REQ Help with Trend Indicator

[pipper]

Hey Guys
I am new to the forum and relatively new to trading. I read this thread @ the indicator and was interested because I use a simple system of moving averages to trade the ym with. I use a 5 ema on close. a 6 ema on open. I simply wait for a cross and buy/sell on a pullback to the 5 ema.I have been very interested in the VSA and these VWAP and have been playing with tick delta lately as well. I love the website and great effort everyone puts in to it.

AG

[walterw]

Blu-Ray: My question : once the bar closed, the diamonds will not change color ? no repainting ? nice job Blu-Ray ( as usual )... cheers Walter.

[walterw]

	Quote:	pipper
	Hey Guys I am new to the forum and relatively new to trading. I read this thread @ the indicator and was interested because I use a simple system of moving averages to trade the ym with. I use a 5 ema on close. a 6 ema on open. I simply wait for a cross and buy/sell on a pullback to the 5 ema.I have been very interested in the VSA and these VWAP and have been playing with tick delta lately as well. I love the website and great effort everyone puts in to it. AG

pipper : can you post a chart of this trades ? sounds simple... cheers Walter.

[pipper]

Hi Walter...it is really a simple strategy ...this is basically a 3 bar play... find a time frame with 3 bars between ma xovers. then there is a few points to be made.
first bar is signal - shows a crossover of ma's when bar closes
second bar is entry bar - extrapolate where 5 ema will be if it were a straight line and place limit order at this 5 ema extrapolation point..
third bar - high/low(depending if you went long or short) is the first target.
if I find a time frame with 3 bars between ma xovers. then there is a few points to be made.
it seems simple but you have to be fast on the orders...especially playing the 144 tick chart.


I really like this entry technique as it guarantees a minimum move. I work full time so I don't get alot of trading time unless I work evenings.
I would love to make a full time occupation of trading!


Anthony pipper_boy@hotmail.com

[bheubach]

pipper
Thanks for sharing your method for trading the YM. Would you mind posting your MACD settings. Thanks.

Wilson

[pipper]

Hi Wilson

Macd is 5 13 6

AG

[jjthetrader]

	Quote:	Dogpile
	hi guys... I have been working on something similar so thought I would chime in... rather than have the indicator follow price as in a close relative to a moving average, personally I find it more useful to compute a price in advance that signals a 'reversal' if touched. Thus you can see a 'mechanical trigger point' in advance rather than having to wait for a bar to close. I realize this is really only a minor difference in what you are doing but thought I would throw this in anyway.

My friend, what you are describing is a strategy. This is merely an indicator. However, I have worked out a nice little strategy from observing price action around the white diamonds if it's been in a consistent (6 bars) trend. For my strategy this indicator works best on a 2min chart and will scalp 1 point off the ES nicely. I set entry at the low of the bar creating the white diamond (if going long). Of course there's more to it than that but you get the idea of how a mechanical entry could be set by using an idea like this. It's similar to yours, waiting for a pullback.

I do appreciate your post as I'm always interested in incorporating new things. Thank you.

[jjthetrader]

	Quote:	pipper
	Hey Guys I am new to the forum and relatively new to trading. I read this thread @ the indicator and was interested because I use a simple system of moving averages to trade the ym with. I use a 5 ema on close. a 6 ema on open. I simply wait for a cross and buy/sell on a pullback to the 5 ema.I have been very interested in the VSA and these VWAP and have been playing with tick delta lately as well. I love the website and great effort everyone puts in to it. AG

Thank you for contributing to the thread. It's very interesting how different folks use MA's for trading. Have you created a strategy for this and backtested it?

[pipper]

Hi JJ

make sure you look at the charts again....remember

second bar - entry at 5 ema.... to hi/lo of 3rd bar is target
depending if u went long or short.
we can research 100 days of xovers...entry price on second bar to h/l of 3rd bar can be measured.
then you can see that 9times out of 10 the market will move "n" number of points.
as an example n = 5 then you are guaranteed 4 ticks on a limit order. the 512 tick on the ym can some days only give 4 to 5 entries all day. you would 9 times out of ten be guaranteed "n" number of points.
I do have an indicator on my 512 chart in the example above. it is a simple indicator for ema/ema or ema/wma xover.
Anthony
yes JJ. it is simple to backtest...just check the first couple of hours every morning. I am still working on a better way of using this entry technique... I am hoping to find ways to filter trades on this forum. I oringinally did this play off a 144 tick on the ym. lots of trading and lots of commissions : ).

[pipper]

JJ
I just realized that you meant a backtest in TS. I don't know much @ that or how to do it at all. sorry

AG