This is a new Algo - developed mainly for testing. The code is based on looking at what is happening on the Current Bar ONLY for Entry. Drawdown on the ES - $16,775 ---- MES - $15,087. ES and MES Bizarro Code Absolutely NO Backtesting Required 10 Contracts (just for show) 60 days 20 Tick Range Bar -------------------------------------------------------- ES - Total Trade Analysis MES - Total Trade Analysis
Just added some text and a couple pictures to my post. NO - this is just for Testing purposes - just Coding new idea. For me - if I think of something - I have to see if I can Code it - kind of a sickness - LOL - but it keeps my old brain active.
I like the cut of your jib. Do you ever code for more traditional rules like the position sizing example in Ryan Jones, The Trading Game eBook? (link at bottom of page over here - https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-25#post-5549800
I used to do a lot of Position Sizing - very easy to Code. I could do it with my current code - but haven't really thought about it for quite awhile. Some of the Algos on my old website - I could turn the Position Sizing - On and Off. All my code now - is really just based on what I call True Price Action - "Inside" the Current Bar.
That's good to know. Still unclear as to your answer to the following question Would you consider coding for the rules in the example in Ryan Jones, The Trading Game eBook - chapter 13? (link at bottom of page over here - https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-25#post-5549800
I have never read his eBook - and more than likely - never will read it - and actually - never heard of him. I always do my own thing - when it comes to Coding and Trading - that way whatever I Code - is MINE. That is just the way I am - good or bad.
That's completely understandable. What if you were presented with a Simple written trading method. Would you consider taking a brief look and making a quick Yes/no or is an immediate No in the works, lol. That's cool too, Rather have a quick letdown that a runaround. Now, What if you were presented with a Simple written trading method with 3 simple buy and 3 simple sell conditions, The method will stay with a position until the reverse setup occurs unless the market goes against the position "too far" without the reverse setup occurring. You've been around and are completely qualified to define "too far" which ideally could be an adjustable parameter. That's it. Three very simplistic, very logical rules... Y/N?
This is a new Algo - developed mainly for testing. The code is based on looking at what is happening on the Current Bar ONLY for Entry. Instead of getting in at the Open of the Next Bar - the code can be set to try to get a better price. So - if you want to go Long - a Lower Entry Price - and if you want to go Short - a Higher Entry Price. Maximum Drawdown on the ES - $1583.00 ---- MES - $186.25 ES and MES Bizarro Code 25 Tick Range Bar One to Five Contract Entries per Bar Profit Target = 2 Ticks Per Contract Entry 10 days