How to overcome limits of retail trading software to develop trading ideas fast for profit
Hi Bryan, thanks again for the webinar you held last night, it was very interesting.
I wish I started to learn math for building Algo since the beginning of my journey. I would have saved much time.
During the chat I had with LondonQuant I mentioned the need to build an approach. What I meant by approach was a basic sequence of logical steps in order to validate trading ideas.
I found very interesting one of the book published from Emilio Tomasini & Urban Jaeckle titled: “Trading Sytems / A new approach”
Since I started coding with Mt4 I thought that I could replicate the same process, but I was wrong:
– Memory limit for files over 4Gb (I cannot test more than 2-3 years data with tick data)
– Walk Forward Analysis tool missing
– Parameter space optimizer missing
– Monte Carlo Simulator missing
– Portfolio testing missing
For poor average John it becomes difficult to deal with all these issues without spending a fortune on proprietary platform. On the top of that you still do not know what you should with that software.
At this point I amwondering if the wiser choice I can take would be to sign up to a university to study Finance and forget about trading for the coming years.
I look forward to hearing from you.
I address all these in my video below
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