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Strategy Quant X

Strategy Quant Lab FX Settings D1

FX Settings D1 Timeframe

  • Use Default Forex Settings

Data Tab

  • Change Symbol to GBPJPY – D1 timeframe
  • Data – Start: 2003 August 4th ~ 2019 July 31st

What to Build Tab

  • Change Stop Loss 100-300 pips
  • Profit target 200-500 pips

Genetic Tab

  • Turn off Show Last Generation

Trading Options

  • Leave Exit on Friday checked on

Building Block

  • Leave as is

Cross Checks

  • Higher Back test Precision Turned on – click on middle section and adjust spread values to 5. In the conditions section, turn average trades per month to 1.

Ranking

  • Change average trades per month to 1.

Here is the config for the above settings.

Categories
Strategy Quant X

Strategy Quant FX Final Filters

Here is a final set of filters you can run on your algorithms to help you decide the best choice from the selection of Strategies you created in Strategy Quant.

Filters #1 – Delete Highly correlated strategies.

  • Divide the Strategies in groups of 20-30 or less.
  • Select all the strategies
  • Under the Portfolio Tab – click merge strategies.
  • Leave settings on default.
  • Under Portfolio Correlations – select month – select Compute.

Identify the Strategies in Red with a high correlation. Keep one of the strategies and base your selection on the strategy with the least amount of indicators used in the strategy or with the better Ret/DD Ratio.

Any strategy with a correlation of 0.70 ~ and above is unacceptable. Continue to remake the portfolios and delete the strategies with high correlations.

From the 9 strategies I started with I deleted 1 and I am left with 8.

Filter #2 – Test your strategies against a highly volatile period in history.

  • Set your data period January 1st, 2020 – December 31, 2020

Keep only the profitable strategies.

From the 8 Strategies I had left I chose the one with the best RR/Drawdown Ratio.

Categories
Strategy Quant X

Strategy Quant Lab Course FX Settings

If you do not know what strategy quant x is you can check it out here:

www.strategyquant.com – get the free trial if you end up wanting to purchase it use these coupons and get it cheaper.

This is the basic notes from the Strategy Quant Course that was taught by Strategy Lab.

I include my summary notes of the lesson and a config template for those you just want to get started set it up in the builder right away to create some strategies.

Default Forex Strategy

What to build tab – Simple Strategy

Genetic Options – switched off last generation – for island #1 only

Data – change your currency to a UTC+2, start date 2003.5.5 end 2019.6.30, H1 timeframe, slippage 1, no out of sample setting since last two years will be saved for the end.

Trading Options – Leave it as is with Exit on Friday

Building Blocks – Default selection

ATM – Default selection

Money Management – Default selection

Cross Checks – Turn off backtest on additional markets, higher back test precision set spread to 2.5 (same as data column), add filtering conditions within higher backtest precision same as ranking filters which are profit factor 1.3, average trades per month 2, Ret/DD Ratio 4.

Double click on each condition and change to higher backtest precision backtest.

Ranking – Default selection

Here is the config for the above to download FX settings for creating strategies in Strategy Quant.

It takes my computer under 5 minutes to create 1000 strategies I have a AMD 5950 CPU with 32 RAM.

For those who do not have a great computer and want a 1000 strategy package to participate in the lessons without having to generate reach out to me and I will hook you up : nononsensetrader.com@gmail.com

-Dave

Categories
Strategy Quant X

1000 Premade Strategies from Strategy Quant X

Here is the link to download 1000 Premade Strategies from the professional minds at Strategy Quant X, you can put these strategies into the Retester and wittle the strategies down to the best performing types that will give you a profitable out come in the future.

You can download them here.

If you have not tried Strategy Quant X yet, try the 14 day free trial.

www.strategyquant.com

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Uncategorized

3 Forex Back Testing Software

The Forex Back Testing Software choices for Algorithm Builders.

The days of discretionary trading are over and retail traders are moving to algorithmic trading strategies built by software.

In the past traders created strategies using print outs of charts laid out onto the floor and drew lines and patterns onto the print outs. They did everything manually and many of the strategies and tools we know today were built from those very same people who manually built strategies.

Those days are long gone and we can now harness the power of computers to back test and build strategies with 20 years of financial data in less than a second. These tools have leveled the playing field for retail traders against the big bank traders.

For those looking to turn your trading into a professional career you are going to need good software. You need to build and test out your strategies to see how they perform on past data to get an idea on how they will profit in the future.

Lets dig into the top four choices of software for everyone’s budget.

1.) Forex Tester 5 (www.forextester.com)

For an intermediate trader – this is the best type of forex software you can buy for yourself. This has instructions on how to trade incorporated into the back testing software. It offers basic courses and gets you started into back testing immediately. It has very advanced features for traders who already know what they are doing and simply want to use it as a tool. It has a builder, an AI based strategy optimizer, money management and automated trading options when you want to test your strategy on real-time accounts. It offers free historical data for daily and weekly chart for 20 years.

The price is reasonable: 149USD

2. ) Soft4fx (www.soft4fx.com)

This was my first forex software that I still use today. It is for the MT4 platform and it’s loaded from an expert advisor. The simplicity of the software is what makes it so easy to use and get started. It is very robust allowing you to back test strategies on all currency pairs, metals, oils, and indices and timeframes with free historical data. The best part of this software is how it allows you to easily understand exactly how your algorithm will work. When your build is completed you can manually take each trade once your indicators have signaled. This is a must for anyone serious about trading and wants to start their career. A great all-around software.

