"Give your system a KISS" by Mark Seleznov

Quote from wdbaker:



Bob111,
Coming soon to a forum near you, just got IB account set up, wired the money late friday, got e-sig downloaded today, probably sometime around the first of the month will go live. I know you don't think that I went out and learned code and worked on systems just to get brain damaged.

All in due time, my time not yours :D :D
wdbaker
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good!!!!! happy to hear it!
hope we see you at work soon! keep us posted!
and i will be more than happy to see you @ our forum!
Thank you!
 
Quote from rtstrading:

I tried this out in MS with a bunch of stocks and got poor results:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=10985&perpage=6&pagenumber=2
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i do not know, what it all about, but from programers view- i did not like a magic numbers-like 0.0954))))))
i do not believe, that you can build a good system without adding volatility of underlying. you have to figure out, when it work best and on which stock, then you have to figure out why. you need to adjust it for current situation, like now-if market going nowhere-tight you stops and maybe reduce money in play etc..
you not going to get a unversal tool for everything or every market condition
 
Hi,
Would you, please, post rules for this system in plain English ? I am sure I can improve it if I know those basic rules.
Thanks,
Walter
 
Quote from Walther:

Hi,
Would you, please, post rules for this system in plain English ? I am sure I can improve it if I know those basic rules.
Thanks,
Walter
More...

Walter,
Here are the rules:
Enter long C>(Ref(HHV(H,1),-1)*(1.005))
Close long C<(Ref(LLV(L,1),-1)*(1.005))
Enter short C<(Ref(LLV(L,1),-1)*(1.005))
Close short C>(Ref(HHV(H,1),-1)*(1.005))

interpretation of the first line:
Enter Long if the close of the current bar is greater than the high of the previous bar times 1.005

The rest are similar

Hope that helps
wdbaker
 
Quote from wdbaker:



Walter,
Here are the rules:
Enter long C>(Ref(HHV(H,1),-1)*(1.005))
Close long C<(Ref(LLV(L,1),-1)*(1.005))
Enter short C<(Ref(LLV(L,1),-1)*(1.005))
Close short C>(Ref(HHV(H,1),-1)*(1.005))

interpretation of the first line:
Enter Long if the close of the current bar is greater than the high of the previous bar times 1.005

The rest are similar

Hope that helps
wdbaker
More...

And for your tests you used 1 min bars, right? That's basically a breakout system, but you will have an additional commission induced drawdown which with 1 min bars might be quite sizable. Did you try other time frames?
 
Quote from wally_:



And for your tests you used 1 min bars, right? That's basically a breakout system, but you will have an additional commission induced drawdown which with 1 min bars might be quite sizable. Did you try other time frames?
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Test were done on hourly bars slippage & commissions of $30/rt were included.
 
I APOLOGIZE IN ADVANCE FOR THIS STUPID QUESTION........ could someone please explain to me in plain english the basis for closing a trade once it has been entered? thanks in advance
 
Quote from larrybf:

I APOLOGIZE IN ADVANCE FOR THIS STUPID QUESTION........ could someone please explain to me in plain english the basis for closing a trade once it has been entered? thanks in advance
More...

larrybf,
The way it was originally posted on the activetrader.com site and in the magazine it was always in the market, signal to sell was signal to short, signal to cover short is signal to buy.

I recoded it for myself to always take me out at end of day.
It could flip from buy to short throughout the day though.

wdbaker
 
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