Best Forex Backtesting Software for 2020 - Admiral Markets

Trading economic news

The majority of this sub is focused on technical analysis. I regularly ridicule such "tea leaf readers" and advocate for trading based on fundamentals and economic news instead, so I figured I should take the time to write up something on how exactly you can trade economic news releases.
This post is long as balls so I won't be upset if you get bored and go back to your drooping dick patterns or whatever.

How economic news is released

First, it helps to know how economic news is compiled and released. Let's take Initial Jobless Claims, the number of initial claims for unemployment benefits around the United States from Sunday through Saturday. Initial in this context means the first claim for benefits made by an individual during a particular stretch of unemployment. The Initial Jobless Claims figure appears in the Department of Labor's Unemployment Insurance Weekly Claims Report, which compiles information from all of the per-state departments that report to the DOL during the week. A typical number is between 100k and 250k and it can vary quite significantly week-to-week.
The Unemployment Insurance Weekly Claims Report contains data that lags 5 days behind. For example, the Report issued on Thursday March 26th 2020 contained data about the week ending on Saturday March 21st 2020.
In the days leading up to the Report, financial companies will survey economists and run complicated mathematical models to forecast the upcoming Initial Jobless Claims figure. The results of surveyed experts is called the "consensus"; specific companies, experts, and websites will also provide their own forecasts. Different companies will release different consensuses. Usually they are pretty close (within 2-3k), but for last week's record-high Initial Jobless Claims the reported consensuses varied by up to 1M! In other words, there was essentially no consensus.
The Unemployment Insurance Weekly Claims Report is released each Thursday morning at exactly 8:30 AM ET. (On Thanksgiving the Report is released on Wednesday instead.) Media representatives gather at the Frances Perkins Building in Washington DC and are admitted to the "lockup" at 8:00 AM ET. In order to be admitted to the lockup you have to be a credentialed member of a media organization that has signed the DOL lockup agreement. The lockup room is small so there is a limited number of spots.
No phones are allowed. Reporters bring their laptops and connect to a local network; there is a master switch on the wall that prevents/enables Internet connectivity on this network. Once the doors are closed the Unemployment Insurance Weekly Claims Report is distributed, with a heading that announces it is "embargoed" (not to be released) prior to 8:30 AM. Reporters type up their analyses of the report, including extracting key figures like Initial Jobless Claims. They load their write-ups into their companies' software, which prepares to send it out as soon as Internet is enabled. At 8:30 AM the DOL representative in the room flips the wall switch and all of the laptops are connected to the Internet, releasing their write-ups to their companies and on to their companies' partners.
Many of those media companies have externally accessible APIs for distributing news. Media aggregators and squawk services (like RanSquawk and TradeTheNews) subscribe to all of these different APIs and then redistribute the key economic figures from the Report to their own subscribers within one second after Internet is enabled in the DOL lockup.
Some squawk services are text-based while others are audio-based. FinancialJuice.com provides a free audio squawk service; internally they have a paid subscription to a professional squawk service and they simply read out the latest headlines to their own listeners, subsidized by ads on the site. I've been using it for 4 months now and have been pretty happy. It usually lags behind the official release times by 1-2 seconds and occasionally they verbally flub the numbers or stutter and have to repeat, but you can't beat the price!
Important - I’m not affiliated with FinancialJuice and I’m not advocating that you use them over any other squawk. If you use them and they misspeak a number and you lose all your money don’t blame me. If anybody has any other free alternatives please share them!

How the news affects forex markets

Institutional forex traders subscribe to these squawk services and use custom software to consume the emerging data programmatically and then automatically initiate trades based on the perceived change to the fundamentals that the figures represent.
It's important to note that every institution will have "priced in" their own forecasted figures well in advance of an actual news release. Forecasts and consensuses all come out at different times in the days leading up to a news release, so by the time the news drops everybody is really only looking for an unexpected result. You can't really know what any given institution expects the value to be, but unless someone has inside information you can pretty much assume that the market has collectively priced in the experts' consensus. When the news comes out, institutions will trade based on the difference between the actual and their forecast.
Sometimes the news reflects a real change to the fundamentals with an economic effect that will change the demand for a currency, like an interest rate decision. However, in the case of the Initial Jobless Claims figure, which is a backwards-looking metric, trading is really just self-fulfilling speculation that market participants will buy dollars when unemployment is low and sell dollars when unemployment is high. Generally speaking, news that reflects a real economic shift has a bigger effect than news that only matters to speculators.
Massive and extremely fast news-based trades happen within tenths of a second on the ECNs on which institutional traders are participants. Over the next few seconds the resulting price changes trickle down to retail traders. Some economic news, like Non Farm Payroll Employment, has an effect that can last minutes to hours as "slow money" follows behind on the trend created by the "fast money". Other news, like Initial Jobless Claims, has a short impact that trails off within a couple minutes and is subsequently dwarfed by the usual pseudorandom movements in the market.
The bigger the difference between actual and consensus, the bigger the effect on any given currency pair. Since economic news releases generally relate to a single currency, the biggest and most easily predicted effects are seen on pairs where one currency is directly effected and the other is not affected at all. Personally I trade USD/JPY because the time difference between the US and Japan ensures that no news will be coming out of Japan at the same time that economic news is being released in the US.
Before deciding to trade any particular news release you should measure the historical correlation between the release (specifically, the difference between actual and consensus) and the resulting short-term change in the currency pair. Historical data for various news releases (along with historical consensus data) is readily available. You can pay to get it exported into Excel or whatever, or you can scroll through it for free on websites like TradingEconomics.com.
Let's look at two examples: Initial Jobless Claims and Non Farm Payroll Employment (NFP). I collected historical consensuses and actuals for these releases from January 2018 through the present, measured the "surprise" difference for each, and then correlated that to short-term changes in USD/JPY at the time of release using 5 second candles.
I omitted any releases that occurred simultaneously as another major release. For example, occasionally the monthly Initial Jobless Claims comes out at the exact same time as the monthly Balance of Trade figure, which is a more significant economic indicator and can be expected to dwarf the effect of the Unemployment Insurance Weekly Claims Report.
USD/JPY correlation with Initial Jobless Claims (2018 - present)
USD/JPY correlation with Non Farm Payrolls (2018 - present)
The horizontal axes on these charts is the duration (in seconds) after the news release over which correlation was calculated. The vertical axis is the Pearson correlation coefficient: +1 means that the change in USD/JPY over that duration was perfectly linearly correlated to the "surprise" in the releases; -1 means that the change in USD/JPY was perfectly linearly correlated but in the opposite direction, and 0 means that there is no correlation at all.
For Initial Jobless Claims you can see that for the first 30 seconds USD/JPY is strongly negatively correlated with the difference between consensus and actual jobless claims. That is, fewer-than-forecast jobless claims (fewer newly unemployed people than expected) strengthens the dollar and greater-than-forecast jobless claims (more newly unemployed people than expected) weakens the dollar. Correlation then trails off and changes to a moderate/weak positive correlation. I interpret this as algorithms "buying the dip" and vice versa, but I don't know for sure. From this chart it appears that you could profit by opening a trade for 15 seconds (duration with strongest correlation) that is long USD/JPY when Initial Jobless Claims is lower than the consensus and short USD/JPY when Initial Jobless Claims is higher than expected.
The chart for Non Farm Payroll looks very different. Correlation is positive (higher-than-expected payrolls strengthen the dollar and lower-than-expected payrolls weaken the dollar) and peaks at around 45 seconds, then slowly decreases as time goes on. This implies that price changes due to NFP are quite significant relative to background noise and "stick" even as normal fluctuations pick back up.
I wanted to show an example of what the USD/JPY S5 chart looks like when an "uncontested" (no other major simultaneously news release) Initial Jobless Claims and NFP drops, but unfortunately my broker's charts only go back a week. (I can pull historical data going back years through the API but to make it into a pretty chart would be a bit of work.) If anybody can get a 5-second chart of USD/JPY at March 19, 2020, UTC 12:30 and/or at February 7, 2020, UTC 13:30 let me know and I'll add it here.

