Daily bars utilization

Discussion in 'Automated Trading' started by kondi_bombi, Aug 5, 2007.

  1. Hi,

    I'm new here. First of all sorry for my english. Hope you understand. I am trying to build a trading system that operates EOD. I can't simply trade intraday while at work. unfortunately, it seem to me that almost all of you trade intra day, nevermind what it is (FX, futures, whatever).

    So a couple of questions?

    1. Doest make sense to purchase customized soft for system development (AmiBroker, MetaStock, WL) and spend long hours on learning it while system is for EOD? For the time beeing I ve been trying my ideas in Excel and, more recently, in R. These are not the best tools, but I have coped with basic limitations.

    2. Due to $$ limitations I can't trade more than one system. After severe losses up to know I can't risk more than 2-3 contracts. So the question arises: what sort of systems generate on average, most stable equity curve
    - trend following
    - volatility breaks
    - something else?

    Keep in mind, that da system is for EOD. BTW, I trade index futures on one of the small european markets.