Algorithm/Expert Adviser strategies...

farmerjohn1324 said:
I'm starting simple on my first Expert Adviser strategy. If the price of a certain currency pair has gone up over the past 3 weeks, then I will buy. If down, I will sell. I will set the SL and TP at equal distances and based on the ATR. This will be a daily candle.

I intend to modify this strategy, hopefully with the educated input of people on this forum. I feel that this very simple logic-based strategy is a good starting point.

Thoughts?
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You will lose money.
 
How did you arrive at three weeks? I took a look at JY, 6E, SF, AD and it seems to me that you would get chewed up and spit out.

farmerjohn1324 said:
I'm starting simple on my first Expert Adviser strategy. If the price of a certain currency pair has gone up over the past 3 weeks, then I will buy. If down, I will sell. I will set the SL and TP at equal distances and based on the ATR. This will be a daily candle.

I intend to modify this strategy, hopefully with the educated input of people on this forum. I feel that this very simple logic-based strategy is a good starting point.

Thoughts?
More...
 
931 said:
Could buy from me!
Il accept bitcoin
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Or one could download data for free back to 2002 with Oanda's api. And yes, one could buy as well if you want the convenience. I will sell 528 GB with forex-data if you give me a good price ;-)
 
Or, if you want good clean guaranteed data that you can rely upon pay a very modest amount and buy it directly from CME.
 
farmerjohn1324 said:
I intend to modify this strategy, hopefully with the educated input of people on this forum. I feel that this very simple logic-based strategy is a good starting point.
More...
FJ, give this a backtest and let us know what happens.

https://elitetrader.com/et/threads/what-do-you-think-method-of-taking-2-ticks-per-trade.288594/

"...My target is 2 ticks, and my stop loss is 4 ticks.

I make 3 successful trades a day trading 2 contracts, and then I am done for the day. I suppose most people would say my target should be a least 4 ticks. But this method is working for me, and I am able to support myself financially. I am curious, nonetheless."
 
easymon1 said:
FJ, give this a backtest and let us know what happens.

https://elitetrader.com/et/threads/what-do-you-think-method-of-taking-2-ticks-per-trade.288594/

"...My target is 2 ticks, and my stop loss is 4 ticks.

I make 3 successful trades a day trading 2 contracts, and then I am done for the day. I suppose most people would say my target should be a least 4 ticks. But this method is working for me, and I am able to support myself financially. I am curious, nonetheless."
More...

I haven't learned coding yet
 
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