AUTO TRADING : EXPERIENCE AND LESSONS
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Testing Renko based on Nifty Fut..... Long entry - one back , two back, swing and zig zag brk out above VWAP of different periods...... exit on crossing below VWAP....... Short entry is opposite of this
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and using Camarilla levels for booking profits on a trendy move
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Thank you
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@Anurag Rathore What is the brick size and time period?
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I am testing on .02 percent and tick time period
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@Anurag Rathore Wonderful post. It contains a number of valuable takeaways for readers.
You can overcome the issue of emotional trading by creating a strategy objective and converting it into an auto-trade. However, making a strategy completely objective is difficult.
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You need to have a clear plan
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Tool must be efficient
We are trying to address the second problem. Defining a strategy is extremely simple in TradePoint. We will continue to improve the execution and auto trade engine.
You have provided some excellent insights regarding objective trading. Auto trading using P&F and Renko charts is a wonderful trading technique.
We wish to provide backtesting on tick timeframe. The data is huge, but we are exploring ways to deal with it. The tick timeframe eliminates all problems associated with the impact cost of trading.
Nevertheless, it is possible to execute it in one minute, in which case impact costs are at least minimised.
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Thank You Mr Prashant for kind words.....
I will keep posting whatever I experience with an aim to help your team make auto trading in definedge productive and efficient. I believe that objective nature of P&F and Renko charts can be a game changer in auto trading. -
The issue in lesson 3 of multiple trades have been resolved by adding one more condition in exit criteria... Thanks to Mr Prashant.
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@Anurag Rathore
Hi Anurag,If you can, kindly share your observation on ..
Whether, The multiple order firing (read ... Multiple Triggers), was because of some error/mistake in strategy.
OR any other, e.g. "System is not considering Open Positions in Broker Acct" or "subsequent Order firing before System could do reconciliation with Open Positions" or Any other.
I am in progress to setup the Auto Trading. These inputs will help us/others immensely.
Regards
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No it was due to condition in exit system... added one more condition in exit which resolved the issue. Please refer to Mr Prashant post in telegram group
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Also please share your system and logic which you are trying.... I will also post my setup once I am through with the testing and confident about it...
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Thanks for reply.
Yes Sure. I will share my experience here.
Currently exploring "how to setup rules for my trading method ANd noting down in Excel." It will be based on Candlesticks Charting method. Wont be using Renko/P&F to start with.
To start with, it will be more sort of Auto - Execution of trades (i.e. entry and exit rules defined through Tradepoint). For Analysis and selection of Scripts and Trading Strategy will be using existing (Manual) method followed. So in short looking to set-up a Semi-automatic Algo Trading. After a while, If it is working fine; then will consider a Fully Automatic/auto executed setup using Tradepoint.