FREE ES Trading Strategy that works

I just wanted to post a quick update, as I've gotten some PM's over the past few years with the most common question being: Have the parameters changed?

I think the only change is that I moved to a 2000 Tick chart when the exchanges changed their reporting process to give us more ticks. I believe that was a year or so ago. Also the chart is using Ninja.

The chart looks a little different as I put the times at pst, black line is a 34 ema, and the blue is a Keltner 3 std dev band off of a 34ma. I just have these on the chart to give me a feel for the market, not to trigger a trade.

If you're reading this for the first time, please start with the first 5 pages of the thread as I think that has all of the info you might need.

I don't check back here much, so responses could be delayed a bit.

Take care :)
 

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I coded a system almost identical to this one as my first one back when I was using NinjaTrader. It didn't work on backtesting. What it needs is additional info, such as trend channels, detecting higher lows, lower highs, and lots of other info. In the end, it was simpler to not really use it. I can see how it can be useful in a live trading environment though, when a trader observes the market and gets a feel for it. It allows you to focus on other things than just precise entry/exit points, and that helps. However, this is subjective and there are no strict rules on "feeling the market" so this system is not for automation. It only works for the people with the right mindset, and even then it's just a psychological support more than a quantitative/statistical support. Not to mention importance of money management.
 
I've gotten numerous PM's about this thread and don't really come to this forum much, so here's a quick review.

Am I still using it? Yes, with adjustments. What are the parameters? See attachment.

The average trading range for the es has been running in the upper 20 handles/day vs a "normal" 12-20 handles, so the signals are paying off quite nicely in relatively short periods of time.

I sent this attachment to a friend last week and will happily share it.

Best to you!
ES Day Trading 01_14_15.jpg
ES Day Trading 01_14_15.jpg
 
This guy uses a similar strategy with just MA's. alot is missing from his strat
 

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  • 2018-07-22_12-00.jpg
    2018-07-22_12-00.jpg
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