Multi Time Frame and Force End of Day Exits

New features and upgrades to the Build Alpha software. You can now create multi timeframe strategies. That is, trade the 30 minute chart with confirmation from the daily chart for example. You can also create strategies that are forced to exit end of day and do not take any overnight risk.





Comments

Post a Comment

Popular posts from this blog

Downloading Custom Data for Build Alpha using Python

Image
Happy Friday! For this Free Friday edition, I am going to do something new. I am going to make this slightly educational and give away some code. I get tons of questions every week, but they mainly fall into two categories. The first question is in regards to adding custom data to Build Alpha . You can add intraday data, weekly data, custom bar type data, sentiment data, or even simple single stock data. The second question is in regards to using or learning Python. In this post, I will attempt to “kill two birds with one stone” and show a simple Python code to download stock data from the Yahoo Finance API. In fact, we will use Python to pull and save data ready formatted for Build Alpha for all 30 Dow stocks in less than 30 seconds. You can view the entire script later in this code or in the video below. The first few lines are simple to import statements pulling public code that we can reuse including the popular pandas library. import pandas
Read more

Noise Test

Image
First, let’s talk about overfitting and what it is. I will simply define it as fitting a function or model to data so well that the function or model is not generalizable and cannot/will not work on another data set. In trading terms, it is designing a strategy that trades historical data so well that it will surely fail on new data . Build Alpha :  The first and most obvious test to prevent curve fitting is out of sample testing. In other posts I’ve described this, but in short, it is simply withholding a portion of your data to “validate” the strategy. For example, you have 10 years worth of data and you designate the first or last 30% to be out of sample. You build your model on the remaining seven years of data and then validate it on the withheld 30% or out of sample data. However, and for various reasons, this might not be enough to prevent against curve fitting. There are two parts to the underlying data: the signal and the noise. It is often said that when something is cu
Read more

Learn the Skill of Trading with Build Alpha

Image
Trading in financial markets is a tedious job. An expert’s advice is always required to invest in capital markets for a new trader. Listen to all fund managers, their views of in vesting based on different market conditions. Always do lot of research and take guidance from experts before investing. A new trader must utilize a stop loss, avoid greed and do not trade with fear while investing. Make a portfolio of strategies or shares from different sectors and maybe receive help from your broker. There are experts who provide market tips which enable beginners to make a wise decision, but on the other hand, you can take the help of this new trending software which is proving to be one of the best solutions in the market: Build Alpha . Fresh investors always go for those stocks which have reasonable valuations or big growth potential. Different market analysts have their own investment strategies owing to the Bull and Bear phase of the market. There are many
Read more