Something very simplistic

Quah · Sep 25, 2002

Originally posted by Trend Fader
Lets all bang heads together and get this project going... we need to find out if IB is compatible with such a program.
I am sure Larry (PRETZEL) author of Bracket Trader can give us a hand...

I am not a programmer.. maybe someone can help?

In the meantime lets see how well Quah continues to do. THe better he does.. the more insentive we all should have to use his system exactly... until it doesnt work anymore.

--MIKE

Most platforms have API's that allow you to interface your own programs with their order entry system - IB's TWS has a number of them, including a DDE link with Excel, Pats has one, etc. There are many ways to automate this - it's not that hard to do.

That said, it's really not that hard to just to this by hand either.

Trend Fader · Sep 25, 2002

QUAH.. Such a system would be much easier if it were automated.. clicking wrong buttons.. avoiding slippage would be great... personally I know I hate messing around with IB's orders.. once in a while I always mess up and get frustrated and nervous. With your strategy there is no room for messing up orders. NQ or ES.. can hit the target or stop in a second.

Also would be great if we can leave the PC unattended for a while and let the strategy run its course.

Why not take advantage of technology?

--MIKE

ctrader · Sep 26, 2002

Quah, as I have been watching my trades, I have noticed that I usually get off at 1.00 pt profit target when 1.25 or 1.50 would have worked. In fact, I don't count a profit target fill unless it trades through the 1.00 pt, so in all cases 1.25 could have been possible, if I got a fill.

Have you thought about trying to juice the system a little more?

Here is what I found for a data feed:

http://finance.lycos.com/home/livecharts/default.asp?symbols=

ESZ2 and NQZ2 are real time tick charts. If you set stochastics to 17,3 I believe this is the same as 17,1,17

Actually could someone check this for me? Be nice to know I am looking at the right indicator.

Trend Fader · Sep 26, 2002

Originally posted by ctrader
Quah, as I have been watching my trades, I have noticed that I usually get off at 1.00 pt profit target when 1.25 or 1.50 would have worked. In fact, I don't count a profit target fill unless it trades through the 1.00 pt, so in all cases 1.25 could have been possible, if I got a fill.

Have you thought about trying to juice the system a little more?

Here is what I found for a data feed:

http://finance.lycos.com/home/livecharts/default.asp?symbols=

ESZ2 and NQZ2 are real time tick charts. If you set stochastics to 17,3 I believe this is the same as 17,1,17

Actually could someone check this for me? Be nice to know I am looking at the right indicator.

CTRADER,

Why in the world would QUAH want to change his system? If it aint broke dont fix it!!

--MIKE

eMiniMe · Sep 26, 2002

Originally posted by ctrader
If you set stochastics to 17,3 I believe this is the same as 17,1,17. Actually could someone check this for me?

Those settings are not identical. The first 17 in a 17,1,17 stochastic is taking the range, from the highest high to the lowest low, of the past 17 bars and expressing the close of the 17th bar as a percentage of that range. The 1 represents the number of periods of a moving average of the previously described percentage. The final 17 represents the number of periods of a moving average of the previously described moving average.

In this case to duplicate the 17,1,17 on livecharts you need to use a 17,17, although I think itâs completely irrelevant. The indicator and the settings have almost nothing to do with the results of this method.

DblArrow · Sep 26, 2002

Originally posted by ctrader

ESZ2 and NQZ2 are real time tick charts. If you set stochastics to 17,3 I believe this is the same as 17,1,17

Actually could someone check this for me? Be nice to know I am looking at the right indicator.

17,15 is about what you need.

Make 'em pretty, Chris

illiquid · Sep 26, 2002

Originally posted by Trend Fader

CTRADER,

Why in the world would QUAH want to change his system? If it aint broke dont fix it!!

--MIKE

Quah seems to be doing ok with adding a second series of entries into the close; why not try to figure out what exactly this system is taking advantage of and try to find ways to push the edge to its max? Not like he can't just change it back if it doesn't suit him

dbphoenix · Sep 26, 2002

Originally posted by Trend Fader

Why in the world would QUAH want to change his system? If it aint broke dont fix it!!

--MIKE

There are a number of occasions, particularly around 1000, when price drives hard through the profit target. Common sense dictates that a trailing stop can be placed at the profit target to take advantage of whatever move may ensue (this is particularly pertinent from 1000 on since the intervals lengthen so much). If it's tripped, fine. If not, there may be quite a few more points to be had. It's not so much a change as a variation.

--Db

dbphoenix · Sep 26, 2002

Originally posted by eMiniMe

The indicator and the settings have almost nothing to do with the results of this method.

So far, this seems to be true, though I've only been tracking the sto settings by time for three days. So far, however, there seems to be no significant difference among 17, 24, and 34 between 1m and 2m timeframes, at least with regard to the bars specified in Quah's system.

In other words, though the crosses and the relationship between the lines within each setting may clearly be different overall, there is no difference between the number of wins and losses at the end of the day when focusing only on this limited number of snapshots.

This is for a stochastic only. Whether it would be the same for any of the other hundreds of indicators, I have no idea. Performance of the previous bar as a cue is so dismal, however, I won't be pursuing it.

--Db

ctrader · Sep 26, 2002

Originally posted by eMiniMe

Those settings are not identical. The first 17 in a 17,1,17 stochastic is taking the range, from the highest high to the lowest low, of the past 17 bars and expressing the close of the 17th bar as a percentage of that range. The 1 represents the number of periods of a moving average of the previously described percentage. The final 17 represents the number of periods of a moving average of the previously described moving average.

In this case to duplicate the 17,1,17 on livecharts you need to use a 17,17, although I think itâs completely irrelevant. The indicator and the settings have almost nothing to do with the results of this method.

Great thanks. I agree that the setting don't have much to do with it, except that Quah is getting better results then me.