This is the morning session in 49 CVB (constant volume bar). You can see the same consistency in its orderly oscillation. <img src="http://elitetrader.com/vb/attachment.php?s=&postid=1679967">
another waqy is to 1. attach image when posting a post; 2. After it's been posted click on attachment and copy path (in address); 3. Click post edit button and type < img src=paste here the path you copied >; ONLY USE SPACE BETWEEN img & src 4. Press save.
>brownsfan019 Thank you very much for http://tinypic.com. Worked great. But instead of SnagIt I just used Prt Sc > paint. Thanks again, and hope the Browns win!! learner
Can anyone program this algorithm through IB api?: Initiate 5 long(or short) positions with MHI for every 1 Short (or long) position with HSI simulanteously: On the winning side (regardless of long or short position), Average UP 1, 2, 3 ⦠contracts (variation of Anti-Martingale Model) adding 1 contract at each level Levels are based on N/2 increment where N could be 20, 30, 40 or more ticks. i.e. +1@ N/2, +1@ N,... basically, just accumulate one every N/2. On the losing side (short or long), Routine: Just average 1 contract every N, 2N, 4N, 7N levels⦠(*In practice, I close both sides at 3N to reduce exposure and re-start the whole algorithm*) If the direction reverses and the winning side retrace by N/4 (round UP to whole number, i) For 2 contracts accumulated, square off both sides ii) For 3 contracts, take profit of 1 contract... iii) For 4 contracts, take profit of 2 contracts... iv) For 5 contracts, take profit of 3 contracts... etc When it retrace to the average of the losing side, square off both sides. If, however, after taking profit, it changes direction again and reverts forward by N/4, square off both sides. When it trends more than 3N level on either the long or short side, you can choose to continue or close both sides and restart the whole procedure. The net should always be a profit even after commissions for N>20 ticks The goal is at the end of the day/week, I want maximize the total net profits. scalpmaster2006@yahoo.com.sg
ET99: Thanks for your source of info on this thread. This is actually what I've been researching on. Just a few questions about your current setup. Are you finding IB's data feed reliable ?(if that is what you are using) Are there any particular reasons you are using Multi charts as to other charting software? Would love to learn more of your trading strategies and tips on the HSI.
IB feed is good. That is all I use. Multicharts is cheap. I have also used Quotetracker. It worked just as good.
ET, Do you only trade HSI or do you also trade other markets in Amercia? I also use IB and have looked at day trading Asian markets but the costs seem to be much higher (commissions etc..) I am also wondering about the issue of paying, margin etc.... Do I need to move some money from USD to HKD and whats the cost of moving money back and forth every day (assuming I want to trade both markets with the same pool of money)