Opening Range Breakout , Crabel method

Quote from intradaybill:

No, you are mistaken. Backtesting is not used to find trading systems. It is used to reject trading systems. If you do not understand the difference you are in great danger. If you were told otherwise and you paid money for the advice, you should ask your money back.

Only your mind can find a trading system. Backtesting may or may nor reject it. If it is not rejected, it may or may not make money. If it does not make money, you should blame your mind, not backtesting.

This is the story.
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+1

:cool:
 
Quote from ArbitRAGE:

Have any of you guys backtested this strategy? I intend to do so soon and would like to hear your results.
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Go search through the ACD thread and you will get some better specifics. OR size relative to volatility makes a huge difference here. I have done some work in this area and have found Mark Fisher's work to be really helpful.
 
Quote from pwrtrdr:

Anyone look into Crabels time in the market when he made huge money on opening ranges, it was a long while ago and I think it was sort of like market timing in "funds"= free money amost


He is managing big sums of money now and I would bet his strats take on very comlex measures other than opening range ?

ANyone ?
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I haven't checked in a long time but Crabel's results over many years after he became a money manager were mediocre at best with returns in the 4% to 5% range. As for opening range breakouts, it was a 80s and 90s thing and then went caput because too many jumped on the bandwagon.
 
Quote from ArbitRAGE:

Have any of you guys backtested this strategy? I intend to do so soon and would like to hear your results.
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I remember testing it about 10 years ago....it consistently showed 60-65% winners. I think I used a chandlier exit signal to close the position.
 
Quote from KBaines:

I haven't checked in a long time but Crabel's results over many years after he became a money manager were mediocre at best with returns in the 4% to 5% range. As for opening range breakouts, it was a 80s and 90s thing and then went caput because too many jumped on the bandwagon.
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Heard this as well, nobody wants t otalk about these fact, just talk about could have should have maybe
 
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Do any versions work with Interactive Brokers real time ?
How about the IB Historical data for back testing ?
If not, then when ?
I believe realtime was promised....like 2 years ago ?
 
Thanks, Mr. Murray for the nice and interesting offer. :)

Quote from Gyles:
Are you going to testing artificial day session in some markets and see if they can be used to trade using opening range breakout ?
For example use old pit times to make artificial session for new electronic markets only.
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Quote from Murray Ruggiero:
Yes, I have not decided which market to do yet.
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Please, let us know what you think? Thanks. :)
 
Quote from syswizard:

Do any versions work with Interactive Brokers real time ?
How about the IB Historical data for back testing ?
If not, then when ?
I believe realtime was promised....like 2 years ago ?
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Not yet, I have been really busy with my money management business and real time fell behind. Currently multicore and real time are progressing well and should be in public beta by spring.

I spent months adding new features to TradersStudio Pro I needed for my money management systems and not worrying about getting real time done. Sorry about that.

The systems I developed are currently trading 100 million dollars with Tuttle Wealth Management. Also I have a futures fund and will will be trading by spring.
 
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