CL Redux

Quote from bearmountain:

How is Robo-NoD working out for you? Do you let it run all day and also trade yourself manually.

This is the 3rd week of testing. Week 1 was a very rudimentary program, week 2 was with added criteria and working out bugs, this week's looking pretty clean in terms of not many bugs, taking correct entries, and order execution, so will likely start live testing next week.
 
Quote from schizo:

IB does take STOP orders in AH hours. I use it all the time. You need to go into Global Settings (Configure --> Global --> Presets) and check the box that reads "Allow orders to be activated, or filled outside of RTH".

::Edit::

I guess NoD beat me to it. :)

Yep, that's it
 

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Quote from NoDoji:

This is the 3rd week of testing. Week 1 was a very rudimentary program, week 2 was with added criteria and working out bugs, this week's looking pretty clean in terms of not many bugs, taking correct entries, and order execution, so will likely start live testing next week.

That's great good to hear. So you are saying price action strategies, al brooks type ideas are programable. did you get a chance to backtest them or just based on your trading experience? thanks.
 
Quote from Picaso:

Yep, that's it

Thank you ALL for your quick responses.

Mr. P , I like The tagline on your IB station screen shot it is way cool . I think every trader should have this "tag line" as a big desktop Screen Saver

"Profits come from luck - Small losses come from Skill "
 
Quote from InvestVision:

Thank you ALL for your quick responses.

Mr. P , I like The tagline on your IB station screen shot it is way cool . I think every trader should have this as a big desktop Screen Saver

"Profits come from luck - Small losses come from Skill "

Thanks IV, lately I've been very "skillful" :D :p
 
Quote from bearmountain:

That's great good to hear. So you are saying price action strategies, al brooks type ideas are programable. did you get a chance to backtest them or just based on your trading experience? thanks.

This ATS is so incredibly simple, no indicators, no trend identification (because we all know that CL can completely retrace an entire trend in about 15 minutes when it's in the mood), no time exclusions for news reports (at this point), no volume criteria, no 20-bar MA, just pure bar-by-bar price action trading. It works based on having a statistical edge, solid risk management (small stops) and trading all valid signals, so the edge puts net profitability in its favor.
 
what kind of pattern is this? A rising wedge? If it is isn't that usually bearish? I'm not trying to sell people on a bearish position I'm just bored and staring at charts.
 

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Quote from riskaddict:

what kind of pattern is this? A rising wedge? If it is isn't that usually bearish? I'm not trying to sell people on a bearish position I'm just bored and staring at charts.

I think the formation is usually more vertical than the one you have tried to display.
 
Quote from riskaddict:

what kind of pattern is this? A rising wedge? If it is isn't that usually bearish? I'm not trying to sell people on a bearish position I'm just bored and staring at charts.

it is an ascending triangle which is bullish
 
Quote from EON Kid:

it is an ascending triangle which is bullish

While that might be true according to a textbook definition, ascending triangles have high failure rates (or so I'm told). On that note, I find it more profitable to enter short when the damn thing breaks down.
 
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