Trading the equity curve
I have a strategy that is prone to going on both winning and losing streaks, so one suggestion would be to trade the equity curve as a filter on the strategy.
What do I mean by that? The strategy would switch itself off when the equity curve broke a prior spike low and only start trading live again when the unfiltered equity curve broke back above a prior spike high. In this way, hopefully I can filter out a lot of the down snakes and keep most of the ladders.
I am wondering the best way to achieve this i.e. have a strategy paper trade in parallel 100% of the time and only trade via the live broker when it is switched on.
I guess what I want to do is be able to run using two broker instances in parallel?
Suggestions as to the best way to structure this are welcome.