so ive backtested my system and now want to start paper trading it to take care of any bugs in the code. where is the best source of information on how to deal with errors and that sort of thing? i mean what should i be reading so i can see how to make my system trade ready?
there doesn't seem to be decent documentation provided on this website, am i missing a certain thread? where should i be looking?
making a system trade ready
- TJ
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Re: making a system trade ready
There are as many possibilities for errors are there are stars in the sky...so ive backtested my system and now want to start paper trading it to take care of any bugs in the code. where is the best source of information on how to deal with errors and that sort of thing? i mean what should i be reading so i can see how to make my system trade ready?
there doesn't seem to be decent documentation provided on this website, am i missing a certain thread? where should i be looking?
you just have to deal with them individually.
Any particular errors you are anticipating with your system?
- TJ
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Re: making a system trade ready
Bear in mind, backtest is NOT real. It is a scenario simulation.
The errors you will encounter depends on how you built your scenario,
and how MultiCharts applies simulation to those scenario.
A few of the common errors/discrepancies people have experienced:
1. Backtest made money, but not in live trades.
2. Backtest got the order filled, but not in live trades.
3. Backtest triggered an order, but not in live trades.
4. Backtest triggered order in one place, walk forward "live" trades triggered orders in another place.
5. Backtest market order slippage = 1 tick, live slippage > 1 tick.
6. Backtest stop order did not get taken out, live stop orders always got taken.
7. Backtest stop orders filled at stop, live trade stop orders filled with large slippage.
... the list goes on...
The errors you will encounter depends on how you built your scenario,
and how MultiCharts applies simulation to those scenario.
A few of the common errors/discrepancies people have experienced:
1. Backtest made money, but not in live trades.
2. Backtest got the order filled, but not in live trades.
3. Backtest triggered an order, but not in live trades.
4. Backtest triggered order in one place, walk forward "live" trades triggered orders in another place.
5. Backtest market order slippage = 1 tick, live slippage > 1 tick.
6. Backtest stop order did not get taken out, live stop orders always got taken.
7. Backtest stop orders filled at stop, live trade stop orders filled with large slippage.
... the list goes on...