Forums ProRealTime English forum General trading discussions Willingness to share strategy in public Reply To: Willingness to share strategy in public

#136208

Thank you for sharing your code.

Actually there are many strategies in the library and some of them are very popular and profitable, some share good ideas but maybe would need some improvements, some are just good examples on how (not) to write code and they are worth while reading and practicing with.

Also some screeners are nice ideas that could be converted into a strategy.

Compared to strategies and screeneres, there are tons of indicators! They are easier to write and they involve less responsability (though not legal reponsability). Some of them are just statistics, some are just embellishing other existing indicators with graphics. Moreover, indicators can be used by manual traders, strategies cannot!

Writing an indicator that identifies candlestick patterns is fairly easy, just a bit time consuming, while coding a strategy on those patterns that have been identified is way more difficult.

When you trade manually and a pattern is identified you have time to think about it, analyze the market from different views and maybe enter (or not) at market 1 or two minutes AFTER the pattern is identified. A strategy cannot wait, when a candle closes and a pattern is identified it has to enter or not to enter without having a chance to visualize the market but acting upon conditions set days or weeks before by a programmer. They are more prone to errors because there’s no human decision in them.

Moreover, people fear that sharing their code could help someone make them better for themselves and make them profitable, while the original one may not be good enough.

Anyway, there are some good ideas and code in the library and in many posts. It’s just a matter of testing, coding, debugging, make changes….. in a word TIME!  But it can be rewarding spending it.

 

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