This is a great introduction to algorithmic trading with this semi-automated trading strategy. It uses a comprehensive Smart-Grid Strategy which is based on Multi-Time-Frame trending indicators with 25 combinations together with Advanced Risk Management.
This product will support Crypto-Currencies like Bitcoin.
Designed for Advanced Traders
This product provides many configurations to allow more advanced algorithmic traders full control of how the robot trades. If you are new to algorithmic trading please look at one of our other products.
EMAIL & TELEGRAM MESSAGING UPDATES
Watch all the tutorial videos on YouTube to help you configure and get the most out of the Switchback Forex Trading System.
Running With A Low Account Size?
If you plan to run the trading system on a low account size like £1000, then we recommend that you set your lot size to the lowest value for 1K volume and the Smart Grid Lot exponent to 1, watch the video below for more information.
How The System Opens Positions
The trading robot uses 5 pre-defined timeframes to determine if a trade should open using 2 core indicators; the DiNapoli Stochastic and Hull Moving Average, it also uses various other trend indicators.
How The System Closes Positions
There are various options to close a position using this trading system.
FREE Add-On Software
Also included with the trading system we provide the cTrader News Release Manager to help reduce losses when a high-impact news release occurs and the Memory Manager Add-On which monitors and adjusts your PC and VPS memory for optimal performance of your robots and trading platform.
Monthly Parameter Configuration
This strategy requires the user to configure the parameters at least every month to give the best performance on the ever-changing market conditions.
DO's & DONT's
- Watch positions for run-away trades, the system is semi-automated, it needs some human interaction.
- Set the Lots size to the lowest value at the start.
- Remember the parameters provided are just to get started, you need to tweak them every month with 1 yr. back-tests on your local PC and use these on your live account.
- Remove symbols that are bad performers after running for 3 months.
- Experiment with adding new symbols.
Lifetime License with Free Updates
The license type is perpetual that will allow the customer to use the licensed software indefinitely and receive free updates when they occur.
All updates will reflect what the customers feel would improve the product, so you benefit from the strategy of improving over time.
This product comes with a comprehensive user manual to help you understand all the parameters and how to set up and use this complex strategy.
Important Parameter Settings
Please note that we do not optimize the parameters to fit the data, but instead prefer to use fresh data with the current settings.
- Max trades per day
- Max losing trades
- Smooth curve distance
- Trailing stop
- Max trades in red
- Upper and lower RSI threshold
- Pip step
- Volume exponent
- Symbol Time-Frame - Very important
"TWEEK THESE PARAMETERS ON A REGULAR BASIS FOR BEST PERFORMANCE"
IMPORTANT - What you should be looking at is Max Equity Drawdown and Net Profit.
Increase Profit and Reduce Drawdown With The News Release Manager
The back and forward test results would be even better if you used the ClickAlgo News Release Manager as heavy losses will occur during these events. Please note that we cannot back-test the news release events and you may see drawdown spikes when this occurs.
How Easy Is It To Set-Up?
Getting started is very easy you simply install the cBot and the custom DiNapoli & Hull Moving Average indicators and you are ready to go.
If you wish to get started with our example parameters than click on the link below.
How To Optimize for Better Results?
With this robot, you will have all the parameters available to run it through cTraders optimization module to tweak the robot for the best possible results.
Why not watch a video tutorial on how to do this by clicking on the link below?
We offer an optimisation service for other symbols if you are interested just click on the link below.
Our advice is to download a trial load the sample parameter values and run your own tests, so far there are good results for a 1, 2 and 3 year backtest, with Forex you will have large drawdown spikes due to news releases which will affect a technical trend robot like this one, it is best to use the News Release Manager to not trade during these periods, it will be automatically done for you.
The best method to run the Forex robot is to run a backtest each month going back 1 year and adjust the parameters to get the results you want and then run with these settings.
How to Get the Right Settings for other Symbols?
To get the best settings for other symbols, it is best to load another symbol sets that are performing well and adjust the parameters listed above until you get the desired results.
Should You Optimize the Parameters
We do not believe in fitting the parameter values to the data, it is best to backtest and adjust the parameters and then run on fresh data.
Forex is volatile and market cycles change, the 1 year backtest each month will confirm that your robot’s parameters are working ok with fresh data real-time, most of the time you may not need to adjust anything, only to confirm the parameter settings are ok.
"NO ONE CAN PREDICT THE MARKETS CONSISTENTLY. ITS ALL ABOUT ODDS, STATISTICS, PROBABILITIES AND AVOIDING THE RISK OF RUIN."
Henri Simoes - Trading Legend
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