Complete Newb asking for help creating a backtest code
- This topic has 5 replies, 3 voices, and was last updated 11 months ago by
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The simplified method can be used for Screeners, Indicators and Strategies.
As that name reminds, it will allow non-programmers to accomplish some easy tasks which do not involve programming.
You may ask all you need, but it’s beyond the goal of this forum (and beyond the available time of any of us users, moderators and coders) to teach programming from scratch.
You should try to learn the very basic principles and skills of coding (no need to know complex instructions, nor data structures and data). It shouldn’t take long to get the hang of it, provided you have some hours of your time to spend learning. Maybe you have friends who can help you or you may read some of the tons of examples on this forum.
Once you know the difference among variables, constants and arrays and have learned what FOR..NEXT and IF…ENDIF are,well… you are ready to ask how to build some effective code.
A good start is the manual at https://www.prorealtime.com/en/help-manual/quick-tour.
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This is exactly how I trade manually too.
12 months ago I decided to start going into fully automated trading from scratch looking for these set-ups. After 6 weeks of really deep diving into PRT mostly with the wizard I came up with 4 pairs of mean reversion opening drive scalps. The goal here was to use the account across multiple opening drives each day.
My ftse MR short bot was only just filtered out of this move tonight, which is fine. A train leaves the station everyday.
In short though, I encourage you to explore this as I am also a price action scalper. Be mindful that it is no small undertaking. Sure, you can find these trades but will soon learn the limitations of a 5 month data set on a 1 min chart. You say 5 min so that is better and the strategies should be more robust.
It’s a very long endless road but very rewarding. After running up 170% in 3 months and back down to 80% (from maxing out the account nearly every trade) I decided this is only part of how I wanted to trade to meet my goals and largely spend time diversifying into higher TF’s and learning more code. Ideas as a PA trader ideas are not hard to come by, finding them through code is not too difficult either. But awaiting live data samples and making these types of trades easy to live with is much more refined work. It may not look how you’d first thought by the time you’ve done this, and you won’t be the same trader you are now. You’ll be a far more sophisticated scalper with statistics to back up your executions.
If I can give you one hot tip, yes you can point and click to make these scalps into auto bots. The best and least optimised ones seem to have a direction filter, and no more than 2 triggers and can have basic trade management. So no more than 3-5 conditions, otherwise they’ll barely run and you won’t have a statistically significant sample size which would mean you are looking for trouble and might just find it!
As it stands one year on, about half of my algorithms survived and are the bones of my portfolio albeit often with a minor mod. The bonus is I have now run them through many market structures and have more data than I can visually see in a back test = pure gold. But you are looking in the right place. You can maximise an account and barely be in market more than 1% of the day because time of day is critical to these scalps. I truly believe the reason I survived my first year auto trading was because I was already profitable as a manual trader. I think it should be a pre-requesite.
When you get this far down the rabbit hole you will then have the balls to trade the Hang Seng where you can swing from the rafters once you discover that opening drives can be 100-300 points!
All the best, you have some work to do! But remain patient..always as the hours involved (for me at least) are/have been huge in the early stages.
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