The Strategies feature in iYurek App is designed to help traders build custom trading strategies and backtest them on historical data, or deploy one of 150+ pre-built strategies based on price action analysis. Whether you’re creating a strategy from scratch or using pre-built options, this feature empowers you to gain real-time results and optimize your trading approach across various timeframes.
Discover Pre-Built Strategies
In the Strategies tab, you can either create a new strategy or explore over 150 pre-built strategies designed to analyze price action and other technical patterns. These pre-built strategies come with backtested results on historical data and can be deployed virtually in live markets, providing you with real-time insights.
How to Create a New Strategy
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Access the Strategy Section: Navigate to the Strategy tab in iYurek's main menu, and select the Create New Strategy option.
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Provide Strategy Details:
- Title & Description: Enter a name and description for your strategy.
- Position Type: Choose whether your strategy is for buying or selling.
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Add Instruments: Select the instruments (e.g., stocks, futures) that you want to include in your strategy.
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Choose Chart Type: Select from chart types such as Candlestick or Heikin-Ashi to analyze price movements.
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Time Period & Quantity: Define the time period for the strategy (e.g., daily, weekly) and specify the trading quantity (in lots).
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Set Entry Conditions:
- Define your entry conditions by selecting whether the stock must match all or match any of the filters below.
- Add Indicators: Set specific indicators (e.g., moving averages) and define values for comparison with other indicators to validate your entry conditions.
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Define Exit Conditions:
- Stop Loss & Target Profit: Set parameters for exiting the trade, such as a stop loss, target profit, or trailing stop loss.
- Exit Criteria: Choose how the trade exits, either based on percentage, points, or an absolute value.
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Set Backtest Parameters:
- Choose the backtest start and end dates to define the historical period you want to test your strategy on.
- Optionally, enable the keep running feature to continuously backtest the strategy as the market evolves.
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Run & Save Backtest: Once all parameters are set, click Run & Save Backtest to execute the backtest.
Backtest Results
After running your strategy, the app displays detailed backtest results. You can review the performance of your strategy over the selected time period, including:
- Profit and Loss (P&L): The net gains or losses generated by your strategy.
- Win/Loss Ratio: The ratio of successful trades to failed trades.
- Maximum Drawdown: The largest loss during the backtesting period.
- Other Performance Metrics: Gain insights into risk/reward ratios and the effectiveness of your strategy under different market conditions.
Deploying and Monitoring Strategies
Once you're satisfied with the backtest results, you can choose to deploy the strategy virtually in live markets. iYurek will track the performance in real-time, allowing you to monitor how well your strategy works under current market conditions and make adjustments as needed.
Benefits of Backtesting and Strategy Creation in iYurek
- Customizable: Build strategies tailored to your preferences using customizable parameters and advanced indicators.
- Data-Driven: Use historical data to ensure your strategy is backed by real-world performance insights.
- Real-Time Monitoring: Virtually deploy strategies and get real-time feedback on performance, helping you stay agile in live markets.
- Pre-Built Strategies: Quickly access over 150 proven strategies and adjust them to suit your trading goals.
Conclusion
The Create Strategies and Backtesting feature in iYurek is a powerful tool for both novice and experienced traders. By leveraging custom strategies, pre-built options, and historical backtesting, iYurek helps you make informed trading decisions with confidence. Start exploring this feature today to take your trading strategies to the next level.