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Here is another pattern/intraday noise/trendline/S/R price action system i created which also breaks down prior to 2007. It has no correlation to previous system and it was designed for the highly efficient ES market (i don't ever intend to trade it on anything but the most efficient...

Thanks for the reply. My only issue with this kind of trading is that you only know who is in control on trend days and even then you don't know when a trend reversal is taking place. Also, i don't believe most active players even care about the intraday price as they view most of it as...

Only limit orders used. However, i did GMST tests and still works well. Software i use is Multicharts and Esignal. I think Multicharts is excellent software for anyone out there interested in the automated game. So are we in agreement that maybe post 2007 we had a regime shift in the...

Agreed on all points. However, i do find with most my other strats which do not really need charts to execute tend to have high very high degree of correlation between NQ-QQQ and ES-SPY. Hence, i tend to test any strat on the extended period from 1997-2007 (data which i do not have for futures)...

I always thought price action was trading non indicator based and using H/L/O/C data or any S/R, Trend-line, Pattern or candlestick etc data on any time frame or bar. Okay now i understand what you are saying but can you tell me how do you quantify whether bulls/bears are in charge? Is this...

Okay i don't want to argue whether markets are random or not at this timeframe as you most likely are correct. However, can you explain to me then how something (which is not indicator based and not found machine based by selecting best rule out of 1000s of rules) not only show positive...

Yes i just checked - it was set as commission per trade and not per contract. Also, i don;t know what you expecting for very short term intraday system working of 1min chart. Also, that is 7 ticks and there should technically be no slippage or negligible especially on 1 contract on NQ. For...

QQQ 1997 - 2013 :D

It is a method i used in my discretionary trading for years but was never successful with because i cannot trade to the plan or keep emotions under check. Hence, the reason why i am only using 100% automation now. It is too good to be true hence why it breaks down pre 2007. Here is same...

Same strat i quickly just tested against some futures markets (even though strat was strictly designed based on my discretionary trading for NQ) same period 2007 to 2013:

Gmst here is the strategy i am working on now. Its now live but it works on trading intraday noise - again this one also breaks down on cash market prior to 2007. Not traded any of price action strats as i don't have faith in them. Anyway have a look at some of the screenshots: 1st on...

Yes, not as well as it does on futures markets because again there are small difference and if your trading noise or patterns then things will be slightly different on both markets. For example for the one strat i am getting PF of 1.97 on ES from 2007 - 2013 with > 1000 trades. On SPY same...

I have 3 types of these price action/pattern rec strats developed for use on ES,YM and NQ and they all have same problem of breaking down in the equity cash markets SPY.QQQ. The only time of day i use is that they usually trades can only take place after the first 15mins of the day. Apart...

Thanks for replies guys, yes i have many strats developed which will will trades both long and short and i try to even these out with RTM and trend. I don't play a theme to the market and have starts where some might be breakeven for the month and other will be doing well and so forth. This...

No indicators were used. Yes somewhat i am trading patterns in these strats - nothing like head and shoulder, wedges and so forth like any books states. The price action i am talking about is recurring themes to the fractal nature of the markets, or patterns which take advantage of the...

No, i usually use 3 random years from 2007 to 2013 as in sample and then the other 3 years as out of sample for futures market strategy development (as my esignal data only feeds me 6 and half years worth of emini 1min data). Then i usually test any strat developed across its equivalent cash...

I have noticed one thing when developing strats is that intraday price action strategies (ones which look for recurring themes in the data e.g. 1min chart), these strats can perform excellently with very little draw-down (sometime less than 1.5%) but yet they always seem to breakdown. I only...

Moreover, would you then devise and separate strategies based on particular sectors e.g. i have a strategy which performs really good on banking stocks and not so good on tech. Would this be simply curve fitting or is this the way we should devise strategies??

When i am testing strategies now i am finding some great opportunities for the ES/YM/NQ - the strategies i test work across the board on these 3 markets (which should be expected). However, i find from years of trading these markets discretionary based that they all behave differently...

Thanks. Same here. However, if you were to hypothetically take the strat 'live' then surely you would have to compound your returns. So for somebody who is only using automated trading what do you guys do. When i go live i will be compounding profits, hence should i also be doing this in...