Building a ProOrder System on a ProScreener

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  • 06/06/2020 at 8:26 PM #134925 quote
    Francesco
    Participant
    Veteran

    I didn’t find anything about this… i was thinking: it’s possible to build an automatic trading system based on a screener?

    For example: i have a screener that search and select stocks with a certain level of a selected value (volatility, volume or whatever); then the automatic system takes a stock from the screener (on a time basis of my choice) and executes the strategy on it.

    06/06/2020 at 9:36 PM #134929 quote
    robertogozzi
    Moderator
    Master

    All screeners can be the base for a trading system.

    They are made to highlight instruments that meet conditions meant to be profitable.

    Basically you just need to make conditions used by the keyword SCREENER enter a trade, then set TP and SL.

    swedshare thanked this post
    06/06/2020 at 10:08 PM #134932 quote
    Francesco
    Participant
    Veteran

    But practically speaking, on which asset should I perform the backtest if the screener goes to analyze a multiplicity of assetts?

    06/06/2020 at 10:20 PM #134933 quote
    robertogozzi
    Moderator
    Master

    You may sslect the 2-3 most performing assets returned by the screener and backtest them.

    Or you may backtest it on your preferred assets. If it performs good keep it, otherwise put it in the trash bin.

    06/06/2020 at 11:25 PM #134938 quote
    Francesco
    Participant
    Veteran

    I was referring to a trading system that select the asset by itself: he runs the screener, he select the most or one of the most reliable asset based on the screener results, and then backtest the strategy on it. But also if it would be possible, the system MUST be runned on a specific assett, so the “automatic selection” phase is impossible!?
    I guess it’s still far away with nowadays prt’s possibilities 🙁

    06/07/2020 at 5:43 AM #134941 quote
    robertogozzi
    Moderator
    Master

    PRT does not allow multi instruments in coding.

    Francesco thanked this post
    06/07/2020 at 10:35 AM #134970 quote
    GraHal
    Participant
    Master
    Francesco wrote:

    I was referring to a trading system that select the asset by itself: he runs the screener, he select the most or one of the most reliable asset based on the screener results, and then backtest the strategy on it

    It’s not possible to have a screener then for the screener to turn itself into a backtester.

    It’s not possible for a backtester to be a screener first then turn back into a backtester.

    You could suggest it to PRT on the Form below …

    https://www.prorealtime.com/en/contact?suggestion=1

    Francesco thanked this post
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Building a ProOrder System on a ProScreener


ProOrder: Automated Strategies & Backtesting

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Francesco @francesco_petrone Participant
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This topic contains 6 replies,
has 3 voices, and was last updated by GraHal
5 years, 8 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 06/06/2020
Status: Active
Attachments: No files
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