HOME FORUMS BROKERS SOFTWARE BOOKS CONTACT US
Elite Trader Your Account  •  Become a Member  •  Help  •  Search    
    Forums ›› Technically Speaking ›› Strategy (System) Design ›› Chimp Charts and TradeStation  


Post A Reply
    Page 6 of 14:   1  2  3  4  5   6  7  8  9  10  11  12  13  14  
markknight
 

Registered: Feb 2003
Posts: 8

 

02-12-03 08:50 PM

i HAVE NOTICED IF YOU USE A CCI SETTING OF 30, AND ONLY ENTER AND EXIT WHEN THIS HAS CONFIRMATION, YOU MANAGE TO STAY IN LONGER TERM TRENDS, AM I RIGHT
M

    Edit/Delete Quote Complain
Trader Pete
 

Registered: Feb 2003
Posts: 138

 

02-12-03 09:25 PM

bobcathy, i have finalized the TS easy language to trade exactly on the parameters that you told me to set up and the system 'consistently' looks horrible. if you change the settings each day to make sure that things look like they will work your way, then you're fine, but the point is to find some kind of consistency in all the trading days to at least make a good judgement on what might work each time. hindsight is easy i guess. i think that you can successfully scalp using this method (like i did today) but im trying to find a way to use it universally so that there is not so much subjectivity to it...hope to find a way that will make it work??? any other suggestions?

Pete

    Edit/Delete Quote Complain
bobcathy1
 

Registered: Oct 2002
Posts: 2922

 

02-12-03 09:35 PM

That is what I got as well! Goose egg!

Somehow, when I do it live it works just great, but there is no way to tell the easy language what I know inside. The reasons I stay out, or get in....double peaks, or dips....flags, slim jims, windows. Stochastic divergences or confirmations. Morning gaps. Trading the bollinger bands.

I take bigger positions when the 13 min EMAs cross before the position I take on the one minute, or I have confirmation in the stochastics.

Don Miller's method was fairly easy to put into easy language, and it did not work well either. He said on his tapes that it does not automate well at all. I agree.

I did one thing that did work well on Easy Language.....2 line MA crosses on daily charts or 13 minute ones. Set to 5 and 15. Set up a trailing stop too if you fancy. The trick is exiting the trade. That is where the money is made or lost.

Also try to set up the bollinger strategy....works well on QQQ.

    Edit/Delete Quote Complain
Trader Pete
 

Registered: Feb 2003
Posts: 138

 

02-12-03 09:42 PM

i agree with you and congrats if you are trading the method well! i am always looking to see if this stuff can be translated into EL so that i can do better analysis on it. sounds like you're just using it as a guide and not actually as an objective "system".

hope to talk to you more about other trading ideas. do you use e-mail or AOL IM during the day?


Pete

    Edit/Delete Quote Complain
bobcathy1
 

Registered: Oct 2002
Posts: 2922

 

02-12-03 09:47 PM

I keep this page open all day. So when I am trading, I answer pretty quickly.

    Edit/Delete Quote Complain
bobcathy1
 

Registered: Oct 2002
Posts: 2922

 

02-12-03 09:51 PM


Quote from markknight:

i HAVE NOTICED IF YOU USE A CCI SETTING OF 30, AND ONLY ENTER AND EXIT WHEN THIS HAS CONFIRMATION, YOU MANAGE TO STAY IN LONGER TERM TRENDS, AM I RIGHT
M



I am not sure what you mean by this? I am not good at writing EL, I just use canned bits of it. What is a CCI setting of 30 mean?

    Edit/Delete Quote Complain
    Page 6 of 14:   1  2  3  4  5   6  7  8  9  10  11  12  13  14  
Post A Reply


Receive an email whenever a new post is added to this thread by subscribing to it.
 
Rate This Thread:

Forum Jump:
 

 

   Conduct Rules  -  Privacy Policy  -  Day Trader -  Day Trader Forum -  Best Trading Software -  Sitemap Copyright © 2013, Elite Trader. All rights reserved.    
 
WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures
Futures Brokerage & Clearing
AMP Global Clearing
Futures and FX Trading
Bright Trading
Professional Equities Trading
CTS
Futures Trading Software
DaytradingBias.com
Professional Trading Analytics
ECHOtrade
Professional Trading Firm
eSignal
Trading Software Provider
FXCM
Forex Trading Services
Global Futures
Futures, Options & FX Trading
Interactive Brokers
Pro Gateway to World Markets
JC Trading Group
Direct Access Trading
MB Trading
Direct Access Trading
MultiCharts
Trading Software Provider
NinjaTrader
Trading Software Provider
OANDA
Currency Trading
optionshouse
Option Trading & Education
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thinkorswim by TD Ameritrade
Direct Access TradingAdvertisement
TradersStudio
System Building & Backtesting
Trading Technologies
Trading Software Provider
Trend Following
Trading Systems Provider