AHG - Profitable Strategy for Struggling Traders

Thanks for everything you tought here.

Just fantastic how you did it - and you are still doing.

You opened my eyes. The rest is on me now.

All the best for the upcoming cycles...

 

Thanks Anek and other contributors for the best thread on ET since at least 2002.

Happy New Year, Prospero Anno Nuevo!

Good health, good cheer, peace, and prosperity to all in 2008.

 

Anek, same sentiments as everyone else, thanks so much for the past year. Also a big thanks to everyone else that has contributed and shared. And yes my trading is much improved and on a new course.

New Years Resolution: To be more thankful for my family, health, friends, good times and the small things in life that are its spice. Also, to move my trading to the next stage.

Don

 

Thank you Anek, Piscuy and others. You have not only taught us but also have had fun doing it !

 

Just learn a bit on the Easy Language on TradeStation and wrote my first ShowMe code on 3 Bar Reversal.

This is written to have a 'dot' printed on the magic tick on the printbar when the signal is generated. As the tick size for various contract is different, the default is 0.25 (applicable for NQ and ES), you could change it to 0.1 in the 'Magictick' Input parameter for the ER2 contract.

To allow for Modified HA Paintbar to show simultaneously, the signal color can be changed at the 'BuyColor' & 'SellColor' input value as well. The default setting is 'Cyan' and 'Magenta' respectively.

Please see an attched price chart with the signal on the Friday morning NQ 1000 share volume chart (price action showme is set to on as well).
http://img233.imageshack.us/img233/4350/3barreversal1anq071231ey9.jpg

As it is my first code, error might be made or improvement can be made, your feedback is welcome. Tradestation 'alert' feature is programmed, you will need to enable it. When this signal is triggered you will be alerted.


Please see the ELD file attached and code :
--------------------------------------------
Inputs:
BuyColor(Cyan),
SellColor(Magenta),
Magictick(0.25);

If High>High[1] and Low>Low[1] and Low[1]>=Low[2] and Low[2]<=Low[3] and Low[3]<=Low[4] Then
Begin
Plot1(High[1]+Magictick,"buyp",BuyColor);
Alert("3BR Buy");
End;

If Low<Low[1] and High<High[1] and High[1]<=High[2] and High[2]>=High[3] and High[3]>=High[4] Then
Begin
Plot2(Low[1]-Magictick,"sellp",SellColor);
Alert("3BR Sell");
End;
------------------------------------------------

 

This 3 Bar Reversal signal is not meant to be a general long / short entry.

As we learn from Master Anek, we will need confluence when multiple charts agree and multi signals agree. It is just helping us to see one type of signal for point of entry easier.

I will see whether I could move on to program the 2 Bar Reversal, Key Reversal Setup and Matching High/Low Signal, keep tuned.

Chiu

 

Chiu,

Small suggestion, plot the signal using an offset below and above the bar so it does not interfere with the highs or lows of the bar itself.

Eclipsing bar info is a sin other than that good job, especially for your first try at EL.

Also notice how the shorts in the downtrend at bounces work way better than countertrend or shorting the bottom, it is the confluence I speak. The missing one of course, are the trendlines. Then you got the complete trio.

Anek

 

The attached ELD file.

 

Brand new year 2008. Thanks Anek for all you have given to me and others. Your tireless ongoing effort to teach and review and share is truly amazing and an example and inspiration to all of us. Best wishes to all for a healthy and prosperous 2008.

 

So.......I don't think I've gotten this correct yet.

Is the trend on the anchor chart considered down now, or still a retracement in an uptrend, or neutral?

I see an obvious downtrend line over the last 4 days.

But it hasn't retraced to the 50% level of it's uptrend since 12/18/07.

My guess is neutral.
What is the correct answer?