Trading Systems Coding: Conclusion
  1. Trading Systems Coding: Introduction
  2. Trading Systems Coding: System Design
  3. Trading Systems Coding: The Coding Stage
  4. Trading Systems Coding: The Coding Process
  5. Trading Systems Coding: Testing, Troubleshooting and Optimizing
  6. Trading Systems Coding: Using Your System
  7. Trading Systems Coding: Conclusion

Trading Systems Coding: Conclusion


By Justin Kuepper
Contact Justin

After going through this step-by-step tutorial, y

ou should have a fully operational and fully automatic trading system.

As you continue working with your system, keep in mind the following:

  • Always backtest until your system performs well with past data, then paper trade to make sure your system performs well with current data.
  • The market has two phases - trending and ranging - and very few trading systems handle both perfectly. Be sure to only trade in a market that your system can beat.
  • Make changes one at a time so that you can pinpoint which aspects are improving your returns and which are hurting them.
  • Keep it simple. Extremely complex trading systems are often fitted to work well with past data, but are incapable of adapting to new market conditions.
  • Make sure that you know the strategy behind your trading system. As absurd as it sounds, many people develop their systems until they become so complex that they forget the underlying strategy.
  • Don't over-optimize. Optimizing too much can lead to what is known as curve-fitting, which can reduce your trading system's effectiveness and ability to adapt.
Resources
Here are some trading applications worth checking out:
MetaTrader - http://www.metaquotes.net/
TradeStation - http://www.tradestation.com/
Tradecision - http://www.tradecision.com/
MetaStock - http://www.metastock.com/
AmiBroker - http://www.amibroker.com/
WealthLab - http://www.wealth-lab.com/
Comprehensive List - http://traderslaboratory.com/

Here are some community resources that can assist you:
TradersLaboratory - http://www.traderslaboratory.com/
Moneytec - http://www.moneytec.com/
StrategyBuilderFX - http://www.strategybuilderfx.com/

  1. Trading Systems Coding: Introduction
  2. Trading Systems Coding: System Design
  3. Trading Systems Coding: The Coding Stage
  4. Trading Systems Coding: The Coding Process
  5. Trading Systems Coding: Testing, Troubleshooting and Optimizing
  6. Trading Systems Coding: Using Your System
  7. Trading Systems Coding: Conclusion


RELATED TERMS
  1. Indicator

    Indicators are statistics used to measure current conditions ...
  2. Intraday Momentum Index (IMI)

    A technical indicator that combines aspects of candlestick analysis ...
  3. Money Flow Index - MFI

    A momentum indicator that uses a stock’s price and volume to ...
  4. OsMA

    An abbreviation for Oscillator - Moving Average. OsMA is used ...
  5. Triple Exponential Average - TRIX

    A momentum indicator used by technical traders that shows the ...
  6. Hybrid Indicator

    A technical indicator that combines core elements of chart analysis ...
RELATED FAQS
  1. How do quant traders build the relative strength index (RSI) into their algorithms?

    Different quantitative traders use different methods to build the relative strength index (RSI) into their algorithms. Three ... Read Full Answer >>
  2. How do you know where on the oscillator you should make a purchase or sale?

    Common oscillator readings to consider making a buy or sale are below 20 or above 80, respectively. More aggressive investors ... Read Full Answer >>
  3. How do I Implement a Forex Strategy when spotting a Sanku (Three Gaps) Pattern?

    A forex trading strategy can easily be implemented to profit from a market reversal signal that comes from the sanku, or ... Read Full Answer >>
  4. How effective is creating trade entries after spotting a Tri-Star pattern?

    The tri-star patterns, both bullish and bearish, are about as rare as they are unreliable. Comprised of three consecutive ... Read Full Answer >>
  5. What are the most popular forms of technical analysis?

    The most popular forms of technical analysis are simple moving averages, support and resistance, trend lines and momentum-based ... Read Full Answer >>
  6. What are the most common market indicators forex traders follow?

    There are literally hundreds of technical indicators for forex traders to choose from, however, there are a few which may ... Read Full Answer >>
Hot Definitions
  1. Presidential Election Cycle (Theory)

    A theory developed by Yale Hirsch that states that U.S. stock markets are weakest in the year following the election of a ...
  2. Super Bowl Indicator

    An indicator based on the belief that a Super Bowl win for a team from the old AFL (AFC division) foretells a decline in ...
  3. Flight To Quality

    The action of investors moving their capital away from riskier investments to the safest possible investment vehicles. This ...
  4. Discouraged Worker

    A person who is eligible for employment and is able to work, but is currently unemployed and has not attempted to find employment ...
  5. Ponzimonium

    After Bernard Madoff's $65 billion Ponzi scheme was revealed, many new (smaller-scale) Ponzi schemers became exposed. Ponzimonium ...
  6. Quarterly Earnings Report

    A quarterly filing made by public companies to report their performance. Included in earnings reports are items such as net ...
Trading Center