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Hi Gordon , You can backtest a system directly by running it on the realtime chart. pretzel

Hi ArchAngel It seems that all versions other than the original software from the MM site is based on Tim Kruzel's notes and may show incorrect charts sooner or later except for Trade Prospector. But TP is still not the "real" thing, how sure are you that it will show the correct lines...

wd78, This script produces the same lines as in your chart but dont know if it will still do for the the next frame. pretzel

From what I understand, the TS code I based it on (and based on Tim Kruzel's version) only calculates the lines and does not allow for the time component. The level values are correct but not the eights values. The lookback period of 64 days for the current script changes every bar (based on...

Here's the TS chart - showing the 0/8th's , setting (64,1.0,True,True.True. False)

And this is the QQQ chart from the WL site, which I think shows the same data as the TS chart. Or, do you have a different code? pretzel

Maybe the tradestation code I based it on has an error. The setting is (64.1.0.True,False,True,False) pretzel PS:- updated the chart is a newer post below

The script is based on the tradestation code. There are 2 main user inputs which may make the levels different - 1. include the high-low(wicks) in calculating the range or only the open-close (body) - default is body only 2. time frame lookback for calculating the hi-lo range - default is 64...

I'm using both WL and Ensign. It's easier to put indicators and alerts up in Ensign, but most can be done with WL WL is cheaper in the long run because there is no monthly fee. For scripting, WL is a lot easier than ESPL - so it's easier to implement auto-trading. Also, a lot of...

traderkay, You can get a script for a simple regression line trading system here . I only have 1200 bars of data so optimization takes only a few seconds. BTW, this script is a good demo of the powerful optimization feature in WLD2. Attached is the results for ES trades from...

The regression line is usually used as part of a trading system, not as a trading system in itself. I know some people use the change in direction as exit point, but other indicators for entry. There are a lot of scripts using the regression line on the WL website - just do a search for a...

I used Qcharts before but moved to eSignal for the EUREX data, but I have to use Ensign for charting. Some 3rd party software can only use eSignal as datafeed. I miss the candlestick charts which I can do for spreads with Qcharts. pretzel

stocon, The regression is a built-in function in Ensign. It's also available in Wealth-Lab. pretzel

stocon, Here is a 1-min ES chart based on the 25 period regression line. The bar colors are based on the direction of the regression line. A simple strategy is to base entry or exit points on the change in direction. pretzel

something like this? pretzel

Ok, the Scalper script is based on another LBR method called "short skirt" - which is traded on 1-min charts but is similar to the "holy grail". The script uses a 2.5x Keltner band as the basis for the swing high or low point from which to wait for the retracement. The "holy grail" is based...

I did a backtest of a "Holy Grail" based method a few months ago with WealthLab - profit ratio is more than 3.0. pretzel

should be a good day to start the system pretzel

The keyword is RELIABILITY. Check this out - www.aspenres.com plus comstock or reuters Also, there is a previous post on this topic - http://www.elitetrader.com/vb/showthread.php?s=&postid=35091#post35091 pretzel

How do you determine the percentage? Check out this article on volatility breakout systems. BTW, this is by one of the Market Wizards from the book which started you rolling. pretzel