Anyone use my method?

see attached file

 

Ditch

In which version of ensign is that please?

 

Sevenfirs, the template you got does also draw divergences automatically.

 

no_pm_please,

It's great to see you back. I'm glad that this has proven to be rewarding enough for you to give up the studio sessions; you didn't seem pleased with them from what I could tell.

Questions: Am I correct in thinking, based on chart comparisons, that your Keltner is based on a simple moving average? In my experience most Keltners are EMA based, but comparing our charts, there's a better fit with SMA. Doesn't look bad with an EMA either, have you compared?

I'm thinking that a possible money management move with this might be to take partial profits when the other side of the Keltner is touched, then let the parabolic kick in. That way if there's a significant reversal at the opposing Keltner, maximum profit has been locked in on at least a portion of the trade. Any thoughts on this?

Thanks,

MarkB

btw, I'm using Fibonacci Trader. It also has a highly customizable divergence tool, and the ability to build alerts when certain combinations of conditions arise based on indicators.

 

Thanks Saico! Happy trading!

Thank you no pm please for your generosity once again.

 

I don't know what is behind the Keltner channel computations. I'm using TS 2000i. I looked in the user section and it just says it's a average (doesn't say what kind).

The only way to tell if you should take partial profits is to paper trade both full exit and partial exit and after a few months see which is better. I found that I was leaving so much on the table by exiting at the Keltner band that I made the change. I've tried parabolic stops before but I never changed the tightening function. I think the .015 works well.

npp

 

Well I guess i got my answer. Seems very few trade off of divergences and noone used the original method for the SP/ES market. I think this is good stuff but I'm pretty biased.

Good luck to everyone. Tomorrow is a Fed day so I won't be trading.

 

i think i have just plugged in no_pm’s settings without adjustments –

the code draws divergence lines in the DYO study subwindow because the scaling works better than in the CCI study subwindow and makes the lines easier to see and check – otherwise, the DYO study is set to read the values from the CCI study.

here’s the ensign template i am using with his settings.

 

and here's today's mechanical trade output.

 

Actually no_pm, I did use your method for quite some time. I found it to be very productive and profitable, and if you recall, I participated actively in the original thread with questions and suggestions.

I had a couple of problems with the methodology based on my own psychological makeup. I was exiting too early, and looking for more entries. Plus my hardware and TS combo wasn't too stable back then. I'm really glad to give this a revisit, especially because I feel that I have more to contribute to systems development at this point.

Thanks again,

Mark