Your favorite indicator

[riskarb]

Quote from infolode:

You retrain these every 5-7 days? On the same instrument, data set and time frame?

Seems like you'd get Stop Polishing dialogs when Error less than:0.0??? This tells the net when to give up on a particular neuron. When the performance gains are less than 0.001%, for example, there is no need to continue searching for better solutions, as any gains will be practically insignificant.

Just curious because I train and tweek mine quite often too.

Custom scripts is a freakin' nightmare to initally set-up and deploy but worth the effort in the long run.

Garbage and generated outliers. .....alotta grey hair

Yes, but more like every 10 trading days or due to a significant change in stat-vol. I continue running the last-gen as well.

 

[William Rennick]

Quote from infolode:

You retrain these every 5-7 days? On the same instrument, data set and time frame?

Seems like you'd get Stop Polishing dialogs when Error less than:0.0??? This tells the net when to give up on a particular neuron. When the performance gains are less than 0.001%, for example, there is no need to continue searching for better solutions, as any gains will be practically insignificant.

Just curious because I train and tweek mine quite often too.

Custom scripts is a freakin' nightmare to initally set-up and deploy but worth the effort in the long run.

Garbage and generated outliers. .....alotta grey hair

Now WTF did he just say? How in the hell does one trade like that. Reminds me of the time FogHorn Leghorn had to babysit the genius young chicken. Foggy folded a paper airplane and showed the egghead. The little genius scribbled out a formula, then folded a supersonic spaceage airplane that shot foggy's pathetic plane down in flames.
Ahh those were the days when they knew how to make a cartoon

 

[infolode]

Quote from William Rennick:

Now WTF did he just say? How in the hell does one trade like that. Reminds me of the time FogHorn Leghorn had to babysit the genius young chicken. Foggy folded a paper airplane and showed the egghead. The little genius scribbled out a formula, then folded a supersonic spaceage airplane that shot foggy's pathetic plane down in flames.
Ahh those were the days when they knew how to make a cartoon

LOL FogHorn LegHorn, one of my all time faves. The old maids kid(figure that one out) was the egghead.
I always felt sorry for the dog though, always getting his ass busted with a 2x4.

Good stuff

 

[billp]

Dan05,

With regards to your chart, what is the wavy line? Thanks.

I used to subscribe to esignal market profile (before they made their latest revision sometime in August/September). Not sure what's the latest revision is. Is the only difference being that we can plot the volume profile and market profile on the candlestick chart? Or is there some other new differences?

TIA

Quote from dan05:

Hi William

I totaly agree with you on trading Black Boxes signals.

I've been following one Black box signal since early this year. It is based on chaos theory and system dynamics. The same technology that is some how explained in the film The Bank.

I know from the company that they will also restrict the number of users to avoid over usage of their signal.

It is both a market prediction chart, and a trading signal.
What I find great of this indicator, is that you can trade the signals as provided and there is no guessing in knowing when to get in or out. It is pretty simple. You know several hours in advanced when you are going to get in/out/target and stop loss.

You can add other studies to their signal as they provide a charted prediction for the rest of the day, and updated every 15 minutes. I have found no other indicator that charts the market in advanced like these guys do.

Check this chart. I'm adding to the black box provided chart a Market Profile chart. I'm also testing with CCI, but so far, following the trades as they are given has proven to be very profitable.

The other good thing about this type of predictive indicator, is that if you follow TA indicators, you generally have subjective analysis to do. Having a Black Box, that works in many more dimensions that one could imagine, and that charts the market in advance helps a lot when TA is ambigous. Is like having playing chess with Big Blue on your side, and giving its opinion every 15 minutes.

I've been posting on my journal the results of trading with that approach.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=70418&perpage=6&pagenumber=17


Take care.

 

[Qwerty]

Price is my indicator, there is no better indicator than price & nothing is above price. All indicators are of no value to me, except price.

 

[JimmyJam]

Quote from William Rennick:

The problem with pivot points or any other indicator du jour is that they are widely used ... I'm not spamming as I have zero to gain by doing so . Just wanting to share and give my view as to why popular mass marketed indicators are a tool of the Big Fish (Smart Money who don't use them)feeding on the little fish(all the rest who do use them).

The problem with using a black box system, particularly when it has a great positive expectancy, is that when the algo's stop working you won't know what adjustments to make to fix them.

Oh, and they don't help a trader one bit with their learning curve and actually developing good, transferable trading skills and habits.

Pivots are a great tool for the beginner/intermediate level traders to work with to understand price action and how to take advantage of it ... and as far as the "big fish"/institutional traders, they actually have a completely different frame of refefrence than the retail crowd, so I really don't think "pivots" are a tool that's been thrown out there to fool folks ... seen'em work to often for that story.

But ultimately, as traders have stated previously, everything begins and ends with price action ... it's pretty much the best indicator of all, everything else is just a translator.

Best,

JJ

 

[5Pillars]

The best indicator is always.........P&L!

 

[ceniman]

The higher timeframe trend is my best indicator.

 

[dan05]

Hi Billp,

The wavy line is actually the predicted path of the market, for that day.

The system draws every 15 minutes, what predicts for the rest of the day. If helps a lot on every new candel, as it is a second opinion, by a multidimentional system, of what to expect. I've tested it with CCI and it worked great when you did not have a clear signal from CCI. I'm now testing stop losses based on Market Profiling, as you can imagine the fitting of the predictor, is not perfect, so you have to give room to the market to move on top of the predicted path.

Have a nice trading day.

Quote from billp:

Dan05,

With regards to your chart, what is the wavy line? Thanks.

I used to subscribe to esignal market profile (before they made their latest revision sometime in August/September). Not sure what's the latest revision is. Is the only difference being that we can plot the volume profile and market profile on the candlestick chart? Or is there some other new differences?

TIA

 

[yoohoo]

The moon - ie lunar calendar. It might not perform the best, but I like looking at it so it's my favourite cause it looks pretty. Then I add the Square of degrees and it just looks like it's gotta make money.

I don't use it for trading though!