Hello,
Recently a friend introduced me to cryptocurrency market, specifically Bitcoin (BTCUSD) day trading. I currently develop strategies and back test strategies with NinjaTrader for crude oil and other CME Exchange futures.
I gave up manually trading a year ago.
The price swings in BTCUSD are very intriguing as us traders love a moving market to make money.
So I started reviewing the chart and looking into using MT4 to program a few strategies to back test for the BTCUSD market only.
Questions or Your opinion
1. I do not believe its good idea to program strategy for Bitcoin market cause not alot historical data. Look the chart. There is only about 8 months of good data and its all been in a up trend. My idea was to build an intra-day strategy.
What do you think on this please?
3. Also, not good idea to program strategy because of the high spread/slippage. I take trade manually and already down 25 pts.
2. I plan to build intra-day strategy. Does MT4 have intrabar granularity back testing simulation?
Thank you for help and advice.
Recently a friend introduced me to cryptocurrency market, specifically Bitcoin (BTCUSD) day trading. I currently develop strategies and back test strategies with NinjaTrader for crude oil and other CME Exchange futures.
I gave up manually trading a year ago.
The price swings in BTCUSD are very intriguing as us traders love a moving market to make money.
So I started reviewing the chart and looking into using MT4 to program a few strategies to back test for the BTCUSD market only.
Questions or Your opinion
1. I do not believe its good idea to program strategy for Bitcoin market cause not alot historical data. Look the chart. There is only about 8 months of good data and its all been in a up trend. My idea was to build an intra-day strategy.
What do you think on this please?
3. Also, not good idea to program strategy because of the high spread/slippage. I take trade manually and already down 25 pts.
2. I plan to build intra-day strategy. Does MT4 have intrabar granularity back testing simulation?
Thank you for help and advice.