Challenge: Profits from indicators :)

This is a discussion on Challenge: Profits from indicators :) within the Trading Journals forums, part of the Reception category; Originally Posted by GladiatorX I will start by developing a strategy, backtesting it, demo'ing and finally live trading... I hope ...

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Old Jul 27, 2009, 7:14pm   #16
 
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Originally Posted by GladiatorX View Post
I will start by developing a strategy, backtesting it, demo'ing and finally live trading... I hope to be in profits within a month to show people it doesn't have to take years to become consistantly profitable
KISS, doesn't have to de over elaborate or complicated. I trade 3 indys only, whilst I'm aware of fibs, S&R levels, my trades are initiated and closed using indicators, simple, uncomplicated and very effective.
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Old Jul 27, 2009, 7:16pm   #17
 
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KISS, doesn't have to de over elaborate or complicated. I trade 3 indys only, whilst I'm aware of fibs, S&R levels, my trades are initiated and closed using indicators, simple, uncomplicated and very effective.
Thats interesting, i already trade indicators profitably (My own self-made indicators)... I'm just not willing to share them strategies... This 'challenge' is just to create ANOTHER indicator system based on the generic indicators avaliable to the public to show others that they can work and also to share with the public

What is the main basis of your setup? MA's
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Old Jul 27, 2009, 8:33pm   #18
 
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No trades today.

lol.

Its entirely systematic.

Decided to trade ES, E-mini S&P500 contract (CME exchange) ... This is a market i'm very familiar with and therefore in creating the system i was using my knowledge accumulated from watching this market for many hours...
Excellent choice
EOD and/or intraday ?
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Old Jul 27, 2009, 8:39pm   #19
 
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Excellent choice
EOD and/or intraday ?
Both if you'd like ? It will work on all time-frames. All tick charts.
I was thinking Daily, Hourly, 5-minute and 233-tick chart setups.

What i've actually developed is much better than i expected when i begun this challenge - I'm very confident.

I actually backtested it on multiple markets, time-frames etc etc... The best was the DAX weekly, which over the last 10 years gave a 100% win percentage. Setups are rare... Probably one per two months on the weekly chart.

I must confess that this isn't entirely indicator based... It includes price action, however that is also systematic and non-discretionary, therefore a robot could execute the trades... the thing about indicator setups, is even something like stochastics oversold and overbought can work with discretion, people just overcomplicate things and want a 'definate' way of doing things... If you trade ONLY the EMA crossovers that from your analysis look like good setups then you'll do alot better... However i stress that this is entirely mechanical, however would work better with discretion.

Last edited by GladiatorX; Jul 28, 2009 at 12:08am.
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Old Jul 28, 2009, 6:57am   #20
 
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What is the main basis of your setup? MA's
Having taken many years to get to this level, and many weeks and months of hard graft, I dont give set up info away these days, sorry.
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Old Jul 28, 2009, 8:23am   #21
 
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Both if you'd like ? It will work on all time-frames. All tick charts.
I was thinking Daily, Hourly, 5-minute and 233-tick chart setups.

.
I used to do 1 min charts but found them a bit quick when concentration flags and have been looking at 30 min. The Macd bumps are a lot smoother and more definate too at this speed imho
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Old Jul 28, 2009, 11:23am   #22
 
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I used to do 1 min charts but found them a bit quick when concentration flags and have been looking at 30 min. The Macd bumps are a lot smoother and more definate too at this speed imho
Okay interesting, i prefer tick charts, price action is more clear - However i will do 30-minute setups to maybe benefit you?

Going to start trading now. I'm a bit unorganised today... Just going to start on Euro/Japan right now and then later do 2 hours on the ES and see how we do... Really it should be much more structured, i just had a late night
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Old Jul 28, 2009, 11:26am   #23
 
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GladiatorX started this thread 30-minute EJ setup @ 135.33
Stop loss @ 135.44
Target @ 135.01

Trailing stop mechanism engaged.

Trailing stop hit ~ 135.13

+ 20 pips.

Last edited by GladiatorX; Jul 28, 2009 at 12:16pm.
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Old Jul 28, 2009, 12:39pm   #24
 
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GladiatorX started this thread Backtested on ES, averaged 5 points per day (With additional 0.25 slippage per trade, and only filled when price trades through the limit) on a 233-tick chart from 2.30-4.30pm. From the start of the year.
Very confident.

Even now @ 12.39, got a signal to go short that worked, pre-market. Obviously didn't take it. Against the rules

Does anyone want to work on automating this with me?
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Old Jul 28, 2009, 5:42pm   #25
 
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GladiatorX started this thread I was having trouble logging in So i wasn't able to post live trades... I executed a total of 4 trades, i feel its pointless posting them without them being live though... I will post the charts later anyway.
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Old Aug 4, 2009, 3:49pm   #26
 
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ahem cough cough

where art thou Glad ??
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Old Aug 24, 2009, 3:16pm   #27
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im guessing he gave up as it didnt work out
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Old Aug 25, 2009, 11:49am   #28
 
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GladiatorX started this thread To be honest, i made the system and back-tested it and decided to trade it on the ES... But i don't have time to trade a system on the ES because i have to discretionary trade it and i can't do both.
Then i decided i could trade it on a different market, but then i just couldn't be bothered. I trade 2 hours a day pretty intense concentration and i'm just too knackered to do anything else, system trading is extremely boring... I've learnt alot from this experiment.

So overall, i can't be bothered. Plus people need to learn their market and learn to trade 'context' rather than trying to fit default settings around it...
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Old Aug 25, 2009, 2:55pm   #29
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To be honest, i made the system and back-tested it and decided to trade it on the ES... But i don't have time to trade a system on the ES because i have to discretionary trade it and i can't do both.
Then i decided i could trade it on a different market, but then i just couldn't be bothered. I trade 2 hours a day pretty intense concentration and i'm just too knackered to do anything else, system trading is extremely boring... I've learnt alot from this experiment.

So overall, i can't be bothered. Plus people need to learn their market and learn to trade 'context' rather than trying to fit default settings around it...
lol....I can appreciate that. I was just interested in your findings as I just read your "Why i think most traders fail" thread and found your post very interesting. Im still trying to get my head around it and how I can incorporate it in to day trading a couple of hours aday like yourself. Any advice on how to be consistantly profitable? (I trade the ftse100 if that makes any difference)
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Old Aug 25, 2009, 3:49pm   #30
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wasn't gladiators post. He nicked it from Ziad, lol.
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