Backtesting

So without too much effort we determined that (1) USD/JPY is strongly negatively correlated with the Initial Jobless Claims figure for the first 15 seconds after the release of the Unemployment Insurance Weekly Claims Report (when no other major news is being released) and also that (2) USD/JPY is strongly positively correlated with the Non Farms Payroll figure for the first 45 seconds after the release of the Employment Situation report.
Before you can assume you can profit off the news you have to backtest and consider three important parameters.
Entry speed: How quickly can you realistically enter the trade? The correlation performed above was measured from the exact moment the news was released, but realistically if you've got your finger on the trigger and your ear to the squawk it will take a few seconds to hit "Buy" or "Sell" and confirm. If 90% of the price move happens in the first second you're SOL. For back-testing purposes I assume a 5 second delay. In practice I use custom software that opens a trade with one click, and I can reliably enter a trade within 2-3 seconds after the news drops, using the FinancialJuice free squawk.
Minimum surprise: Should you trade every release or can you do better by only trading those with a big enough "surprise" factor? Backtesting will tell you whether being more selective is better long-term or not.
Hold time: The optimal time to hold the trade is not necessarily the same as the time of maximum correlation. That's a good starting point but it's not necessarily the best number. Backtesting each possible hold time will let you find the best one.
The spread: When you're only holding a position open for 30 seconds, the spread will kill you. The correlations performed above used the midpoint price, but in reality you have to buy at the ask and sell at the bid. Brokers aren't stupid and the moment volume on the ECN jumps they will widen the spread for their retail customers. The only way to determine if the news-driven price movements reliably overcome the spread is to backtest.
Stops: Personally I don't use stops, neither take-profit nor stop-loss, since I'm automatically closing the trade after a fixed (and very short) amount of time. Additionally, brokers have a minimum stop distance; the profits from scalping the news are so slim that even the nearest stops they allow will generally not get triggered.
I backtested trading these two news releases (since 2018), using a 5 second entry delay, real historical spreads, and no stops, cycling through different "surprise" thresholds and hold times to find the combination that returns the highest net profit. It's important to maximize net profit, not expected value per trade, so you don't over-optimize and reduce the total number of trades taken to one single profitable trade. If you want to get fancy you can set up a custom metric that combines number of trades, expected value, and drawdown into a single score to be maximized.
For the Initial Jobless Claims figure I found that the best combination is to hold trades open for 25 seconds (that is, open at 5 seconds elapsed and hold until 30 seconds elapsed) and only trade when the difference between consensus and actual is 7k or higher. That leads to 30 trades taken since 2018 and an expected return of... drumroll please... -0.0093 yen per unit per trade.
Yep, that's a loss of approx. $8.63 per lot.
Disappointing right? That's the spread and that's why you have to backtest. Even though the release of the Unemployment Insurance Weekly Claims Report has a strong correlation with movement in USD/JPY, it's simply not something that a retail trader can profit from.
Let's turn to the NFP. There I found that the best combination is to hold trades open for 75 seconds (that is, open at 5 seconds elapsed and hold until 80 seconds elapsed) and trade every single NFP (no minimum "surprise" threshold). That leads to 20 trades taken since 2018 and an expected return of... drumroll please... +0.1306 yen per unit per trade.
That's a profit of approx. $121.25 per lot. Not bad for 75 seconds of work! That's a +6% ROI at 50x leverage.

Make it real

If you want to do this for realsies, you need to run these numbers for all of the major economic news releases. Markit Manufacturing PMI, Factory Orders MoM, Trade Balance, PPI MoM, Export and Import Prices, Michigan Consumer Sentiment, Retail Sales MoM, Industrial Production MoM, you get the idea. You keep a list of all of the releases you want to trade, when they are released, and the ideal hold time and "surprise" threshold. A few minutes before the prescribed release time you open up your broker's software, turn on your squawk, maybe jot a few notes about consensuses and model forecasts, and get your finger on the button. At the moment you hear the release you open the trade in the correct direction, hold it (without looking at the chart!) for the required amount of time, then close it and go on with your day.
Some benefits of trading this way: * Most major economic releases come out at either 8:30 AM ET or 10:00 AM ET, and then you're done for the day. * It's easily backtestable. You can look back at the numbers and see exactly what to expect your return to be. * It's fun! Packing your trading into 30 seconds and knowing that institutions are moving billions of dollars around as fast as they can based on the exact same news you just read is thrilling. * You can wow your friends by saying things like "The St. Louis Fed had some interesting remarks on consumer spending in the latest Beige Book." * No crayons involved.
Some downsides: * It's tricky to be fast enough without writing custom software. Some broker software is very slow and requires multiple dialog boxes before a position is opened, which won't cut it. * The profits are very slim, you're not going to impress your instagram followers to join your expensive trade copying service with your 30-second twice-weekly trades. * Any friends you might wow with your boring-ass economic talking points are themselves the most boring people in the world.
I hope you enjoyed this long as fuck post and you give trading economic news a try!
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Forex Trading Guide for Newcomers

Each new dealer should begin Forex trading with a demo account as it is without a chance. When you become more acquainted with the method, at that point you can move to the market with a genuine record. Be that as it may, we are currently going to clarify probably the best Forex trading tips for amateurs. These tips will help every one of the newcomers in keeping away from the most extreme misfortune.

Gather Information of the Market

It is basic to think about the business totally. On the off chance that you get data from various brokers, at that point you will have the option to know the correct strategy for trading. You can either gather data from the web as it is the best wellspring of social occasion information. Or the consequences will be severe, you can meet distinctive fruitful and master merchants to gather information about the Forex showcase. You can likewise take help from master Commodity and Forex Signals Provider.

