Schizo Greybox Trading

syswizard said:
Why on earth would you trade the pre-opening hours with all of the chop ?
Your system works decent when there is adequate volume and movement.
Stop and Reverse systems like yours are great when there is good movement....terrible when there is not.
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I'm of the belief that a good trading system should be able to work in any market at any time of the day. Clearly, mine is not.

Be that as it may, I wanted to take advantage of the ssslowww pace of the Globex to analyze the system more in detail.
 
schizo said:
I get the overall gist of your point but something more concrete would be helpful.
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In an earlier post where you describe your strategy you indicated a desire to include a time factor which you hadn't been able to implement as of yet. Perhaps you should describe how you envisioned bringing time into the mix before pursuing this line of thought.
 
dratsum said:
In an earlier post where you describe your strategy you indicated a desire to include a time factor which you hadn't been able to implement as of yet. Perhaps you should describe how you envisioned bringing time into the mix before pursuing this line of thought.
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Since a picture is worth a 1000 words...

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Well, two things are worth mentioning. First, a projected price target should be reached within an x amount of time (eg. the black arcs are pretty much evenly spaced). Second, the momentum, as in downward or upward momentum, should be replicated in succession. When it does not, it should be flagged as "failure".
 
The solution I offered normalizes the bar size to an optimal number of bars per session. This will limit the number of signals you can get per day but the bars will still form quicker during fast markets and slower during stalls.

You have to determine how many tic bars you want per session. If you want 390 bars you simply divide the total number of tics in a session by 390. That result should be averaged over some optimal number of days and then you manually change your tickbar size everyday to match the average. This enables stabilizing the number of bars per session by allowing the size of the bar used each day to fluctuate.
 
i am nobody said:
A trader losing plenty of money holding for 15 minutes per trade is entirely realistic and common, therefore it's not one of your fantasy 'ifs'. And losing is more probable than winning.

My 60 min was also just an arbitrary value. Just to show the difference between traders who hold seconds or 1-2 minutes versus traders who stay in for a longer time.
If you should predict the weather for the next 10 seconds or for the next minute it is very easy. But with the lenght of time predicting becomes much more difficult.
For short or very short term you don't need to be an expert, for longer periods it becomes harder if not impossible for most.
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Will you stop posting to this thread already? You've made your point and it is utterly annoying.
 
schizo said:
I'm of the belief that a good trading system should be able to work in any market at any time of the day. Clearly, mine is not.

Be that as it may, I wanted to take advantage of the ssslowww pace of the Globex to analyze the system more in detail.
More...

There's way too much noise at certain times. I think you could find a certain time of the day/signal where this strategy would work excellent.
 
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