ProfLogic's Method

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As I said once before, I don't use every rule from Proflogic's system....but I do watch the erg and read price in a similar manner.....and while you folks are arguing....I am trading small and putting it together for myself.

The arguments I have read seem petty. From my view its about reading momentum. Couple of simple rules about highs & lows. You watch and figure it out. After a while its pretty obvious. Sell the failure bar on lower highs. Buy the failure bar on higher lows. Add a filter (ERG rules) or two (my own rules) and show some patience. The real challenge is waiting for the right conditions, holding on once you have a winner.

attachment below

Thanks again Prof for your help
 

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Quote from WD40:

Ergodic is a form of MACD.

Just set the Ergodic to 12, 26, 9 and see for yourself.
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MACD is range bound, it has a fixed top and bottom . . . the Ergodic isn't bound in a range.

The Ergodic is a one period moving average of a one period moving average.

Bottom line though, I do not use an indicator to trigger trades but to simply tell me where momentum tops and bottoms are setting in. We trade price not an indicator.
 
Quote from Wi!s0n:

Hey Pismo, did you get on this one?
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No, the only thing I did today was the 2401 short around 10:15 for a point or two. My 16807 histo did not osc until 1:47pm so I was still black.
 
How about proflogic or a student post a video of the "method" calling a trade by "labeling" a chart prior to the trade taking place?

If there is NO SUBJECTIVITY to the method, this should be easy right??


thanks, surf
 
Prof, any idea how I can embed the 2401 into the 16807 on TradeStation?
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You can do this in real time with Global Variables(GV), or if you need historical bars as well you can use All Data Everywhere(ADE). Check out the trader WIKI and search for ADE or GV. There is also the option of creating synthetic bars.

Regards,
TG
 
Quote from marketsurfer:

How about proflogic or a student post a video of the "method" calling a trade by "labeling" a chart prior to the trade taking place?

If there is NO SUBJECTIVITY to the method, this should be easy right??


thanks, surf
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You are correct, perfectly correct.

I've made the offer to you many times Surf. Free warm seat in a college classroom and Subway caters. Why watch a video when live is so much more fun.
 
Quote from TradingGuy:

You can do this in real time with Global Variables(GV), or if you need historical bars as well you can use All Data Everywhere(ADE). Check out the trader WIKI and search for ADE or GV. There is also the option of creating synthetic bars.

Regards,
TG
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Some software will not allow duel data streams into a single chart so stacking them is out. The synthetic bars are an interesting choice.
 
Quote from TradingGuy:

Prof,

Would you mind posting your ES 2401 for today, I'm comparing some labeling and would like to see the "source".

Thanks
TG
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Give my a few minutes to load it.
 
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