On a side note ... OP is using the 4 indexes order book imbalance as a signal, Have you ever heard of the NYSE TICK ? Based on # of NYSE stocks UP or DOWN ticking
Been away for quite awhile - due to health problems mainly. Plus - worked to finish my newer Algos. Actually had them done quite awhile ago - but wanted to test them first - always trying to improve the Code. Here are some snapshots - of what I call my "DirtyAI". I live in the Seattle area - East Side of Lake Washington - and between the Main Microsoft Campus - and a Google Campus. Believe it or not - there are some Programmers - from Microsoft and Google - that used to come to Trading Meetups - that I did at a local Starbucks - until Covid - but we may be starting the Meetups again. They make a lot of money - so it blew me away - when some were also Trading on the side. We even had some Meetups - at the Main Microsoft Campus in Redmond - which I doubt will happen anymore - mainly because of the Covid scare. A Microsoft Security Guard - would meet you at the door - take you to the Meetup Room - and when the Meetup was over - take you outside. Very strict on Security. Anyway - that was a chance for me to learn more about AI - and the potential. I do a lot of coding - and this changed the way I code - and started incorporating some of the things I learned. I call it my DirtyAI - because I thought what I had as far as Code - was good - but saw how I could improve the code - using what I learned from professional programmers - that work with AI. Dirty Algos 1. Algos are Black Boxed 2. Absolutely - NO Backtesting - as there are NO Inputs 3. And absolutely - NOT - based on Indicators of any kind 4. Based on - mainly on what I call - True Price Action 5. Trade decision is based on looking at Multiple Markets - and other things 6. Works for Scalping and Scalp-Trend combination and Trend 7. Same Algo works on all instruments ---------------------------------- ---------------------------------- Here are some screen shots - all based on 10 day trading period ---------------------------------- Scalp Setup ---------------------------------- Trend Setup ---------------------------------- High - WinLoss Ratio - my Favorite Setup ---------------------------------- The follow snapshots show the same Algo - with Mixed Instruments and Mixed Intervals - again (NO Backtesting) - it is all about the Algo
"4. Based on - mainly on what I call - True Price Action" Yet you are showing pseudo bars. What is true about that is trade by trade price does not plot that way.
I forgot to add the snapshot of the "HighWinLossRatio". Please see the chart above - that says "High - WinLoss Ratio - my Favorite Setup". As it says - this is my Favorite Setup. Although it has a much lower Winning Percentage - please look at the following. 1. Percent Profitable 2. Average Winning Trade 3. Average Losing Trade 4. Ratio AvgWin/AvgLoss This is because there are a lot of BreakEven trades. While I want Winners - if I am going to Lose on a Trade - I would prefer - to BreakEven. Sure - there will be times - you get in a trade - and the Market - immediately goes against you - and you LOSE. But - the key to surviving - is NOT to let a Winning trade turn into a Loser. I hope what I am saying - helps some traders. This goes back to my early trading - I would have a Winner going - and watch it come back against me - end up LOSING on the trade. I am sure - NO other traders have experienced that - LOL. I finally solved the problem - which was ME - I must have been thinking - I was smarter than the Market - and the Market - decided to teach me a Lesson. Whenever I code - one of the main things I consider - is Protecting Profit - once I am in a Profitable Trade. Once Price goes into Profit - "x" distance - put your Stop immediately - to BreakEven or better - but leave room for Price to RUN. Traders do NOT need MY Algo to do that - it is so simple to do. I hope this helps some traders. This snapshot is for the ENQH24 above - see the "High - WinLoss Ratio - my Favorite Setup".
It is easy to make comments like you did - but I will keep this positive. Say on Monday or Tuesday - next week - you are welcome to come into a Zoom Room or Skype - and WATCH - in REAL TIME. And - if you want - I will change some of the "Intervals" - just for you - you tell me what you want - and you will see - in Real Time. While I doubt if you will come into a room - that is my offer to you. Hell - it may totally fail when you come in - who knows - but I am willing to let you watch - in REAL TIME. If you decide to come in a room - send me a Private Message - I will then send back a link for a Zoom Room. Or - send me your Skype Name - if you have one - but do it in a Private Message. Actually - I may do the same - for other traders - but send a Private Message.
IMO positive is keeping it real. Minute tick or volume based bars are real. All others are pseudo, especially the "coded" ones. We seem to differ on that. I gave my opinion. Others, can take it for what its worth.
You are more than welcome to come into a Zoom Room. While I disagree on some of what you said - I have been trading with these Algos for a long time - and they work for me - and my clients. I don't trade as much now though - as I really don't need too - and my focus is on supporting my clients. Based on what you said about different types of bars - I just put an Algo - on some various Tick charts. Personally - I believe a "Tick" chart - is for lack of a better word - the "purest" - as it is based on Transactions. If you want to see the results - and talk (aka - Bullshitting) - let me know - and I will be nice - LOL. There are some in the forum - I would never even want to talk too. Regardless - have a great day.
Most traders - including myself in my early trading days - added one or more Indicators to our Charts. We would start out with one indicator - then add another and another and another etc. - as we needed "more" information to Enter and/or Exit a trade. I am sure - many traders went out of business - because they had "too much" information on their charts and they often had "multiple" charts - just to make a decision on a trade. It happened to me - in my early trading days - and I almost went out of the "trading business" - more than once. The point is - most traders end up making things - way too complicated - and I was just as guilty of that when I started trading. I encourage traders - to keep things as Simple as possible. My Motto is - "Discipline plus Simplicity equals Success" and I do as my Motto says. The following snapshots show different setups - Scalp -- Scalp/Trend Combination -- Trend. I took these snapshots a few minutes before posting in my old thread. Have a great day - I wish all traders much success. ------------------------------------------------ ------------------------------------------------ --NOT - based on Indicators --IS - based on what I call - True Price Action --NO - Back Testing and therefore - NO Curve Fitting Scalp Scalp/Trend Combination Trend - with High-Win/Loss Ratio - my Favorite Setup
Hello VSTscalper, Why not trade these algos you built with live real money? Even if just use the micros.
I never said I didn't trade my Algos. I DO - trade my Algos - when I have time. Once in awhile - I will trade the Micros - but I prefer trading the Minis. I will say - the Micros are great - for Testing Code. I have Clients - that use my Algos - so - I really do not need to trade. The important thing for me - is to support my Clients.