Strategy Based On Chart Pattern

trading strategies and money management discussion, code, results

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fatdog1
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Postby fatdog1 » Thu Jun 29, 2006 1:48 pm

I added this code to the DarvasBox long and short trade lines from the
strategy that TRO was nice enough to code for me. (Thanks again TRO)
It is a good filter and has reduced the number of trades to a handful even on a one minute chart. It is not quite what I am looking for because it
is buying near resistance and it is missing trades like the breakout
yesterday at 11,010, but it is a start.

if Low < Lowest( Low, Length )[1] and Close > Close[1] and

close crosses above xBoxTop
then begin
tInd = iMsgXAbove ;
Fg1 = darkgreen;
Bg1 = white;
tTrade = "Buy";
end
else

if Low > Lowest( Low, Length )[1] and Close < Close[1] and

close crosses below xBoxBtm
then begin
tInd = iMsgXBelow ;
Fg1 = red;
Bg1 = white;
tTrade = "Short";



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fatdog1
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Postby fatdog1 » Fri Jun 30, 2006 1:41 am

I am not sure I can post a screen shot of the strategy performance report.
I will try in a minute.

The Russell with the added filter had a big swing in the performance report. The strategy which I run on seperate 1 minute workspaces for long and short trades went from 15 long trades and a 1.78 profit factor without the filter to 4 trades and a 9.60 profit factor with the filter.

No luck loading the internet based screen shot, sorry.
Here is the eld and the workspace.
Attachments
One Minute DarvasBox & DarvasBox Key Rev.tsw
(177 KiB) Downloaded 31 times
$DARVASBOX KEY REVERSAL.ELD
(12.46 KiB) Downloaded 43 times
Last edited by fatdog1 on Fri Jun 30, 2006 7:28 am, edited 1 time in total.

geff
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Postby geff » Fri Jun 30, 2006 6:59 am

Fatdog1, it appears that you loaded $darvasbox key reversal.eld twice... Jeff

fatdog1
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Postby fatdog1 » Fri Jun 30, 2006 7:28 am

geff wrote:Fatdog1, it appears that you loaded $darvasbox key reversal.eld twice... Jeff


Thanks
I'll delete one

Ali Son
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Postby Ali Son » Sat Jul 01, 2006 7:10 am

Fatdog1,

I have a request. Can you do a Weekly chart for the $DXY basket of currencies and GOLD? Might reveal a few interesting things. Thanks.
Last edited by Ali Son on Sat Jul 01, 2006 8:41 am, edited 1 time in total.

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Postby Ali Son » Sat Jul 01, 2006 8:38 am

Fatdog1,

I'm following your RIMM chart carefully to see how it plays. The scenario analysis has been very interesting up until now.

But, for some reason, unlike the prior RIMM charts your 5/13 and other TL on the 6/28/ 9:36 am chart disappeared. Did you do anything different with the uploading? Perhaps it's probably b/c unlike the others I was able to sitdown and login only today and download the TSW. It could be b/c the old breakout came true and the old TL levels could no longer be displayed.

I'll try again when you post your next RIMM TSW update.

Great though from what I can see from the screenshots.

-OS

fatdog1
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Postby fatdog1 » Sat Jul 01, 2006 9:01 am

Ali Son wrote:Fatdog1,

I have a request. Can you do a Weekly chart for the $DXY basket of currencies and GOLD? Might reveal a few interesting things. Thanks.


I'll attach the weekly workspaces here.
Attachments
$DXY WEEKLY CHART 7-1-06.tsw
(22 KiB) Downloaded 19 times
@YG WEEKLY 7-1-06.tsw
(19.5 KiB) Downloaded 24 times

fatdog1
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Postby fatdog1 » Sat Jul 01, 2006 9:20 am

Ali Son wrote:Fatdog1,

I'm following your RIMM chart carefully to see how it plays. The scenario analysis has been very interesting up until now.

But, for some reason, unlike the prior RIMM charts your 5/13 and other TL on the 6/28/ 9:36 am chart disappeared. Did you do anything different with the uploading? Perhaps it's probably b/c unlike the others I was able to sitdown and login only today and download the TSW. It could be b/c the old breakout came true and the old TL levels could no longer be displayed.

I'll try again when you post your next RIMM TSW update.

Great though from what I can see from the screenshots.

-OS


Ali,

Once price revisits an area where a breakout or breakdown happened in the past, I change the chart or update the chart so I can use the information in the future depending on what the outcome is from that test of old support or resistance.

Best example of that would be the weekly chart of the $DXY.
Anytime price revisits an area more than 2 times and continues to
respect that area as support or resistance, it becomes a trading range top or trading range bottom.

You can see that 91.35 has been a trading range top for the last 3 years.
Any break of that top would be a major breakout and strong support in the future.

The @YG weekly chart shows what happened when gold revisited the breakout area recently near 550.
Let's see what happens when gold revisits the breakdown area near 640 in the future.

I will have to look at the RIMM chart and update it.



fatdog1
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Postby fatdog1 » Sat Jul 01, 2006 9:40 am

[quote="Ali Son"]Fatdog1,

I'm following your RIMM chart carefully to see how it plays. The scenario analysis has been very interesting up until now.

But, for some reason, unlike the prior RIMM charts your 5/13 and other TL on the 6/28/ 9:36 am chart disappeared. Did you do anything different with the uploading? Perhaps it's probably b/c unlike the others I was able to sitdown and login only today and download the TSW. It could be b/c the old breakout came true and the old TL levels could no longer be displayed.

I'll try again when you post your next RIMM TSW update.

Great though from what I can see from the screenshots.

fatdog1
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Postby fatdog1 » Sat Jul 01, 2006 9:42 am

Ali Son wrote:Fatdog1,

I'm following your RIMM chart carefully to see how it plays. The scenario analysis has been very interesting up until now.

But, for some reason, unlike the prior RIMM charts your 5/13 and other TL on the 6/28/ 9:36 am chart disappeared. Did you do anything different with the uploading? Perhaps it's probably b/c unlike the others I was able to sitdown and login only today and download the TSW. It could be b/c the old breakout came true and the old TL levels could no longer be displayed.

I'll try again when you post your next RIMM TSW update.

Great though from what I can see from the screenshots.



Ali,

I opened my 6-22-06 10 minute workspace of RIMM and the first thing I noticed was that when RIMM sold off a couple of days ago, it bottomed out around the old breakout line near 64.32.

I did not update the chart I posted as an attachment so anyone who opens the RIMM 10 minute 6-22-06 workspace will see the breakout line at 64.32.

If you wanted to buy RIMM on the recent weakness, that would have been the most logical place to buy it.

That line was a first target for a potential long trade on 6-21-06 because it was resistance at that time.

Old resistance became new support.

I will post a new RIMM workspace sometime over the weekend.

Now I have to workout to keep from becoming a fatter fatdog :D




-OS[/quote]

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