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I just ran MyMoneyMaker_BigMike in the Optimizer. I'm not positive of what I see in the
attachment (included). Is the 1L, 2L, 3L in the 'executions' what one would expect? I'm thinking
that 3L means there are 3 long contracts in the market. I thought the strategy would only allow
one long (or short) at a time. (I'm extremely new to the Optimizer.)
- Stephen
Can you help answer these questions from other members on NexusFi?
I don't know if this thread is still active or not. If anyone wants to comment that's fine.
From post #11:
Hi Mike,
Thanks for the video Just wondering if you could explain your comments on why this particular optimization gives positive results but isn't actually profitable. I have only done a little optimization (on a different trading platform) and I'm wondering what is the point of optimization if the results can be so varied?
Would your next step be to forward test an optimized strategy to ensure it works? Just interested in your work flow.
TIA
There are a few reasons.
1) Not enough backtesting data. You need to really backtest for > 1 year, in my opinion.
I'm don't like moving averages in general, but if someone used a system that was backtested with moving
averages, and it was found to be profitable over the last, let's say 13 weeks (quarter year), then why wouldn't
optimizing it daily, always looking back 13 weeks (ie. 65 trading days) work to keep the system profitable?
It seems I'm having trouble fully understanding the code of the video. The attachment
enclosed (YM) shows a long trade taken that was profitable and unprofitable at the same time.
One can see the green dots and red dots. I think I'm making a basic mistake regarding understanding
order placement and or quantity.
I thought the profitable long trade entered at the beginning of the day would be exited much much sooner.
Or maybe it is??
Ok. What I thought was happening was that the stoploss became a breakeven stop which
later became a trailing stop. Are you saying that all 3 stops are setup from the get-go? With
each one relaying off to the next? which is what seems to be happening here as I look more closely.
Also, it seems that if the system is long, it will not go short even if the 3 moving averages are
falling, IF none of the stops have been triggered. Is this correct?
I'm sorry, I don't recall the particulars of it and no longer have it and don't do any NinjaTrader programming any more. My suggestion is to look at the Hurley thread, there are hundreds and hundreds of replies with advanced order management, break even stops, etc. You will learn a lot from the thread, just take some time and read through it.
Mike in this video warn about using the default optimizer and used PH Generic and used his own parameter called _mike_preferred. I searched the forum to find this to download but no success. How can I implement this for my own optimization? Side note: I tried simple optimization for 2 month data, NT7 crashed. I have used my notebook without any upgrades. Is this typical. I am travelling now and this is what I have access to.
Thanks much. I am in the process to upgrade to elite but my paypal acct have been inactive for years. working on it.