Some of you are asking about Systems One and Two built around my price proxy (I dropped sys3 a long time ago). Well, DavidB, a team member, has been doing excellent research, including some refinements of the rules! Here’s a tiny excerpt or two from his analysis:
On System 1:
“I did an informal backtest [...]
My favorite continues to be System Two, though System One has always performed very well itself. System Two was six for six today! That’s the power of waiting for a great entry.
I thought I’d update you on the price-proxy systems. Here are Systems One and Two from Monday.
I have been trying to wait for the three systems to have a bad day so I could post something to sober you proxy groupies up… today is as close as it gets so far. I think that’s pretty impressive for un-researched entry criteria.
Bill started using our EOTBillsArrows4p1 today in the trading room. Now the criteria is dirt simple… you just take the first arrow after each color change in the paint bars. I’ve circled the two short trades visible on-screen at the time of this screen shot. I took the shot when I did [...]
It’s been a few days since I’ve put together screenshots, so I thought I’d do that. These simple entry concepts based on the price proxy indicator continue to work very well, at least in terms of their win-rate. You can see at the end of the day the potential to get caught [...]
These three price-proxy systems continue to freaking dominate. It’s getting hard to remember that the real purpose is to watch the indicator. I think I’m going to have to code this for ninja so that I can try it on some replay data. It can’t always be this good… it just can’t.
As [...]
I’m a bit busy today, so here are the system screenshots from Tuesday without much commentary. I’ll post the Wednesday ones ASAP. It’s hard sometimes, as I have so many ideas for posts and articles, and yet all of my time is currently soaked up in eotpro initiatives. We are now an Industry Partner of [...]
Here’s how we did today.
Note: as I mentioned in the comments, these are just concepts to keep things interesting while we watch the proxy and look for strengths and weaknesses. I don’t trade these systems, and I haven’t done any backtesting.
The rules for these ideas are in this post, so if you’re new [...]
Here are the three systems I mentioned in my last post on today’s data. Click to enlarge, as always:
System one did well again. No losing trades that I can see, though you can see that sometimes you have to sit through a lot of heat.
System two ddn’t have many trades today… the last trade [...]