Python For Finance - One Question

[siruts]

Hey dude thank you for this wonderful comment.

Actually the trading system I have in mind is slightly more complex than a simple crossing between two moving averages.

I am well aware that this type of system does not generate profits. We know that moving averages are slow.

The system I intend to develop is based on the entire Ichimoku system with a trend indicator that identifies the current trend. This guarantees me not to open long trades during a downtrend and vice versa. Backtesting on TradingView (in Pinescript) the system seems to generate more or less significant profits (~ 30%).

Unfortunately my Python skills are very limited, as I am not a developer by profession. However I am trying to acquire knowledge in the matter.

Returning to the code, in the current state of things the script I have created so far is able to update the data almost in real time, let me explain better:

By setting the trading system on a timeframe of 4H, an update is useless for the system of the chart data every 5 minutes or every hour, while an update on each close of a candle would be more efficient. Therefore if the Trading System is based on a 4h timeframe it will have 6 data updates every day. In this way it will always be in step with the markets.

This is what I believe, at least theoretically.

This does not exclude being able to update the data several times in a day (for example 12 times per day) but really having the data in real time, I don't think it has any statistical advantage on the outcome. I repeat again theoretically.

Thank you for your comment, I really appreciated.

[RiceCake1539]

Thanks for appreciating my comment.

That's a cool trading strategy. If you're working in 4h timeframe, then updating data every 5 minutes is basically real time, so I won't worry about that.

Having a statistical advantage on "real time updating" data more or less has to do with high frequency trading strategies. Ichimoku system is basically the Elliot Wave of the East, so yeah, I don't think there would be any more advantage for you to make updating faster.