YM in a Can

Your correct, I saw that. But to exit at MOC gives up a lot (I think)

Michael B.

Quote from taodr:

Look at that fill you got last night at 9953. I saw that spike down and back.
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New reversel long brackets 10043, 9953.


Looks like this:


10043 L (H4)
10013 S Entry*****
9953 L (L3)


Michael B.

*****Step 5 Position Size Management

P.S. Remember we go flat today. Close is at 16:00 cst. I am glad because I do not have any room left on the spreadsheet to post trades! This has been quit a battle between the buyers and the sellers today.
 

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FLAT.

10076 (H4) Long
10036 (H3) Short

9958 (L3) Long
9918 (L4) Short

At open on Sunday enter at first level reached in its indicated direction.

Thank you for the nice week, folks.

Michael B.

P.S. See you back here at 19:15cst (or 20:15) Sunday. The opening last Sunday had the last trade locked from 19:15 cst - 20:15 cst, but the bid/ask was moving around. I will see this time if it is that way again. In case I do forget, perhaps someone will verify this. if there are question/comments/ideas feel free to post as I will check in here over the weekend.

:)
 

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I announced it in this Journal. More than once. I requested input. No one ever responded.

My thinking was that too much can happen between Fridays close and Sunday's open.

But I can also stay in always, doesn't matter to me.

I will know more when the Backtestor runs the #'s both ways. This is not a strong issue for me, I can hold always or go flat.

Michael B.

P.S. Over the weekend I will evaluate a 19 page report that Fan27 created. I printed it out and am waiting for the next report for the "always in" alternative, if he is willing. He has spent a lot of time on this and I am grateful to him.

P.S.S. For now, I have gone flat because it makes sense. But if the backtesting proved this is not prudent, I will correct the results and make it retroactive and trade the "always in" method. It's just that there was slow participation in this Journal. I have said I will go live when its finished (about a month) to test slippage, which can only be tested live. I have many other discussions and idea's to bring out in this Journal, but I cannot discuss this with myself.


What are your thoughts?

Michael B.

Quote from kserra:

do you always go flat on fridays ?
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I have noticed something form this marvelous backtesting report that Fan27 prepared for me.

This system functions better when trading a wider bracketed equation.

Three ideas come to mind:
  • The equation could be tweaked to yield a wider bracket following low range days. Have 2 equations, one that follows narrow range days and one that follows all other ranges. We could call those equations "Narrow Days Equation" and "Normal Equation".
  • Merely use one equation and just use the L4 and H4 levels following narrow range days to reverse off of. These would be 1/2 bracket days.
  • Do not trade following narrow range days.
What do you folks think?

Michael B.

P.S. Currently the way the system is being traded yields terrible results. Like I said, Position Size Management is necessary for this type of system to work. BUT with 9 consecutive losers those days following narrow range days need to be eliminated though some filter with the ideas above or new ones presented here.

P.S.S. Remember, backtesting is a tool to use to aid in decision making. One must not over optimize or curve-fit. Keep the parameters loose and simple as anything can happen in the future and one does not need a tight fitting glove. I am leaning towards choice #2 above.

 
It would be nice if the system could be tweaked to only run during trading hours 8:00 am to 4:15 eastern. I will play with some stop loss methods on the system this weekend this weekend.

fan27
 
Yeah that would be nice. Have Fun :)

Michael B.

P.S. If you are taking orders like a quick order fry-cook, could I order a system that does not require so much of my time (today was too much)? Perhaps identifying high probability trades from the equation and hold 24 hr with Position Size Management that I am suggesting currently (less consecutive losses please).


Quote from fan27:

It would be nice if the system could be tweaked to only run during trading hours 8:00 am to 4:15 eastern. I will play with some stop loss methods on the system this weekend this weekend.

fan27
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