-
-
Posts
-
Sainsburys full year earnings and Unilever’s first quarter trading update both say the same thing, UK consumers are in for higher prices. The war in Ukraine, supply chain issues and the effects of ongoing Covid all to blame. -
US Dollar (DXY) Daily Price and Analysis US Q1 GDP may stall the greenback’s advance. A 20-year high nears for the US dollar. The multi-month US dollar rally continues with the greenback printing a fresh high today ahead of the first look at US Q1 GDP at 12.30 GMT. The US dollar basket (DXY) has been boosted by renewed weakness in the Euro and the Japanese Yen, as investors move from lower-yielding to higher-yielding currencies, while safe-haven flows continue to benefit the greenback. The US growth release later in the session is expected to show a sharp slowdown from the robust Q4 figure of 6.9%. The markets are currently pricing in growth of just 1% for the first three months of this year, with the slowdown mainly due to a reduction in inventory accrual over the quarter. This release is unlikely to move the greenback, unless there is a large miss or beat, as the Fed believe that 2022 US growth will be robust enough to let them tighten monetary policy sharply without damaging the economy. The latest US Core PCE data – the Fed’s preferred inflation reading – is released on Friday and this may have more effect on the US dollar than today’s GDP data. For all market moving economic data and events, see the DailyFX Calendar. The ongoing US dollar rally has been aided by weakness across a range of G7 currencies including the Euro, the Japanese Yen, and the British Pound. The Euro continues to battle with lowly growth expectations, exacerbated by energy concerns, the British Pound is mired by weak economic data, while the Japanese Yen is in freefall as the BoJ continues with its ultra-loose monetary policy. The US dollar continues to press higher and looks set to break above 103.96, the March 2020 high. Above here the US dollar would be back at levels last seen nearly two decades ago. The March resistance will likely hold in the short-term, especially with month-end portfolio rebalancing at the end of the week, but US dollar strength is set to continue in the months ahead. USDOLLAR (DXY) WEEKLY PRICE CHART – APRIL 28, 2022 {{THE_FUNDAMENTALS_OF_BREAKOUT_TRADING}} What is your view on the US Dollar – bullish or bearish? Apr 28, 2022 | DailyFX Nick Cawley, Strategist
-
While Tesla has nothing directly to do with Elon Musk buying Twitter - TSLA stock closed down 12% on news that Musk may have to sell stock and use other holdings to stand against the loan to finalise the purchase of the social media giant.
-
Question
Stef
Hi All,
Some additional features that would be a welcome addition to PRT...
1) Walkforward testing. Problem with backtesting strategies is the optimization of variables specific to the testing period. Without the ability to walkforward (test a period for which the strategy was not optimised), it is easy to create systems that tests well, but trade poorly in real life. Though it is possible to do walkforwarding manually, it is very time consuming and error prone.
Most decent testing platforms support this feature.
2) Look-Inside-Bar Back-testing. Currently, if you have a stop and a limit, PRT does not have the ability to determine which is triggered first, if both are triggered within the same bar when backtesting. LIB solves this problem. Platforms such as Tradestation provides this type of functionality.
3) Disabling variables. This is just annoying and a huge time waster. Before you can enable a system for auto trading, you have to remove all the variables that you created when backtesting. But then, when you decide to do some more testing, you have to recreate all the variables again from scratch; including name, min, max, and step value. Do this a couple of times and you realise this is not the best way.
4) Margins. Used to be there, and now is gone. %Gain (and capital needed to trade a system) is not correct if margin is not taken into account.
I've posted previously about some other enhancements that I believe are currently lacking - such as being able to create test templates; where the initial capital, date ranges, spreads, commissions, etc. can be specified once and then used for testing multiple strategies, etc.
I would appreciate some comments and additional suggestions.
Regards
Stef
Link to comment
2 answers to this question
Recommended Posts
Archived
This topic is now archived and is closed to further replies.