Traders Laboratory - View Single Post - Any Delta Divergence Ideas?
View Single Post
  #1 (permalink)  
Old 02-28-2008, 05:19 PM
swansjr swansjr is offline
swansjr is profitable 2Q

Trader Specs
 
Join Date: Oct 2007
Location: Gurnee, IL
Posts: 18
Thanks: 5
Thanked 2 Times in 2 Posts
Any Delta Divergence Ideas?

The indicator appears to hold potential as a possible entry signal. However, since it requires live data I'm having a heck of a time testing it. Currently I have a very basic system in order for me to get the feel of how the indicator works with live data.

My setup is this:
5-minute chart of YM
When Delta Divergence fires go Long/Short on next bar at market
Set Target of 25 points
Set Stop of 30.
Only trade during 8:30 - 14:30 (central)

I started testing this about a week ago and looks like it has potential. Obviously there will need to be changes and a lot more testing. Thus to help speed this up I was wondering if anyone else had some ideas on using Delta Divergence as part of a trading system? Or maybe you just have an idea such as a filter to exclude signals. Anyway, would love to hear some thoughts on using Delta Divergence.

Thanks all.
Jeff

Reply With Quote