Tips for writing a mechanical Trading program
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Go buy Mark Conway's book "Professional Stock Trading". It has complete trading systems coded up in the Tradestation programming language. He is also a member of ET. www.acmetrader.com
Look at several of the top wealth-lab scripts, and begin to develop your own.
My personal favorite software for backtesting is Investor RT from www.linnsoft.com because it will allow you to backtest strategies with entry / exit signals based on different timeframes and different instruments.
In terms of books, for nice approaches on how to backtest trading systems, I would recommend :
<b>"Trading systems that work" </b> from Thomas Stridsman, who has written as well earlier this year some very interesting articles in Active trader magazine on setting optimum Stop loss and profit Target (www.activetradermag.com/special/)
and <b>"Beyond Technical Analysis / How to develop and implement a winning trading system" </b> 2nd ed. of Tushar Chande.
TriPack did a great job gathering, in one thread, all reference to trading strategies which were detailed on ET : http://www.elitetrader.com/vb/showthread.php?s=&threadid=9722
This might be as well of interest for you...
Finally, using the ET search feature, do not miss the recent Oct./Nov. posts of <b> Acrary</b> giving great examples of trading system & backtest results and some insightful thoughts about "Edge trading".
Happy backtest,
Eddy
In terms of books, for nice approaches on how to backtest trading systems, I would recommend :
<b>"Trading systems that work" </b> from Thomas Stridsman, who has written as well earlier this year some very interesting articles in Active trader magazine on setting optimum Stop loss and profit Target (www.activetradermag.com/special/)
and <b>"Beyond Technical Analysis / How to develop and implement a winning trading system" </b> 2nd ed. of Tushar Chande.
TriPack did a great job gathering, in one thread, all reference to trading strategies which were detailed on ET : http://www.elitetrader.com/vb/showthread.php?s=&threadid=9722
This might be as well of interest for you...
Finally, using the ET search feature, do not miss the recent Oct./Nov. posts of <b> Acrary</b> giving great examples of trading system & backtest results and some insightful thoughts about "Edge trading".
Happy backtest,
Eddy
Just started using Stock Watch Pro. With help from their customer support I've already written a pretty good screen for my system and I'm no genius.
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Artificial Intelligence is no match for natural stupidity.
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Artificial Intelligence is no match for natural stupidity.
Anyone know these guys ?
www.strategyrunner.com
Looks a bit like a startup company to me. I wonder where did they get the technology to send their orders to the exchange ? Do you think it is based on some other order entry platform ? Or did they invent their own order entry platform, then add autoexecution und finally some backtesting ? Then they must be pretty smart, uh ?
www.strategyrunner.com
Looks a bit like a startup company to me. I wonder where did they get the technology to send their orders to the exchange ? Do you think it is based on some other order entry platform ? Or did they invent their own order entry platform, then add autoexecution und finally some backtesting ? Then they must be pretty smart, uh ?