Hi traders, Does anyone use automated Trend lines or Moving averages to gauge the strength or momentum of the markets? I've been looking at an algo that looks at moving averages only. It seems so simple but looks to be working so well. From my understanding this looks for extremes in the markets. {image}
I like this thread, iam an algo trader myself if you check my activity you will notice i was asking to collaborate with someone on developing my algo because i run out of funds for the project ,but i was judged and called a scammer , anyways i was able to proceed successfully and currently active on my prop accounts - will switch to brokers after maxing out on props this year (im not a selling anything) ,
I see you have posted a photo of your manual testing, i had similar curve too but after i launched my EA V1 it consistently lost money
, most of the real progress was done via foward testing and yes it took time , components on V1 still in use on the latest Version are only 15% so ive done alot of adds and adjustments, my advice is for you to create your Bot then backtest it , if it does well then foward test it and see the problems and work on solutions to make your Bot produce even better results. NB: Third party tick data (tickstory ) was producing fake results, i knew this because my foward test and backtest results wer very different and backtest results from brokers’s tickdata matched forward test results so beware.