Get started with a strategy and manage stats for backtest out of sample pre -production and live

Originally from ticket #3807.

hi
i want to try your current best strategy. i trade cl , es and nq everyday and want to add an automated appriach. i prefer a high win rate but smaller targets rather than the strategies that allow many small loses and aim for big targets. wide stops are a no no.
please suggest the best strat for me to trial and if i like I will purchase.
any suggestions you have are welcome regarding the purchase

RJ

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First of all we need to inform you:
Disclaimer
Trading and investment carry a high level of risk, and MicroTrends Ltd does not make any recommendations for buying or selling any financial instruments. We offer educational information on ways to use our sophisticated MicroTrends trading tools, but it is up to our customers and other readers to make their own trading and investment decisions or to consult with a registered investment advisor.

>>> Note: We also care about traders and don't want 1 cent from anyone - only if they have succesfully tested all in sim trading and over time tried a live free test period and are making money then yes get a license and go live - then ok then we can get some back with a license.

So: we do not offer trading or investment advice and do make claims about Best settings or best strategy.
We supply the technology and there is no time limit to trials to allow you to experiment and find a solution to suit your trading preferenmce
The best strategy is one you have identified by hands on experience and dedication and judge it to be best suite for you. That is your task we do not offer assistance with that process - and we certainly don't share any information of settings from other traders feedback it is all confidential.

So if you are serious about trading successfully you must earn your right to win a trading with some hard work and becoming expert but only in a narrow sphere.
Please see here: http://blog.microtrends.co/2015/10/buy-an-automated-trading-ninjatrader-strategy-with-proven-peformance-statistical-evidence/

But certainly we can push you into the right direction:

HOW TO GET STARTED
Please install this system:
http://downloads.microtrends.co/MTDoubleShotStrategyFoundation/MTDoubleShotStrategyFoundation-Setup.exe
install all the options

SEE HERE FOR PROPER GUIDANCE
https://microtrends.zendesk.com/entries/81497979-MTDS-New-User-Orientation

You will need a data, a server, and patience and will need to backtest, optimise, visually test, out of sample test then realtime test
and record in a database/spreadsheet over a number of weeks/months of realtime trading if your portfolio of strategies and instruments and then see which are viable for your capital, risk appetite and style.
So in short we can only offer settings and features advice and ideas on your approach as above.

Both models below can yield positive expectancy and are both valid:

For high win rates + small Risk reward
Large stops -small targets + running a stop

Low Win rates and High Risk Reward
Largish stops -larger targets - running a stop

Note: try use a 10Range or 50 or 100tick chart for example or renko hybrid etc

STATS: You will need to note the PMD, and average trade sizes.. MTDS has this on screen.

it is best to start with something like
1. MTDS SDK USAR
2. MTDS SDK Open Range

Please see here for a quick start with MTDS SDK Session Open Range:
http://blog.microtrends.co/2015/05/mtds-session-open-range-breakout-autotrader/

Notes:
1. ES and NQ typically are losing markets for most people - small or choppy volatile ranges and small runs. TF is a better choice for most people the Russel.
2. CL can offer a yield and has a personality which can be learned hinging around inventories and fundamental sentiment for example so therefore you could decide when it is a good time to use a robot on that market a lot easier.

Ideally though you would have a high level view of the markets from yearly,monthly,weekly to daily with trend, horizontal levels and fibs and try combine swing trading high probability days with your day trading...to get that large range you need.

So personally and what other trades do is get a system that does hypothetically and in realtime sim show good viability - then add in a layer of external rules for interaction to say when to use it and when to park it.
No point winning 20K then giving it back by letting it run down adn give it all back during a chop into Non Farms payroll news... for example.

so the combination of pilot and autopilot is the best match you need to be present during trading always.
But there is a balance and sometimes to interact is correct and sometimes you cut short your run...
If you are banking every week you are at the top of your game...

Please see here for how you can do this:
http://blog.microtrends.co/2015/06/components-for-discretionary-rules-over-a-mechanical-session-open-breakout-system/

Keep one server with a set of sim robots trading in realtime - so you got a baseline
The use another for live trading - compare back...
...also use the sim robots to teach you when its good to switch on live
note the: Losing days and max losers etc drawdowns

your data needs to go back 120days on your sim server for tick data/minute
you backtest server needs to go back 2500days -
and you need to leave the last 120 days out of the backtest

Don't think you can go out play golf and it will sit there making you millions - you will hit turbulence and lose badly..sometime. possibly. always be in attendance or pause auto trading signals

The secret it there is no secret
its hard work
patient hard work
and then planning and controlling it with stats...

99% of people dont bother to buy data, dont bother to even keep stats properly and want 1000,000 to fall into their lap each year but dont even want to work for it...
So if you are willing to work the market will reward you at some point... its a universal rule... work hard earn your money.

>>>Keeping proper records of robots/ dataseries, instrument,. templates and the weekly summary of how they did...

>> Examples of control spreadsheets - Note: data fictious due to cionfidentiality
>1 Control sheet purpose
We have backtested, selected a setting in the bactest strategy analyzer/created a template saved the settings, visually looked at the setting on a chart - then placed it on a 120 day out of sample test
then if all good traded it in pre-production - realtime sim testing.

>2 Stats
When we see a strategy over period of 2 weeks to 3months do ok in realtime sim - we might trade it live.
We note the results in Stats.

Please find the XL Spreadsheets here:
http://downloads.microtrends.co/tools/

MTDS SDK USAR -please see her for an idea on settings
http://screencast.com/t/6wAg9W8d

MicroTrends Support
support@microtrends.co
http://www.microtrends.co/support/

Tip! You can visit the help desk forum to see previous answered frequently asked questions:
http://microtrends.zendesk.com/forums