Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

waveslider

Free System

Recommended Posts

I posted this on a dead thread elsewhere and will repost it to see what interest it generates.

 

ES on any time frame up to 30 min. Six years on the report performance

 

No parameters. No optimizations. Lots of trades. Low drawdown. But I ask you - who will trade this? I mean actually trade it? Not too many. Why? It's pretty, no really boring - and requires no intellectual input. You are a monkey. Still it makes an important point.

 

I'll trade you for one concept that has helped you in your trading.

 

This is barter. But any honest trade will be accepted :)

Share this post


Link to post
Share on other sites

One of the things that has helped me most in my trading is that of position sizing relative to market volatility. This is easy to implement for stocks or forex but not e easy for futures unless you are using large size. This way I can pretty much normalize my risk without worrying about highly volatile markets because I have positioned my trade to take account of it

 

 

Paul

Share this post


Link to post
Share on other sites

Many have said that the characters of the equities markets worldwide have changed over this past year, less predictable perhaps. I think the best thing to do amidst this environment is to become a master of continuation patterns.

Share this post


Link to post
Share on other sites

Hmmm, I must have some old junk.....err I mean....holy grail idea to trade with you. Looks like a decent little system. Let me try and think of something you would like :) I guess anything to do with lines and geometry is likely to be in your toolbox already.

Share this post


Link to post
Share on other sites

Hi Waveslider,

 

May I ask how the system performs in other markets or is this strictly for US indexes? Have you tried it on the stoxx50, FTSE, Nikkei 225, or ever bonds and some comods? The system looks pretty good to me. My day is filled with study not really trading - that is what the system are for. If I get bored, then I need to study something that interests me :)

 

All my best,

MK

Share this post


Link to post
Share on other sites

Sorry mk,

its not likely to work, it is a specific pattern for US markets.

 

Blowfish,

whatever, I know you - just pm me.

 

OAC,

you're right, markets always changing. Momentum seems to work again sometimes... maybe the turtles will return!

 

Thanks to everyone who has responded. If you make a million, you owe me a bottle of wine - that's fair right? Or one bottle per million.

Share this post


Link to post
Share on other sites

Trading only at daily highs and lows can be bread and butter all by itself. This concept can be extrapolated to trading at major support and resistance in general only. Patience required, great payoff.

 

Another one: take some P&F charting patterns, and map them to standard bar/candle charts for some interesting perspectives.

Share this post


Link to post
Share on other sites
Guest forsearch

Another one: take some P&F charting patterns, and map them to standard bar/candle charts for some interesting perspectives.

 

Could you post an example of what you are talking about here?

Share this post


Link to post
Share on other sites

I am a boring - no really boring, newbie with fried synapses from too much intellectual input. I envy the life of a monkey. Not much output to give, however, I have found fib-zone pivots rather interesting.

Edited by stanlyd

Share this post


Link to post
Share on other sites

Ok - a concept that has helped me with my trading. How about the fact that when trading breakouts one should not trade ones full position size on the initial break. Rather, trade for maybe 50% of ones size straight away, and wait fot the trade to go away, retrace, and confirm your level as support or resistance. THEN increase size.

 

In general, scaling in / out of positions is better than just having an all or nothing strategy as it's far easier to be right about direction than timing.

 

That the sort of thing you're talking about?

 

GJ

Share this post


Link to post
Share on other sites

I don't know anything about waveslider's system, but it sounds like it is a simple but profitable system based on US market internals ($ADV, $TRIN, $VIX etc).

 

There are some well known and established (read 'old') systems that work similarly. Recently on the TS forum, Mark Brown started writing about his 'Oddball' system again. So, here it is, one line of code:

 

I used a variation of Oddball back when it was hot, and stopped trading it using a stop mechanism on the equity curve so managed to avoid the DDs. I recently started to look at it again and have since built some day trading models based on the concept. I know a few guys on this forum that made fortune with Oddball variation on 30min bars and shorter and many institution that followed the trades on 60min.

 

Oddball is a gold mine period.

 

nworbkram - What value do you recommend for ADV? I ran a test and a lot of them seem stable or long data sets. Any numbers to share here?

 

This has to be a world record for the shortest profitable system ever!!

{Variation of Mark Brown's Oddball System in Active Trader Magazine, Dec 2000. by nworbkram} 
Input:test_level(optomize number here); 

If c data2>test_level then buy this bar else sell short this bar;

 

This is a wildly known system so it is no secret and hopefully Mr. Brown won't mind this post. More info on the TS forum and markbrown dot com. Here is more information:

 

What really separates this model from any other concept is that it uses the Advancing Issues of the NYSE.

 

This Data 2 source ALONE is the trigger for the buy and sell signals. Think about this a model which does not really care what the DATA 1 is. It is mindlessly calling out buy and sell signals across a very Broad Market of tradable market symbols from only DATA 2.

 

This systems uses the Day Session Only Data. It also uses a little know obscure feature in TS called Natural Hour. DATA 1 should be setup as the market you want to trade, DATA2 should be setup as the $ADV symbol. Both of these should be 60 minute Natural Hour bars.

I am not sure the statement of irrelevancy of DATA 1 is absolutely true. It would have to at least be something that is not inverse to the general market direction.

Share this post


Link to post
Share on other sites

If you guys like exogenous data series systems, check out Lawrence Chan's posts on the NeoTicker blog. He reveals some very simple systems that also completely ignore 'data1' or price and that profitable. He even has an improved oddball system.