The price is very inexpensive: 99USD

4.) Strategy Quant X (https://strategyquant.com/)

This is the software that I currently use to create all my algorithms and has paid for itself within the first few months of using it on my live account. This completely blows away any type of strategy creating software that has hit the forex market. It has an AI Builder that will create a strategy with the indicators and trading management that you have predefined. It will choose the best strategy for you over vast periods of historical detail and retests that strategy on other currency pairs. Then runs it through Monte Carlo Simulations which mixes up and changes the data, and finally you can run it on a Walk Forward Matrix to see how it will perform on future data. This software is for serious traders who would like to trade for a living and work for a professional prop firm. I recommend this software to anyone that would like a career in trading.

The budget for the software is as follows:

Professional Edition

Payment Plan (12 monthly Installments) w/ coupon code
Coupon Code: strategyquant180offplan
1490USD – 180USD = 1310USD / 12 months = 109USD per month

One-time Payment w/ coupon code
Coupon Code: strategyquant200off
1490USD – 200USD = 1290USD

Try out the free 14 day trial before you purchase it and you can make a strategy within the 14 time period to use.

In Conclusion, you need trading software to back test on historical price data because you need to understand how it performed in the past to get an idea of how it will perform in the future. If you do not use any software and just start trading a strategy you are going into the market blind.

Whatever software you choose, it should meet your trading career goals. All of the above choices are good and are reasonably priced. If you need more consultation on what software to buy please feel free to reach out to me anytime by e-mail and I can help you make the choice,

Happy Trading and Good Luck

Categories
VPS Servers for Forex Trading on MT4

The Top 4 forex VPS providers for professional trading

85% of all forex trading traffic is completed by automated trading robots on VPS servers

What exactly is a VPS (Virtual Private Server) Hosting used for when trading forex?

It is pretty clear and simple. This allows you to trade forex and other financial products 24/7 using a professionally designed forex automated trading robot to trade for you at all times without you physically doing anything but checking that it is doing its job correctly.

What are the benefits of using a VPS for forex?

Use an automated trading robot. A trading robot must have consent connection to the markets and a VPS allows this. The robots are made for trading platforms called MT4 and MT5 and the trading robots are specifically called Expert Advisors. To learn more about designing your own trading robot check out our website.

A 24 hour connection to the forex markets. A regular retail trader will pick a convenient time to start trading when they are not working their day job. When you use a forex VPS server it is connected to the forex markets at all times and it never turns off or goes to sleep. A VPS is a consent necessary connection to the forex trading markets.

An uncompromised network on world wide servers. When you are connected with a home network, the connection is provided from your computer to your local provider. When you connect with a VPS server you are connected to a worldwide network so if for some reason one connection went down, your trading data would still be saved by the other servers across the globe.

1.) AccuWeb Hosting ( https://www.accuwebhosting.com/ )

In my opinion this forex hosting plan provides the best bang for buck option for traders looking to get started in a forex VPS hosting plan. The head office is located in the USA and they provide forex VPS with full root access, 24 x 7 uninterrupted SSD stable windows preinstalled with 14+ VPS locations. In addition, you can run multiple MT4/MT5 terminals on a plan 12USD per month. This is as good as it gets!

2. ) Forex VPS ( https://www.forexvps.net/ )

The name of this company states exactly what they focus on. I would say they have all the good qualities of AccuWeb Hosting but the price point is a little higher although their main advantage is partnering with brokers that you are already with and having the broker pay for the VPS server that you are using. They are currently working together with IC Markets, Pepperstone, FX Primus and Instaforex.

3.) My Forex VPS ( https://www.myforexvps.com/ )

The My forex VPS differs from the above because it offers the lowest prices since it divides its plans into micro types that will still support a MT4/MT5 terminal with all the above services but you can only load 1 terminal and be sure not to add to much extra data to files. This is a bare bones way of working BUT it is actually quite clever because if your trading robot only needs a terminal, 2 indicators and an expert advisor, then you are good to go. The only disadvantage would be lack of adding many MT4/MT5 terminals.

4.) FXVM ( https://fxvm.net/ )

Last but not least is FXVM. This company is a great choice too especially if you are not a native English speaker. They offer language support in English, Russian, Polish, Spanish and Chinese. So if you are not a native English speaker you definitely want to go with these guys since any technical issues you might have will be solved by their tech support group. The price is competitive and they are rock solid with all the VPS important points such as low latency, 24 x 7 uninterrupted service, multiple terminals, global servers.

5. ) Bonus – Contabo (https://contabo.com/en/vps/)

Before you pull the trigger match any of your choices against these guys. I started using them because they had a 10 Core, 60GB RAM, 1 TB Hosting plan that allowed me to put my Strategy Quant X Software that will compute all of my trading algorithms and figure those out for me instead of running my desktop all day all night it is now done on their hosting servers along with as many MT4/MT5 terminals as I want since there is so much room. It is the best choice for an all in one heavy user who is serious about Quant Trading and having MT4/5 Terminals all in one place.

To Conclude:

The Forex VPS space is ripe with many options for many different types of forex traders and all of the choices above are great in their own way. If you want to be a successful trader in the trading robot/expert advisor space having a VPS server to add MT4/MT5 trading terminals to is the way to go.

Good Luck and Happy Trading!