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ES Reversal Method
- Thread starter no_pm_please
- Start date
Quote from DblArrow:
Obviously not a man of your word.
Your rightoues indignation and attitude are a total drag. Thanks for keeping us all safe from ourselves.
And in reality it is the way to develop a system. Start with an idea test some stuff trade some stuff change some stuff.
Make 'em pretty, Chris
I'm surprised you take such an aggressive/childish attitude to someone whose words are backed up by statistics. Especially seeing as they will save you money.
What do you make of the logic of what he's saying? Or is your skin too thin/ head to thick to contribute something useful?
AM
I haven't tried. But the default CCIAvg indicator in TS8.1 is similar to your second version. If I open the code for CCIAvg indicator the following is the code.
inputs:
CCILength( 14 ),
CCIAvgLength( 9 ),
OverSold( -100 ),
OverBought( 100 ) ;
variables:
CCIValue( 0 ),
CCIAvg( 0 ) ;
CCIValue = CCI( CCILength ) ;
CCIAvg = Average( CCIValue, CCIAvgLength ) ;
Plot1( CCIValue, "CCI" ) ;
Plot2( CCIAvg, "CCIAvg" ) ;
Plot3( OverBought, "OverBot" ) ;
Plot4( OverSold, "OverSld" ) ;
{ Alert criteria }
if CCIAvg crosses over OverSold then
Alert( "Indicator exiting oversold zone" )
else if CCIAvg crosses under OverBought then
Alert( "Indicator exiting overbought zone" ) ;
inputs:
CCILength( 14 ),
CCIAvgLength( 9 ),
OverSold( -100 ),
OverBought( 100 ) ;
variables:
CCIValue( 0 ),
CCIAvg( 0 ) ;
CCIValue = CCI( CCILength ) ;
CCIAvg = Average( CCIValue, CCIAvgLength ) ;
Plot1( CCIValue, "CCI" ) ;
Plot2( CCIAvg, "CCIAvg" ) ;
Plot3( OverBought, "OverBot" ) ;
Plot4( OverSold, "OverSld" ) ;
{ Alert criteria }
if CCIAvg crosses over OverSold then
Alert( "Indicator exiting oversold zone" )
else if CCIAvg crosses under OverBought then
Alert( "Indicator exiting overbought zone" ) ;
Quote from jerryz:
ww_nyc, when you use the two versions of my code in TS 8.1, do you get matching indicators?
In TS8.1, your two version of indicators exactly the same chart and value. But gives the wrong Average.
But if I do the following:
vars: value1 (0,data2);
value1 = cci(20) of data2;
Plot1(value1,"CCI",red);
Plot2(average(value1,10),"CCIAvg",green);
Then the Average become correct. If you don't add the first line, the 30Min CCI Average will be the Averge of the 30 min CCI values at every 5 minute intervals (which many are constant for 30 minutes).
But if I do the following:
vars: value1 (0,data2);
value1 = cci(20) of data2;
Plot1(value1,"CCI",red);
Plot2(average(value1,10),"CCIAvg",green);
Then the Average become correct. If you don't add the first line, the 30Min CCI Average will be the Averge of the 30 min CCI values at every 5 minute intervals (which many are constant for 30 minutes).
Quote from jerryz:
would you mind trying? it should only take a minute. if the two match TS8.1 then there is definitely a bug in TS2000i.
Quote from alpha_monkey:
I'm surprised you take such an aggressive/childish attitude to someone whose words are backed up by statistics. Especially seeing as they will save you money.
What do you make of the logic of what he's saying? Or is your skin too thin/ head to thick to contribute something useful?
AM
I don't want to get in a pissing match here - npp's threads usually offer some good insight and ideas worth looking into.
That being said - the man made a statement then turned around and went against that statement. Then, as I saw it, went on to state how this idea won't and can't work, and made absolute statements that I do not believe are fully accurate. NPP presented and idea and this guy preceded to try to protect us all from something that can't work. It is not anyone elses responsibility to protect me from loosing money. Sure this idea needs looking at and testing, but nothing in this business is absolute - if it was the % of winners and loosers would be skewed a little differently.
You didn't like the way I came across, I didn't like the way he came across - guess that's makes a market.
In reality I happen to agree with some of the insight he gave - just not the method in which he gave and the attitude of being the great protector.
Chris
NPP has a great track record on here. I expect that with the help of the community, he will develop another strong trading method.
I have never been a big fan of mechanical back-testing. I think there is an element of "feel" to any method before it becomes successful. I appreciate the backtesting though.
Hope this continues in a positive direction as the last journal by NPP.
Those of you backtesting....please let us know any tweeks that will increase the probability.
I have never been a big fan of mechanical back-testing. I think there is an element of "feel" to any method before it becomes successful. I appreciate the backtesting though.
Hope this continues in a positive direction as the last journal by NPP.
Those of you backtesting....please let us know any tweeks that will increase the probability.
Quote from alpha_monkey:
I'm surprised you take such an aggressive/childish attitude to someone whose words are backed up by statistics. Especially seeing as they will save you money.
What do you make of the logic of what he's saying? Or is your skin too thin/ head to thick to contribute something useful?
AM
Monkey, you don't have to resort to being abusive. You don't
even know if Mechanical dude has his stuff coded right.
And mechanical dude himself says he has lost 100's of thousands
of dollars. Maybe he backtests too much... like most users of TS do.
Plus mechanical dude has an attitude that kind of stinks up the place.
ET doesn't need a cop. There are no children here to protect.
version,
...And mechanical dude himself says he has lost 100's of thousands
of dollars. Maybe he backtests too much... like most users of TS do...
You have to read, I said I lost cause i did NOT backtest before...and followed any stupid ideas and opinions about Mr. Market....
...And mechanical dude himself says he has lost 100's of thousands
of dollars. Maybe he backtests too much... like most users of TS do...
You have to read, I said I lost cause i did NOT backtest before...and followed any stupid ideas and opinions about Mr. Market....