profitseer's time tested e mini system
- Thread starter profitseer
- Start date
Well okay sunnyskies... even though I haven't an idea about your specifics for a system that works, here is a concept that works. How you manage the trade is up to you, although I have "specifics" that I have developed.
And of course it is simple. But first, some basic philosophy of my trading. Sigh! I want to ride the wave of money flowing into a stock. I don't need to be first in line. I don't want to trade counter-trend. I want to trade using a signal that the masses use so when I am getting in, they are getting in too, in the same direction. And I want my entry point to be objective so I know I'm right or wrong. Got it?
Now here it is 'skies - two lines.... a line chart of the stock, and a 40 day simple moving average. I like the daily chart. The long buck is made catching the big trend and adding to a winning position.
The method: The first day that the stock crosses the 40 sma and closes across the 40 sma, I get in at the close of the day or the open the next day. Example: ABC crosses the 40 sma and closes above it, I'm in long... or inandlong.
Same goes for the short side. As examples of stocks that I traded using this simple method, which can be verified in the chat room, I give you GM and EXPE. Plot a daily chart and overlay a 40 day simple moving average. How's that look? Pretty sweet huh?
There 'skies, one concept that works. Real time examples from real people. Let's have a Bud! You're buyin'.
And remember...
And of course it is simple. But first, some basic philosophy of my trading. Sigh! I want to ride the wave of money flowing into a stock. I don't need to be first in line. I don't want to trade counter-trend. I want to trade using a signal that the masses use so when I am getting in, they are getting in too, in the same direction. And I want my entry point to be objective so I know I'm right or wrong. Got it?
Now here it is 'skies - two lines.... a line chart of the stock, and a 40 day simple moving average. I like the daily chart. The long buck is made catching the big trend and adding to a winning position.
The method: The first day that the stock crosses the 40 sma and closes across the 40 sma, I get in at the close of the day or the open the next day. Example: ABC crosses the 40 sma and closes above it, I'm in long... or inandlong.
Same goes for the short side. As examples of stocks that I traded using this simple method, which can be verified in the chat room, I give you GM and EXPE. Plot a daily chart and overlay a 40 day simple moving average. How's that look? Pretty sweet huh?There 'skies, one concept that works. Real time examples from real people. Let's have a Bud! You're buyin'.
And remember...
I must state that no one has convinced me the system as offered by the creator of this thread is not profitable. On a liquid instrument where you do not experience a great deal of slippage, why would this system not work. How many people's entries are better than random anyway.
As far as fading the trend, what trend are we concerned about. the daily, the one minute the five minute the hourly? How many trends are really going to blow you out time after time in the es. On most days three points is probably about the atr of an average five minute bar and we know the es reverses frequently. So perhaps this system cuts losses and lets winners run.
I demand the tradestation code so I can run a test. (I do not really demand it but I would like it).
As far as fading the trend, what trend are we concerned about. the daily, the one minute the five minute the hourly? How many trends are really going to blow you out time after time in the es. On most days three points is probably about the atr of an average five minute bar and we know the es reverses frequently. So perhaps this system cuts losses and lets winners run.
I demand the tradestation code so I can run a test. (I do not really demand it but I would like it).
Simple and easy are not the same. that's so true. That's playing with words a bit too.
The more you trade and make money, the simpler the method you try to use. I see this with my trading of course and most if not all of my fellow traders.
It is HARD to find this simplicity. it is even HARD to follow the simplicity. But simple is where you want to go.
Simplicity is relative too. Considering the amount of data, computer power, internet and software used, well, one might say it ain't that simple after all
Now I am playing too.
Sorry to tell you that what you really need to do is seek simplicity. You don't have to believe us.
You can blame us for not finding YOUR simplicity. It does not change a thing to my positive bottom line, think about it sunny.
tntneo
The more you trade and make money, the simpler the method you try to use. I see this with my trading of course and most if not all of my fellow traders.
It is HARD to find this simplicity. it is even HARD to follow the simplicity. But simple is where you want to go.
Simplicity is relative too. Considering the amount of data, computer power, internet and software used, well, one might say it ain't that simple after all
Now I am playing too.
Sorry to tell you that what you really need to do is seek simplicity. You don't have to believe us.
You can blame us for not finding YOUR simplicity. It does not change a thing to my positive bottom line, think about it sunny.
tntneo
This is not a matter of belief at all, since tests can be easily done. Profitseer's system is so simple that it can be coded in just a few minutes. I've done it, and then backtested it on ES02U. It doesn't seem to work on 1-min data, but performs quite well on 5-min data. Seems to work on YM 1-min, though. But maybe my results for YM are a bit misleading because the system uses stop orders and slippage is higher on the Dow mini futures.
were you using a buy order or a sell order when you put in the "market order"?
How did you determine the trend? Or did you just put in both buy and sell orders 10 ticks away from the market?
Profitseer: is that what you're doing? Putting in both buy and sell orders at the same time hoping one gets hit?
How did you determine the trend? Or did you just put in both buy and sell orders 10 ticks away from the market?
Profitseer: is that what you're doing? Putting in both buy and sell orders at the same time hoping one gets hit?
that make $$
I found out that I make $$ on a regular basis (I mean 3-5000$/day) when I test on of my programs based on TWS API on the IB cDEMO...
of course, i do not even take an eye on what I'm doing , I just test Buy and sell buttons, auto stops, targets..
often after an hour or so, I'm up 5000 on the demo account !
maybe the best system would the monkey system.. for on who have the courage to use it ;-)
I found out that I make $$ on a regular basis (I mean 3-5000$/day) when I test on of my programs based on TWS API on the IB cDEMO...
of course, i do not even take an eye on what I'm doing , I just test Buy and sell buttons, auto stops, targets..
often after an hour or so, I'm up 5000 on the demo account !
maybe the best system would the monkey system.. for on who have the courage to use it ;-)
I (arbitrarily) started the trades with a buy order to get things going. There was no trend detection necessary at all, because the first trade doesn't influence the results significantly, since the system produced 212 trades for 5-min data and 1375 trades for 1-min data for the given test period. All following orders were stop orders of course.
The script I wrote doesn't close out trades at the end of the day. If you want to do this (to sleep well), you should of course try do develop a method to find out if the first trade of the day should be long or short.
The script I wrote doesn't close out trades at the end of the day. If you want to do this (to sleep well), you should of course try do develop a method to find out if the first trade of the day should be long or short.
How about this: wait for a 2 candle tweezer bottom with green candle on right, then go long with your system. wait for a tweezer top with red candle on right, then go short.
emini seems to reverse when 2 bar tweezer bottoms and tops form on 1 minute.
Bottoms seem to work better than tops.
Ed
emini seems to reverse when 2 bar tweezer bottoms and tops form on 1 minute.
Bottoms seem to work better than tops.
Ed