Mar
20
20
Formula 301 – #8 Compress Series Trading System
NeoTicker trading system fire orders after bar completion, this limition is done to emulate real-time condition when a signal is only confirmed after a bar is completed. However when signal indicators are based on higher time frames (e.g. 15 minutes, 30 minutes and etc.), this order placement method suffer when order placed at next bar could be 15 to 30 minutes after signal bar, compress series in NeoTicker can be used to compensate for this deficiency and make trading systems enter with acturate prices and fills.
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Unlike the previous tutorials that we focus on how to write a trading system, we are going to explore a special kind of trading systems – the ones that utilize randomization.
Here is a very interesting indicator that can be used to monitor your brokerage position and place protective orders for you, no matter you are a discretionary trader or a mechanical trader.
Money management techniques if used properly can stabilize the performance of a trading system, or even boost the performance dramatically. On the other hand, if used improperly, it will adversely affect the trading system. I am going to discuss the general rules of employing money management orders and demonstrate how to write basic money management that works.
I am going to present a system that takes multiple technical indicators as part of its decision making. By combining these indicators through a simple scoring system, we get a very profitable daytrading system that works year after year.
Many users are very interested in seeing example trading systems that utilize position sizing within NeoTicker. Personally I am extremely oppose to the idea of exposing beginners in trading system to the concept of position sizing as that is one of the most event dependent path leading to over optimization. Anyhow, here is a very good example showing you all what position sizing can do and cannot do.
We are going to study another basic trading strategy, buy close and sell next open. At the same time, we will go over the basic options in NeoTicker for the control of trading systems.
In Formula 301, we are going to focus on writing trading systems with the indicator formula language. The assumption is that you know the basics of writing indicator with the formula language. I will present trading systems that illustrate the usage of specific trading system related writing techniques.