Long haul Is Better than Short-Term

Limiting the hazard is basic for each broker either master or new. Each broker needs to realize the best approach to safeguard his/her capital. Each novice needs to comprehend that effective dealers create riches from long haul inclines rather than short. They maintain their control open for a few days or even months. As such, Forex works like an advantage, not a lottery. For long haul trading, it is fundamental to have persistence. In any case, on the off chance that regardless you need to adhere to transient trading, at that point it is smarter to pick outstanding amongst other Forex signal suppliers. You can do trading with the assistance of their Forex signals administrations.

Keep It Simple

Each merchant needs to keep a basic Forex trading framework. There is no compelling reason to exhaust on the graphs with the signals and markers. You need to make a straightforward procedure to do trading. On the off chance that you will have a confounded trading framework, at that point it is difficult to comprehend. Consequently, it would prompt an extraordinary misfortune rather than benefit. In the event that you need to realize that your technique is great or not, you need to do inquire about just as perform backtesting.
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How To Choose An Automated Trading Platform?

How To Choose An Automated Trading Platform?
When going for an automated trading platform it is very important to look for some important features before you decide on the automated trading platform you want to trade on. Different automated trading platforms offer different services which have their own pros and cons and might suit certain strategies and better than the others.
We have discussed important features that you should consider while choosing an algorithmic trading platform.

Select The Right Automated Trading Platform


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Backtesting

A backtest is a historical simulation of an algorithmic trading strategy to see how it would’ve performed on the data in the past. Backtest results usually show the strategy’s performance in terms of profits and losses and some popular performance statistics like Sharpe Ratio or Information ratio which help to quantify the strategy’s return on risk. Hence a good backtesting software can be a great plus for an automated trading platform. Backtests can be divided into two categories ‘Research Backtesters’ and ‘Event-Driven Backtesting’.

Programming Languages

Choice of programming language is very important while deciding which platform to use for automating your trading strategy. Different languages have different pros and cons. Most commonly used programming languages used for algorithmic trading are C++, C#, Java, R, Python, and MATLAB. You can refer to one of our recent posts on top backtesting platforms where we’ve discussed popular programming languages.

Data

Different automated trading platforms provide access to/support trading/backtesting of certain securities only; some provide specific access to data feeds like Bloomberg and Thomson/Reuters. For instance, there are platforms dedicated to Forex trading or Equities trading only that too in specific markets. You need to make sure what the automated trading platform offers and then decide based on your needs. The frequency of data that you would need should also be taken into account. Some strategies would require daily EOD data while some other strategies might require intraday trading data.

Web-Based Platform

Some automated trading platforms also provide the web-based platform for online trading and backtesting which makes it easy and convenient to access your trading platform anywhere. The web-based platform may have less number of features compared to the desktop trading platform.

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Complexity

Different automated stock trading platforms vary in ease of use. Some platforms may require actual programming expertise while others may not. Most platforms provide a demo version which can help you decide what fits your comfort level. The complexity of platforms can be different for different assets traded, and one should check the different tools & features available to analyze the specific asset class.

Number of Strategies Allowed

Sometimes there might be restrictions on the number of long or short strategies loaded on a particular account and you might need extra accounts for more strategies. You should also check if you have enough memory on your computer for multiple accounts if required as it can be memory intensive. Some platforms also offer their own trading strategies as add-ons which can be subscribed by paying a periodic or one-time fee.

Commissions/Costs

Trading commissions can impact your profits to a great extent. Carefully choose the plan which suits your trading requirements. Also, check if there are initial and/or monthly fees and what is offered against it to make sure you are only paying for services which you actually want.

Technical Support & Customer Service

Automated Trading platforms are expected to have an extremely high “up-time” and rarely go out of service. Before choosing the platform you should check the history of outages and if there have been any other issues in the past, how soon were those resolved, and how knowledgeable and helpful was the support team.
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Trading Contest: Rules, Benchmarks and Prizes.

I've now arranged at least one backer for the trading contest to provide investment prizes. Some of the details of this may be subject to change. Last week my girlfriend went away on a trip and in the car she took was a bag with two of my phones and one laptop. So I've not yet discussed the finer points of this on the phone with the backer yet, just briefly exchanged some emails and have an agreement in principle. I'll be able to confirm Sunday/Monday when she's back.

Initial Funding Offer

Testing investment of $10,000. Scaling to full investment of $100,000. Further adding of funding up to $1 million.

Requirements

Meet a tier 3 trader benchmark.
Tier 3 traders have to be able to produce an average return of 3% a month and never exceed 10% drawdown.
Results need to be over 9 month - 12 months. The trading data needs to be made available for quant team analysis.

Account Requirements

Results have to be produced on live accounts, with a funding of $1,000 (or more).

If anyone is able to produce solid results but for some reason can not afford to fund this, I am willing to sponsor you for this, providing the seed capital (essentially investing in you). For me to do this, I'll need to see you producing solid results on a demo account for at least 3 - 6 months. If you can, I'll set up something to allow you access to live funds trading without self funding it.

Drawdown Rules

Drawdown will be tracked with professional metrics. This means we are tracking equity drawdown (not balance drawdown), and it mean we're tracking equity drawdown from high water mark.

This means if you open trades and they float against you, but later close profitably the drawdown in running trades is counted as losses. It also means if your trades go into profit and later close at a loss the percentage loss will be from the high in equity. So for example if you go up 2% in equity profit and close 1% loss, you lost 3%. 3% is your high water mark drawdown.

So it is essential you can both control your running equity losses, and efficiently cap losses on unrealised profits.

Markets

The backer is mainly from the Forex world, but also willing to provide backing for results from other markets. So people can trade where they know best.

(Note: For me funding you, I'll probably only be accepting Forex. Logistical reasons).

Toxic Tendencies

Results will be screened by quant team for 'toxic tendencies'. These are known weaknesses in strategies that mean they can produce short term results, but rarely are sustainable. The most common example of this is martingale. Toxic tendencies strategies will be rejected even if they produce good results. If there is any chance at all of them being considered 18 months or more of trading history will be required.

Fresh Accounts

For the purposes of this contest, all accounts will have to be new accounts tracking forward from the start date of the contest. Backtesting or previous forward testing will not be accepted.

Further Funding

The funding available can be further increased if tier 3 benchmarks are passed. Tier 3 is the lowest viable results, with funding usually capped under 5 million (most commonly 1 million). If traders can beat tier 3 results and match tier 2 or even tier 1 results, a lot more funding is available.
As a rule of thumb, tier 2 traders have minimum investments of 5 - 10 million. Tier 1 traders minimum investments of $100 million. I will discuss in more detail with people how to progress through these tiers if and when it is applicable.

Time Scale of Opportunity

This is open indefinitely. The backer will probably be quite happy to offer incentives like this for a long time (profitable traders are worth a lot of money to those who can fund them). Even if for some reason they decide to no longer offer funding, in a few years time I will be in a position where I can allocate large amounts of funds to profitable traders - so I will provide continuity of this offer.

