I want to backtest a copper strategy that is predicated on long candle 'wick' setups (.005 or longer). I have in Excel OHLC for 15 min copper for 2 years' worth, so pretty solid amount to test which is good.
The strategy at this point is if say it is a green candle (C-O>0) that means the low...
FWIW I think silver looks likely to challenge at least mid 22s now and prob. 23 with that nice engulfing candle with the long tail, and WTIC looks like it should tgt 108 at least relatively soon.
sorry man, didn't see an email from you in my inbox, assuming that is where the PM goes (or does it to through the ET account)? I'll be in touch soon and if you can do that this would be great; just would like to see what happens over time.
Would you happen to know firms who do this kind of backtesting from people wherein one only gives verbal advice pretty much, and nothing in code speak? In my case I think it'd be pretty doable to translate as it is just magnitudes of the wicks followed by a buy or sell, and what happens next...
Yeah I realize it's not likely this holds water. But over 2 weeks I got 18 setups where I would enter (bear/bull) and 11 would have gotten me 18 ticks (copper) and 7 would have had me stopped out, 12 ticks apiece, so 11:7 is a good ratio, especially when the winners are 50% more ticks than the...
Understand. I'm not a market vet at all, having only really traded in my Scottrade account leveraged ETFs. I realized the importance of having an edge, and IMO having an edge that is more mechanical and less prone to drama and swings is good, which is the advantage of algos or at least an...
Yeah I can see that, and I am someone who teaches myself better than I learn from others , but not sure where to start here, I guess. I don't know if I really need/should bother learning all kinds of programming, because what I like about this 'edge' on this strategy is it is relatively simple...
any recommendations on other trading forums more specific to programming and OHLC? Maybe posting this same topic there would yield some more actionable advice.
I am willing to take the time to learn some programming basics. But actually if I can import the OHLC on 15 min. candles over...
TS from their website definitely has the data. Novice question, but generally if I just want to trade one lot maybe two at most at any one time in copper and crude on NYMEX, will I need to maintain about 4k in my acct. at all times? Just wondering what is tolerance until a margin call? And...
I'm not as concerned with the Excel part as I am just finding the data first off (OHLC for 15, 30, 60 min candles) going back at least 10 years so I can legitimately backtest this, and then from there highlighting the candles that I'm looking for that come up not even 1% of the time, and seeing...
just did manual backtesting again for copper, 15 min chart, 2 weeks' worth of data. 20 total trade setups I had (1 to 3 of them overlap so I'd have to literally go from start to finish, but still think it's fine for now). 9 ticks is profit tgt, 6 ticks is SL each trade. 12 clear winning trades...
I'll probably call TS and maybe IB and see if they would have that as a package as you are saying. From getting the data exported, though, I still have the issue of not being very slick with Excel or anything coding wise. Getting all the OHLC on 15 30 60 etc. min charts for years would be great...