30 min' bar trade - ActiveTrader ?

[wally_]

Quote from inandlong:

andy,
The market goes up, it goes down, and it goes sideways. We all know it is the chop that kills you. And if it is true, that the market only trends about 1/3 of the time, then 2/3's of the time is spent in chop.

Yes, but a chop in one timeframe can look like a trend in another. It's good to look at more than one time frame if you want to have more profitable trade setups of the same kind.

 

[stocon]

Quote from rtstrading:

Here are some test results from Metastock on 10 random OTC stocks.

Rt ,
the hit rate is so bad that one might be interested in developing a system to fade it. Do you get a chart with signals on it when you test? If so, could you post a couple? thx Steve

 

[inandlong]

Agreed wally.

 

[balda]

Can anybody code this for TS 2000

Thank you,

Alex

 

[rtstrading]

Here is a chart of the signals for MSFT.

It would be of no value to try the current system as devised on 10 minute data, since the factor of 1/2 % would need to be changed to work with the smaller moves in the 10 minute data vs. 30 minute data.

As mentioned this is a trend following system and when the prices chop, it does poorly.

 

[andy4]

Thanks for your time and trouble

43 systems down maybe the next one will be the one

No just kidding, though really, thank you all for your replies.

Andy