My Benchmarks

As benchmarks, I will provide a few different strategies that I know are suitable for tier 3 trading. It has always been in my plan to provide some strategy write ups for these for people to learn them, and then have them running with ongoing results updates for people to see how they perform. So I will just push on with getting this set up, and then use these strategies as my entries into the contest and setting of tier 3 benchmarks.

Starting Date

ETA for this is probably in the next 3 weeks. This gives me a bit of time to do the strategy write ups and finalise details on funding requirements and scale up of investments. I will update on this when I have a more solid timeline.
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HOWTO download BitMEX historical ETHUSD price data using Python (working code included) for free

Hello! I wrote this HOWTO as part of a series of posts on getting historical tick and bar data for various financial products. I've included some custom python code that connected through the BitMEX API and I thought people here might find it useful!
ETH traders can get minute bar data for entire history of BitMEX's perpetual contract by changing the symbol to "ETHUSD" in the code provided in this post:
HOWTO acquire BitMEX historical price data using Python (working code included) for algo trading and backtesting
Any comments or feedback is welcome! Cheers!
submitted by finance_student to ethtrader [link] [comments]

Forex Trend Trading - The Trend is Your Friend

Electronic currency trading is fast becoming Forex Millennium Review a widely popular forex investment venture. This is where you use the Internet and a few software applications to go about your daily forex data providers are hooked up to an electronic forex trading platform. These providers send out forex data including historical foreign exchange information good for forex backtesting, alerts, signals and news.

There are computer applications which can aid you in your trades. These have preconfigured systems which handle trade decisions and predictions based on its updated database of current forex information sent by the electronic currency trading platform itself or any of the forex data providers in its list. The built-in systems of these computer programs are also designed to interact with the decisions, trading styles and predictions of beta users, prioritizing stored user data with the least percentage of trade losses in comparison to its current forex database information. Also, most of these beta testers are popular forex specialists and investment advisers.

To profit from your ECurrency trading ventures, you need to identify the best platform to use. Ask around for advice from your friends and colleagues with knowledge and experience in electronic forex trading.Also consult reputable sources of information about these platforms and software applications. These can include popular forex specialists, finance advisers and investment consultants.

Make sure that your computer is free from malicious programs which can steal your private information. This can be a bigger problem, especially if your forex trading applications and the platforms where you go about your daily trades are compromised. You may not even know that your computer is already sending out confidential data, related to your forex trading ventures or otherwise, to predesignated servers, all while you're using these electronic currency trading platforms.

https://discountdevotee.com/forex-millennium-review/
submitted by adamssmith8754 to u/adamssmith8754 [link] [comments]

Can the simplest forex indicators make you a millionaire?

This was a question on Quora I have recently answered for and thought some of you here might find it useful.
So I insert it here:
#####
Do you want to be a millionaire trading Forex with indicators? Well, of course, you do...why would you post this question to Quora otherwise?
The REAL question is – how do you do it?
There are countless different technical indicators out there, so where do you start? Where do you focus your valuable time and money?
Let's understand first what Forex indicators are. In essence, they are tools that turn the already available price data into something else. You've read it right. They don't provide any new information you couldn't get simply by looking at the chart.
But there are still people who get amazing results with indicators. Have they invented a secret tool that actually moves the needle?
I'm not Tyrion Lannister to tell this to you, but it's probably not the case. As far as I know, there tends to be one reason why somebody is crushing it with technical indicators while others don't.
And it has nothing to do with the indicator or indicators being used.
So what I am talking about?
It's the personality of the trader that matters. Just think about it:
Indicator-based trading is more objective than price action trading. You can argue about whether a chart pattern is present, but there's no argument about an indicator's direction.
I really don't want to get into the age-old debate of which one is better because the answer varies from person to person. The point is that you have to find out which works for you.
It's not a complicated process, although requires a lot of time. Can you guess what it is? I know you can, it's called testing.
If I told you to start boxing because it works for Mike Tyson, chances are you would laugh at me. Then, in the same way, don't put money into random indicator just because somebody allegedly makes millions using it.
That somebody might has a large trading capital, a perseverant attitude, years of experience and a system you will never able to follow because it goes against everything you are comfortable with.
You have to test different indicators as well as price action techniques. By doing so, you will know which approach best suits you. Also, you will naturally figure out which of the specific indicators, chart patterns, candlestick patterns, etc., performed the best.
You can use free tools like MetaTrader's strategy tester feature or TradingView's market replay. Also, you can invest in backtesting software such as ForexTester.
####
Have a nice day!
submitted by marcellpetras to Forex [link] [comments]

Best Crypto Trading Bots 2019

Best Crypto Trading Bots 2019
WolfpackBOT - The World's Fastest Crypto Trading Bot

