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My algo trading has started off horribly this year. I learned a valuable lesson that proper capitalization is extremely important for applying multiple strategies. I turned on several strategies that naturally increased position size and in one week I took a massive hit to my account. I trimmed everything back for now until I have proper capital to withstand the drawdowns because they are sure to happen.
Luckily, whatever losses I sustained in my TS account I made up for in my Crypto accounts.
I have also switched back to my old way of trading one strategy per symbol in one account. For the longest time I was testing out using a new way to trade multiple strategies on one symbol in one account and I have had to scratch that for now. The system I was using works better for intra-day systems but most of my systems are swing trading systems.
One day I would love to have 5-15 intraday systems all for one symbol but that is far off in the future if at all.
Overall I am still very happy with my algo trading but not to thrilled with how I have implemented new strats this year. Currently I am in saving mode to get my account to the proper level to trade all the systems I want to trade.
yes the daily acct equity number is what I am looking for so i can keep track of total portfolio performance and the day to day swings in account equity.
I have been working with Renko bars for the first time this week. I'm familiar with tick charts but renko almost seems like cheating. We shall see. I have a strat I "Unleashed" today on MNQM21 and so far performs as expected from the very limited backtest I ran. Keep in mind I have not done WFO on it but am simply watching it live trading a live micro. Very interesting to watch it do its thing.
I have been working with Renko bars for the first time this week. I'm familiar with tick charts but renko almost seems like cheating. We shall see. I have a strat I "Unleashed" today on MNQM21 and so far performs as expected from the very limited backtest I ran. Keep in mind I have not done WFO on it but am simply watching it live trading a live micro. Very interesting to watch it do its thing.
Since Renko bars do not show 'true open' on TradeStation, you may consider using Momentum bars instead. You will get accurate backtests that Renko cannot provide. There are some other Renko limitations, so let me know if you have questions. I have done a ton of work on Renko both in TS and MultiCharts..