ES Reversal Method

Discussion in 'Journals' started by no_pm_please, Mar 30, 2006.

  1. Did you get how to insert the second symbol on the chart?

    After that on the main screen you do insert ---> indicator --->
    CCI Average. Then on the chart right click with the mouse and left click on Format Analysis Techniques.

    This is what I see:
     
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    #31     Mar 31, 2006
  2. Then you select one of the CCI Average indicators and left click on Format. On the right side of the screen you should see a folder tab for Properties. Click on it and change the Base study on: to the 30 min. symbol.

    Here is what my screen looks like:
     
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    #32     Mar 31, 2006
  3. Here's what my screen looked like for the last buy.
     
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    #33     Mar 31, 2006
  4. Your version of TradeStation is different from mine. Somehow, your 30 min CCI chart looks crisper. Mine, I can barely see.

    Your first chart is misleading. It implies that the buy zone is triggered when the CCI Avg lines cross AND has to be above 100 for sell zone or below -100 for buy zone. That's why I was confused.

    I am still trying to figure out how to import the 30 minute data to 5 min. I'm familiar with the menus. Your is labeled slightly different from mine. I'm using 8.1 build 3066.
     
    #34     Mar 31, 2006
  5. My window bar spacing is 10. I'm using TS2000i. Since I don't know anything about 8.1 either someone else will have to help you or you'll need to contact TS support for help with the 30 min. symbol insert.

    NPP
     
    #35     Mar 31, 2006
  6. Visually back testing a little bit, it could be argued that the 30 min CCI Avg may not be necessary. Simply take trade when lines cross on 5 min. AND a new low paintbar is made for longs, reverse for shorts. Same trading rules apply.
     
    #36     Mar 31, 2006
  7. Stopped out at 1305.25. New low being made so wait for lows to stop before looking for another buy.

    High of day made in first 10 min. --- so far a trending day down.
     
    #37     Mar 31, 2006
  8. Can you post the EasyLanguage code for the high/low paint bars, please? I'll stop hounding after this.
     
    #38     Mar 31, 2006
  9. New low is 1303.25 so stop will be at 1303.00. Notice the stop is below the low of yesterday. If this trade is stopped out there won't be anymore buys for today.
     
    #39     Mar 31, 2006
  10. I separated the paint bar studies into new high and new lows. When I mixed the two the colors didn't come out right...could be a problem with 2000i.

    Here's the new high paintbar study.
     
    #40     Mar 31, 2006