Do you believe the retrace to the 20 ema with adx above 30 is a method one could make a living with?
http://www.nofearzone.com/Grail.asp
http://www.nofearzone.com/Grail.asp
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Is the Holy grail a viable method??
- Thread starter stocon
- Start date
I think it's one of the best ways of trading the trend. I used to
use the ADX all the time, but I've found some stochastic settings
that I really like and use now.
I posted a sample on this thread here---second post.
http://elitetrader.com/vb/showthread.php?s=&threadid=12028
As far as trading bounces off the 20 ma goes, I think it would
work if you stick with it. In other words, take every signal and
don't try to pick and choose which setups you want.
Hope this helps...
use the ADX all the time, but I've found some stochastic settings
that I really like and use now.
I posted a sample on this thread here---second post.
http://elitetrader.com/vb/showthread.php?s=&threadid=12028
As far as trading bounces off the 20 ma goes, I think it would
work if you stick with it. In other words, take every signal and
don't try to pick and choose which setups you want.
Hope this helps...
What's the green beaded line??
http://elitetrader.com/vb/attachment.php?s=&postid=172878
http://elitetrader.com/vb/attachment.php?s=&postid=172878
Quote from Breakout:
I think it's one of the best ways of trading the trend. I used to
use the ADX all the time, but I've found some stochastic settings
that I really like and use now.
I posted a sample on this thread here---second post.
http://elitetrader.com/vb/showthread.php?s=&threadid=12028
As far as trading bounces off the 20 ma goes, I think it would
work if you stick with it. In other words, take every signal and
don't try to pick and choose which setups you want.
Hope this helps...
Quote from stocon:
What's the green beaded line??
http://elitetrader.com/vb/attachment.php?s=&postid=172878
It's just a visual aid. When I see green beads, I know I'm 80 or
higher and when I see red beads I'm 20 or lower. I use Ensign
sofware. You can download a free trial here
and the H.G. pattern doesn't look very good. I tested it across CIEN, IBM, GE, AMZN, HAS and none of them performed well over 1000 day period.
I should point out that I didn't do the coding, I just had it laying around, so there might be some problems there.
Anyone else find especially good results with this pattern across several equities?
I should point out that I didn't do the coding, I just had it laying around, so there might be some problems there.
Anyone else find especially good results with this pattern across several equities?
and adjusted the ADX default from 14 to 30 and stuck a different (ATR based) exit on the same stocks. IBM performed very well over 500 and 1000 daily bars, but the other stocks didn't do very well.
Quote from Lightningsmurf:
and the H.G. pattern doesn't look very good. I tested it across CIEN, IBM, GE, AMZN, HAS and none of them performed well over 1000 day period.
I should point out that I didn't do the coding, I just had it laying around, so there might be some problems there.
Anyone else find especially good results with this pattern across several equities?
Yeah, not really surprised. The holy grail method isn't really an
objective method. That ADX can get tricky sometimes. But, I
think if you practice with it for a good while, and get familiar with
it's idiosyncrasies, it's a viable method.
It's kind of like trying to backtest stochastic divergences, it
would be very difficult, if not impossible. Since, no two divergences
look the same.