Something very simplistic

[sababa]

Looking at today's ES, I combined ctrader's idea of trading the direction of the previous bar with I think it was macal's idea of trading every 15 minutes, EXCEPT I went in the opposite direction of the previous bar.

It's working so far today. I don't have the ability to backtest it, nor do I have the ability to even look at more than one day's worth of 1-minute data at a time.

So I can only toss the idea in the ring and see if someone with different software is interested in taking a look at it.

I'll continue to watch it, but one day at a time.

 

[dbphoenix]

Originally posted by ctrader

The ctrader version ditches stochastics all together and just looks at the direction of the previous bar.

You may have something there. I get very different results than Quah for some reason. I'm still studying various sto parms on both 1m and 2m charts, but I don't get what Quah gets.

--Db

 

[Quah]

Originally posted by sababa
Looking at today's ES, I combined ctrader's idea of trading the direction of the previous bar with I think it was macal's idea of trading every 15 minutes, EXCEPT I went in the opposite direction of the previous bar.

It's working so far today. I don't have the ability to backtest it, nor do I have the ability to even look at more than one day's worth of 1-minute data at a time.

So I can only toss the idea in the ring and see if someone with different software is interested in taking a look at it.

I'll continue to watch it, but one day at a time.

I think that taking the opposite direction is critical if you are going to trade every 15 minutes - on even 15 minute increments, just like you are doing.

If you offest that 15 minutes by some amount of time - then trading in the direction of the previous bars seems to work better.

 

[m_c_a98]

Basically you guys are just scalping for a couple points in the direction of the short term trend? Whats the big fascination; I don't think this is revolutionary..

Anyway, the key is the system and the discipline to operate with out screwing up, which may be the Holy Grail to trading.

Good luck.

 

[inandlong]

Hey guys. I am on vacation but have access to the net for about 24 hours. How has the Quahtrade been doing? This is a 28.8 dial-up so looking back thru the 20+ pages since this weekend will be tedious. If someone could just say, yeah it is still doing well, or forget it, then I will be up to date.

I hope everyone is doing well.

 

[ctrader]

Originally posted by inandlong
Hey guys. I am on vacation but have access to the net for about 24 hours. How has the Quahtrade been doing? This is a 28.8 dial-up so looking back thru the 20+ pages since this weekend will be tedious. If someone could just say, yeah it is still doing well, or forget it, then I will be up to date.

I hope everyone is doing well.

Quahtrade is ok, had a losing day yesterday, but today is ok.

 

[inandlong]

Thanks c. I wonder what the characteristic of yesterday was that created the net loser. And was that for both ES and NQ?

 

[Quah]

Originally posted by inandlong
Thanks c. I wonder what the characteristic of yesterday was that created the net loser. And was that for both ES and NQ?

Yes, both ES and NQ. First 5 or 6 trades required reversal, a couple of those took double-whammy's. Basically, lots of big chop after the open.

 

[Quah]

For 9/24/2002:

ESZ2:

12 Total Trades
10 Winners
1 Loser and 1 B/E
Avg. Winner +1.00 / Avg. Loser -1.25
Gross 8.75 points - $437.50/contract
Commission $57.60
Net $379.90/contract

NQZ2:

12 Total Trades
9 Winners
3 Losers
Avg. Winner +3.00 / Avg. Loser -2.83
Gross 18.50 points - $370.00
Commission $57.60
Net $312.40

 

[ctrader]

My version made just $40 today

The reason: one double whammy ate most of the profits, and I had 3 no trade signals because the previous bar had no direction. Those 3 trading opps probably would have been profitable if I had just gone back to the direction of the trend before it hit consolidation.