Registered: Sep 2008
Posts: 2

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

Registered: Jan 2003
Posts: 1238

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Quote from 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

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Registered: Mar 2006
Posts: 588

I just wanted to post a quick update, as I've gotten some PM's over the past few years with the most common question being: Have the parameters changed?

I think the only change is that I moved to a 2000 Tick chart when the exchanges changed their reporting process to give us more ticks. I believe that was a year or so ago. Also the chart is using Ninja.

The chart looks a little different as I put the times at pst, black line is a 34 ema, and the blue is a Keltner 3 std dev band off of a 34ma. I just have these on the chart to give me a feel for the market, not to trigger a trade.

If you're reading this for the first time, please start with the first 5 pages of the thread as I think that has all of the info you might need.

I don't check back here much, so responses could be delayed a bit.

Take care

es 11_03_11.jpg
This has been downloaded 277 time(s).

Registered: Aug 1999
Posts: 8803

more example of first cross
http://www.bigmiketrading.com/attac...3985d1320333885

Registered: Jul 2011
Posts: 539

I coded a system almost identical to this one as my first one back when I was using NinjaTrader. It didn't work on backtesting. What it needs is additional info, such as trend channels, detecting higher lows, lower highs, and lots of other info. In the end, it was simpler to not really use it. I can see how it can be useful in a live trading environment though, when a trader observes the market and gets a feel for it. It allows you to focus on other things than just precise entry/exit points, and that helps. However, this is subjective and there are no strict rules on "feeling the market" so this system is not for automation. It only works for the people with the right mindset, and even then it's just a psychological support more than a quantitative/statistical support. Not to mention importance of money management.

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