Jump to content
  • 0

PRT Automated trading - issues and suggestions


Guest Stef

Question

Hi guys,

 

Some issues that I have picked up with PRT's automated trading module (ProOrder), and some suggestions:

 

* Probably the biggest issue is that the backtesting (Probacktest) and automated trading modules (ProOrder) do not behave the same. So, if you get great results with your backtest, don't get too excited, as the automation of this will most likely produce vastly different results. Some of the differences include:

 

-Pro order will trigger on the open of the next candle after the condition has been met but Pro back test will register the trigger of the trade on the close of the same candle the condition was met.

 

- Pro Back test cannot determine will your stop or limit will be triggered first if both would've been triggered in a specific candle. In this situation Pro back test will show the trade as if the Limit was triggered first. There is no setting yet to change which of the stop or limit will take priority when this happens but Pro real time is doing development to improve this feature.

 

- Pro back test will calculate the results using a step of 1 for the trailing stop and this value cannot be changed when testing. Pro Order will execute the step of the trailing stop by using the minimum allowed step distance of the particular market. To determine what the minimum step distance for a trailing stop on a market would be you can open a deal ticket on the IG platform and tick the trailing stop box and the step field will appear indicating the minimum value.

 

* ProOrder allows you to view the performance of your system while it is executing. This is great! Especially seeing as Probacktest behaves differently. But, there are some problems and shortcomings:

 

- You can add indicators to the price section of the chart, but not as a separate section underneath!? This is great for displaying PRT or custom indicators that you use as part of your strategy that can be plotted on the price section, but not so great for others that are normally displayed underneath (e.g. MACD, RSI, etc).

 

- Any indicators that you add will not be there the next time you open the window to display performace again! Common guys! What is the point of being able to add these indicators in the first place? This is especially problematic if you have your own indicators that need a lot of changes to its display properties (line styles, width, etc). It takes a huge amount of time to redo this every time for every system (if ProOrder and ProBacktest behaved the same, this would not have been that necessary, or that big an issue).

 

- Resizing! The view performance window allows you to resize the sections. But, again, if you reopen it, the sections are back to their original sizes. Why do the equity curve and positions sections have to take up so much space? I am more interested in the price section. This same issue applies to Probacktest also.

 

That's it for now!

 

Regards

Stef

Link to comment

3 answers to this question

Recommended Posts

Yes this is so true, especially if you are working on 5 minute charts or longer. I have backtested fantastic queries only to find that absolutely NONE came out as expected..

Even worse when you then back test what you ran live, it shows great results still, even though it actually lost horribly. What a learning curve I have been through and this should be made clear in the Manual.

Its not enough to say that backtested results might not match reality. In fact it is impossible to trust the backtest because of the issue refered to by Stef. Just imagine that you have an automated query thats based upon a 1hr chart.. In reality you might be stopped out after 1 minute and yet backtesting will wait for 1 hour, and the price is very different in most cases....

Even working with 1 min charts still produces very differing results...

Link to comment

Hi Stef,

 

Thank you very much for taking time to give us feedback. I have passed this onto ProRealTime for you and I do have to thank you for the detail you have gone into with your feedback.

 

As soon as I hear form the PRT team I will let you know and as always if there is anything else you would like to add please let me know. 

 

Thanks,

 

Tim 

Link to comment

Hi Stef,

 

Just to let you know that I have just been in contact with ProRealTime regarding your feedback. They would like to thank you for the thought you have put into your feedback as such clarity really does give them a lot to work with and I hope one day to see a platform that has followed the legacy of the points you have made.

 

Thanks again! 

 

 

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • General Statistics

    • Total Topics
      23,043
    • Total Posts
      95,434
    • Total Members
      43,656
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Turtlebot
    Joined 30/09/23 13:08
  • Posts

    • The crypto market appears to be showing signs of recovery, with significant improvements in the Sharpe Ratios of Bitcoin, BGB, and Ethereum, according to an article published on Friday.  The Sharpe Ratio, a measure used to understand the return of an investment compared to its risk, has seen a notable increase for both cryptocurrencies. Bitcoin's Sharpe Ratio has risen from -2.4 to 0.68, while Ethereum and BGB have also experienced a similar uptrend. This change signifies higher returns at lower risk, which is expected to attract more investors to the crypto market. In addition to the improved Sharpe Ratios, increased network activity and trading volume as shown on CEXs like Bitget, Binance, and a few DEXs are suggesting a healthier market state. The current trading prices of Bitcoin, reflect this overall positive market sentiment. As of Friday, Bitcoin was trading at $27,069.73, BGB at $0.454 and Ethereum at $1,677.89. These developments are significant as they indicate reduced risk in the crypto market. The increase in the Sharpe Ratios for Bitcoin, BGB, and Ethereum suggests that these cryptocurrencies are becoming less risky investments, which could potentially lead to an influx of new investors into the market.  Could this rise in Sharpe Ratios coupled with increased network activity and trading volume point towards a recovering and less risky crypto market?
    • Hi, That's great, thank you very much. Very helpful! Many thanks.
    • Texas Instruments Inc., Elliott Wave Technical Analysis Texas Instruments Inc., (TXN:NASDAQ): Daily Chart, 29 September 23 TXN Stock Market Analysis: We have been moving lower as expected from the previous forecast. Looking for continuation lower as there is an incomplete bullish sequence. Looking for extension lower in wave {iii}. Downside target stands below wave (W). TXN Elliott Wave Count: Wave {iii} of C. TXN Technical Indicators: Below al averages.   TXN Trading Strategy: Looking for shorts on the way down.   TradingLounge Analyst: Alessio Barretta Source : Tradinglounge.com get trial here!       Texas Instruments Inc., TXN: 4-hour Chart, 29 September 23 Texas Instruments Inc., Elliott Wave Technical Analysis TXN Stock Market Analysis: As we are getting an overlapping structure in what could be a wave {iii} there is a high chance we will see an acceleration lower to then see a series of fours and fives.   TXN Elliott Wave count:  Wave (iii) of {iii}. TXN Technical Indicators: 20EMA as resistance. TXN Trading Strategy: Looking for shorts on the way down.
×
×
  • Create New...
us