Here are a few screenshots I put together as advertisements for my eotpro elite functions series. They’ll be posted on tradestation forums during the week, but loyal readers here can see them now.
They show off example trades from the setup I have been showing in the live room lately. This was just a simple system I threw together with little or no thought, but over the last week or two in the live room it’s held up pretty well. I think with some tweaking and study it could be tradeable. It’s conservative, in that it doesn’t trade many times per day, but has a very high win rate so far. Not to mention, Bonnie’s Bars tend to keep the losses in the 0 to 2 point range, which is pretty sweet.
What’s interesting to me, is that it doesn’t even use a volume indicator! Funny… and that makes me want to test it on forex data, when I get the chance.
Anyway, as the ads proudly state, this is just one of the many ways you can combine these indicators. I’m biased, of course, since it’s my code… but I’ve been very impressed so far with how well the elite functions and indicators work in concert. Little demonstration ideas like Alla’s MACD and this setup have turned out to be very promising in their own right. I had no idea that would happen so easily, when I put them together.
April 21st, 2008 at 8:28 pm
With price following volume (usually) wouldn’t this setup thus be a slow volume indicator? :)
I remember your Risk of Ruin video from a way back. I look forward to seeing how this method holds up with backtesting and forex. (When you have time of course)
E.