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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.

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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.

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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

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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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Strategy Quant X

Strategy Quant X Coupon Codes

If you decide to buy the Strategy Quant X Software then here are two types of coupon codes you can use when you buy the software.

Offical Strategy Quant Website: www.strategyquant.com

What is the budget for buying the software?

Professional Edition

Two ways to pay: Payment Plan or One Time Payment.

What is the difference: If you pay with a payment plan you get 180USD off and you roughly budget 109USD per month.

Payment Plan (12 monthly Installments) w/ coupon code

Coupon Code: strategyquant180offplan 

The total budget start to finish would look like this: 1490USD – 180USD = 1310USD / 12 months = 109USD per month

If you made the payment in One Payment you get 200USD off.

One-time Payment w/ coupon code

Coupon Code: strategyquant200off

The total budget is: 1490USD – 200USD  =  1290USD

So if you have enough money you are saving 20USD to make the entire payment all at once but if not then it is not a big deal to use the payment plan option.

– I’m Dave, the guy who is writing all this!

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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