Who wants to be a Billionaire?

Quote from Ditch:

You're overlooking one thing: the high or low is in with 90% probability. Key is to find which one will hold, the high or the low.
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Apply the system to daily QQQ or KLAC you'll see.
 
Quote from abogdan:

I know. I always present the bare bones ideas leaving the room for you guys to experiment. In real life we always use something more tuned (we use B/A analysis to refine the system).
Have Fun!
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abagdon thanks so much for your advise !!!

Thats pretty amazing with real $$$

Thats what I was thinking too QQQ's or SPY just to start.

B/A ????

Please expand thanks......
 
Quote from abogdan:

I've been running this system for 8 months real money on one of our test accounts. We use 10 stock portfolio, we spread capital evenly between them, then we enter initially in each stock with only 10% of capital allowing 10 time pyramiding. We averaged around 83.4% accuracy.

P.S. Be careful with stocks you choose! They have to be at least 2.5 beta!
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i do not get that. i cannot believe that your result really corresponds to the 2 hours 90% analysis. at 11:30 you still do not know which one you've seen, the high or the low. the statistic does not at all contain that information. if your strategy works there must be a different effect like "the range of volatile stocks is (lets say) 3%", thus we treade on reversal once we have seen that early in the day. there is some intuitive link to the initial stat, but that is it IMHO. please correct me where i am wrong.
 
Quote from mind:

i do not get that. i cannot believe that your result really corresponds to the 2 hours 90% analysis. at 11:30 you still do not know which one you've seen, the high or the low. the statistic does not at all contain that information. if your strategy works there must be a different effect like "the range of volatile stocks is (lets say) 3%", thus we treade on reversal once we have seen that early in the day. there is some intuitive link to the initial stat, but that is it IMHO. please correct me where i am wrong.
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I think the part your missing might be, that you should stay flat unless you are at or close to a High of the Day or a Low of the day up to 11:30.

If you where somewhere in between then the trade would not be placed.

Just a thought
 
Quote from mind:

abogdan
btw do you keep the book market neutral by trading a future against?
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Hi there: I think there is a misunderstanding on your part. If you look at how TradeStation executes the code you'll notice that the orders are not placed if there is no condition. So, the algorithm does not care what comes first High or Low of the day. Also, if you look carefully, there are no exits on the same bar other than Close. It should explain it.
If you have any questions I'd be happy to answer.
 
Also I think you are missing the fact that the orders are placed at the high price of today for tomorrow's execution. (The same thing is for Low). Read it "Buy NEXT BAR at High (meaning today's high) Limit.
 
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