I am new to SQ and do like it. Actually it’s a very powerful and comprehensive system, it’s just what powerful servers were originally designed for, number crunching!
Although I do appreciate the long term outlook should be for small regular profits over many years ( and I hope to build a portfolio of 10+ EAs over time to do this), I wanted to explore any ideas to run the builder to create much shorter / faster trading. I know scalping is sometimes frowned upon, and I’m not really looking to scalp, but I was hoping I could get some help/guidance to at least explore this avenue
SQ pre-sales chat suggested this was possible, and there are SQ EAs that are profitable ‘rapid trading’ systems.
I’ve just build a 64 core, dual Xeon server (32 core with HT) so I should be able to run builder very quickly (~250k/hr) to at least see what faster trader systems may look like.
If anyone here can give me some guidance to set up the builder in the correct manner, especially ‘building blocks’, with the anticipated outcome of seeing a high frequency of profitable trades it would be appreciated. I’m happy to share back the results. I know this is going to be a long journey, but I have the time, hardware and determination to find success. Just a little early guidance would be appreciated
Many thanks in anticipation
you will surely need to go for fast profits and small stop-loss i.e. use smaller values for SL and PT (ideally 1:1 ratio or less). Also prefer stop orders instead of market orders. On low timeframes entering on bar close is too obvious for all market participants. I believe that lower timeframe you go more “chaos” and randomness you encounter. I would say standard indicators will have troubles providing some significant edge on such a low timeframe epsecially with high # of trades.
Another thing you could try is to build simple templates using AlgoWizard to trade for example: 1) fast reversals or 2) trade off higher timeframe Highs/Lows etc. This of course requires bit of “idea first” approach
I would like to emphasize that trying to get a highly profitable system with high # of trades on M5 for example and a single market is very hard to achieve. Do not focus on # of trades but rather build a stable system on M5 that will perform across multiple markets and build portfolio that will help you get significant number of operations.
with higher number of trades and from single strategy perspective such high profit factor is generally hard to achieve (do not say impossible) in the long run. But from a portfolio perspective it is a lot easier when you diversify across various assets. Your focus should be primarily on minimizing risk with an each individual strategy and also with porfolio when you trade close forex pairs (consider market correlation) or stocks for example. BUt other might share their different views on the problem
I am also a new user, i am putting the SQ at 16 cores 64gb ram server, but it seems like quite difficult to generate a really good strategy. especially if Profit Factor 2.5 and above.
focus for maximize the PF is not the right way, i have set filter for PF as minimum for 1.3 value and my best strategy so far has PF 1.88
yes, you can find strategies with bigger PF, but mostly they will have BIG open drawdown
better to focus to maximize RDD
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