I have a basic MA crossover strategy (EMA 10/WMA 16) that I am satisfied with the backtesting results. I have a few questions, and again I sincerely apologize for how ignorant I am sounding and how ignorant I am being...however, that is why I am here! To talk to subject-matter experts.
Question 1: On the Strategy Analyzer, the "Max. Drawdown" row, is that to be understood that out of all of the theoretical trades the analyzer took, that is the number of Ticks a particular trade went before being closed out/or flipping back into profit? Meaning: Max. Drawdown = -7 (the largest drawdown would have been negative 7 ticks)?
Question 2: I used the Strategy Builder, and analyzed it on the Heiken Ashi 1 Minute chart. Again, I am satisfied with the results (net profit/gross loss). What must I do in order to make this strategy automated (i.e. click a few buttons, turn it on so it trades on its own, taking profits, etc.)?
Question 3: Is there a way I can include a trailing stop loss (say maybe 3 ticks in profit above price entry point once the trade goes 10 ticks in the positive) into my current strategy?
The problem I am running into is that when I turn the strategy on, it only takes losses ("order canceled") and it is not taking any wins.
I am not sure why on the Strategy Analyzer it is showing very good results, while when I turn it on, it has nothing but losses and does not take any wins. I understand there may be a certain amount of consecutive losses in a row, and I understand the Strategy Analyzer will take every single trade per the parameter's given it...but I am hitting my head against a wall here and am totally lost.
Again, I sincerely appreciate your patience with me! Thank you so very much for your time, assistance and knowledge!
Here is a screenshot of the code:
Comment