WEIRD NASDAQ ALGO STRATEGY

[@BetterTraderAcademy]

What an amazing video! What are your takeaways from this video? Let us know in the comments below!

[@socihun]

I love this one very much-actually, all of your videos. :) Thanks for making them; they inspire me greatly.

[@BetterTraderAcademy]

Hi @socihun , Thank you for your great feedback, I'm glad you like them. Watch out for more videos in the future. :)

[@Joinswarm]

We used Eureka back in the day to generate these wacky equations , when we were looking for the price of gold 5 minutes into the future ......

[@BetterTraderAcademy]

Hi @joinswarm! Thanks for sharing. Let me know if you have questions. Thanks.

[@ZionTradingAlgos]

Excellent video and share as always Tomas. Thank you for all you do! Do you not use any mean reversion strategies at all in your hedge fund? All breakouts?

[@BetterTraderAcademy]

Hello @Ziontradingalgos Thank you for your kind words. Yes, only breakouts. That is my specialization, that is what I understand deeply.

[@poisonza]

True if it works on cross market it might work. but it could also be random chance. If the strategy rules are found by genetic algo search then you should check what % of parameter survives out of sample(test period). If the % low i would be hesitant to trade the strategy.

[@BetterTraderAcademy]

Hello @poisonza, Sure, nothing is perfect and certain in trading. That´s why we also have and can deploy further robustness testing procedures, like WFA, Cluster Analysis, etc.

[@bobstraub5524]

Thank you Tomas. Excellent video. What is TypicalPrice?

[@ulamss5]

HLC3

[@BetterTraderAcademy]

Thank you for your kind words @bobstraub5524 ! You may check here for the typicalprice , help.tradestation.com/10_00/eng/tradestationhelp/elanalysis/indicator/typical_price_indicator_.htm

[@lawrenceobioma]

I find it interesting how you always talk about average trade and not ratio avg win:avg loss.. can't the individual avg trade just be increased with more contracts and skewed whereas the avg win:loss ratio is more universal and shows survivability? Also I noticed how most of your avg trade ratio is 1.3 or greater with a 50%+ win rate and did a test with my strategies having the same, and the majority of them survived/thrived in the first 6 months with that ratio.. and obviously they worked great when combined. it's obvious why they worked when I think through it but I always have to test everything lol

[@BetterTraderAcademy]

Hello Lawrence, I do check WIN_LOSS at a later stage. The AVG TRADE is always the first "filter", without a good AVG TRADE which would cover the transaction costs and still made some profit, there is not even need to start digging deeper into other metrics. Of course, there are many other metrics to consider, but that would also made the YT videos much longer. Hope this helps.

[@lawrenceobioma]

@@BetterTraderAcademy Understood. My platform accounts for transaction cost during development so that's why the specific dollar amount in the backtest wasn't something I worried about. Thanks for clarifying.

[@BetterTraderAcademy]

You're welcome Lawrence. Let me know if you have questions. Thank you.

[@arrzfr]

Hi, what's the initial account size setting for your simulations? Obviously you can't start making profit out of zero equity, as your graphs seem to suggest.

[@BetterTraderAcademy]

Hi @arrzfr, Yes, simulations can be started with zero account, there is no reason why not. The process I do is backward: I create a model, test it thoroughly, then sample the maximum Monte Carlo drawdown and then decide what the capitalization will be, depending on the max % DD tolerance. Thanks.

[@iameladlevi]

What does setexit onclose do with 24H session? don't you need to use the RTH session?

[@BetterTraderAcademy]

Hi @iamladlevi! RTH session will not calculate the indicators properly, the night session is needed too. The EOD exist depends on the setting in this condition Time = SessionEndTime(0, 1) - I recommend check on the internet, can still be regular trading hours. Hope this helps.

[@lowcorrelation]

hi tomas. ive always wondered, when you speak of backtest results, you speak in dollar amount. without know the starting balance to us, doesn't really mean anything. why not go with percentages instead?

[@BetterTraderAcademy]

Hi @lowcorrelation! I am not sure I can plot a percent change in TS, however, all my trading thinking is set in USD, I do not like percentages. It is just a personal preference. Thanks.

[@galapalafala]

Would be curious how the strategy does once you remove the trend component since the market has clearly been in an uptrend.

[@BetterTraderAcademy]

Let´s see in the future @galapalafala . Thanks.

[@per-olofpetersson6343]

TypicalPrice means what in this case?

[@BetterTraderAcademy]

Hello Per-olof, you can check it here for the typicalprice. Thank you. help.tradestation.com/10_00/eng/tradestationhelp/elanalysis/indicator/typical_price_indicator_.htm