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

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

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

Archived

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

  • image.png

  • Posts

    • Following strong earnings and rising commodities, the FTSE and DAX consolidated near record highs. Dovish ECB and BoE signals, along with upcoming UK inflation data, could influence future rate cuts.   Source: Getty Images   Indices Commodities Inflation Core inflation DAX Technical analysis Written by: Tony Sycamore | Market Analyst, Australia   Publication date: Tuesday 21 May 2024 05:02 After a record-breaking rally, fuelled by strong corporate earnings, rising commodities and expectations of rate cuts, the FTSE and the DAX spent last week consolidating near record highs. While sticky inflation is expected to see the Federal Reserve keep rates higher for longer, underlying inflation in the UK and in Europe has made good progress towards target. In response, the ECB and the BoE have sounded more dovish. The expectation is that they will cut rates once or perhaps twice before the Federal Reserve starts its rate-cutting cycle in September. Whether the BoE is able to cut rates at its next meeting on 20 June, will depend to a large degree on this week's inflation report for April, which is previewed below. UK inflation data preview Date: Wednesday, 22 May at 4.00pm AEST In March, the headline annual inflation rate in the UK fell to 3.2% YoY from 3.4% prior, its lowest rate since September 2021. The annual core inflation rate, which excludes volatile items such as energy and food, dropped to 4.2%, the lowest since December 2021. Inflation's steady progress toward the BoE's target has significantly contributed to the bank's dovish tilt. The rates market is now 50% priced for a 25 basis points (bp) BoE rate cut in June, with a full 25bp rate cut expected by August. The market's preliminary expectation for this month (April) is for headline inflation to ease to 2.3% YoY and for core inflation to fall to 3.6%. If correct, this should increase the chances of a 25bp BoE rate cut in June. UK CPI data   Source: TradingEconomics DAX technical analysis The rally from the mid-April 17,626 low is viewed as the final leg (Wave V) of an impulsive rally from the October 2023, 14,630 low. (Within Elliott Wave theory, a Wave V is usually the final leg of an impulse move before a correction unfolds.) This wave count is supported by bearish divergence in the RSI indicator, showing that new price highs are not confirmed by new RSI highs. A break below short-term support at 18,567, stemming from the April high, would indicate that the rally has run its course and a pullback has commenced. However, before the pullback begins, the DAX may yet extend its gains into the 19,000/19,200 area. DAX daily chart   Source: TradingView FTSE technical analysis Since mid-March, we maintained a bullish stance on the FTSE, capturing its blistering run higher. However, we shifted to a more neutral bias ahead of the BoE meeting on May 9th, anticipating a pullback to rebuy. Although a pullback has yet to develop, the FTSE's overbought readings via the RSI indicator suggest a pullback may not be far away. FTSE daily chart   Source: TradingView Source: Tradingview. The figures stated are as of 21 May, 2024. Past performance is not a reliable indicator of future performance. This report does not contain and is not to be taken as containing any financial product advice or financial product recommendation.     This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
    • Nyan Heroes is an innovative NFT game built on the Solana blockchain, designed to be a key player in the burgeoning "play-to-earn" metaverse. This project aims to combine high-quality gaming experiences with a robust, player-centric economic system supported by a comprehensive tokenomic structure. Game Mechanics and Player Interaction In Nyan Heroes, players can collect unique NFTs in the form of Nyans (cats) and their Guardian Robots. These NFTs are not merely collectibles; they are integral to the gameplay. Players use their Nyans and Guardian Robots to engage in battles against other players in a shooter-style action game. The game is designed to reward players for their participation through a variety of in-game activities such as completing tasks, winning battles, and progressing through adventure mode. As players immerse themselves in the game, they automatically contribute to and benefit from the player-based economy. Tokens are awarded as rewards, which players can use within the game or trade on external platforms. Expanding the NFT Collection Beyond the core gameplay, Nyan Heroes offers additional layers of engagement through its NFT ecosystem. Players have the opportunity to mint more Nyans, clone their Guardian Robots, and collect rare and unique weapons and skins. All these items can be traded in the marketplace, allowing players to diversify their collections and potentially profit from their gameplay. Significant Funding and Upcoming Developments Nyan Heroes has garnered significant financial backing, raising $13 million from prominent investors including Mechanism Capital, Delphi Ventures, and Shima Capital. This funding is a testament to the potential seen in the project's innovative approach to combining gaming and blockchain technology. In a recent announcement, Nyan Heroes revealed an upcoming airdrop for game players, which is expected to further enhance player engagement and expand the community. Additionally, NYAN deposits are now open on Bitget, with trading set to commence shortly, providing players and investors with new opportunities to engage with the game's economy. Nyan Heroes is set to make a significant impact on the play-to-earn gaming landscape. By delivering a high-quality gaming experience enriched with NFT mechanics and a player-driven economy, it aims to attract a wide audience of gamers and blockchain enthusiasts alike. With strong financial backing and an active roadmap for future developments, Nyan Heroes is poised to become a major player in the metaverse. 
×
×
  • Create New...
us