The original Hershey methodology vs the Bruno trades have very similar returns for TIE ( assuming our scripts are working ). Eventually I will get around to backtesting the Bruno method but for now I am trying to bear down on the original methods and some of the modifications laid out in your journal. For example I am collecting data on: 1) Entry/Exit as explained at the end of original journal VS DULow by 10:30 and DUAvg by 11:30 2) Modify DU definition to include all DU plus subsequent days that volume does not exceed FRV 3) A combination of 2 & 3 BTW: The stats in my very first post was for 2.
I am using WLD ( the full version ) and Fidelity free data feed. I am in the process of testing and comparing the results using QCharts as my data feed.
bloc - can you please expand on your thoughts on # 1? I'm currently using DULow by 11:30am and FRV by EOD as criteria...
I have been going through all the signals received last Thursday and I was wondering what kind of ' criteria ' if any, you are using before entering the trade - or, what do you look for to enter once DU has been reached? - none, just enter - 5/30 mins patterns? - Candlestick formations? - Channels? Thank you.
can you please expand on your thoughts on # 1? I'm currently using DULow by 11:30am and FRV by EOD as criteria... The one u listed is the original criteria and somewhere I came up with the idea to add the following: here is a slight modification: DULow by 10:30 and DUAvg by 11:30am and FRV by EOD as criteria AND if DUAvg not hit by 11:30 Exit position. My best guess to the rational of this is to do a crude approximation to determine if FRV is going to be reached before EOD.
I use LBDU by 10:30 AM I also hold overnight on no FRV, but sell the next morning. I think mlsignups posted his system showed superior results selling the next morning when no FRV reached by the end of previous day. It made sense to me so I went with it. - Spydertrader