Eminis PnF

oatman

Senior member
2,879 22
All decent software carries P+F. I use Indexia,Tenfore Satellite and trying to get Updata to work reliably - Ha Ha!
Try it on Ftse Future. It works on everything. Set up a 1min. 2.5x3 or a 3x3 hilo
The idea of P+F is to get break out levels.
On 2.5x3 the market must move 7.5 points in one direction then reverse 10 points to give a signal. Of course you'll get false breaks when the market does nothing. This is why you must choose your box size. The smaller the box the more sensitive it becomes, the more signals you get. Put 3x5 on and the market must go 15 points and reverse 20 to give a signal. When the column of Xs(up) or Os(down) moves further than the previous column of same you have a signal.
That's the idea, give it a go.

Happy trading
 
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JonnyT

Senior member
2,560 22
Well once when I was pissed and in a quiz team we were having a quiz between ourselfs. I felt the questions I was getting were harder than what the other were so I complained. The answer to the next question was Jonny Bristol but the person answered Jonny Tits as he knew the answer. I complained again so they gave me the same question. Of course I answered Jonny Tits (didn't have a clue what the answer was) and everyone just burst out laughing. I've been JonnyT ever since. Another nickname is sledge...Always pulled by dogs.

JonnyT
 

Helenqu

Established member
841 3
JonnyT said:
[Always pulled by dogs.

JonnyT [/B]

Bet your wife really appreciates that sort of remark J :)
 

JonnyT

Senior member
2,560 22
Hi Helen,

My wife was a model in her younger days so I don't think that rule applies.

It was because the other guys were jealous that I didn't have any problems getting women due to my filmstar looks and electric personality :)

JonnyT
 

Dippers

Junior member
21 0
JonnyT

Your bmp chart seems to show a 2 pt box size with 1 box reversal if I am reading the chart correctly. Your first post mentioned a 1 pt Box size with 2 box reversal. Could you please confirm which you are using for actually trading.

Mike
 

TBS

Well-known member
385 0
Dippers said:
JonnyT

Your bmp chart seems to show a 2 pt box size with 1 box reversal if I am reading the chart correctly. Your first post mentioned a 1 pt Box size with 2 box reversal. Could you please confirm which you are using for actually trading.

Mike
.. Although it says 2x1 at the top, it looks more like a 2x2. - No odd numbers.
 

JonnyT

Senior member
2,560 22
Er umm. I posted wrong!

It is a 2 x 1 that the results are from. The results from 1 x 2 shouldn't be disimalar.

You should remember though since XMAS it has been a great time for this technique. Nov/Dec whilst profitable weren't this hot and did suffer a 40pt drawdown.

JonnyT
 

Dippers

Junior member
21 0
I tried to reproduce your results on back data for ES from 24 December. I simply reversed positions after 5 x 1 pt boxes from last high/low. My results show 36.25 pts in 127 trades. Although I have twice as many trades as you reported I cannot see anything I could have programmed incorrectly to cause this - there does seem to be that many trades using 5 box reversals. Is there anything else you are doing to filter trades?

If I can find out what the difference I can run it over 6 years of data and report back.

Mike
 

JonnyT

Senior member
2,560 22
Mike,

Are you using correct PnF? Simply counting points from Hi/Lows is wrong without using the boxes correctly.

The first few trades are:

Short 897 Exit 875 22 pts
Long 875 Exit 871 -4
Short 871 Exit 875 -4
Long 875 Exit 873 -2
Short 873 Exit 873 0
Long 873 Exit 885 12
Short 885 Exit 889 -4
Long 889 Exit 905 16

I'm not going to say my numbers are 100% accurate as they were done manually, but I think they are close.

JonnyT
 

ianshep

Junior member
17 0
Hello, everyone. My first foray into the new CTS!

JonnyT,

What trades/outcomes do you get for the SierraChart that you posted? (covering 28/1 to 6/2)

Me and my pencil got 0 points total from 31 trades, excluding commissions and slippage. I had to count the 4 point gain on the open position at the end to 'break even'!

Have I made the same mistake as Mike, whatever that is?

Ian.
 

JonnyT

Senior member
2,560 22
56 points I think.

First few trades

S 851 851 0
L 851 851 0
S 851 853 -2
L 853 855 2
S 855 841 14

JonnyT
 

Dippers

Junior member
21 0
I'm not using P&F directly but it is quite easy to program the logic behind P&F into a system, particularly with a 1 pt box size. All I do is take the integer value of the 1 minute close to give the 'box number'. Then you can set the buy/sell stops as +/- 5 boxes away from the current box depending on whether the system is long or short.

Looking at your first trade I can get the same entry at 897 at about 14:00 on 26 Dec but it exits near the end of the day at 891 after a 5 box reversal from the low at 885.75. My system seems to have a lot more of these 'extra' trades that takes away most of the gains.

I've attached an excel report of all the trades.

Mike
 

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