Something very simplistic

[opm8]

When you use a 2-min chart for stochastics, aren't the values computed only every two minutes? This is what I get from Qcharts (It's not the best I know, I know). If we're looking at a 1-min chart then we don't get up to the minute stoch values.

What I mean is, I get stoch values every two minutes at 9:30, 9:32, 9:34, etc. so what do I use for the 'odd' minutes like 9:33? Do I look at the 9:32 value? That doesn't seem right.

--opm8

 

[Quah]

Originally posted by illiquid


Yeah, gimme a chart of NQ and I'll tell you what I would have done as well, no BS!

You said yourself that you don't read stochastics like everyone else with no exact triggers, and you obviously have some discretion with "NOT TAKEN" signals -- seems it would be quite easy to BS your way around.

Also, if you go back and check on your prior posts, you'll notice that on more than several occasions quite a number of your trades will overlap (especially near the open), and given that you only have 12 signals in total, with many "NOT TAKEN" trades in the afternoon signals, others looking at your system (I say others since you seem to have found your method and I can't argue with your choice) will really have to judge whether the fibonacci timing (which is the only really distinguishing part of the system) is truly where the system finds an edge -- or whether the great majority of the gains are just made on the opening 10 minutes of volatility.

Sorry if I'm being a pest for you (and probably most others here too, those who would read this far probably put a lot of faith into your reasoning; others would have stopped checking already). As for me? I dunno, I guess I've been scammed a few times before with certain backtested "indicators" and would just like to see a bit more rigor in how results were obtained, rather than just "shrug, it works, why bother."

The "NOT TAKEN" trades were simply because I wasn't going to be or planning to be around when those times hit - it would be easy to check and see how they would have turned out. I think someone has already posted the exact parms I've been using, and the way I've been using them, so again, it would be pretty easy to see how a trade would have turned out.

I have no reason to scam anyone - I'm not making any specific claims, just presenting what I'm doing and how it turns out. (BTW, I don't think you are saying I'm scamming anyone.) Everyone can interpret any of it any way they like.

 

[Quah]

Originally posted by opm8
When you use a 2-min chart for stochastics, aren't the values computed only every two minutes? This is what I get from Qcharts (It's not the best I know, I know). If we're looking at a 1-min chart then we don't get up to the minute stoch values.

What I mean is, I get stoch values every two minutes at 9:30, 9:32, 9:34, etc. so what do I use for the 'odd' minutes like 9:33? Do I look at the 9:32 value? That doesn't seem right.

--opm8

opm8 - The values are "fixed" every two minutes, but the values are calculated and displayed with every tick, no matter what period-size chart you are using.

 

[Sanjuro]

I have a question:

So you trade at the open of the fib bar depending
on your indicator.

Do you buy at the ask and sell at the bid?
Or do you try to buy at the bid and sell at the ask?

 

[ctrader]

I think the idea is to put a limit order out at the opening price of the bar.

 

[ctrader]

For NQ

9:33 S 876 B 873 +3.00
9:35 B 873.50 S 876.50 +3.00
9:38 B 878 S 881 +3.00
9:43 S 882.50 B 879.50 +3.00
9:51 S 877 B 874 +3.00
10:04 S 874 B 871 +3
10:25 S 874.50 B 878 -3.50
B 878 S 874.50 -3.50
10:59 S 868.50 B 872 -3.50
B 872 S 875 +3.50
11:54 B 874.50 S 877.50 +3.00
13:23 S 879 B 876 +3.00
15:47 S 877 B 874 +3.00

Total:

10 wins/ 3 losses (in a row)

Not including commissions 20 points.

I used the one minute chart stochastics 24,1,24. No overlaps today.

 

[Quah]

Originally posted by ctrader
For NQ

9:33 S 876 B 873 +3.00
9:35 B 873.50 S 876.50 +3.00
9:38 B 878 S 881 +3.00
9:43 S 882.50 B 879.50 +3.00
9:51 S 877 B 874 +3.00
10:04 S 874 B 871 +3
10:25 S 874.50 B 878 -3.50
B 878 S 874.50 -3.50
10:59 S 868.50 B 872 -3.50
B 872 S 875 +3.50
11:54 B 874.50 S 877.50 +3.00
13:23 S 879 B 876 +3.00
15:47 S 877 B 874 +3.00

Total:

10 wins/ 3 losses (in a row)

Not including commissions 20 points.

I used the one minute chart stochastics 24,1,24. No overlaps today.

ctrader - I think you missed one of the rules - 3 losses in a row are not allowed...

 

[inandlong]

ctrader I PM'd you about your product. I am sending another PM now.

Quah, thanks for the fun this week. I am on vacation next week and not taking the laptop. I promised my family.

By the time I get back there will probably be 100 pages on this thread, but that will only happen if this continues to work. I really cannot see why it wouldn't. It is dependent on nothing extraordinary.

 

[nitro]

Originally posted by ctrader
I think the idea is to put a limit order out at the opening price of the bar.

huh?

How can you put in a limit order on something that hasn't happened yet? How do you know what the open of the next bar will be? And if you wait until you see the open and then put a limit order there, you are back to having slippage.

I strongly urge anyone doing this system [OR ANY AUTOMATED SYSTEM] to add $5 per round turn and $12.50 [$25 on NQ] to each side of the trade during their testing for slippage...

nitro

 

[Quah]

Originally posted by nitro

huh?

How can you put in a limit order on something that hasn't happened yet? How do you know what the open of the next bar will be? And if you wait until you see the open and then put a limit order there, you are back to having slippage.

I strongly urge anyone doing this system [OR ANY AUTOMATED SYSTEM] to add $5 per round turn and $12.50 [$25 on NQ] to each side of the trade during their testing for slippage...

nitro

How can you have slippage on a limit order? Not possible.

You see the open, you put the limit order there, you get filled. You don't get filled, you don't have a trade.