Has anyone created a successful automated trading system? What is your advice? - page 44
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I don't know if this has been descussed here, but starting from scrath, without any idea of what are you wanting to code is very stresfull.
I'll always suggest starting from a prexisting backtested strategy.
As I haven't manually traded in many years, I generally slap some indicators on a custom chart and say to myself, "Does this look orderly... or like a garbage dump?" I know it when I see it.
I have also, however, dredged the web for allegedly profitable manual strategies, modified their logic, and automated them─with limited success. Sometimes, I simply have nothing else to do.
As I haven't manually traded in many years, I generally slap some indicators on a custom chart and say to myself, "Does this look orderly... or like a garbage dump?" I know it when I see it.
I have also, however, dredged the web for allegedly profitable manual strategies, modified their logic, and automated them─with limited success. Sometimes, I simply have nothing else to do.
I meant that by manually putting indicators or "detecting" a pattern, not necesarly trading them, looking in the charts for something that makes sense.
I have two questions now: which indicators do you use? And what have you tested?
[W]hich indicators do you use?
I live traded an EMA(13), EMA(50), and MACD Signal LIne with zero level for several years with about 23% annual net profits.
The strategy was based on EMA crossovers and Signal LIne slope with above/below zero level for entries (price has to be outside the "EMA cloud" too), and price/EMA(13) crossover as a dynamic exit. Fixed "safety stop" 12 big points opposite.
And what have you tested?
That was on a 5.5 big point Renko chart of MGC (micro gold) futures.
XAUUSD is a pretty good CFD proxy for GC/MGC/1OZ futures (excluding spreads, commissions, swaps, and execution). The prices are very close.
(I'm not touching gold in the current market chaos).
I live traded an EMA(13), EMA(50), and MACD Signal LIne with zero level for several years with about 23% annual net profits.
The strategy was based on EMA crossovers and Signal LIne slope with above/below zero level for entries (price has to be outside the "EMA cloud" too), and price/EMA(13) crossover as a dynamic exit. Fixed "safety stop" 12 big points opposite.
That was on a 5.5 big point Renko chart of MGC (micro gold) futures.
XAUUSD is a pretty good CFD proxy for GC/MGC/1OZ futures (excluding spreads, commissions, swaps, and execution). The prices are very close.
(I'm not touching gold in the current market chaos).
Very good profit, tbh.
Nowadays, which indicators do you use?