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PRT Feature request - Auto adition of indicators for backtests and auto traded systems
Asked by
Stef,
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14/01/21 09:51
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By bennyblanco · Posted
I seem to remember reading somewhere that over a certain limit the buying and selling fees are no longer a flat fee and become a percentage of the sale/purchase. Is this true and if so what are the limits and how does one buy or sell above a certain value? I'm talking specifically about equities. Couldn't find any information on this so any guidance would be welcome. Thanks! -
I really trade! Here is a trade from this week - The Market is an ETF of the Nasdaq100 Index provided by ishares - CNX1 This was a 2 day Swing trade If you've read the above posts then this is a clear DOUBLE BOTTOM following all the rules mentioned in the posts above ENTRY - Entry was actually set for the high of the Inside bar but the market gapped up and opened at the GREEN horizontal line! which was fine As you can see the DB caused a classic W shape if fulfilled - 2RSI in the <25% Oversold zone = 1 high probability trade potential with target of the swing high of the long leg of the W - as you can see price hit that level this afternoon for a healthy return - This provided a 2R return, "IF" (and we have no control over this) I'd of been triggered in at the high of the Inside bar as planned rather than the gapped entry, the R:R was 4R if stop placed at the swing low or 11R if entry was high of the narrow range IB and stop was at the low of it! - Now in this trade - the intention was the 11R trade but the Gap caused a change of plan THIS IS WHY I TRADE BECAUSE OFTEN THESE TRADES COME OFF INTENDED AS PLANNED - this one didn't but it was still a half decent trade To prove the position - I won't be doing this ever again - very NEARLY got the high! You can SCAN the market EVERY DAY for NARROW RANGE bars - and then when they conform to trading method you employ they offer an ultra high probability trading opportunity with ultra high returns -
Hi JLZ You need to investigate the company issuing the said ETP's - There's lots of different ones out there, some buy real assets, so use "synthetic" tracking etc - they are 100% legit but you have to be certain they won't go bust Key considerations as you are investing real money into the ETP are: Is the ETP safe in terms of going bust Is you ISA/SIPP/DEALING account provider safe I've traded these products for decades - as long as the ETP provider does not go bust then normal investing/trading risks apply - I've just literally this afternoon taken profits on a Nasdaq100 ETF They came on the scene in the late 90's in the UK and you could track markets not offered by funds at that point - I was in a china ETF in 2000 provided by ishares within my sipp/isa account and was a cheap way of tracking the Chinese market as you didn't have the 5% bid/offer spread and 1% AMC You buy them exactly as you would say BP - If BP goes belly up overnight you're cash is trapped, same would apply here, but as I say if the company is liquid and sound then normal risks apply
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Question
Stef 0
When backtesting a strategy, or when viewing the performance of an auto traded system, why not have an option to auto add the indicators that are used?
For example, if the strategy makes use of a moving average cross, why not add the moving averages to the price chart automatically?
Without the indicators that are used in the strategy on the chart, it is often times difficult to see why exactly something happened - like the opening or closing of a position. Adding these manually can take quite a bit of time, especially if multiple indicators are used.
Also, and probably more importantly, if you optimize a backtest by adding variables to change indicator values, what will be displayed on the chart and what is used in the backtest will be different - because you would have had to add the indicator to the chart manually. For instance if you add a 15 period moving average to your chart, and then run a backtest to determine if 15 is indeed the best period to use, your backtest will will show results for the best period selected, but your chart will still show the 15 period moving average.
PS: This should be easy enough to implement - all the information is already in the strategy - and can be an option that is toggled on or off.
Does anyone else see value in this?
Regards
Stef
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