Trading Simulator

[Modest]

Thanks for the response CanOz I have more questions newbie questions.

I created a stockbrokering account via CMC Markets to trade direct stocks on the ASX however I'm kind of bummed about their platform. Compared to their CFD platform the platform for the real
Instrument seems so dated and non-user friendly. I much preferred the interface of their CFD platform.

It just feels like a backwards step in terms of platform, what's the go?

 

[Trembling Hand]

Thanks for the response CanOz I have more questions newbie questions.

I created a stockbrokering account via CMC Markets to trade direct stocks on the ASX however I'm kind of bummed about their platform. Compared to their CFD platform the platform for the real
Instrument seems so dated and non-user friendly. I much preferred the interface of their CFD platform.

It just feels like a backwards step in terms of platform, what's the go?

CFD platforms are designed like pokie machines with flashing lights and exotic instruments to make you feel like Gordon Gecko. They are made for the dumb white male in the 26 to 40 age group to excite and play on their deep-seated dream to be a billionaire/James Bond type.

Forget about the platform. Spend the next month or two reading some good trading books to get an understanding about this game. Then you will be able to properly investigative all these things for yourself.

IMO

 

[CanOz]

Thanks for the response CanOz I have more questions newbie questions.

I created a stockbrokering account via CMC Markets to trade direct stocks on the ASX however I'm kind of bummed about their platform. Compared to their CFD platform the platform for the real
Instrument seems so dated and non-user friendly. I much preferred the interface of their CFD platform.

It just feels like a backwards step in terms of platform, what's the go?

Sorry, I cannot comment on thier platform as I've not used it. I use Amibroker for my EOD stock trading platform, NT for descretionary intraday index trading, and Multicharts for systematic trading of index futures.

Do you still want to trade intraday long only stocks?

CanOz

 

[Trembling Hand]

CFD platforms are designed like pokie machines with flashing lights and exotic instruments to make you feel like Gordon Gecko. They are made for the dumb white male in the 26 to 40 age group to excite and play on their deep-seated dream to be a billionaire/James Bond type.

Haha case perfectly illustrated by this tosser,

 

[McLovin]

Haha case perfectly illustrated by this tosser,

That's brilliant. Reminds me of those punters who'd walk around with one of those ASX pagers that feed price data to them. They advertised them in the old "Shares" magazine, which should tell you who they were targeting.

 

[tech/a]

In an ideal world what are the features people expect in a trade simulator.

What are important to YOU (This is a general question not directed at anyone).

Ill list features I think important and see how many people agree or disagree with.
Hopefully some additions.

(1) Realtime
(2) Broad markets from equities to FX.
(3) Ability to trade with conditional orders.
(4) Ability to design trading methods that can be rigorously tested.
(5) Ability to view statistical reports and graphs showing Realtime trading results and of course Back Tested results.
(6) The ability to compare 4 and 5.
(7) Support network of like minded people.
(8) An idea base from which to start.

 

[Trembling Hand]

Ill list features I think important and see how many people agree or disagree with.
Hopefully some additions.

(1) Realtime
(2) Broad markets from equities to FX.
(3) Ability to trade with conditional orders.
(4) Ability to design trading methods that can be rigorously tested.
(5) Ability to view statistical reports and graphs showing Realtime trading results and of course Back Tested results.
(6) The ability to compare 4 and 5.
(7) Support network of like minded people.
(8) An idea base from which to start.

NT (Free)connected with esignals data ($200-$400 a month) or IB data ($100 a month)

Easy.

 

[tech/a]

NT (Free)connected with esignals data ($200-$400 a month) or IB data ($100 a month)

Easy.

So Ninja Trader has this already?

 

[Trembling Hand]

So Ninja Trader has this already?

The only thing I'm not sure about is point 6. Are you talking about some sort of statistical comparison?

You can add ability to program systems and indicators.


http://www.ninjatrader.com/tour#Analysis
http://www.ninjatrader.com/tour#Educate

 

[CanOz]

NT has a weakness for intraday systems...it cannot backtest intrabar like tradestation and MC.

CanOz

 

[Trembling Hand]

NT has a weakness for intraday systems...it cannot backtest intrabar like tradestation and MC.

