Simple Profitable Method

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This was a nice thread, made the skeptics vocal, made the newbies jump for joy (don't jump too high), and sent a lot of us looking at MACD's this way on our favorite trades. My paper trading of it seems to be profitable. Not sure I am ready to go real with it yet.

If anyone has been trading it with real money, it would be nice to hear your results and insights. My current question is whether utiliizing the 10 period MACD for trend actually helps or not.

Best to all.
 
Quote from Bearbelly:

When did the 3sma and the 25sma come into the picture? We started with the macd and the 9sma. Simple is not so simple is it?
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If you have read all the posts then you know the 9sma was a good compromise for the 2 proprietary indicators that I use, since then some of the sharper tools in the shed worked out how to replicate them, 25sma and 3sma (+2) are very close and have the added advantage of the re-entry method

But you can continue to use the 9sma if things are getting too complcated for you belly
 
Quote from trader28:

But you can continue to use the 9sma if things are getting too complcated for you belly
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Guess I had that coming.:) I do like things very simple.
 
Does anybody have ER2 intraday historical data for about 6 months to a year, in a Omega Research Trade Station 2000i format (like .xpo). I would like to program this system in Easy Lanquage?

I guess I can do with ASCII or MetaStock data, as well. If you had E-mini SP that would be a bonus, since we can than confirm system works on other futures as well.

cheers, dejan
 
Quote from insight2:

Does anybody have ER2 intraday historical data for about 6 months to a year, in a Omega Research Trade Station 2000i format (like .xpo). I would like to program this system in Easy Lanquage?

I guess I can do with ASCII or MetaStock data, as well. If you had E-mini SP that would be a bonus, since we can than confirm system works on other futures as well.

cheers, dejan
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While this a great idea, I think IF you want to program and backtest you're going to run into a few problems.

1) Trade Station has a tough time with systems that trade intraday ie: "did prices move to 1346 before or after they hit 1345.5".

2) IF you were to program this you would definitely need another filter that would determine a strong trending market (ie: ADX>25). You will see periods of 3-4 hours where the market goes sideways and might give you a bunch of signals that are useless.

As I think trader 28 will confirm, you cannot just take every signal blindly. In fact, from my observations this system is a good one for the following:

1) First hour of the day when there is some volume

2) 10:30a est reversal trade

3) IF the market has been forming a continuation pattern on the 5 minute chart (flags, etc).

4) Last hour of the day when more volume comes in and the market trends a little better

I would suggest you keep a log as to when these signals work, as to time. You might find it works at similar times to the above references.
 
IMHO unless you scalp for ticks right now, you are in danger of whacked in chop. Most everyone I talk to in the last couple of day is victim to program trading. We are close to a big psychological number and it's causing abornal behavior in the mini's.
 
Trader28, do you trade the news at all or you flat at that time?
If you trade, any different conditions to follow?

Second question:
To enter the trade: do you wait for the candle to close ,
if the signal is in place , or you will enter on working candle?
Thanks
 
Quote from oberun:

Trader28, do you trade the news at all or you flat at that time?
If you trade, any different conditions to follow?

Second question:
To enter the trade: do you wait for the candle to close ,
if the signal is in place , or you will enter on working candle?
Thanks
More...
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