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    Day-Trading 2.0 for small traders

    Nah. Say you're using a system that uses x constant volume bars. In a couple years, say the total daily volume on the instrument you trade doubles. Maybe not to compensate you have to use 2x constant volume bars to get the same signals you were getting before. I don't disagree with any of...
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    Day-Trading 2.0 for small traders

    That would actually be really useful for me. I'll have to see if I can come up with something like that for SierraChart. I've been experimenting with the Adaptive Moving Average (AMA) for similar purposes because during congestion it becomes flat. It's not perfect but it's definitely...
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    Day-Trading 2.0 for small traders

    Bill, I have no problem changing a system over time; in fact, I would almost expect that I would have to as markets change over the years. However all that would get taken care of after hours and concrete rules (whether existing or modified) would be in place when the market opens so that...
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    Day-Trading 2.0 for small traders

    Oh, well then what is meant when that (instead of "your") MA turns yellow? :D edit - you've got PM (unrelated to this thread)
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    Day-Trading 2.0 for small traders

    What do you mean "trading at the MA(240)"? At the MA when price hits it? On crossovers? Or just "in the same direction when the MA(240 and fast MA are going the same direction"? Also what does it mean when your MAs turn yellow for little bits here and there?
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    Best "Real Time" Equity Demo Platforms

    If you want to trade futures you can use openecry's demo for 2 weeks for free with realtime data and you can even use another better charting program like SierraChart (which also has a free trial period). If you want to trade Forex you can get a free lifetime demo account with oanda but...
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    Day-Trading 2.0 for small traders

    Where do I get that? Do I need to upgrade from v 308 or do I dl it from SC's forum? Makes sense to me. I assume 109 and 111 would work just as well. Oh that's why it asked me! That's pretty cool. I don't change studies often so I thought maybe the asking was just part of v 308...
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    Day-Trading 2.0 for small traders

    I think I got it set up correctly. I don't see any horizontal lines for highs and lows like you had on your chart. Did you photoshop those in later? They look about the same :) Did you pick 110 arbitrarily or is there some significance to it? I never understood tick/volume/range...
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    Day-Trading 2.0 for small traders

    240 WMA (slow) 21 HMA (fast) Go long when slow MA is up and fast MA turns up if HHHL (PBP) pattern is present. Ignore long entries if PBP pattern is not present (so you don't go long when fast MA turns up after a lower low, for example). Entry is opening of first bar after slope changes...
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    Day-Trading 2.0 for small traders

    My 100t chart for YM is a huge mess. Maybe it will look better tomorrow. Goodnight :D
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    Day-Trading 2.0 for small traders

    nkhoi, what is meant by the light blue, light purple, and blue arrows on the pics you posted? Also it looks like you are using the study "N bar highest high n bar lowest low." How did you get them labeled like that and what value for N do you use? Looks like a pretty high number since in...
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    Day-Trading 2.0 for small traders

    Bill, Thanks for the reply. In my backtesting with YM, setting scalping targets (2, 3, 4, 5, 6, and 10 ticks) yielded negative expectancy. The only way I got positive expectancy was to ride every PBP based wave until I got the signal to exit. Thanks for posting those. Let me study...
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    Day-Trading 2.0 for small traders

    edit - double post
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    Day-Trading 2.0 for small traders

    This pic addresses issues 1 and 2.5 above (I wasn't really serious on 2.5 since statistically it doesn't result in profitable trades... but sometimes it's hard to see a home run like that pass by :p ) And the text at the bottom of this pic addresses issue 2 above: The obvious...
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    Day-Trading 2.0 for small traders

    My main 2 issues with jjrvat's method are: 1. entering trades (read: getting trade signals) at the top (for longs) or bottom (for shorts). 2. letting winners turn into losers (ie. the fast MA doesn't give the exit signal until some huge bar in the opposite direction that puts you at a loss...
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    Day-Trading 2.0 for small traders

    So WMA for the slow and HMA for the fast? Just out of curiosity, do you always used fixed profit targets or do you ever let the market take you out based on some price/volume/indicator/etc.? Martingale? Yeah that sounds like Martingale to me. Please correct me if I'm wrong...
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    Were Mean Reversion traders down today?

    Are there indicators that give you this info or is it fundamental stuff?
  18. I

    Futures traders...

    Better and easier tax treatment. No PDT rule. No $25k minimum. No wash sale rule. All the cool kids are doing it.
  19. I

    Day-Trading 2.0 for small traders

    I'm assuming you mean either exponential MA or Simple MA. I don't have GBPJPY so I'm looking at this on 6B. Anyway, MA crossover systems are fantastic... until it gets choppy and then it's catastrophic loss :D Anyway what were your exit rules? A specific number of pips for or against...
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    Let's talk about McClellan Oscillator and Summation index

    So you're saying it would be more reliable on YM or NQ or ES or something over the long run than 6J?
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