Software for strategy optimization
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Thread: Software for strategy optimization

  1. #1

    Software for strategy optimization

    Dear forum community,

    Please, share your opinion regarding strategy optimization tools. Does anyone use such tools to figure out optimal parameters for indicators-based strategies?

    I have a chance to be engage in the development process of one tool intended to assist traders seeking for improvement of their strategies. The idea is to utilize AI-based approach to reduce the number of combinations checked – this will help to save time. Actually, as in many other spheres, we do not need to check each possible option – it is enough to check a random set of options, make a quick search “nearby” each of them, and then choose the best option among them. We use the same approach when making any choice in our day-to-day life, so it was obvious to follow the same way in trading.

    So, the idea itself is quite simple: we create a list of all possible combination, and then the AI-based algorithm chooses a few of them to backtest using historical data. Depending on the backtesting data, the algorithm will tighten the circle searching for the best combination.

    Kindly share your opinion regarding this. Would you like to have a tool like this? If yes, what features it should have?

  2. #2
    A tool like this will be very useful to traders however the fact that it's going to be indicator based might significantly limit its potential. I will be more interested in a software that can read chart and identify similar pertterns that produce a similar price reaction every time they occur.
    Also providing an accuracy rating of each pattern will be a useful add on

  3. #3
    Of course, it is also possible to describe any pattern as a set of parameters, but it is quite difficult to make such recognition accurate enough to rely on it when placing trades. That is why indicators-based strategies seem to be more reliable.

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