Something very simplistic

Quah · Sep 28, 2002

BTW - You can also decrease your decision making time by setting up your direction indication to be easy to see at just a glance.

I have my 2 minute chart set up so that I don't even need to look at the actual stochastic. I have it set to color the current bar green if the %K is > the %D, and red if the %D is < %K. So all I have to do it just look at the current bar on the 2 minute and check its color.

aphexcoil · Sep 28, 2002

Quah,

Your journal is getting close to 100 pages so I want to be the first to tell you that it has probably been one of the best 100 pages worth of ET material I have seen yet.

Hopefully your system continues to "rock" like it has been doing.

Keep up the great work.

Quah · Sep 28, 2002

Thanks Aphex.

For those of you who have been asking/wondering about doubling the lot size on the reversal, here is some info based on the ES trades starting on 9/11/2002:

There have been 136 trades total, 39 of those were losers. 19 of those losers were "broke even" by a reversal winner. 10 of those losers were followed up by a reversal that also lost.

So, there were 19 trades that had a gross profit of +0, and 10 trades that had a gross profit of -2.50, for a total of -25 points.

If the lot size on the reversal was doubled, 19 trades would have had a profit of +1.25 and 10 trades would have had a profit of -3.75, for a total of -13.75 points.

So, doubling the lot size on the reversals would have added back +11.25 points in profit. Not including commish. That's just over one point per day.

Not sure what my conclusions are - just looking at the numbers.

Edited to add: BTW, it looks like 73% of the inital trades have been winners (not counting reversal winners).

inandlong · Sep 28, 2002

I knew entry would be a weak link. And then trading two different contracts. Of course while Quah is trading he is also playing the piano and knitting a sweater! But don't let that influence anyone else from trying this!!!

Let's see, if I hire an assistant, and trade 5 cars instead of 1, then I could....

Quah · Sep 28, 2002

Originally posted by inandlong
I knew entry would be a weak link. And then trading two different contracts. Of course while Quah is trading he is also playing the piano and knitting a sweater! But don't let that influence anyone else from trying this!!!

Let's see, if I hire an assistant, and trade 5 cars instead of 1, then I could....

You are gonna force me into writing a little Excel DDE spreadsheet for order entry, aren't you?

Exactly how many keystrokes do you think could be handled? How about keying in the bar opening price and clicking a button? Would that be reasonable?

Gordon Gekko · Sep 28, 2002

Originally posted by Quah

You are gonna force me into writing a little Excel DDE spreadsheet for order entry, aren't you?

Exactly how many keystrokes do you think could be handled? How about keying in the bar opening price and clicking a button? Would that be reasonable?

can you really do stuff like that with excel? i'm good with excel..but not that good.

Quah · Sep 28, 2002

Originally posted by Gordon Gekko

can you really do stuff like that with excel? i'm good with excel..but not that good.

Okay, okay. Check back in a couple of hours....

brich · Sep 28, 2002

LOL, Quah you'r nice man

ANCHOR · Sep 28, 2002

I don't trade Quah's system but if I did I think the best way to place the orders would be with AutoTrader (integrated with TWS). That way all you would need to do is pre-set your 1 point profit and 1.25 stop and then you just need to click one button. Once you get the open price of your bar you just type your price limit and click. If you get your price AutoTrader will send your profit and stop order automatically. Once one gets filled it cancels the other.

If you were stopped out you could just click one button to enter the other way for a bread even trade. If you want to double your contracts on your reverse order all you do is type the number of contracts and click. Your profit and stop are sent automatically.

Plus if your next trade comes up and you still have one open you can just click once to close out the trade and once more to open a new one. (If you needed to change sides.) All profit and stop orders are sent automatically.

Seems like that would make this system very easy. One click then just sit and wait.

Quah · Sep 28, 2002

Originally posted by Gordon Gekko

can you really do stuff like that with excel? i'm good with excel..but not that good.

Check your PM Gordon, QuahOrder is ready for you to test....