trades are these anyway, stocks options, spreads, premium????
Tao man...it's not averaging losers, it's multiplying winners It's what BNF did...he too was a swing trader btw.