Share this post


Link to post
Share on other sites
Guest biswayroop

Thanks guys, yeah once i get the basics down going to start the grind of screen time. That's why i love ninjatrader so much, i just leave my pc on the entire day while at work, then come home and replay the day's action tick by tick and paper trade it.

Share this post


Link to post
Share on other sites

A few things that have helped me...

The first was switching from candlesticks to OHLC bars

Also tape reading has helped with entry and exits.

Third is trader psychology, trading in the zone has helped me look at the market differently

Share this post


Link to post
Share on other sites

I have only been trading for a short time and probably can't tell you anything you haven't heard already, however I hope to learn a lot as I go forward and can tell someone new down the rioad one thing taht will add to his/her success.

Share this post


Link to post
Share on other sites

As a possibly ironic twist to this thread, I suggest as a general rule being cautious about trading someone else's system. Certainly, we can appropriately borrow individual ideas from other people. In many instances, though, the final crafted product should reflect the aptitudes and preferences of the person trading it.

Share this post


Link to post
Share on other sites

Trading psychology is critical. We often sabotage ourselves. Trading is one of those things that if done really well can make huge success. If we are not psychologically ready for that huge success, we may sabotage ourselves without even realizing it.

Share this post


Link to post
Share on other sites

Re: Free System

 

Not really sure what your looking for but I can tell you from personal experience, making less actual trades in a day will make more money. Having a goal for the day and quiting (or dramatical cut trading size) has made my trading more effecient and less stressful.

Share this post


Link to post
Share on other sites
I appreciate your reply but I use TradeStation. Does anyone know where I can find the Scalper and Pivot that works with Tradestation?

 

Scalper for TS:

http://www.traderslaboratory.com/forums/f46/scalper-buys-sell-replica-2124.html

 

 

DDF Value Chart, thanks to Blu-Ray

http://www.traderslaboratory.com/forums/f56/ttm-ddf-value-chart-3388.html

 

I will try to find the Squeeze and others :cool::cool::cool:

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 29th March 2024. GBPUSD Analysis: The Pound Trades Higher But For How Long? The global Stocks Markets are closed due to Easter Friday (Good Friday). The NASDAQ continued to follow the sideways trend while other indices again rose. The SNP500 reaches an all-time high, but the NASDAQ remains under pressure from Tesla, Meta and Apple. The Euro continues to trade lower against all major currencies including the US Dollar, Euro and Japanese Yen. The British Pound is the best performing currency during this morning’s Asian session. However, investors are largely fixing their attention on this afternoon’s Core PCE Price Index. GBPUSD – The Pound Trades Higher but For How Long? The GBPUSD is slightly higher than the day’s open and is primary due to the Pound’s strong performance. At the moment, the British Pound is increasing in value against all major currencies. However, the US Dollar Index is also trading 0.10% higher and for this reason there is a slight conflict here. If investors wish to avoid this conflict, the EURUSD is a better option. This is because, the Euro depreciating against the whole currency market avoiding the “tug-of-war” scenario. The GBPUSD is trading slightly lower than the 2-month’s average price and is trading at 49.10 on the RSI. For this reason, the price of the exchange is at a “neutral” level and is signalling neither a buy nor a sell. The day’s price action and future signals are possibly likely to be triggered by this afternoon’s Core PCE Price Index. Analysts expect the Core PCE Price Index to read 0.3% which is slightly lower than the previous month but will result in the annual figure remaining at 2.85%. The PCE rate is different to the inflation rate and the Fed aims for a rate between 1.5% to 2.00%. Therefore, even if the annual rate remains at 2.85%, as analysts expect, it would be too high for the Fed. If the rate increases, even if only slightly, the US Dollar can again renew bullish momentum and the stock market can come under pressure. This includes the SNP500. Investors are focused on the publication of data on the UK’s gross domestic product (GDP) for the last quarter of 2023: the quarterly figures decreased by 0.3%, and 0.2% over the past 12-months. This confirms the state of a shallow recession and the need for stimulation. The data, combined with a cooling labor market and a steady decline in inflation, increase the likelihood that the Bank of England will soon begin interest rate cuts. In the latest meeting the Bank of England representatives did not see any members vote for a hike. USA500 – The SNP500 Rises to New Highs, But Cannot Hold Onto Gains! The price of the SNP500 rises to an all-time high, before correcting 0.33% and ending the day slightly lower than the open price. Nonetheless, the index performs better than the NASDAQ which came under pressure from Tesla, Meta and Apple which hold a higher weight compared to the SNP500. For the SNP500, these 3 stocks hold a weight of 9.25%, whereas the 3 stocks make up 14.63% of the NASDAQ. The SNP500 is also supported by ExxonMobil’s gains due to higher energy prices. The market will remain closed on Friday due to Easter. However, the market will reopen on Monday for the US and investors can expect high volatility. Investors will also need to take into consideration how the PCE Price Index and the changed value of the US Dollar is likely to affect the stock market next week. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • MT4 is good and will be good until their parent company keep updating the software, later mt4 users will have to switch to mt5.
    • $SOUN SoundHound AI stock at 5.91 support area , see https://stockconsultant.com/?SOUN
    • $ELEV Elevation Oncology stock bull flag breakout watch , see https://stockconsultant.com/?ELEV
    • $AVDX AvidXchange stock narrow range breakout watch above 13.32 , see https://stockconsultant.com/?AVDX
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.