Not logged in
Viewing 4 posts - 1 through 4 (of 4 total)

Forums>StrategyQuant>General Discussion>Closing trades to realise profits from MFE

  • #270161 |
    Oliver
    Customer
    116 Posts

    Hi is there a a way to have an ea close a profitable trade sooner to cash in on MFE

    im wondering if its possible to have the ea constantly review the number of pips  in profit and compare it to say the average number of pips from the average  profitable trade in backttests so that the ea can cash in on the mfe to give an overall better result.

    Im sure im not the first to think of this.  the only way which i can do this currently is to monitor the trades and to manually close them.

    be great to hear everyone’s thoughts and whether this can be a feature built into sqx?

     

    thanks

     

    Oliver

    #270181
    tomas262
    Administrator
    1823 Posts

    Hello,

    general rule for a winning system is that further you place your profit target lower the % success rate of your strategy. If the strategy makes money with 100 pips target and loses consistently with 120 pips target I would be very careful trading such strategy. You could do this simply using the simple optimization. For a good robust strategy take last 1 year of historical data and optimize to find the best profit-target value that gives you the highest performance. Use that setting for further trading. You can re-optimize regularly but also make sure strategy is robust for wider range of (PT) parameter setting

    #270241
    Oliver
    Customer
    116 Posts

    Ive noticed it better to close all my trades on a Thursday but trading options tab only has Friday. How can i set it so my trades  close on Thursdays or any day?

     

    #270244
    Customer
    790 Posts

    you can do your own template in algowizard with this condition

    You want to be a profitable algotrader? We started using StrateQuant software in early 2016. For now we have a very big knowhow for building EAs for every possible types of markets. We share this knowhow, apps, tools and also all final strategies with real traders. If you want to join us, fill in the FORM. 1500+ final SQX strategies for members running on demo accounts to verify the edge DEMO ACCS. We provide also strategies for indices - DAX, DOW JONES, NASDAQ, SP, UK, because we have realtick data from our brokers.

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic.