Apr
11
I’m traveling, so I wasn’t trading live, but I take you through a trade I would have made in real life. Trading real money, I’d almost certainly have grabbed 2 points on 2 contracts… it was just taking way too long. But, since it was sim dollars at stake, I held my ground and went for 4 points on the second contract. This is one reason why, in my opinion, sim trading is only helpful to a certain point. It’s just not the same when you have real money evaporating at high speed!
Anyway, once again the trade I choose to record is one that drags out forever. Why is that???
Apr
9
Someone was asking me how easy it is to make a basic strategy out of the elite function series I am offering through eotpro.com. In particular, their mail said:
Do you have an example strategy with the Easy Language code that utilizes some of the Elite functions? …. For instance take the first PattyB signal after a bias line change, but only if Market Sync is with the trade.
My response:
…here is a strategy that gets in on the first patty b after a bias line change, if market sync is with it. It keeps a stop 2 ticks behind the last plot cycle, and gets out if it shows $200 profit:
vars:
pb(0),
ms(0);// set up the indicators
pb = $rtFirstNPattyBs(…pattyb input values…);
ms = $rtMktSyncPredict;// entry rules
if(pb = 1) and (ms >= -1) then buy next bar at market;
if(pb = -1) and (ms <= 1) then sell short next bar at market;// keep a stop beyond last plot cycle
sell next bar at $rtPlotCycleStopL(2) stop;
buy to cover next bar at $rtPlotCycleStopS(2) stop;// take $200 if we can get it
setprofittarget(200);
That’s not intended for real-world use! But, it’s an example of how simple things are simple, with these building blocks. The kinds of things that eotpro clients tend to ask for are packaged up, ready to be dropped into a strategy or custom indicator. Stuff that trips up non-programmers, like tracking the bias line and making sure you only take one signal (and only if it’s within the first few bars after the bias change, etc.) is all taken care of for you.
Apr
9
I brought some old favorites back into my trading setup today. Specifically, my rolling vwaps, and I’m repurposing an old chop indicator I developed last year. I didn’t trade it yet, but I will start tomorrow. I think it looks pretty nice. Pretty clean, screen-wise. If I know me, though, I’ll bring back at least one squiggly line soon. I like that gvolume oscillator too much to hide it in a dot.
Apr
8
I watched the first hour of market “action” and was not impressed. I assume we’re in a holding pattern for the FOMC minutes, but regardless of the cause, it was not a good market to trade in. Oh well! See you again tomorrow.
Apr
7
It’s been a while since I’ve done a live trade. This one wasn’t too spectacular (1.25 pt winner across 2 contracts). Why is it that the live trades always take 8 minutes, while a lot of my trades are over in 30 seconds?!? But, it does show off the murray math lines, and is a typical way I manage a countertrend trade.
Update: it turns out that price went down to my second target EXACTLY… so maybe I’d have been filled or maybe I wouldn’t have. But, I’m happy with my decision to exit either way.
Apr
6
I’ve been working to tie together all of eotpro moderator Bill’s entry criteria into a single indicator. And, I think I’ve done it, now. If further testing goes well, I think this will be the main indicator used in their live room soon. Pretty neat.
More interestingly, since I had it all in one indicator now, it was very easy to make a simple strategy out of it. I just threw it on a 1597 share bar chart, with the default settings. I gave it a fixed 2pt profit target and let the stops trail behind the plot cycles. So, this was about as brain-dead a money-management scheme as you could think of. Well, even so…
Running it like this on the last 3 days with 1 contract, it made 13 trades for 10 wins and 3 losses… pulling in $650. I have never had a strategy do so well when I first threw it up on a random chart (and with un-optimized settings). That’s really promising. Cool stuff…
I know 3 days isn’t a sufficient backtest to go automated, but that’s not the point! I don’t plan to go automated with it, and I would never go automated with a fixed profit target, anyway. It just goes to show how good an entry signal the Patty B is, in conjunction with the other Eotpro filter indicators (like Shelly’s Volume 4 and the market sync, among others).
Apr
6
I’ve been listening to TRS-80 this morning, so I thought I’d post one of their videos.
Their music is good for when your mind isn’t in its normal state…
Ok, here’s another couple videos… “American Smooth Division”:
… and “Cliff Evans”:
Apr
6
-
still getting sucked further into the interesting tarot world
Apr
4
I show some charts, talk about my seminar, and talk about my hellish night of power outages and faulty fire alarms.
Apr
4
Every Thursday night, the eotpro folks hold “indicator night,” where they go over their indicators and answer questions from clients and guests. Well, last night, I gave about an hour seminar on the new functions and indicators I’ve been working on. And, it was recorded!
Here’s the link to the streaming video:
http://eotpro.acrobat.com/p79376846/
Watch it. Because I said so!
The first half hour is Bill going over the major eotpro indicators, and then I come on and go over a big chunk of the new stuff I’ve put together for them. If you just want my portion, you can seek to it, but if you are unfamiliar with the eotpro indicators you’ll probably find that first part interesting as well. Even though it’s over an hour, we still didn’t touch on everything.
It’s a big package I’m releasing, full of things that people have been requesting from me, based on my videos. And, until now, I’ve always had to turn them down… either because the needed functions were not there, or because I do not release indicators I use to put food on my table for free. Both of those issues have been taken care of now, and I’m pretty happy with the reception I’ve gotten and the excitement generated so far. I’ve been getting phone calls from around the world asking about the availability of these indicators. Good for my ego, not so good for my phone bill.
