gotta start somewhere
Finally a Winning Intraday System
- Thread starter wdbaker
- Start date
By the way, for those of you who think that I am being selfish, I did post a system that was strictly for the es 5min on a thread called "This might be Stupid???"
http://www.elitetrader.com/vb/showthread.php?s=&threadid=9104
the system did pretty well and I gave the code freely, although the first code that I posted was messed up so you might want to look on post 5 page 5, someone else tried to translate into easy language on post 6 page 5, not sure if it worked.
I gave up on this one because it could not be easily moved to different stocks and futures, probably needs to be optimized.
wdbaker
http://www.elitetrader.com/vb/showthread.php?s=&threadid=9104
the system did pretty well and I gave the code freely, although the first code that I posted was messed up so you might want to look on post 5 page 5, someone else tried to translate into easy language on post 6 page 5, not sure if it worked.
I gave up on this one because it could not be easily moved to different stocks and futures, probably needs to be optimized.
wdbaker
In this case I would just like to let you know that your results are by far not realistic. I don't know your strategy but I'm sure you are using some sort of trailing stop and some level of profit target. The problem is that when you are not backtesting a system in tickdata the signals are not generated where they would have really happened. And I believe that you are also using a moving average with your strategy and moving averages have a totally different effect when you test them with tickdata compared with 5min bar charts.
I'm not saying your method is bad, I'm just saying that you should do some testing with tickdata.
Alain,
No trailing stop and no profit target, it enters and exits on the close, yes it does use one moving average based on the close of the the 5min bars. My guess is that I wouldn't be adversely affected since there are no decisions made within a bar or based on other time frames.
your thoughts on this
wdbaker
never hurts to ask. everybody should go a little easier on you (not necessarily give you $ though), as you have mentioned you are not yet a trader. perhaps you aren't familiar with how to start up, have contacts, etc. baker is just trying to start like the rest of us did at one time or another. good luck.