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There are basically two different ways you can make mazuma from digital currencies. You can purchase a couple of coins currently, hold them for an extensive period and offer them after the esteem has risen significantly or you can get started with exchanging digital forms of money, here once more, you can exchange physically or run with the best crypto exchanging bots. While holding cryptographic money for a more drawn out term has turned out to be fulfilling, it takes a bounty of time and tolerance for you to optically observe the estimation of your speculation increase.If you are somebody, who does not have the persistence to hang tight for so long, at that point digital currency trading provides you with the immaculate chance to make some mazuma. Numerous prosperous digital currency dealers do recommend you purchase low and sell high. In any case, this is easier verbalized than done.
Digital currencies have been cosmically unpredictable since the earliest reference point. They are the main tradable resources whose esteem shifts in twofold digit rates every day. The cost does not generally go up either. Along these lines, timing the market is the way to turning into a prosperous cryptographic money merchant.
Exchanging digital money isn't any advanced science. All you require is a record on a digital money trade and some cryptographic money in your wallet. This would have been the situation, had you started exchanging these computerized resources route in 2010.
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The way that a superior offer quickly negated your offer does not assign that somebody is continually crushing before the PC. You just set off crypto exchanging bot when you submitted your request. The best bitcoin exchanging bots have surmounted the whole cryptographic money exchanging biological system, and this is primarily because of the way that they are more effective than people, particularly when it comes down to exchanging.
Presently that you ken that bots have surmounted the crypto exchanging market, you more likely than not understood as of now that the chances of making mazuma when piled facing a great many bots are cosmically svelte.
You could ace all the distinctive specialized investigation strategies and exceed the bots. In any case, in addition to the fact that this is tedious withal very tedious. So instead of investing more energy finding out about the specialized investigation, you can set up the crypto exchanging bots all alone. By the end of this article, not exclusively will you ken probably the most profitably rewarding cryptographic money exchanging bots out there, yet moreover will be enabled with the intelligence of winnowing your very own exchanging bot later on.
Variables to Look for When Culling the Best Crypto Trading Bots
  1. Dependability
A standout amongst the most vital viewpoints to consider is the dependability of an exchanging bot. You would not operate to lose on a brilliant open door because your crypto bot went disconnected or stopped working for quite a while.
You may contend that there is no real way to make sure about the dependability of a specific exchanging bot. Notwithstanding, you aren't the just a single using a bot. Scan for what alternate clients who have used a particular bot need to verbally express about its consistent quality or basically allude to our rundown of the best bitcoin exchanging bots underneath.
  1. Security
With regards to cryptographic forms of money, you can't inculpate anybody yet yourself if there should be an occurrence of a hack. When you initiate using an exchanging bot, you are giving the bot access to your mazuma. This can be very jeopardous, particularly if the exchanging bot is beginning in the field.
There is no telling how secure a specific bot is. In this way, while separating an exchanging bot, complete quintessential research and winnow a bot that has been broadly extolled for its security.
  1. Productivity
Everything comes down to this fundamental part. Is the bot profitably worthwhile or not? An inquiry for which it is elusive an answer. The primary reason you chose to run with an exchanging bot is to benefit over its exchanging ability. There is no influential pertinence in using a bot that isn't profitably rewarding. In this way, discover the productivity of a bot up to you put both your time and mazuma into it.
  1. Straightforwardness
The fundamental motivation behind why digital currency rose to acclaim is that the entire system is plenarily straightforward. There is the wrong spot for any injustice. The equivalent ought average even from the exchanging bot that you choose to run with.
Attempt to winnow a bot whose engineers are unmistakable for their work in the network. Straightforwardness benefits to fabricate trust as well as also profits you to connect with the ideal individuals to adjust any issue.
  1. Simplicity of profit
The entire cogency of running with a robotized bitcoin exchanging is to make the whole procedure of transferring cryptographic forms of money simple for everybody. A bot which accompanies a simple to use interface is the one that is exceptionally well known. Having the capacity to control the bots with only a couple of snaps of the mouse is something you should pay individual mind to, in the bot that you choose to use.
Considering every one of the variables we have arranged a rundown of the best ten digital currency exchanging bots in 2019, the review will be unendingly refreshed with the goal that data remains apropos.
Top 10 Best Crypto Trading Bots in 2019
  1. Cryptohopper
This may be a new bot in the crypto exchanging market. In any case, this newcomer has figured out how to blow some people's minds because of the comprehensive exhibit of highlights that this bot gives. One of the defeats of most exchanging bots is that they kept running on your neighborhood machine. This betokens they run just when you have turned on your PC.
With the lift in enthusiasm for cloud-predicated advancements, Cryptohopper uses cloud innovation to keep the bot running day in and day out. By running the bot on a cloud, clients will most likely put in exchange requests notwithstanding amid the night. In this manner, no open door is missed.
Another critical reason that prompted the lift in the notoriety of Cryptohopper is its simplicity of usage, particularly for the tyro. The bot has incorporated with an outside exchanging signaller. This assigns anybody can initiate using this bot by running it on autopilot. This is a help to the nascent dealers, who need not stress over setting exchanging signals for their bot. The bot withal gives progressively experienced clients a chance to mess around and set their own exchanging signals. Along these lines, it is satisfying the desiderata of both. Aside from this, the bot is incidentally outfitted with highlights, for example, trailing stops, specialized examination, formats, and backtesting. Formats benefit you to design a nascent setting for your bot quickly, and specialized investigation sanctions you to redo and arrange your own settings.
Like every extraordinary thing, the crypto container comes with a sticker price fastened to it. The cost starts from $19 every month for the fundamental arrangement and goes up to $99 per month if you operate their most extravagant arrangement. When you buy into any of the organizations, you can start using the bot on prominent trades like Binance, Huboi, Kucoin, Bittrex, Coinbase, Poloniex, Kraken, Cryptopia, and Bitfinex. On the off chance that you are slanted to spend the additional buck on an exchanging bot, at that point Cryptohopper is an extraordinary separate.
  1. 3Commas
Even though 3Commas bot is nascent to the exchanging bot scene, it could give its clients huge increases, notwithstanding amid the crypto bear showcase.
The new element that dissevers this bot from other bots is its workforce to trail any crypto advertise. This authorizes the bot to close the exchange at the most profitably excellent position, yet the objective addition set by the utilizer had just been come to. This element benefits enormously amid the crypto bull run. Additionally, the bot adventitiously endorses clients to exchange numerous cryptographic forms of money simultaneously. In this manner, it is not passing up any great exchanging opportunity that goes along the way. The bot is set up on the cloud and is available through the site. This betokens the bot runs 24X7. The bot can be designed with Binance and Bittrex at this moment and increasingly legitimate trades, for example, BitFinex, Poloniex, KuCoin, and so forth will be coordinated anon.
The 3Commas comes with a sticker price appended to it. The starter plan will cost you $24, and the most luxurious genius pack would set you back by $82. On the off chance that you operate to give crypto bot exchanging a go, at that point, you could use the 3Commas starter plan and later peregrinate to the more rich schemes.
  1. Gunbot
This is another mainstream exchanging bot with more than 6000 dynamic merchants using its lodging on a quotidian substructure. Good with a few exchanging stages including Binance and GDAX, it very well may be kept running on your nearby PC. This can keep running on Windows, Linus, and the Mac stages, so running on your neighborhood machine would not be a bind.
The bot has 32 diverse pre-arranged exchanging systems which give clients a wide cluster of choices to induce some automated revenue. Among these techniques, the three most well-known ones are the Bollinger band, step addition, and ping pong. Numerous clients have detailed having made a bounty of benefits with the BB procedures. Gunbot isn't in freedom to use and accompanies a one-time level rate running from 0.1BTC to 0.3BTC, contingent upon the highlights that you would savor to optically observe in the bot. Aside from this, the bot supplementally comes as a Lite rendition that has encircled highlights yet can be habituated to test around with the lesser measure of mazuma.
