Strategy Based On Chart Pattern

trading strategies and money management discussion, code, results

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michal.kreslik
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Postby michal.kreslik » Fri Jul 14, 2006 4:07 pm

I've moved our recent Refco discussion to the "Refco discussion" topic under the "brokers" foum:

http://kreslik.com/forums/viewtopic.php?t=146

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fatdog1
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Postby fatdog1 » Mon Jul 17, 2006 8:14 am

fatdog1 wrote:Hi Ali,

Tradestation made a few modifications to the
trendline entry code.

Here is the eld and a workspace for the EURUSD.
I have it set to take a practice trade so I can make sure the stop loss and profit targets are working correctly.

You can enter the number of contracts you want to trade as an input.
You can enter intrabar on the 60 minute chart.
You can enter -1 to get the code to take a short in the inputs when the Euro trades near 1.2787.

It looks like it will trade near 1.2752 first today for a long.
It still has to touch the white line to enter a trade.





The DarvasBox caught this bull flag breakout on Friday for the 30 year bond. This shows that the congestion area can be big as long as it is
a tight range and still produce a nice trade.




I made a version of the Trendline_Colors strategy that only takes entries
as a buy or sell stop to go with the limit and market entries version.
I prefer to use it to make sure that the support or resistance in the area I am trading is still strong.
It should say "no order generated" until the price trades above or below it.
I plan to use it on GRMN later if it rallies.



I am making progress on my Weinstein strategy.
I just added a stop and reverse to it so it will take a breakdown once the bottom red line is broken. I still need to code in a few different exits to take partial profits.
The good news is I may not need the DavrasBox if I can get this to work right. The code is too much for my EL skill level at this time.


fatdog1
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Postby fatdog1 » Mon Jul 17, 2006 9:02 am

I am going to put the trendline buy stop strategy to the test some time this week on the emini Russell 2000.

We are coming into the area of support from last November between 675 and 673 for the second time this year. After that, there is a fresh area between 671.50 and 669.50.
If these two areas don't produce a bounce, it is a long way down to any fresh areas near last years lows.

Since the sellers are in control, I am going to hold out for the test of the fresh area at 671.50 to enter a long.




I will take the bounce trade up to this area of fresh resistance between 682 and 687 and sell one contract as soon as we trade there. I will tighten my stop up on the other contract. If we manage to clear that area, the next area between 697 and 705 will be my next target to reverse to a short.


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Postby fatdog1 » Mon Jul 17, 2006 9:32 am

Here is the Weinstein strategy running on the GBPUSD test chart.


fatdog1
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Postby fatdog1 » Fri Jul 21, 2006 3:45 pm

fatdog1 wrote:I am going to put the trendline buy stop strategy to the test some time this week on the emini Russell 2000.

We are coming into the area of support from last November between 675 and 673 for the second time this year. After that, there is a fresh area between 671.50 and 669.50.
If these two areas don't produce a bounce, it is a long way down to any fresh areas near last years lows.

Since the sellers are in control, I am going to hold out for the test of the fresh area at 671.50 to enter a long.




I will take the bounce trade up to this area of fresh resistance between 682 and 687 and sell one contract as soon as we trade there. I will tighten my stop up on the other contract. If we manage to clear that area, the next area between 697 and 705 will be my next target to reverse to a short.




"Since the sellers are in control, I am going to hold out for the test of the fresh area at 671.50 to enter a long."

If you are long from 671.50, use a tight stop since we have been down here twice this week already.
Have a good weekend,
FD1

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Ali Son
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Postby Ali Son » Sat Jul 22, 2006 10:49 pm

Fatdog1,

Regarding your Weinstein strat and post of : Mon Jul 17, 2006 10:32 am, due to the fact the usual Stage/consolidation/breakout horizontal long lines are not present, I am not sure precisely what the signals are that your strat is using. For example, at 9:15-12:15, what are those 3 red lines for--they look almost like TRO's dynamic lS/R Lines?

-OS

fatdog1
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Postby fatdog1 » Sat Jul 22, 2006 11:47 pm

Ali Son wrote:Fatdog1,

Regarding your Weinstein strat and post of : Mon Jul 17, 2006 10:32 am, due to the fact the usual Stage/consolidation/breakout horizontal long lines are not present, I am not sure precisely what the signals are that your strat is using. For example, at 9:15-12:15, what are those 3 red lines for--they look almost like TRO's dynamic lS/R Lines?

-OS


Hi Ali,

I have not asked anyone for help on the Weinstein strategy yet.
I have asked you and everyone else on this message board for help adding a condition to the DarvasBox code that it plots a box around a congestion area only if the congestion area is proceeded by a key reversal candle.

If you are ready to get involved in helping me write a code for Weinstein's 4 stages, let me know.

Here is a screen shot from the book in 1988, and a screen shot of a stage 3 in the EURUSD from July, 2003. They look the same and they still work.




fatdog1
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Postby fatdog1 » Sun Jul 23, 2006 12:04 am

None of the SMAA indicators work on my charts.

Here is what I get when I insert the SMAA dynamic S/R on a chart:



Here is the 4 hour tunnel:


rrobin
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Postby rrobin » Sun Jul 23, 2006 11:05 am

SMAA indicators are chart code that work on radar screen.

Look for _Dynamic S/R in the mother lode and see if it works.

HTH

rr

Ali Son
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Postby Ali Son » Sun Jul 23, 2006 2:23 pm

...
Last edited by Ali Son on Wed Jul 26, 2006 11:51 am, edited 1 time in total.

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