FREE ES Trading Strategy that works

Discussion in 'Strategy Building' started by DonKee, Apr 29, 2009.

  1. DonKee

    DonKee

    A couple of comments that might help you out in your search for profits.

    1) It has been stated multiple times, in this thread, this is not a system

    2) 10 days is never going to be enough time to backtest a system nor come to any conclusions regarding its' potential for profits

    Part of becoming a succesful and profitable trader is finding a methodology that fits your temperment, your availability to trade, and your own risk/reward comfort levels.

    I hope you are sucessful in your journey.
     
    #191     Jul 18, 2009
  2. HooLee

    HooLee

    This is a good setup to trade with. It can often be seen in different markets, in all timeframes. Here is the current crude daily chart, there is an "Anti" short in the first trading day of July, and a "First Cross" short is now setting up.

    One way to weed out the bad trade is to pay attention to the 20 EMA. In fact, if we were to follow LBR's setup closely, we'd need to see price stalls at 20 EMA area. That is how I understand it.

    [​IMG]
     
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    #192     Jul 21, 2009
  3. DonKee

    DonKee

    Nice catch on the crude.

    While the ES has been in narrow ranges, I've been having a lot of success trading the Euro. The moves can be pretty quick and the volatility is higher, but I just adjust by stepping down size.
     
    #193     Jul 21, 2009
  4. All you tested was !0 days ? You are joking, aren't you ?
     
    #194     Jul 21, 2009
  5. WooDoo

    WooDoo

    You are right. I usualy look at least for 500 trades for optimization. Unfortunately, I have no longer term ES NQ YM tick by tick database. !0 days- it is only 46 trades. Moreover, last week was not very typical, I think. I'm still watching DoonKee systems performance, have added Wilders averages for trend confirmations, it apaears, that Wilders MA works better, than sma or ema.
    Will post this week out of sample trade report later.
     
    #195     Jul 22, 2009
  6. DonKee

    DonKee

    It would be great if you could figure out a way to filter the entries so you are entering on the first pull-back of a new swing, rather than entering on pull-backs when the trend has been ongoing for an extended period and is exhausting itself.

    The difficulty in programing that aspect of the entry is one reason why the parameters might need to be monitored visually by the trader.

    Looking forward to your progress. Good luck with it.
     
    #196     Jul 22, 2009
  7. HooLee

    HooLee

    Maybe this will help --

    If current swing high(low) exceed last swing high(low), buy(sell) the first pullback.
     
    #197     Jul 22, 2009
  8. Now I see you are seriously working on it.You will need to test about 36 calendar days of ES to get reasonable sample size.
    While you at it, try to find and define reversal patterns with your indicators.
     
    #198     Jul 22, 2009
  9. eurolinux

    eurolinux

    You all need to understand that mechanical systems based on TA using indicators DO NOT WORK in a long run

    one can optimize the parameters Stops and PT even include BE or scratch even walk forward test it

    in a long run it will all fall apart

    Just apply this strategy to NQ and YM see how robust it is

    after all the market is not made of moving averages and indicators those are only a mathematical formulas that mean nothing
     
    #199     Jul 25, 2009
  10. Do you know why it will all fall apart ? Once you know that , life gets much easier.
     
    #200     Aug 1, 2009