Simple ES Market Model
- Thread starter ATSTRADER
- Start date
Profit is simple OI =0 take profit
With loss it's more complicated, we had it in this Model preset at double OI from original first entry (For example OI to enter long +100 then take loss when OI +200) The main issue here is to set and test the system to set original OI for entrance point right.
In the new models that we have this problem solved, special algorithm determines the OI level automatically and dynamically, based on the current market volatility...
This Model doesn't stop working, it just had been modified with automatic OI levels...
I can not disclose the algorithm of the dynamic OI levels, because we are currently using this Model for our real trading, try to figure it yourself.
Frequency of the signals 3-8 per American trade session.
The old, original way the system was traded 10 months, generating net average $240 per each contract traded.
New way it is traded for 6 month net profit per contract now is $350.
We have 6 active Market Models and their modifications working now, this one is not the most profitable, but most consistant because of it simplicity...
Quote from ATSTRADER:
Profit is simple OI =0 take profit
With loss it's more complicated, we had it in this Model preset at double OI from original first entry (For example OI to enter long +100 then take loss when OI +200) The main issue here is to set and test the system to set original OI for entrance point right.
In the new models that we have this problem solved, special algorithm determines the OI level automatically and dynamically, based on the current market volatility...
This Model doesn't stop working, it just had been modified with automatic OI levels...
I can not disclose the algorithm of the dynamic OI levels, because we are currently using this Model for our real trading, try to figure it yourself.
Frequency of the signals 3-8 per American trade session.
The old, original way the system was traded 10 months, generating net average $240 per each contract traded.
New way it is traded for 6 month net profit per contract now is $350.
We have 6 active Market Models and their modifications working now, this one is not the most profitable, but most consistant because of it simplicity...
I appreciate your candor. Given a net of $240 and an 80% win ratio that's a 6 point gross move. Taking an average of 5 signals a day that's 4 winners @ 1.5 pts and 1 loser @ 1 point. That doesn't seem unreasonable to me but the system really must be quite accurate to generate an 80% win ratio constantly.
Once again, many thanks for putting a new spin on things -- as an IB user I can't make use of it but it is always interesting to hear about different ways to skin the cat.
Have you looked at using a similar method based on volume rather than ticks?