It's pretty amazing huh?
This is the person the mods are protecting ... this is the leader these people are following. :eek:
This is the person the mods are protecting ... this is the leader these people are following. :eek:
SPM Boot Camp
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AND ONCE AGAIN, A DECENT THREAD ON ET HAS BECOME GARBAGE
This is why it's hard to find anything of value here. There is great value in this thread, but only the first half or so. The 2nd half and more than likely from this point forward will be trash talking.
And it's too bad b/c this is a good thread. It will also die a slow death b/c no one will come back to read the bitching going on.
This is why it's hard to find anything of value here. There is great value in this thread, but only the first half or so. The 2nd half and more than likely from this point forward will be trash talking.
And it's too bad b/c this is a good thread. It will also die a slow death b/c no one will come back to read the bitching going on.
LOL, what he said.
... same as the original thread.
Nothing changes.
It's all the same thing, for all the markets.
... same as the original thread.
Nothing changes.
It's all the same thing, for all the markets.
LOL
And they have no idea how to replicate the process, just the blind leading the blind.
They would rather follow Jack the Pied Piper than actually learn how to trade.
Pathetic bunch, one and all.
But you've accomplished your goal T28, and I've accomplished mine.
See ya!
And they have no idea how to replicate the process, just the blind leading the blind.
They would rather follow Jack the Pied Piper than actually learn how to trade.
Pathetic bunch, one and all.
But you've accomplished your goal T28, and I've accomplished mine.
See ya!
QUITE INTERESTING
Ran a few tests while away having dinner.
2m ES data for ESZ8 for September and October with
buy/sell entries ONLY when crosses above and below zero.
106 trades
1-lot ES contract
Commission & slippage of $35 per trade - open and close position ( $10 commission and $25 slippage0 - I THINK THIS IS A BIT TOO HIGH BUT LET US BE CONSERVATIVE
$10,000 initial capital
Profit $5947 or 59.47%
Stop Loss $300, Profit target - allowed to run up to $1500; with discretionary exit, profit will be higher
See attached
Ran a few tests while away having dinner.
2m ES data for ESZ8 for September and October with
buy/sell entries ONLY when crosses above and below zero.
106 trades
1-lot ES contract
Commission & slippage of $35 per trade - open and close position ( $10 commission and $25 slippage0 - I THINK THIS IS A BIT TOO HIGH BUT LET US BE CONSERVATIVE
$10,000 initial capital
Profit $5947 or 59.47%
Stop Loss $300, Profit target - allowed to run up to $1500; with discretionary exit, profit will be higher
See attached
Even more interesting:
2m ES data for ESZ8 for September and October with
COMPOSITE entry logic:
buy/sell entries when MACD crosses MACF avd, above and below zero.
AND also buy if both MACD and MACD average crosses above zero;
Sell when both MACD and MACD average crosses below zero.
217 trades
$15,192 profit or 151% return
1-lot ES contract
Commission & slippage of $35 per trade - open and close trade
( $10 commission and $25 slippage)
$10000 initial capital
Stop Loss $200 to $250, Profit target - allowed to run up to $1500; with discretionary exit, profit will be higher
See attached
These systems can be traded profitably. Returns will be lower when markets return to normal, that is SPX 15 to 20 ATR rather than 40 to 60 as we experience now.
A good exit - LONG position: close when MACD crosses under MACD avg; SHORT when MACD crosses above MACD avg
Keep it simple.
I will use momentum to fine tune entry and exit but that is my preference because I have been using it for all my trading and am comfortable with it.
Another exit to consider is the 5/34 oscillator, called Awesome Chaos in Multicharts. It is basically a 5/34 MA, difference plotted as histogram. You can exit long MACD position when 5 MA crosses 34MA down, and opposite for short.
In these trades with MACD, don't dither around - take your profits and look for re-entry, if possible. Or, start with 2-lot position size, take profits on half, and set breakeven on the other half.... and you got to have a fairly wide stop - at least 4 to 5 points. This is useful when the markets pull back from dominant trend and MACD "kisses" or "back kisses" the MACD avg BUT does not cross. You don't want to be shaken out of your position in such a case.
