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In your previous posts, you discuss how have developed these strategies; by starting with a solid concept and if that proves successful enhancing with additional rules, tweaks, money management. Have I got it correct?
I have just started developing using NT, prior to that I used Amibroker for Shares / CFDs. Using Amibroker I successfully developed systems which are profitable mechanically for end of day trading.
I guess I am having trouble making the switch from CFD / Amibroker to NT / FX and not sure where the issues are. The ideas I have appear to be solid when I look back at the charts, but cannot get them to perform in back testing with NT. So am not sure whether this is NT's fault (bugs) or my programming or that I haven't "tweaked" the system enough.
Any thoughts or pointers would be very much appreciated.
diverdan, it's hard for me to give you a straight answer not having access to your NT strats. I can say that backtesting should be done on the latest version of NT7 64 bit, Kinetick feed. If you're using Renko bars or any of it's cousins, the results are artificial, whether good or bad.
If you care to share more information so that I can assist more productively, PM or email me.
You might want to include commissions too though, as the cost of doing business scalping is a larger percentage of your profits than if you trade for larger targets. With these backtested results that would take your profit down to $7,985 after $5 per RT on 173 trades.
I've always been ambivalent about scalping and it is imperative to have a high RR to make it work. Frankly, I'm still not sold on it despite the initial results of the PuristScalper algo.
For my money, Paradigm is the way to go. I could care less about the win percentage.
Regretably, new traders are generally undercapitalized and seek systems with small gains and slightly larger stops with a high win percentage. That is their pathos and ultimate demise.