@mistyrains it looks like your are moving towards starting to trade again? There are so many opportunities out there!
My current problem is having too much to choose from. Too many indicators in my system, too many CFDs to choose from, too many potential trades each day! Originally I was intending to trade both Australian and USA CFDs; i.e. ASX, NYSE and NASDAQ, but only the low margin ones that trade at least $2M on average each day. I intend to have around 10 open trades at any time with stop and profit targets based on multiples of each stocks ATR.
I really want to get a good understanding of the maximum drawdown I can expect given my system design and parameters, hence my interest in back testing. I haven't performed any back testing using Amibroker, but did some using Metastock and Tradesim about a year ago. I tested a cycle trade system I developed. I used AAPL.NASDAQ (Apple) as the target stock and optimised the ATR based profit calculations. It worked great until I back tested the system against all the NASDAQ stocks and found that the only profitable stock was AAPL! I guess I over optimised!!
After talking to you, thanks for your advice which I know is based on your experience, I have decided to start with a far simpler system based on Ichimoku. I'll develop a system with the "Key Idea" of trading low margin Australian CFDs (initially anyway) with the trend defined by the Ichimoku Cloud, trade entry triggers based on my short term cycle indicator, and stop and profit target prices based on the individual stock ATRs.
I just have to drag myself away from the other "noisy" HC speculative stock threads and put in the work required to develop a trade system that I have confidence in. When I get to that stage I'll let you know what the results are.
