I am an EA head and addict, where I write EA and simply backtest to see the results, and for the most part of my trading career that was how my trading has been done. Simple enough. However lately, what started out of pure curiosity made me a believer in descretional short term trading. This type of trading cannot easily be computerized because I am relying heavily on price action and making trades on the lower TF based on my knowledge of the higher TF.
I can't simply write an EA to backtest so after some thoughts into this I ended up using Microsoft one note 2010 to record down my market backtest analysis which is done manually. In my case for every single day I backtest and research I capture a screen image of the daily, H1 and 15M. I then comment at the bottom what the market is doing on the higher TF and lower TF, what S n R was involved, what signals would have been possible. I then record the trade results categorically by strategy on an excel spreadsheet. eg. A pin bar rejection of the daily pivot and round number with the trend, the 1st take profit at the nearest price action will yield an RR of 1.5. But I tabulate it in excel nicely with less words like a database which calculate the reliability overall RR etc.... So far I am pretty pleased because I am using the same technique to record my live trades results and market analysis day by day.
How do you traders do your market research on strategies which cannot be easily automated with an EA?
I can't simply write an EA to backtest so after some thoughts into this I ended up using Microsoft one note 2010 to record down my market backtest analysis which is done manually. In my case for every single day I backtest and research I capture a screen image of the daily, H1 and 15M. I then comment at the bottom what the market is doing on the higher TF and lower TF, what S n R was involved, what signals would have been possible. I then record the trade results categorically by strategy on an excel spreadsheet. eg. A pin bar rejection of the daily pivot and round number with the trend, the 1st take profit at the nearest price action will yield an RR of 1.5. But I tabulate it in excel nicely with less words like a database which calculate the reliability overall RR etc.... So far I am pretty pleased because I am using the same technique to record my live trades results and market analysis day by day.
How do you traders do your market research on strategies which cannot be easily automated with an EA?
Riding the order flow