I don’t like to brag, but… I mean… wow, Bill’s Arrows are good! It’s part of the Elite Series package I’ve released through EOTPro.

Today, many of the signals had steep pullbacks just after entry, which is always scary. But, I watch Bonnie’s bars (the paintbars) for indication that I should bail on the trade… and most times it indicated that you should hold on and wait for the move. Good thing!

I was watching a 2584 share bar chart today… somewhat faster than Bill’s 3382 chart. I tend to think his chart is better, but for some reason I usually can’t bring myself to use the non-fib number. I’m a purist, I suppose.

Here’s another example, from the TS platform:

As you can see, the arrows are available for both tradestation and multicharts… and I’m going to try my best to make them work on ninja. That’s going to be tricky.

Hope your day was good.

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).

I love multicharts.

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