The post-buy support given by the organization is truly surprising. Clients get their issues settled in less than multi-day. The main pickle with regards to this bot is that you ought to in every case reliably outwardly look at the present market state. If the instability of the crypto advertise is high, at that point you ought to most likely turn the bot off to shun any misfortune
  1. Gekko
This is the most diverse digital money exchanging bot in subsistence at present. For any individual who needs to gain proficiency with some things about exchanging bots and not spend any mazuma getting one, at that point Gekko is the bot for you. The Gekko trading bot is an open source bitcoin exchanging bot venture that is accessible for anybody to use for nothing. The way that it is in freedom to use is the fundamental purpose behind its wide prevalence. Like some other open-source ventures, Gekko is free of for all intents and purposes all bugs and even the ones the pop are fixed up at lightning speeds. The Gekko bot can collaborate with a few trades, including Bitfinex, Polonix, and BitStamp. The bot uses a web interface to associate with the clients and can keep running on a neighborhood machine with Windows, Linux, or the Mac OS.
The bot comes pre-designed with some exchanging system. You can initiate using the bot on autopilot as anon as you introduce and design it with a trade. In any case, if you would savor to use your very own exchanging system, the bot withal endorses you to design it to your savoring. While the present design is respectable for trying different things with the bot, there are a few other exchanging techniques accessible online that would benefit you make an all the more profitably worthwhile wager. The bot will withal send you a notice at whatever point it executes a specific exchange. This is finished by incorporating it with the Telegram envoy. Consequently, you will dependably ken how well your bot is performing.
The main drawback to the Gekko exchanging bot is that it isn't very utilizer-heartfelt. There are a few aides in the digital world that direct you through the underlying setup process. Be that as it may, this procedure isn't extremely direct and you would presumably hit a barricade at any rate once amid the underlying setup.
  1. Zenbot
Another allowed to use digital currency exchanging bot, Zenbot can be considered as a further developed form of the Gekko exchanging bot. Nonetheless, as Gekko has been around for a more extended time, it is all the more generally used. Much the same as Gekko, Zenbot programming can be downloaded from Github and introduced on your neighborhood PC. The product is perfect with Windows, Mac just as the Linux working frameworks. The bot comes pre-arranged with an entirely nice exchanging system. In any case, its real potential can be opened only when you initiate executing your exchanging order. The primary bind with the allowed to use bots is that they are frequently not very utilizer-genial. In any case, this isn't the situation with Zenbot. The entire setup process is extremely effortless, and you can have the bot fully operational in all respects speedily. The bot chips away at all prevalent trades, for example, Bitfinex, Poloniex, Bittrex, and so on.
As it is an open source venture, it is without now of a few bugs, and regardless of whether one springs up, it will be adjusted all around speedily. The Zenbot can effortlessly actualize with a few informing stages, for example, slack, Telegram, and so on to give you the updates of any exchange that was executed.
Adventitiously, the Zenbot withal braces high-recurrence exchanging. This is a component that outlined the personnel of the Gekko bot. The Zenbot is being refreshed, and more highlights are being incorporated traditionally. Hence, making it a bot for you to reliably outwardly analyze.
  1. WolfpackBOT: WolfpackBOT is a cryptographic money exchanging programming application that has been created with the most developed highlights of any robotized exchanging programming of its sort. The WolfpackBOT has been intended to execute exchanging directions with the usage of restrictive numerical calculations, and specialized investigation bespeakers predicated on the client's predefined assignments.
The cryptographic money advertise as of now bearish, and many exchanging bots easily miss the scarcest vacillations. WolfpackBOT has been built to execute trading directions at a lightning speed and is fit for making up to a large number of exchanges every day, relying upon the states of the market.
WolfpackBOT is among the few cryptographic money exchanging bots that give crypto aficionados full self-governance, security, and control of their exchanging bot and its related API keys. A large portion of the crypto trading bots out there are cloud-predicated stages that are constrained by outsider frameworks. While these stages guarantee dealers of outright wellbeing and security, insightful brokers ken that in the crypto space, outsider frameworks like trades and other cloud-predicated steps are hacked proximately consistently. Since WolfpackBOT programming and your related API keys are put away individually PC or devoted VPS, WolfpackBOT can sidestep a significant number of the security issues related to cloud-predicated frameworks.
WolfpackBOT has been created for the whole crypto network, from experienced merchants to novices, with three in all respects reasonably valued membership levels. WolfpackBOT accompanies a few membership bundles that authorize clients to exchange with a wide scope of chances predicated on their favored membership.
  1. CryptoTrader
cryptotrader_reviewAlmost all digital money merchants would have aurally seen about the crypto dealer exchanging bot. The across the board fame of this bot is because it was one of the absolute first bots to be kept running on the cloud and accessible to the clients day in and day out.
The crypto broker bot is plenarily web-predicated and in this manner, open from anyplace you can associate with the digital world. The bot can be easily designed with a few well-known trades, for example, Poloniex, Bittrex, Kraken, and so on. This bot does not come for nothing out of pocket. You can operate from the few organizations accessible. The valuing initiates with 0.003BTC every month for the most simple arrangement and this goes up to 0.0472 BTC every month for their excellent arrangement.
While all plans do offer clients support for programmed exchanging, the early highlights and as far as possible for the more indulgent plans is higher than that given the basic arrangement. Any early component that is caused is most readily accessible on the higher bundle designs and are later accessible on the basic plans. On the off chance that you would simply savor to exchange on a solitary trade and with exceptionally delineated mazuma, at that point the basic arrangement will get the job done. Be that as it may, on the off chance that you are outwardly looking at the higher volume of exchanges, at that point run with the higher bundle.
This bot additionally sustains algorithmic exchanging. In this manner, I am making it effortless for clients to execute their very own arrangements. The bot can be effortlessly modified. In this manner, I am making it a broadly utilized cryptographic money exchanging bot.
  1. Bitcoin Robot
btcrobotWe simply needed to incorporate the pioneer of digital currency exchanging bots on our rundown of the best crypto exchanging bots. The Bitcoin robot started as a Bitcoin exchanging bot. In any case, it can now withal be designed to exchange different digital currencies, for example, Ethereum and Litecoin. The bot is accessible as a product and should be downloaded and keep running on your neighborhood machine. This betokens the exchanges will be executed just as long as you keep your PC turned on. The bot can effortlessly work with a few digital money trades and is by and large broadly utilized even today. The bot isn't accessible free of expense and costs you a premium. The cost of the bot ranges from $19.99 every month for the principal plan. In any case, clients usually buy the platinum plan that costs just $399 one time charge and offers utilizer unlimited access to every one of the highlights.
The benefits made by individuals using this bot verbalizes for itself. Supplementally, they do offer a 60-days mazuma back assurance. Along these lines, you should look at them once.
  1. USI Tech
This can't be considered as a bot. In any case, the USI tech BTC settlement promises mechanized benefits for your BTC speculations. The USI Tech was at first intended for Forex exchanging. In any case, after the raise of the ubiquity of Bitcoin, they additionally offer BTC bundles. Not at all like some other BTC exchanging bot where you require to give the API key of your trade account to execute exchanges, on USI Tech, you will require to winnow from among the few BTC master exchanges. At that point, you will begin accepting your segment of benefits at whatever point exchange is made.
The USI Tech stage basically ensures extraordinary comes back to your speculations. The entire procedure of purchasing your absolute first BTC bundle is withal simple and pellucidly elucidated on their site. You can explore different avenues regarding the benefits that you gain. In any case, the number of bundles you purchase, the more dominant will be your benefit
  1. Margin.De (Leonardo Bot)
Edge LeonardobotThis is a cryptographic money exchanging bot with the most utilizer-genial interface. The GUI of the bot is easy to use, and the highlights gave are extremely puissant. The bot was structured with two exchanging techniques ping pong and Margin exchanging actualized into it. In any case, you can withal modify it with your very own custom settings. This bot lays incredible complement on the visual parts of exchanging. The specialized examination done by the bot is immensely simple to break down. What more? The bot has an astonishing component called visual exchanging. This interface feels rich smooth to use and offers clients the most extreme authority over the exchanges.
The bot was at first evaluated at 0.5 BTC consistently. Notwithstanding, presently, it is accessible at a one-time cost extending from $89 to $1999 with the most elevated arrangement offering a bigger number of highlights than th
submitted by restpage123 to digitalseo [link] [comments]

