Welcome to the Traders Laboratory Forums.
Coding Forum Collaborate, receive help, or discuss coding related issues.

Reply
Old 11-19-2010, 12:03 PM   #1

Join Date: Jan 2007
Location: chicago
Posts: 45
Ignore this user

Thanks: 1
Thanked 49 Times in 14 Posts

Automate a Profitable Trading Method

My current trading method is very profitable. I would like to automate it if it is possible. I am not sure if it is because it requires me to read 2 different period charts.My trend chart alerts me to a possible trade up coming. The second my entry chart I then go to to see If one of 5 possible trade entries is setting up. The entry is triggered if I get the right price action from the entry point. For example for a long I have to get price moving to a new bar High compared to the last 2 bars.

I use a limit order and OSO to set my profit and stop currently.

Thanks for any input.
hunter1 is offline  
Reply With Quote
Old 11-19-2010, 12:44 PM   #2

Jeff65's Avatar

Join Date: Apr 2010
Location: Gurnee
Posts: 24
Ignore this user

Thanks: 13
Thanked 13 Times in 6 Posts

Re: Automate a Profitable Trading Method

In tradestation you can have two different timeframes on the same chart. Thus, the automated strategy can take information from both timeframes to determine when to trade. This is possible. However, the time frames can not be mixed, if I remember correctly. That is, you can't mix tick and minute charts.
Jeff65 is offline  
Reply With Quote
Old 11-19-2010, 12:51 PM   #3

Tams's Avatar

Join Date: Sep 2008
Location: Geelong
Posts: 3,779
Ignore this user

Thanks: 2,084
Thanked 1,474 Times in 912 Posts

Re: Automate a Profitable Trading Method

Quote:
Originally Posted by hunter1 »
My current trading method is very profitable. I would like to automate it if it is possible. I am not sure if it is because it requires me to read 2 different period charts.My trend chart alerts me to a possible trade up coming. The second my entry chart I then go to to see If one of 5 possible trade entries is setting up. The entry is triggered if I get the right price action from the entry point. For example for a long I have to get price moving to a new bar High compared to the last 2 bars.

I use a limit order and OSO to set my profit and stop currently.

Thanks for any input.
if you can articulate a logic,
you can code it into a program.

what you have written above is a concept.
to program it, you will need to work out all the permutations
and decision trees.

try a flow chart as a starting point...
__________________



Only an idiot would reply to a stupid post
Tams is offline  
Reply With Quote
Old 11-19-2010, 12:53 PM   #4

Tams's Avatar

Join Date: Sep 2008
Location: Geelong
Posts: 3,779
Ignore this user

Thanks: 2,084
Thanked 1,474 Times in 912 Posts

Re: Automate a Profitable Trading Method

Quote:
Originally Posted by Jeff65 »
In tradestation you can have two different timeframes on the same chart. Thus, the automated strategy can take information from both timeframes to determine when to trade. This is possible. However, the time frames can not be mixed, if I remember correctly. That is, you can't mix tick and minute charts.
you can mix bar types in MultiCharts.
__________________



Only an idiot would reply to a stupid post
Tams is offline  
Reply With Quote
Old 11-20-2010, 08:19 AM   #5

Join Date: May 2008
Location: amsterdam
Posts: 114
Ignore this user

Thanks: 25
Thanked 39 Times in 30 Posts

Re: Automate a Profitable Trading Method

using a simple litle function in tradestation you are able to convert ticks to any timeframe you wish, eliminating the fact that you must use 2 or more charts with different tf's in order to gather data from multiple tf's. all can be done within the tickchart
flyingdutchmen is offline  
Reply With Quote
Old 11-21-2010, 11:54 AM   #6

Join Date: Jan 2007
Location: chicago
Posts: 45
Ignore this user

Thanks: 1
Thanked 49 Times in 14 Posts

Re: Automate a Profitable Trading Method

thank you for your replies. I am writing out my logic in detail then shall see where I go from there.
hunter1 is offline  
Reply With Quote

Reply

Thread Tools
Display Modes Help Others By Rating This Thread
Help Others By Rating This Thread:


Similar Threads
Thread Thread Starter Forum Replies Last Post
Edge VS Mentality jonbig04 Trading Psychology 157 12-01-2008 01:48 PM
Jperl's Trading With Market Statistics Summary Soultrader Day Trading and Scalping 0 01-27-2008 03:56 AM
There Are No Shortcuts To Trading EveryDay lrushing Trading Articles 1 12-23-2007 07:49 PM
Trading: Art or Science Joe Ross General Discussion 22 09-22-2007 09:40 PM
Three Pervasive Myths in the Trading World Brett N. Steenbarger Trading Articles 9 01-02-2007 12:48 AM

All times are GMT -4. The time now is 03:14 PM.
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
CS to VB integration by DeskLancer
©2006-2011 Traders Laboratory, All Rights Reserved.