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Some suggestions about the Z1 strategy #394547
02/14/12 08:25
02/14/12 08:25
Joined: Jul 2000
Posts: 27,986
Frankfurt
jcl Offline OP

Chief Engineer
jcl  Offline OP

Chief Engineer

Joined: Jul 2000
Posts: 27,986
Frankfurt
I see that many beta testers are running Z1, with probably very wrong expectations, as there seems to be some surprise why you aren't rich yet. So here are suggestions when you want to accomplish something useful with a Z1 test:

- Do not change the Lots, Margin, and Panic sliders. Their default values are for a capital of about 10000 EUR. So when you set them to higher values, the test won't be any more informative, but the capital on your demo account will be exceeded and you'll likely lose all.
- Do not restart the strategy every couple of weeks. Testing it makes only sense when you let it run for a year or so.
- Look at the equity curve for understanding what profit you can expect and in what time frame. As you can easily see from the curve, the system is making losses, i.e. is lower than a previous high, in more than 95% of the time. This is so with most strategies and is nothing to worry about.
- Do not look every couple of hours how it's doing. This will only waste your time. Start it on a laptop, put that one in your cellar or attic so that you don't see it all the time, and look only once a year how your account is doing.


Z1 is like the Gamestudio templates: it's good, but you can probably do better when you learn coding strategies yourself.

Re: Some suggestions about the Z1 strategy [Re: jcl] #394573
02/14/12 15:59
02/14/12 15:59
Joined: Jan 2012
Posts: 37
Zaandam, The Netherlands
J
JanBa Offline
Newbie
JanBa  Offline
Newbie
J

Joined: Jan 2012
Posts: 37
Zaandam, The Netherlands
Using the DEMO account you have to stop it once a month and start again and probably also when a new Zorro release has been released.

I'm going to try to make an interface from Zorro to Interactive brokers, and then use the "simulated trading" possibility.

Anyway i think that another beta-tester Stevegee58can make a connection much faster because he has a lot of knowledge of interfacing with IB.

Re: Some suggestions about the Z1 strategy [Re: JanBa] #394579
02/14/12 16:30
02/14/12 16:30
Joined: Feb 2012
Posts: 37
S
stevegee58 Offline
Newbie
stevegee58  Offline
Newbie
S

Joined: Feb 2012
Posts: 37
The one problem with going to IB right now is there's no data connection capability. You can place trades using the broker() call-out function but you can't get data from IB right now, just FXCM.

Re: Some suggestions about the Z1 strategy [Re: stevegee58] #394582
02/14/12 16:39
02/14/12 16:39
Joined: Jan 2012
Posts: 37
Zaandam, The Netherlands
J
JanBa Offline
Newbie
JanBa  Offline
Newbie
J

Joined: Jan 2012
Posts: 37
Zaandam, The Netherlands
Indeed, that's a pity, IB does not supply Forex Data ??

Re: Some suggestions about the Z1 strategy [Re: JanBa] #394587
02/14/12 17:37
02/14/12 17:37
Joined: Jan 2012
Posts: 37
Zaandam, The Netherlands
J
JanBa Offline
Newbie
JanBa  Offline
Newbie
J

Joined: Jan 2012
Posts: 37
Zaandam, The Netherlands
What i mean to ask is that IB provides no Forex data, but all other data.
If Zorro is Forex only we have to deal with that, for example FXCM

Re: Some suggestions about the Z1 strategy [Re: JanBa] #394588
02/14/12 17:42
02/14/12 17:42
Joined: Feb 2012
Posts: 37
S
stevegee58 Offline
Newbie
stevegee58  Offline
Newbie
S

Joined: Feb 2012
Posts: 37
IB provides forex data but ZT doesn't have a way of getting data from another source besides FXCM right now.

Re: Some suggestions about the Z1 strategy [Re: stevegee58] #394589
02/14/12 17:54
02/14/12 17:54
Joined: Jan 2012
Posts: 37
Zaandam, The Netherlands
J
JanBa Offline
Newbie
JanBa  Offline
Newbie
J

Joined: Jan 2012
Posts: 37
Zaandam, The Netherlands
Hi Steve,

Ok, there could be something developped such as a choice on the main screen to use FXCM date or IB data.

That would be nice, but i don't know how much time it takes to use IB data in Zorro.

It should be worth the effort.

Re: Some suggestions about the Z1 strategy [Re: JanBa] #394593
02/14/12 18:02
02/14/12 18:02
Joined: Jan 2012
Posts: 37
Zaandam, The Netherlands
J
JanBa Offline
Newbie
JanBa  Offline
Newbie
J

Joined: Jan 2012
Posts: 37
Zaandam, The Netherlands
Steve,

In your opining : Is Lite-C usefull to program Socket Functions ?


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