YM in a Can
- Thread starter ElectricSavant
- Start date
I have looked rapidly: the levels of january seem to be false whereas the last ones are ok. Check datas.
Not necessarily, Because there is always a new recalc to get the next bracket current.
Michael B.
Michael B.
Quote from OddTrader:
Yes, I would think so, and guess either End of Section or H5/L5 would be needed for the SAR (and always-in) purpose.
conversely do not exit at the end of the day. Exit on the second high volume test of the opposite extreme of entry. this is the point where the daily range cannot be extended by any increased level of momentum.
This is exactly what this Journal is studying.
For me I do not really know where the price will go, I just want to get into a high probability position in case the trendiness charactarisitics prevail.
In other words, when its feeding time, I do not need to be the lead cow, I just want to be there.
This system being studied in the journal cannot stand on single unit trading. IT MUST HAVE POSITION SIZE MANAGMENT BASED ON MY SUGGESTIONS OR SIMILAR SUGGESTIONS THAT ARE BASED ON EQUITY CURVE, PRICE ACTION OR LEVEL BREACH.
(max consecutive losses will determine start capital required and I really do not want to committ 100k of my money to this.)
Michael B.
This is exactly what this Journal is studying.
For me I do not really know where the price will go, I just want to get into a high probability position in case the trendiness charactarisitics prevail.
In other words, when its feeding time, I do not need to be the lead cow, I just want to be there.
This system being studied in the journal cannot stand on single unit trading. IT MUST HAVE POSITION SIZE MANAGMENT BASED ON MY SUGGESTIONS OR SIMILAR SUGGESTIONS THAT ARE BASED ON EQUITY CURVE, PRICE ACTION OR LEVEL BREACH.
(max consecutive losses will determine start capital required and I really do not want to committ 100k of my money to this.)
Michael B.
Quote from ElectricSavant:
Thank you Fan27,
The completed backtest was "always in" never flat. Thank you.
I would be curious to see:Fan27, I appreciate your positive thoughts. I am feeling better already, Do you think you can do it? I am at your disposal. If you want I can send you $25.00 for each backtest I request (I realize this is not much, but its better than nothing)?
- Always in flat on Fridays
- Your ideas
- Only trading 1/2 brackets on all trades H4 and L4, always in never flat. Then the same and with flat on Fridays
- A hybrid of trading the normal equation as done now and H4 and L4 levels only after narrow range days, always in never flat. Then the same and with flat on Fridays
- And a coke, fries and I'm eating in the car.
Michael B.
What do you mean by only trading 1/2 brackets. I need exact requirements.
No need to send money. I am not doing this out of the kindness of my heart. I would like to trade a mechanical system that is profitable.
fan27
Fan27,
Like I said, we need each others ideas. (just now I need your expertise more than you need mine). I hope I did not insult you with my offer. I just believe in this work so much that I took a chance.
This is an open public ET thread. I am sure some more experienced traders have glanced at this thread and laughed to themselves. But, I still believe in this system. Rather than just keeping things to yourself, folks, try sharing, instead of letting me struggle along with this. Haven't I proven my intentions? I am sharing everything with the ET community. What are you scared of? And don't tell me that too many "in the know" dilutes this. BULL. This system reacts to just that anomoly.
Try just entering long at H4 and reversal at L4 (24 hr.), with the daily recalc. One Test "always in". Then one test flat Friday's. This should create less trades.
Now you can do a "hybrid" of this. Use the existing backtest and add the code to modify the formula after "Narrow Range Days" to just trade H4 and L4. "Narrow Range Day" needs to be: days < 75. Start with that and lets see what happens. You can tinker with the "Narrow Range Day" number.
I noted the consecutive loss segments in your first backtest report and tried to see what was happening with the bars. I am dissecting the report as we speak, and these are only preliminary findings. I do not know what Harry is talking about do you?
Also your values are using values like 10,592.20 etc... under the trades tab, are these YM prices? sorry for this naive question, I am not a backtestor.
Michael B.
Like I said, we need each others ideas. (just now I need your expertise more than you need mine). I hope I did not insult you with my offer. I just believe in this work so much that I took a chance.
This is an open public ET thread. I am sure some more experienced traders have glanced at this thread and laughed to themselves. But, I still believe in this system. Rather than just keeping things to yourself, folks, try sharing, instead of letting me struggle along with this. Haven't I proven my intentions? I am sharing everything with the ET community. What are you scared of? And don't tell me that too many "in the know" dilutes this. BULL. This system reacts to just that anomoly.
Try just entering long at H4 and reversal at L4 (24 hr.), with the daily recalc. One Test "always in". Then one test flat Friday's. This should create less trades.
Now you can do a "hybrid" of this. Use the existing backtest and add the code to modify the formula after "Narrow Range Days" to just trade H4 and L4. "Narrow Range Day" needs to be: days < 75. Start with that and lets see what happens. You can tinker with the "Narrow Range Day" number.
I noted the consecutive loss segments in your first backtest report and tried to see what was happening with the bars. I am dissecting the report as we speak, and these are only preliminary findings. I do not know what Harry is talking about do you?
Also your values are using values like 10,592.20 etc... under the trades tab, are these YM prices? sorry for this naive question, I am not a backtestor.
Michael B.
NihabaAshi post still challenges me. Straight question to NiahabaAshi:
If the level being signalled would be compared to the one minute WMA (I don't know what setting, but for the ES it would be 140. I still need charts and to study YM to get the setting for it) and if they were "like directions" could two units be traded?
Michael B.
If the level being signalled would be compared to the one minute WMA (I don't know what setting, but for the ES it would be 140. I still need charts and to study YM to get the setting for it) and if they were "like directions" could two units be traded?
Michael B.
Thank You for the smile
Michael B.
Michael B.
Quote from OddTrader:
Thanks, I can understand now.