Looking at today's ES, I combined ctrader's idea of trading the direction of the previous bar with I think it was macal's idea of trading every 15 minutes, EXCEPT I went in the opposite direction of the previous bar. It's working so far today. I don't have the ability to backtest it, nor do I have the ability to even look at more than one day's worth of 1-minute data at a time. So I can only toss the idea in the ring and see if someone with different software is interested in taking a look at it. I'll continue to watch it, but one day at a time.
You may have something there. I get very different results than Quah for some reason. I'm still studying various sto parms on both 1m and 2m charts, but I don't get what Quah gets. --Db
I think that taking the opposite direction is critical if you are going to trade every 15 minutes - on even 15 minute increments, just like you are doing. If you offest that 15 minutes by some amount of time - then trading in the direction of the previous bars seems to work better.
Basically you guys are just scalping for a couple points in the direction of the short term trend? Whats the big fascination; I don't think this is revolutionary.. Anyway, the key is the system and the discipline to operate with out screwing up, which may be the Holy Grail to trading. Good luck.
Hey guys. I am on vacation but have access to the net for about 24 hours. How has the Quahtrade been doing? This is a 28.8 dial-up so looking back thru the 20+ pages since this weekend will be tedious. If someone could just say, yeah it is still doing well, or forget it, then I will be up to date. I hope everyone is doing well.
Thanks c. I wonder what the characteristic of yesterday was that created the net loser. And was that for both ES and NQ?
Yes, both ES and NQ. First 5 or 6 trades required reversal, a couple of those took double-whammy's. Basically, lots of big chop after the open.
For 9/24/2002: ESZ2: 12 Total Trades 10 Winners 1 Loser and 1 B/E Avg. Winner +1.00 / Avg. Loser -1.25 Gross 8.75 points - $437.50/contract Commission $57.60 Net $379.90/contract NQZ2: 12 Total Trades 9 Winners 3 Losers Avg. Winner +3.00 / Avg. Loser -2.83 Gross 18.50 points - $370.00 Commission $57.60 Net $312.40
My version made just $40 today The reason: one double whammy ate most of the profits, and I had 3 no trade signals because the previous bar had no direction. Those 3 trading opps probably would have been profitable if I had just gone back to the direction of the trend before it hit consolidation.