Welcome to AITrading Universe! We help traders to earn more. We help people to trade easily.

The Global financial market is one of the largest markets on the Planet! The total volume is 400 trillion USD and growing! Our mission is to provide equal opportunity for community to participate in it.
Our main features: Machine Analytics AI-based analytical engine discovers hundreds of trading ideas in real time by monitoring unusual trading activity, recognizing patterns, making quantitative analysis. It selects and suggests the most relevant trading ideas (based on visuals like support lines or trend lines) to a user considering his/her preferences and risk tolerance.
Based on selected trading idea, the AI engine develops trading strategies with balanced profit/risk level. A user chooses a strategy, evaluate it with backtesting, and then just follow the accepted trading strategy. With this analytical engine, users can create personal investment portfolio.
Users can employ both technical and fundamental analysis as well as non-traditional BigData sources, such as sentiment data for AI-powered analysis. In addition, it grants access to AI engine analytical functionality (AI-as-a-service, AIaaS) to third parties.
Marketplace & Community AITrading reveals like-minded traders and helps them to communicate with each other, discuss and share ideas, make joint decisions, etc. It establishes a marketplace where successful traders and third parties can offer trading ideas and strategies, propose copy-trading service to a wide spectrum of AITrading users who eventually constitute our marketplace and community.
It provides a blockchain based smart contract system and own currency. A blockchain wallet is built in each trader’s account. The system offers a partnership program for the most successful traders and third party providers who can contribute the joint success of everybody in our community.
Modern Interface AITrading strives to enrich user experience providing intuitive and user-friendly interface (especially for new users) in web version and mobile app. Our team makes every effort to provide a “one-click” approach with the help of one of partner brokers: a user can accept a trading idea and strategy, and place an order in just one click. Our interface offers natural language recognition and application of chat-bots for processing analytical and trading requests.
Trading Infrastructure AITrading empowers user trading infrastructure by offering connection to leading cryptocurrency, forex, commodity, and equity exchanges at one platform with the help of our partner brokers. Users can choose a broker organization to place an order. The blockchain based ledger logs all trading requests and operations.
Interesting? Exciting? Soon more information to come.
More articles here https://medium.com/aitrading/welcome-to-aitrading-universe-f8edd9c8da11
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submitted by aitrading to u/aitrading [link] [comments]

After 9 months of obsession, here is my open source Node.js framework for backtesting forex trading strategies

TL;DR There's lots more to the story. But the code is all open source now. Have at it. I'm too exhausted to continue with this. If you'd like more details, feel free to message me. If you happen to carry on with this project or use any ideas from it, I would greatly appreciate it if you could keep in touch on your findings. If anyone has any insights, please feel free to comment or message me.
I've spent the last nine months working furiously on this. I started a project for backtesting strategies against data I exported from MetaTrader. I had a very powerful computer crunching numbers constantly, trying to find the most optimal configuration of strategy indicator inputs that would results in the highest win rate and profit possible.
Eventually, after talking with a data scientist, I realized my backtesting optimizer was suffering from something called overfitting. He then recommend using the k-fold cross-validation technique. So, I modified things (in the "k-fold" forex-backtesting branch), and in fact it provided very optimistic results when backtested against MetaTrader data (60 - 70% win rate for 3 years). However, I had collected 3 months of data from a trading site (by intercepting their Web Socket data), and when I performed validation tests against that data using the k-fold results created from the MetaTrader data, I only got a ~57% win rate or so. In order to break even with Binary Options trading, you need at least a 58% win rate. So in short, the k-fold optimization results produce a good result when validation tested against data exported from MetaTrader, but they do not produce a good result when validation tested against the trading site's data.
I have two theories on why this ended up not working with the trading site's data:
For the strategy I use the following indicators: SMA (Simple Moving Average), EMA (Exponential Moving Average), RSI (Relative Strength Index), Stochastic Oscillator, and Polynomial Regression Channel. forex-backtesting has an optimizer which tries hundreds of thousands of combinations of values for each of these indicators, combined, and saves the results to a MongoDB database. It can take days to run depending on how many configurations there are.
Basically the strategy tries to detect price reversals and trade with those. So if it "thinks" the price is going to go down within the next five minutes, it places a 5 minutes PUT trade. The Polynomial Regression Channel indicator is the most important indicator; if the price deviates outside the upper or lower value for this indicator (and other indicators meet their criteria for the strategy), then a trade is initiated. The optimizer tries to find the best values for the upper and lower values (standard deviations from the middle regression line).
Additionally, I think it might be best to enter trades at the 59th or 00th second of each minute. So I have used minute tick data for backtesting.
Also, I apologize that some of the code is messy. I tried to keep it clean but ended up hacking some of it in desperation toward the end :)
gulpfile.js is a good place to start as far as figuring out how to use the tools available. Look through the available tasks, and see how various "classes" are used ("classes" in quotes because ES5 doesn't have real class support).
The best branches to look at are "k-fold" and "master", and "validation".
One word of advice: never, ever create an account with Tradorax. They will call you every other day, provide very bad customer support, hang up the phone on you, and they will make it almost impossible to withdraw your money.
submitted by chaddjohnson to algotrading [link] [comments]

How successful as a trader do you have to be to get capital? Is it difficult to start your own fund?

I wrote an algorithm to trade forex back in the beginning of 2011 and since then it's been performing well in forward testing. However, I've also been manually trading on my own account so the two sets of results are mixed in the one account. I've also recently made some small changes to the code which have noticeably increased the algorithm's risk-weighted return for each pair I trade.
A bit about the algo: I trade it on 9 different currency pairs with close to 1700 trades a year. It's based on options theory with unique entrance/exit coding. I also run with tight stops so there's never a carried loss or large draw-down. 2008-2011 backtesting also provided similar successful results. I've got a better Sharpe ratio than many of the funds/CTAs listed on top rankings. I also have a full-time career and strong academic background.
My question: What type of data/results do you need to get capital?
submitted by eurusdguy to finance [link] [comments]

