********** Cast your Vote for system Enhancement SFT-3979 **********
If any NT customers are interested in an enhancement to a future release that would enable accurate back testing for non time based interval bar types, please cast your vote for enhancement SFT-3979, by replying to this post or opening another.
This modification will incorporate tick data into the Strategy Analyzer to enable a much more accurate back test report for all other chart types: Range, Renko, Unirenko, Point and Figure, Kagi, Line Break and Heiken Ashi .
Recently I have been become increasingly interested in non time based char types. The idea being that a chart based entirely on price changes, eliminating the element of time offer an viable alternative that along with traditionally charts complement one another and will frequently outperform the results of, a single chart type..
The bane of my existence moving forward with the research is that for non time based charts almost every strategy back tested, grossly inflates the profitability to appear as if the "holy grail" of strategies has been discovered. Then in real time trading the exact opposite is the case.
Currently the only way to more accurately test a strategy on non time charts is to run it in a real time SIM account or downloading the tick data and connecting to and running it in Playback Connection mode. Both methods are not viable as a means of testing a strategy and across any significant period of time.
However this enhancement will integrate the instruments tick data with the Strategy Analyzer's current processing of only OHLC bars for calculating entry and exit will be very close to actual trading results.
If this is an important issue to you please weigh in and vote. This enhancement is being seriously considered and the more interest the better the likelihood of it being implemented.
The group I trade with daily whom I cannot mention by name in this forum charges less money a day then my Starbucks espresso. It's a live real time live market chat/chart room looking at live charts and pointing out the actual setup as they occur. The when a trade is taken you see the entry and exit exact entry and exit. In several months I've not seen a loosing day in Gary's afternoon Futures trading room. He makes easily $2k a day, every day in his sample one lot account used for tracking the setups he teaches every day. Thomas n the morning focuses on equities along with futures and uses UniRenko but also is the master of reading traditional time charts.
Because of the inaccuracy issue addressed by this enhancement, I cannot "prove" with back test report that that these setups are profitable and back test manually which was necessary before I started taking the trades but is too time consuming to experiment with altering input variables for system enhancement.
For anyone struggling as have I these setups are the most profitable I've seen in many years and primarily based on UniRenko style charts with standard indicators. Traditional time charts are used with UniRenko for trade confirmation as the UniRenko settings tend to be short term.
So if you are interested in being able to validate the most profitable trading system across any type of chart which should be the objective and ideally already built into the product *************** Cast your Vote for SFT-3979************************
Thank you,
glen
[email protected]
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