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Random Value for Each Trading Bar

by QuantShare, 2410 days ago
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The built-in "random" QuantShare function returns a random value given a min and max interval. The random number is the same for all bars. It will be no lower than "min" and no higher than "max".

The current "RandomValues" function is almost the same but instead of assigning the same random value to all bars; each trading bar gets a different random number. Each bar's value will also be within [min, max] interval.

This trading indicator can have several usages. It could be used for example in backtesting to test the robustness of a trading system by rejecting random trades.

Example:

buy = [your buy rule];
buy = buy and RandomValues(0, 100) > 50;

// The above rule will reject half buy signals randomly. Each backtest will give us a different result.

You can also add a dummy optimizable variable and use the optimizer to test multiple times the same trading system (each time with a different set of random values)

Example:
Optimize("a", 1, 20, 1);


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Type: Trading Indicator

Object ID: 1281


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Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.