Where to begin learning basic code applications for Algotrading

I am sorry about the amateur post; I am sure the community here just gets flooded with these regularly because of the nature of this topic. I had a couple questions and I was wondering if anyone here could provide me with some insight.
I have been trading demo in forex for a couple years and have learned a lot about market data and trading in general. It has turned out to be an entertaining practice that could be quite profitable if I went live.
I am a very math literate and would love to learn more. I would like to use this literacy plus my capability to use logic in my trading by producing my own automated system. To start out learning this I would like to learn how to program a simple fractal based automated trading system and then optimize it by adjusting variables in my system. My problem is I have zero experience with programming or code and I do not even know where to start.
So if you have any suggestions on where I should begin it will be very very appreciated! Questions I still have is what languages are these algorithms written in and what platforms are used to execute them? I saw a backtest website in the comments of this sub linking to:
https://www.quantopian.com/algorithms
Is there any chance I could have enough understanding of python with self teaching and study only?
If anyone wants to help me build an algorithm for the rule set I will list at the bottom of this post in the comments then it would really help me understand how to get started.
Another quick question I have is: are most people here trading high frequency algorithms or is this a place where people develop systems that only trade a few times a week?
Thanks for your replies in advanced. This is a topic that I wish I had better understanding of but seems so daunting that I feel like I couldn't ever begin to understand it. My formal education is for nursing but I feel like I could dedicate myself enough to make this a worthy hobby.
-AlgoTradingReddit
submitted by AlgoTradingReddit to algotrading [link] [comments]

[xpost /r/stats]New book for backtesting trading strategies - would appreciate help

If you use R's quantstrat packages I would appreciate any help you can offer with a new open-source project I am working on:
Backtesting Strategies in R.
The book is designed to provide information beyond the PDF's demo's and help files as I want to explain how things work, what the functions mean and what the limitations are.
In addition I wanted to get a little into analyzing the data and ensuring accuracy (Ch. 6) and obtaining faster resources such as AWS (Ch. 11).
Some things I need help with:
I would appreciate any help provided and will contributors to the credits.
submitted by timtrice to algotrading [link] [comments]

How successful as a trader do you have to be to get capital? Is it difficult to start your own fund?

I wrote an algorithm to trade forex back in the beginning of 2011 and since then it's been performing well in forward testing. However, I've also been manually trading on my own account so the two sets of results are mixed in the one account. I've also recently made some small changes to the code which have noticeably increased the algorithm's risk-weighted return for each pair I trade.
A bit about the algo: I trade it on 9 different currency pairs with close to 1700 trades a year. It's based on options theory with unique entrance/exit coding. I also run with tight stops so there's never a carried loss or large draw-down. 2008-2011 backtesting also provided similar successful results. I've got a better Sharpe ratio than many of the funds/CTAs listed on top rankings. I also have a full-time career and strong academic background.
My questions:
submitted by eurusdguy to investing [link] [comments]

Forex Calendar API

Hi,
for realizing an automated forex trading strategy I am currently looking for an API that delivers economic calendar data. So far I could find these two providers:
http://www.tradingeconomics.com/ https://www.xignite.com/
Both APIs are relatively expensive and I miss one important information in the provided data. What I need for all releases of economic calendar data is not only the gross release time (e.g. 9:00AM) but the exact time (eg. 9:00:17AM). The reason is that I want to backtest a trading strategy based on this releases and the tests will only be representative if the data is precise enough.
Does somebody have an idea where I could get this data?
Kind regards Sebastian
submitted by seb0zz to Forex [link] [comments]

New book for backtesting trading strategies - would appreciate help

If you use R's quantstrat packages I would appreciate any help you can offer with a new open-source project I am working on:
Backtesting Strategies in R.
The book is designed to provide information beyond the PDF's demo's and help files as I want to explain how things work, what the functions mean and what the limitations are.
In addition I wanted to get a little into analyzing the data and ensuring accuracy (Ch. 6) and obtaining faster resources such as AWS (Ch. 11).
Some things I need help with:
I would appreciate any help provided and will contributors to the credits.
submitted by timtrice to rstats [link] [comments]

Here's why you'll NEVER make money in Forex. The Forex ... Algo Trading With Fractals For Non-Programmers. FREE Custom Indicators and FREE Online Courses Managing market tick data with QCollector and IQFeeds for your trading strategy Setting up a Data Provider in TSLab Backtesting Trading Strategies in Just 8 Lines of Code SIMPLE and PROFITABLE Forex Scalping Strategy! - YouTube How to identify Forex scams in 5 steps (5-FX-Scams 1/6)

Forex backtesting software is a type of program that allows traders to test potential trading strategies using historical data. The software recreates the behaviour of trades and their reaction to a Forex trading strategy, and the resulting data can then be used to measure and optimise the effectiveness of a given strategy before applying it to real market conditions. If you have heard of Forex backtesting, but always wondered how to do it, then this guide is for you. Just like everything in trading and in life, there is no one-size-fits-all. Backtesting will not work for every trader or every trading system. However, there is nothing that I have seen that has universally helped more people become successful in trading, than backtesting. I consider it vital ... So, what is forex backtesting? It’s the process of using a forex strategy tester based on historical price data. You can perform a manual forex backtest by printing out graphs of exchange rates, or looking back through your charts. In addition, you can use sophisticated complex algorithms that perform pattern recognition tasks. Whichever way you decide to backtest your forex strategies, the ... Forex Videos. Free videos about foreign exhcnage (FX) trading . Random video. SUBSCRIBE Build-in data for equities, futures and forex (daily US stocks from 1990, daily futures 31+ years, forex from 1983 etc.) pricing from $45 / month to $295 / month (prices depends on data availability) Dedicated software platform for backtesting and auto-trading: Forex backtesting shows you the validity of your strategy and gives you the information you need to make it better. Even more importantly, it helps you understand your strategy and what you can expect from it. The latter is crucial because no matter how awesome an analyst you become, you will never be able to anticipate the future with certainty. However, if you know what you can expect in the ... I preferably want to test on indices and commodities as well as forex. Does anyone know if this is possible? What data providers is everyone using for long term testing? Thanks in advance! Best Data Providers for Backtesting; Can still get long history-period test quality improved to over 90% from now on? Combine pre 2007 non-tick data with 2007+ data for longer backtesting? Moderator 10894 ...

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Here's why you'll NEVER make money in Forex. The Forex ...

Learn more here: https://bit.ly/2ShPRPx Here' why you'll never make money in Forex. It's all because of the Forex cycle of doom. Many aspiring traders who ar... This is an amazing combination to manage your market tick data regardless of frequency with this fantastic software and very affordable market data provider. This enables you to quickly download ... Setting up a Data Provider in TSLab. Find out how to get historical/offline data for backtesting your strategies in TSLab, how to set up and configure a data provider and correctly build a chart. Setting up a Data Provider in TSLab. Find out how to get historical/offline data for backtesting your strategies in TSLab, how to set up and configure a data provider and correctly build a chart. You are watching: "How to identify Forex scams in 5 steps" (Video 1 of 6) I've been scammed myself before, so I know quite a lot about Forex scams. This is why I created this video series. Backtesting Trading Strategies in Just 8 Lines of Code ... • Use Datafeed Toolbox™ to download market data directly from various data providers • Generate trading signal using Econometrics ... Learn our Other Scalping Strategy: https://bit.ly/2xol8aS In this video, I will walk you through a simple forex scalping strategy I've been using successfull...

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