Support Board
Date/Time: Mon, 25 Nov 2024 20:43:05 +0000
Post From: ASCIL custom automated trading system speed vs custom study + other management studies
| [2024-02-18 16:59:51] |
| emmanuel - Posts: 58 |
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It's my opinion that studies such as "Trading system based on alert condition" and "Trade management by study" are good for learning how to create trading systems with ASCIL. They are also good for a quick prototype, to see if a trading system idea has potential. But when you're creating an automated system that you'll be trading, with real money, nothing beats writing the entire thing as a single ASCIL study. With a single ASCIL study you can handle setup detection, order entry, risk management, and trade/position management all in one codebase. The trade window functions are easy to reproduce in ASCIL. Personally, I only use market orders in ASCIL, yet when trading manually I only use limit or stop-limit entries. That's because limit/stop orders are trickier to deal with in ASCIL and I find that a market order can be used to simulate a limit/stop order in ASCIL. As for the "Trade Management by Study", that functionality can be done in ASCIL but I'll admit that it's non-trivial. I've done it, but I'm not currently using that code (because it had a negative impact on the P&L). I don't know how to express the difficulty, other than to say that it's trickier than it seems. However, it's doable. |