PROGRESS UPDATE :
Ok, well today was a good date.
I have got my Neoticker - MB link working fine.
I have also downloaded a weeks worth of historical tick data from IQFEED for testing to ensure the strategy is performing as expected.
As this stage I am just using USD/CAD to prove the theory. Today was a little slow going and I have a little bit more testing/bug fixing to go.
Other than that I am all on track to go live in the next day or so.
Implementing The Buy Zone in the Public Eye
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PROGRESS UPDATE :
As discussed earlier, I am managing my exits via a playbook (as discussed in a TRO radio interview).
My exits are derived from TRO's suggested playbook in the DRT thread.
I have just finished coding my exit playbook and the rules are as follows :
MY PLAYS :
1) + 3 pips - move stop to break even
2) AT +5 pips, I will be ready to bail at +3 if price pulls back.
3) At +10 pips, I will enter a trailing stop of 4 or 5 pips.
4) At +15, I will cancel the trailing stop and enter a hard stop at +10.
5) at +20 I will Enter a hard stop at 15;
6) At +25, I will invoke a 5 point trailing stop til completion
Right, time for another break and time to breaka sweat at the gym!!
Seeya AJ
As discussed earlier, I am managing my exits via a playbook (as discussed in a TRO radio interview).
My exits are derived from TRO's suggested playbook in the DRT thread.
I have just finished coding my exit playbook and the rules are as follows :
MY PLAYS :
1) + 3 pips - move stop to break even
2) AT +5 pips, I will be ready to bail at +3 if price pulls back.
3) At +10 pips, I will enter a trailing stop of 4 or 5 pips.
4) At +15, I will cancel the trailing stop and enter a hard stop at +10.
5) at +20 I will Enter a hard stop at 15;
6) At +25, I will invoke a 5 point trailing stop til completion
Right, time for another break and time to breaka sweat at the gym!!
Seeya AJ
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- eudamonia
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http://www.tickquest.com/
They are a trading platform similar to Ninjatrader, Metatrader, MultiCharts, etc. The foundation of the program is C#.
They are a trading platform similar to Ninjatrader, Metatrader, MultiCharts, etc. The foundation of the program is C#.
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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PROGRESS UPDATE :
To any one is interested....
Another busy day with a shift at the Fire Station e.t.c so progress a little slow.
I have developed a "Completed Trade" template that will output for every trade the autotrader takes.
I have tried to relate it back directly to the rules that TRO has stated and provide as much information as possible so that people can look the trades up on their own charts should they desire.
Template to follow on next message.
Have a good day,
Aj.
To any one is interested....
Another busy day with a shift at the Fire Station e.t.c so progress a little slow.
I have developed a "Completed Trade" template that will output for every trade the autotrader takes.
I have tried to relate it back directly to the rules that TRO has stated and provide as much information as possible so that people can look the trades up on their own charts should they desire.
Template to follow on next message.
Have a good day,
Aj.
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Please note this template displayed is for demonstration purposes, it is not debugged and was created using historical data...
------------ KIWITRADE COMPLETED TRADE ---------------
DRAIN THE BANKS - LIKE A RAT
1) Price within 20 pips of the daily low - that is OPPORTUNITY
** Current Day Low - 1.0050 **
** ASK price at Opportunity Time - 1.0050 **
** Difference Between ASK and LOW - 0.0000 **
2) Red candle closes
** Red Candle Bar Time - 12/7/2010 1:45:00 AM **
3) Green candle closes - note the high price of the green candle.
** Green Candle Bar Time - 12/7/2010 1:50:00 AM **
** Green Candle High Value - 1.0048 **
4) Enter long at the green candles high price
** Actual Entry Obtained - 1.0048 **
5) STOP LOSS IS 10 PIPS
** Intital Stop Loss Set @ 1.0040 **
6) Take whatever profit you can.
** Pips Gain - WIN +65 **
--- STOP MOVES ---
Stop Price Shifted To : 1.00478 - Play No - 1"1) + 3 pips - move stop to break even"
Stop Price Shifted To : 1.00508 - Play No - 2"2) AT +5 pips, I will be ready to bail at +3 if price pulls back."
Stop Price Shifted To : 1.00578 - Play No - 4"4) At +15, I will cancel the trailing stop and enter a hard stop at +10."
Stop Price Shifted To : 1.00628 - Play No - 5"5) at +20 I will Enter a hard stop at 15;"
Stop Price Shifted To : 1.01158 - Play No - 6"6) At +25, I will invoke a 5 point trailing stop til completion"
------------------
------------ KIWITRADE COMPLETED TRADE ---------------
DRAIN THE BANKS - LIKE A RAT
1) Price within 20 pips of the daily low - that is OPPORTUNITY
** Current Day Low - 1.0050 **
** ASK price at Opportunity Time - 1.0050 **
** Difference Between ASK and LOW - 0.0000 **
2) Red candle closes
** Red Candle Bar Time - 12/7/2010 1:45:00 AM **
3) Green candle closes - note the high price of the green candle.
** Green Candle Bar Time - 12/7/2010 1:50:00 AM **
** Green Candle High Value - 1.0048 **
4) Enter long at the green candles high price
** Actual Entry Obtained - 1.0048 **
5) STOP LOSS IS 10 PIPS
** Intital Stop Loss Set @ 1.0040 **
6) Take whatever profit you can.
** Pips Gain - WIN +65 **
--- STOP MOVES ---
Stop Price Shifted To : 1.00478 - Play No - 1"1) + 3 pips - move stop to break even"
Stop Price Shifted To : 1.00508 - Play No - 2"2) AT +5 pips, I will be ready to bail at +3 if price pulls back."
Stop Price Shifted To : 1.00578 - Play No - 4"4) At +15, I will cancel the trailing stop and enter a hard stop at +10."
Stop Price Shifted To : 1.00628 - Play No - 5"5) at +20 I will Enter a hard stop at 15;"
Stop Price Shifted To : 1.01158 - Play No - 6"6) At +25, I will invoke a 5 point trailing stop til completion"
------------------
- PebbleTrader
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Hi Pebble,
No I had not thought about how to stop it taking too many trades.
At this stage I had simply intended on taking every trade available based on TRO's rules. In those rules he never mentions picking and choosing which trades to take, implying you take them all.
What are your thoughts? Is there a need to restrit the number of trades?
No I had not thought about how to stop it taking too many trades.
At this stage I had simply intended on taking every trade available based on TRO's rules. In those rules he never mentions picking and choosing which trades to take, implying you take them all.
What are your thoughts? Is there a need to restrit the number of trades?
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