CanOz

Not true,
http://www.ninjatrader.com/support/forum/showthread.php?t=6652

 

[CanOz]

Not true,
http://www.ninjatrader.com/support/forum/showthread.php?t=6652

As of the latest version, you still cannot backtest intrabar. Waza can confirm this too I'm sure, but in my testing of the three systems I had developed with a coder, none of them would look inside the bar while backtesting. This is why I switched to MC, along with the language issue. The results between the market replay and the backtest were catastrophically different.

CanOz

 

[Trembling Hand]

As of the latest version, you still cannot backtest intrabar. Waza can confirm this too I'm sure, but in my testing of the three systems I had developed with a coder, none of them would look inside the bar while backtesting. This is why I switched to MC, along with the language issue. The results between the market replay and the backtest were catastrophically different.

CanOz

You can do with a second data series but have to do it via programming.

I think

 

[CanOz]

You can do with a second data series but have to do it via programming.

I think

Yeah possibly, like a one minute bar or less. MC and TS only can see into one minute or higher. Even then many developers use multiple time frames/data series.

CanOz

 

[waza1960]

Originally Posted by Trembling Hand

Not true,
http://www.ninjatrader.com/support/f...ead.php?t=6652
As of the latest version, you still cannot backtest intrabar. Waza can confirm this too I'm sure, but in my testing of the three systems I had developed with a coder, none of them would look inside the bar while backtesting. This is why I switched to MC, along with the language issue. The results between the market replay and the backtest were catastrophically different.

CanOz

CanOz is correct .The link TH supplied shows you how to code for intra bar granularity but backtesting and Sim still only calculates On Bar Close . NT Backtest and Sim results I found where approx 20% different from live results . MT4 is less than half that.
MT4 has an issue though where if you use indicators in different time frames within the one strategy .The non chart time frame indicator only calculates on the Bar Open.
Every platform has its weaknesses but NT has that many that its virtually useless for Auto Trading IMO.

So Ninja Trader has this already?
The only thing I'm not sure about is point 6. Are you talking about some sort of statistical comparison?

You can add ability to program systems and indicators.

Ninja Trader Reports can be imported into excel.That is the only way you could compare live trading vs Backtested results

 

[Modest]

Sheesh what have I got myself into!

Programming this, backtesting, granularity that

Can money be made by someone like myself who's looking at going long on certain stocks using either EOD Data or CMC Markets 20 minute delayed data? By making money I am talking about reading into charts heavily using TA techniques to determine positive trends then selling a day or few later to skim the profits of the positive trend(s).

The above with out having to program, backtest and use calculus?

 

[tech/a]

Sheesh what have I got myself into!

Programming this, backtesting, granularity that

Can money be made by someone like myself who's looking at going long on certain stocks using either EOD Data or CMC Markets 20 minute delayed data? By making money I am talking about reading into charts heavily using TA techniques to determine positive trends then selling a day or few later to skim the profits of the positive trend(s).

The above with out having to program, backtest and use calculus?

Probably not.
Your describing long term Analysis for a short term trade.
You need the analysis to match the timeframe.

 

[Modest]

Probably not.
Your describing long term Analysis for a short term trade.
You need the analysis to match the timeframe.

Alright to confirm I'd need live intraday data? Or are you referring to the programming side?

 

[tech/a]

Alright to confirm I'd need live intraday data? Or are you referring to the programming side?

No I'm talking about your method of analysis.
You need analysis which can instantly tell you
If the bar your trading is likely to be a continuation of a trend
An ending of a trend the reversal of a trend or the beginning of
A trend

No point at looking at the past month!
Best look at the last 10. 1 min bars
For pattern and perhaps 5 min bars for
Individual EOD internal bar analysis.

This wil help you answer the first part of this post.

 

[Modest]

Thanks mate

I keep getting pulled back to CFD's because I'm doing pretty alright in the CMC Demo CFD account (modest profits) and I love the platform + cheaper for live data.

I was thinking of minimizing the margin using no finance on the CFD platform. I'll enter CFDs with this position of being extremely cautious and thus using only my capital.

I think I'll start another Demo account and play CFD's with absolute minimum finance and see how I go.