2m ES data for ESZ8 for September and October with
COMPOSITE entry logic:
buy/sell entries when MACD crosses MACF avd, above and below zero.
AND also buy if both MACD and MACD average crosses above zero;
Sell when both MACD and MACD average crosses below zero.
217 trades
$15,192 profit or 151% return
1-lot ES contract
Commission & slippage of $35 per trade - open and close trade
( $10 commission and $25 slippage)
$10000 initial capital
Stop Loss $200 to $250, Profit target - allowed to run up to $1500; with discretionary exit, profit will be higher
See attached
These systems can be traded profitably. Returns will be lower when markets return to normal, that is SPX 15 to 20 ATR rather than 40 to 60 as we experience now.
A good exit - LONG position: close when MACD crosses under MACD avg; SHORT when MACD crosses above MACD avg
Keep it simple.
I will use momentum to fine tune entry and exit but that is my preference because I have been using it for all my trading and am comfortable with it.
Another exit to consider is the 5/34 oscillator, called Awesome Chaos in Multicharts. It is basically a 5/34 MA, difference plotted as histogram. You can exit long MACD position when 5 MA crosses 34MA down, and opposite for short.
In these trades with MACD, don't dither around - take your profits and look for re-entry, if possible. Or, start with 2-lot position size, take profits on half, and set breakeven on the other half.... and you got to have a fairly wide stop - at least 4 to 5 points. This is useful when the markets pull back from dominant trend and MACD "kisses" or "back kisses" the MACD avg BUT does not cross. You don't want to be shaken out of your position in such a case.
Let's be soo cool? LOL. More like let's not be soo stupid.
You've just shown us that you don't understand the difference between hindsight and the hard right edge.
This drill is worthless unless it's done by covering the day and then making trading decisions as the indicator is revealed bit by bit, just as it would be in real time. But even then it's lacking because the indicator's curvature changes as price moves between the high and low of each bar and is not "set" until the close of each bar.
If I could have each day's MACD in advance as this bogus drill supposes, I'd have enough in my piggy bank to fund the $700 billion bailout.
You've just shown us that you don't understand the difference between hindsight and the hard right edge.
This drill is worthless unless it's done by covering the day and then making trading decisions as the indicator is revealed bit by bit, just as it would be in real time. But even then it's lacking because the indicator's curvature changes as price moves between the high and low of each bar and is not "set" until the close of each bar.
If I could have each day's MACD in advance as this bogus drill supposes, I'd have enough in my piggy bank to fund the $700 billion bailout.
Quote from jack hershey:
Here's a quiz.
Go to paint and fill in the HOLDs between reversals.
See if you can trade without price.
I could put up volume instead of the MACD and you would get the same result.
See if you are capable of using coloe and an open mind to see that YOU can be very very rich.
What about the ATS coding for this as a helper outer?
You've hit the nail on the head Trader666.
That, fundamentally, is why Jack Hershey's approach does not produce successfull traders, and Trader28's does.
I am trying to somewhat duplicate the other back-testing results.. so here is my attempt:
Used $5 round trip commission, and .25 slippage per trade, which + commision equals $30 per round trip expenses.
Not so great... So I hope no one was getting too excited with these results..
Granted, the strategy would be positive without transaction costs.. so it does have an edge.
Next I will duplicate the other tests and see how those fared
Tested for the sept-oct as he did. Actually did sept 1 through Oct-20 trading is from 8:30 till 3:05 Central time, exit at end of day.
Used $5 round trip commission, and .25 slippage per trade, which + commision equals $30 per round trip expenses.
So this is "similiar" to the results he had, but not as great. Still good results.. So now i perform this same test from 2003 till now
Not so great... So I hope no one was getting too excited with these results..
Granted, the strategy would be positive without transaction costs.. so it does have an edge.
Next I will duplicate the other tests and see how those fared
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