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Focus on what works. Even if it is difficult, it is not impossible. There is no such thing is too complex to code, eventhough there are often simple solutions for the same problem. You can train AI for example to detect pullback patterns but it is computationally expensive while a simple deviation threshold yields the same results.
No indicator has an edge in itself, Indicators are just tools and should be used as such. I am employing tick based algorithms with no indicator, just a very simple mathematical model. Using optmizier i brute-force search (or align if you will) for market structures. This works wel but the downside is it does require a real market tick feed. It does not work on hodge podge market maker broker feed, so it is very broker specific.
As of late i am trying to expand to less broker dependent strategies and entered into the realm of bars and indicators, with varying degrees of success. Best results where abtained based on a simple but sound ideas even using lagging repainting indicator. So my epxerience is the same as yours, structure is the main driver.
As to the edge, it can come from many places. It does not mattrer what you trade, but how you trade it somebody once said, and i agree. For example there are quite a few people profitable with a breakout strategy while others keep on yapping about false breakouts. So the edge can be as simple as the profit taking/ minimize loss mechanim, al else being equal (ie trading the same price levels).
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