AHG - Profitable Strategy for Struggling Traders

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Gentlemen,
Please understand that I am not unwilling to give you any and all of what I have/use for trading. I have received over 60 PM's all asking for the .dll/API I use for auto trading and some of you have made snide remarks regarding my reluctance to "give it up" as one person put it.

First off as I said earlier today, I did not do any of the auto programming. mjh did it and gave it to me after mentoring me for months. He asked me to not disclose it to anyone unless I had asked him first about it. So if he answers one of several e-mails I have sent him and consents--it's all yours believe me. Im just honoring a promise I made to someone who took the time to bail me out when I was so down on my luck I can't even begin to tell you. He (mjh) also did it without asking for a single dime. I didn't even ask him to help me, he offered after he found out I was struggling.

Secondly, after repeated attempts to pay him something etc., he only asked that I try to help someone in the future etc. I do not feel in any way qualified to do that as much as some of the other guys like Anek and JJam and Austin etc., but I do know what I use (even before I started auto-trading) works. It's simple, it fits my trading persona, and it won't kill me if I miss. I have posted it here today (paintbars etc.) and thats all it is. Simple, uncomplicated, profitable.

So, if mjh answers his e-mails I have sent ( I have not heard from him in over 5 weeks) and gives me his blessing I will share all of it with you guys. Until then I will try to help in any other way I can.

I think this Journal that Anek started and everyone else contributes to is a much needed fresh breath for ETand also believe this is how we will all prosper mentally as well as monetarily.

Good Trading and sorry for the long winded diatribe.

--GT


I also watch the tape ( raw data time and sales) like a hawk until my eyes wanna fall out sometimes but now I can almost hear my CPU picking up speed when the volume starts to move so I am getting better at it. That helps me with the bigger momo moves.
 
Quote from Anekdoten:


Keep the spirit of sharing, Karma is a powerful thing, I promise you, the more I share the more good things I find around the corner. Not only in trading but in life itself. I am at the pinnacle of my life as it is now and I'm sure there are more good things to come as long as I keep walking this path which I recommend with all my heart.

Thanks.

Anek
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I fully agree with this statement. It applies to everything else in life as well.

Anyway, I'd like to thank you again for being so generous with your ideas on this thread.

I've managed to incorporate many of your ideas into my own trading over the last few weeks and it's worked wonders on trending days (I trade equities mostly and the AHG-inspired adding technique raked in a nice profit on that breakout into a 15-cent move on GE Friday afternoon... and the smaller position exposure to losing trades and tight stops kept my losses tiny despite the chop earlier in the afternoon. One more reason why I always believed in "small gains, small losses, occasional large gains" with strict stops).
 
thanks a lot gohsttrader for sharing. I personally would like to do it on my own in ninja as I am too vested to learn wealthlabs.

Could you please share your method from the point of view of targets and exits once you enter. I am more interested in the stop losses , trailing stops etc.

Unfortunately Ninja 6.0 does not have rangebars (yet). Version 6.5 beta out in a few weeks does. So this gives me some time to learn strategy coding.
cheers

SS
 
Hi all,

Great thread. It's a big help in removing the clutter in one's trading process that accumulates over time.

Just wondering if anyone has the s/r and paintbar indicators in ELS format instead of ELD.

Cheers

wiz
 
I have very limited experience with SMI but I recall a time when my friend MJH sent me the function and ELD for evaluation.

This should help those wanting to automatize the system so kindly described by gohstrader for Tradestation and/or backtest ideas to polish it.

If you find it useful please report any progress findings otherwise we go back to step 0 and only a certain few gain from it.

Hope it helps.

Anek
 

Attachments

And for those just wanting the code....

SMI Function

{Type : Function, Name : SMI}

input:
length1(NumericSimple),
length2(NumericSimple),
length3(NumericSimple);

var:
HH(0),
LL(0);

HH = Highest(H,length1);
LL = Lowest (L,length1);

SMI = 100 * (XAverage(XAverage(C-(0.5*(HH+LL)),length2),length3) /
(0.5 * XAverage(XAverage(HH-LL,length2),length3)));
 
SMI Indicator once you got the function

Input:Length1(13),Length2(25),Length3(2),AlertLevel(40),
UpColor(green), DwnColor(magenta);

Value1 = SMI(length1,length2,length3);
plot1( Value1, "SMI" );
plot2( AlertLevel, "Sell line" );
plot3(-AlertLevel, "Buy line" );
plot4(0, "Zero");

if plot1 crosses above -AlertLevel then
alert("SMI crosses above buy line");

if plot1 crosses below AlertLevel then
alert("SMI crosses below sell line");

If value1>value1[1] then begin
plot1[1](value1[1],"SMI",upcolor);
plot1(value1,"SMI",upcolor);
end else begin
plot1[1](value1[1],"SMI",dwncolor);
plot1(value1,"SMI",dwncolor);
end;
 
Hi Anek:

Welcome back. I guess you missed my earlier question. Would you please comment on why do you consider the closing of the bar an important confirmation point? Thanks.
Quote from Anekdoten:

I have very limited experience with SMI but I recall a time when my friend MJH sent me the function and ELD for evaluation.

This should help those wanting to automatize the system so kindly described by gohstrader for Tradestation and/or backtest ideas to polish it.

If you find it useful please report any progress findings otherwise we go back to step 0 and only a certain few gain from it.

Hope it helps.

Anek
More...
 
Quote from cnms2:

Hi Anek:

Welcome back. I guess you missed my earlier question. Would you please comment on why do you consider the closing of the bar an important confirmation point? Thanks.
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Cnms2,

Certainly.

We all use different chart frames. Some ticks, some volume, some time and within those frames subframes and preferences therefore the close itself is irrelevant to the next guy. Now, we must stop at some frame of reference at some point otherwise we have no reference to evaluate and the close is precisely when I stop to evaluate what really matters, the high and the low of whatever reference point I decided to use for that particular instrument, trade etc.

Anek
 
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