Hi, and welcome!
I’m also fairly new to coding, but not trading as such. Now… I may be being controversial here… but honestly, I don’t think I’ve ever bothered with sharpe ratios when it comes to day/swing trading and building my algos.
My thought process is more around:
1. What is my strategy, that usually needs to work manually first or its clear from charts it works.
2. Is it relatively simple? Ill just say, less than 5 indicators. Although thats an arbitrary number. But general consensus is less is more, especially to avoid curve fitting.
3. can I code it? Is it possible to code and automate as not all manual systems are. And the people here have amazing knowledge, but do try yourself first too.
4. Then, once the code is in, i’m pretty much only interested in the win%, max concurrent losses, max drawdown, gain/loss ratio and number of trades / day
5. Then move into test mode – backtesting, walk forward and also search forum for “VRT” testing.
That said, also good to try things out and find your own magic, maybe sharpe is it?! 👍
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