I have spent all weekend trying to find something that I am sure is here somewhere, but guess I will have to ask for help.
Does anybody have suggestions for BuyZone settings for the ES?
Thanks in advance.
BTW, TRO has got to be more than one guy. How can just one person answer so many posts, write code for so many different platforms, and trade also. Kudos.
Settings for the ES
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eudamonia
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skeeter,
Haven't used it much on the ES but on the ER2 my favorite settings are enter a buyzone long trade at +1.1 points above the open or sell at -1.1 points below the open. Stop of 1.2 points and a target of 1.0 points. CraigAudio showed some of his testing with this setting and found it to be favorable. Similar settings should yield good results.
For the ES since it is a 4 tick point instead of a 10 tick point like the Russell I would suggest that your settings should be tighter (as indeed the Russell has more volatility than the ES). Doing some analysis of the volatility and the statistics of the ES should yield you some good settings. Good luck.
Edward
Haven't used it much on the ES but on the ER2 my favorite settings are enter a buyzone long trade at +1.1 points above the open or sell at -1.1 points below the open. Stop of 1.2 points and a target of 1.0 points. CraigAudio showed some of his testing with this setting and found it to be favorable. Similar settings should yield good results.
For the ES since it is a 4 tick point instead of a 10 tick point like the Russell I would suggest that your settings should be tighter (as indeed the Russell has more volatility than the ES). Doing some analysis of the volatility and the statistics of the ES should yield you some good settings. Good luck.
Edward
Eudaimonia (pron.: you-die-moan-e-a) (Greek: εὐδαιμονία) is a classical Greek word commonly translated as 'happiness'. The less subjective "human flourishing" is often preferred as a translation.
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eudamonia
- rank: 500+ posts
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skeeter,
We'll have to see what happens with the ER2 when it moves exchanges this summer. I suspect that initially there may be some hiccups but it's such a popular instrument I doubt the ICE will want the character of it to change much. Besides that there is always the SP 600 which the CME is introducing to match the market characteristics of the ER2. So we'll see I guess...
Edward
We'll have to see what happens with the ER2 when it moves exchanges this summer. I suspect that initially there may be some hiccups but it's such a popular instrument I doubt the ICE will want the character of it to change much. Besides that there is always the SP 600 which the CME is introducing to match the market characteristics of the ER2. So we'll see I guess...
Edward
Eudaimonia (pron.: you-die-moan-e-a) (Greek: εὐδαιμονία) is a classical Greek word commonly translated as 'happiness'. The less subjective "human flourishing" is often preferred as a translation.
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