Nice Job Fader. This system works great on days like this. It will even work on Trend days you just have to take profit earlier.
After a bit of trial and error, it looks to me like TS (with your settings) is building the channel using the 20-bar SMA +/- 2.5 * the 20-bar ATR. Also, in case anyone cares, since the channel height is therefore always 5 times the ATR, another way to compute the stop would be 1.66 (5/3) times the ATR. (This is interesting to me because I've often used that same multiple of the ATR in my stock trading systems.)
no pm, i have read your posts in this thread and the other. if i understand correctly, you will not trade today because it's a fed day. maybe during this down time you can clarify something for me. in your previous thread, you said that you trade this method and an advanced method. i am still unsure if the performance stats you have given at various times refer to this method alone or the combined method. can you please give your stats for this method alone for as long a continuous time period as possible? win%: avg % gain on closed winners: avg % loss on closed losers: reward/risk: (calculated using closed winners and closed losers) longest losing streak: in previous posts, you have referred to your reward/risk ratio on an individual winning trade as actual gain / anticipated stop loss. this seems to be fine when viewed from one perspective. however, that statistic can be very different than the average of all the closed gains divided by the closed losses. can you please provided the reward/risk ratio calculated this way? thanks.
Backtesting for me is walking through my trades manually using your strategy. I agree it would be difficult to program this strategy. Its not the way I trade, but it works fur shur! ..especially on days I would never touch ..until now. Thanks again.
guys, i am trying to set up the indicators on my charting software (Medev quotetracker). however, there several parameters with each indicator. which ones are the correct ones for this method? Keltner Bands Period: Offset: ADX DMI: Average: Parabolic SAR Increment: Maximum: Min Gap %: CCI Period: Signal: Based on: Chaikin Oscillator EMA1: EMA2:
i saw that gif file. the problem is the indicator in quotetracker seems to have different numbers of parameters. take the adx for example. in the gif file, it says the input value is 14. in quotetracker, there are 2 parameters that require an input value.
sigh, i think different vendors calculate the sames indicators differently http://www.insideedge.net/wilderadx.php
Jerryz Checked that website out. I see what you mean. I have Tradestation. So, I could duplicate the no_pm's chart exactly. I can give you a print out of the names of each of the TS inputs if you want.