AHG - Profitable Strategy for Struggling Traders

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Merry Christmas Everyone,

Market e Motion. JDConner, yes Proximo has this the way I use it. This DYO study is versatile in Ensign. You can use Day Session or include overnight. Also, you can use fib. ratios in place of the 25% lines and, come up with whatever colors work for you.

May all enjoy this holiday season. A friend of mine recently said "A happy life is just a string of happy moments. But most people don't allow the happy moment because they're so busy trying to get a happy life."

Wishing all the happiest of holidays and a successful 2008.

Shel
 

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Quote from Anekdoten:

I trade afterhours and on volatile less liquid days but I definitely do not suggest non seasoned traders to do it.

Let's face it some of us are just in a different level due to screen time.

Anek
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That's true. Definately screen time experience and comfort level with the conditions are a part of it.

Happy holidays everyone. Hope you all got the presents you wanted!
 
It's Christmas and I'm bored, so I'm staring at some charts. How sad.

Anyway on the attached chart if you bought where the circle is would you have been stopped out before the real move began?
(I think the trendline break may have stopped me out if I was in the trade, but I'm just practicing right now)

If so where would you re-enter?

If not where would your initial stop have been placed?
 

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I would have place my stop below the uptrend line of the triangle around 46.50. I would have added on or reentered around 2150 with that little pullback and piscuy entry just past 12:40. My two cents.
 
Quote from einstein:

I would have place my stop below the uptrend line of the triangle around 46.50. I would have added on or reentered around 2150 with that little pullback and piscuy entry just past 12:40. My two cents.
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That all makes sense looking at the chart. Hopefully that is also what I would have done. I'm just trying to make sure I'm on the right track. Thanks for the feedback.
 
Quote from einstein:

I would have place my stop below the uptrend line of the triangle around 46.50. I would have added on or reentered around 2150 with that little pullback and piscuy entry just past 12:40. My two cents.
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Good analysis E.

Anek
 
I'm trying out some backtesting strategies in this thread with NT and OpenTick and was wondering if anyone else is using this combination to backtest also? The strategies seem to be profitable depending on the settings but the problem I'm having is that I can seem to only get about 7 days of tick data and I'd like to run it on more historical tick data to get a better feel of the drawdowns, profit factor, num. trades, etc.

I'm not sure if it's OpenTick or NinjaTrader that is the problem -- although it seems like it's an OpenTick data issue however wanted to be sure. After about 7 days of tick info it seems to only give daily OHLC which is no good for running the backtests. The reason this is wierd is because when I look at this posting on the OpenTick forums (http://www.opentick.com/forum/viewtopic.php?t=37) it says: "Historical tick data from these exchanges for all stocks, futures, and options via API from its proprietary database, containing up to five years of historical tick data, is provided through otFeed." So maybe it could be a restriction in NinjaTrader instead?

Also, although I don't have TradeStation I see on their site that they only retain 6 months of tick data. When backtesting with TradeStation can you backtest on tick data or only minute data? I thought I had read somewhere that TS only allowed BT on minute data?

If OpenTick is the problem, then is there any other historical tick data source besides backfilling through TradeStation that I could use to run NT backtest strategies on that contain more than 6 months of data?

Thanks for any help!
 
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