Trading ES, reverse trade based stops

artemstreb · Mar 20, 2015

romik said:
The main idea is not to be motivated by a stop based on any chosen price level, but rather on a mathematical interpretation of price action but within a certain time frame. Strengthening = initiate & stay long until it's weakening = initiate & stay short until the opposite starts developing.

'Strengthening = initiate & stay long until it's weakening = initiate & stay short until the opposite starts developing.' = 'a mathematical interpretation of price actio'??

i think you be amazed at true math interp of price action.

i have no clue what you try do here?

romik · Mar 23, 2015

romik said:
Short 2099 as PA flipped negative right at the the end of session.

+16.5

Long 2099

romik · Mar 23, 2015

romik said:
Long 2099

Short 2101.75 +2.75

Total: +19.25

Buy1Sell2 · Mar 23, 2015

positive so far. doesn't the lack of a reversing stop take away the "automation"?

romik · Mar 24, 2015

romik said:
Short 2101.75 +2.75

Total: +19.25

Long 2096.5 +5.25

Total: +24.5 (3w, 1b/e)

romik · Mar 24, 2015

Buy1Sell2 said:
positive so far. doesn't the lack of a reversing stop take away the "automation"?

Could you paraphrase that please, I didn't get the question. A stop is a reverse trade or do you mean a trailing stop?

Handle123 · Mar 24, 2015

romik said:
Long 2096.5 +5.25

Total: +24.5 (3w, 1b/e)

The amount you using for your stop and reverse entries not based on volatility but on chart pattern based? so until pattern is made you using Catastrophic stops(beyond recent highs/lows) and that based on volatility? If it same thing I am seeing, I do on one minute charts, pretty cool it works on all timeframes.

romik · Mar 24, 2015

I must say that I do keep an eye in VIX too, but only as a precautionary measure (range expansion forecasting).

romik · Mar 24, 2015

Ideally it will have to be implemented into what B1S2 keeps talking about, incorporation of smaller and larger time frames, that would potentially increase win ratio, as setups that do not line up on those few frames would be negated.

romik · Mar 24, 2015

Also, I am not too keen on automating this on multiple frames, I prefer going down the route of hiring a person to do "night watch" .