30 minute bar trading using Grob/Hershey method

Quote from nzbryant:

Chicken - your trailing stops dont look right still. Can you please post the Tradestation code you are using?
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There are no trailing stops on level 1 .

from jack hershey
1. set up a 30 bar display for a futures index.
2. enter on the breakout beyond (above or below) the prior days last bar
hi/lo.
3. hold until the current bar breaks out of the other end (from your long or
short entry) of the prior bar.
4. hold on inside bars.
5. hold on successive bar break outs in the same trend.
6. on breakout of 3., reverse so you can take on new trend trade.
7. repeat 3. through 6. for remaining bars of the day.
8. settle at end of day.
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Tradestation code
if T =1515 or t < 1500 then begin;
buy next bar at h of data2 + .25 stop;
sell short next bar at l of data2- .25 stop;
end;

if t = 1515 then begin;
buy to cover this bar at close;
sell this bar at close;
end;
if t > 1500 and t < 1515 then begin;
buy to cover next bar at h of data2 + .25 stop;
sell next bar at l of data2 - .25 stop;
end;

Today it lost $30
 

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I dont know anything about backtesting and I dont know anything about this system but just eyeballing the chart and the rules it looks to me like on an ES chart you were down about 8 pts. through bar four but dont you reverse long as the top of bar four is taken out by bar five which ended up netting about 4 pts as the rest of the bars are either inside bars or extensions?
 
Quote from makosgu:

First failure and common amongst the majority of backtesters. Yourself included it is turning out... T=1515??? Clearly you miss the significance of fed meetings and pace.... The market was "NO PACE" from 2:10 EST forward... Rewind the tape and look. Why is it "NO PACE"... Who cares you may think!!! Is there a correlation between "PACE" and a fed meeting. THINK!!!!!!!!! THIS IS PAINFUL!

Second failure, irreverance for volatility. ES vs YM??? Which is more volatile....THINK!!!!!!!!! THIS IS PAINFUL!

So what would you refine in your above assuming I don't know what I'm talking about for the time being???
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This is not the code for testing the MAK variation.

YM vs ES

from jack hershey
By choosing a futures index of any sort on any exchange in the world, you
have put yourself, for 6 1/2 hours a day in a place that is truly dull and
unexciting. Being there is fairly safe and not too demanding so you can
relax and repeat a few tasks over and over to make some money.
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Sorry, but I dont read anywhere that jack said it was only to be used on the YM.

As to preceding conditions, none of those were mentioned by jack
I tested his rules as he posted them.
If you MAK can make money with this set of rules, that is a marvelous thing. Good luck with it.
 
Quote from easyrider:

I dont know anything about backtesting and I dont know anything about this system but just eyeballing the chart and the rules it looks to me like on an ES chart you were down about 8 pts. through bar four but dont you reverse long as the top of bar four is taken out by bar five which ended up netting about 4 pts as the rest of the bars are either inside bars or extensions?
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An inside bar is inside relative to the previous bar, not to the largest bar in the "vicinity". Here are the trades

835 S 1221.00
930 L 1222.00 -50
1005 S 1217.50 -225
1045 L 1220.00 -125
1135 S 1222.50 125
1205 L 1224.50 -100
1515 out 1231.75 362.50
Net -12.50 b 4 commission
 
chicken, with iteration 1 on the es today you should have been +3.5 pts before slippage and commission.


hmmm i see you start and end your day 8.35-3.15

that may explain it.

9:30-4pm est got you 3.5 pts.
 
Quote from Chicken Little:

An inside bar is inside relative to the previous bar, not to the largest bar in the "vicinity".
Here are the trades
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Where do you see that qualification?
 
Quote from Dantheman:

chicken, with iteration 1 on the es today you should have been +3.5 pts before slippage and commission.


hmmm i see you start and end your day 8.35-3.15

that may explain it.

9:30-4pm est got you 3.5 pts.
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tradestation "time" is at the end of the bar, so on 5 minute bars the first bar from the open is timed "835". This is exchange time, CST.
I believe jack said it was ok to skip the first bar if one wanted to, but I included a trade from the open at 830 cst and hold/reverse till close at 1515.
 
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