Oh, and would you mind sharing your system with me, since you need to make it public in order to have someone else backtest? My current system is posted in my journal if you are interested.
I currently trade the Dow intra day and am considering the Dax for the morning session (London time). Perhaps we could collaborate to an extent on a system?
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Sorry for delayed reply - been in hospital..... Don't mind sharing my system at all, I think I did outline it sometime previously on these boards, can't remember now.
A bit of history to show how I got to where I am with system development. I have traded the 'DowDecoded' (
www.dowdecoded.com) strategy since last September with quite good results together with a couple of EOD systems (
www.elmtrader.co.uk &
www.dowstomper.com) All going tickety boo, but there comes a point when one needs to be 'in charge' and work on a peronal system.
What I have developed is a system to day trade the Dow (after 3pm GMT) and now the Dax as well. It's not perfect, but it's almost there. I do feel I could do with another couple of indicators - tell me what you think ?? What I use at the moment is Parabolic SAR, RSi, MACD and 12/26 MA crossover on 3 min charts with ADX/Directional Movement as a confirmation. In the perfect world, I like to have all 5 indicating a buy/sell but I will enter a trade with 4 showing. Do I need some more indicators ? Are there any that you use (different to mine) that you think may be of use ?
And yes LL, would like to work on a collaboration, 2 heads and all that..
Fire away with questions (anyone), we've a nice break now 'til the markets open again
NK