NON-INDICATOR (indicator-less) Trading

[jack hershey]

Quote from r-in:

Aren't the channel and moving average indicators? I think indicator less would be just bars, candles or line charts.

 

[Jahajee]

Quote from TraderZones:

Of course the lines are "useful." They are just indicators derived from price. Many indicators are based on price. Calling these non-indicators is untrue.

ok, remove the lines and trade with HHs and LLs
Are thes indicators also?

Well, then trade with O, H, L, C,

But... these are also derived from prices during the periodicity of a bar? well, let's trade ticks? no.. just Last price.... I give up.

 

[MarkBrown]

true indicator-less trading

advancing issues nyse, when on the top of the hour adv > 1850 (opto param yourself) be a buyer otherwise be a seller.

mb

ps don't even need a computer your very welcomed.

 

[Jahajee]

Quote from MarkBrown:

true indicator-less trading

advancing issues nyse, when on the top of the hour adv > 1850 (opto param yourself) be a buyer otherwise be a seller.

mb

ps don't even need a computer your very welcomed.

I will put up this on my screen tomorrow and see how it goes...

Only advancing issues? Not declining issues for sell?


Thanks.

 

[MarkBrown]

Quote from Jahajee:

I will put up this on my screen tomorrow and see how it goes...

Only advancing issues? Not declining issues for sell?


Thanks.

please search the internet for oddball trading system - and yes only the adv.

http://www.google.com/search?hl=en&q=oddball+trading+system&btnG=Search

 

[Jahajee]

Quote from MarkBrown:

please search the internet for oddball trading system - and yes only the adv.

http://www.google.com/search?hl=en&q=oddball+trading+system&btnG=Search

Mark Brown is very popular chap... I can't find the EL code!

Where can I get it?

 

[NeoRio1]

Two things-

First if you use those square like moving average lines than you will certainly lack the ability of getting a great price. You will still get a good price if the trend continues but if it doesn't than you could be in some trouble.

Secondly don't expect daily charts to look that perfect for trend trading. The successful trader is the one that can establish whether the price is trending or just moving sideways.

 

[omniscient]

Quote from Jahajee:

Mark Brown is very popular chap... I can't find the EL code!

Where can I get it?

i'm not a coder, but it looks like it may be in here somewhere.

hth

 

[MarkBrown]

input:test_level(1385);
{ Data1 = S&P 500 }
{ Data2 = NYSE Advancing Issues }
input:notbef(Sess1FirstBarTime),notaft(1505{Sess1EndTime});

{time filter to prevent entry on first or last bar on chart in session}

if t>=notbef and t<notaft then begin if c data2>test_level then buy this bar else sell short this bar;end;

{you may have to change the time settings for your time zone and optimize the test_level - also use a little known setting in ts called natural hour}

{code by markbrown dot com}

 

[ericadam]

any chance of the code in NT (ninjascript -- C# ))