Linear Regression is set to 60 periods LR(60).
I was taught to wait for RSI(2) < 1 and RSI(2) > 99 BEFORE I enter the trade.
Yes, I wait for those RARE OCCASIONS to reap large profits.
BLACK BELT TRADING TECHNIQUE
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- TheRumpledOne
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I've been trying to nail out this strategy in NinjaTrader for awhile now, but I need some advise on how to calculate stops. Currently I just have my script programmed to exit positions if they drop 5%. This is a very rudimentary technique and just isn't going to cut it.
How do you determine your stops for this one TRO? I can eyeball potential resistances/supports, but I have no idea how to code them
God I wish I had TS so I could view all the code in those ELDs.
How do you determine your stops for this one TRO? I can eyeball potential resistances/supports, but I have no idea how to code them
God I wish I had TS so I could view all the code in those ELDs.
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- TheRumpledOne
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I posted the code for my Dynamic Support/Resistance indicator. You can start there.
But if you are trying to automate the code, forget all that stuff. Work on price alone. Either you take profit or stop loss. Make your decision and code it.
It is so tempting to code what looks like will be a "money machine" only to find out the market takes your money. Then the more you "fix" it the worse it gets.
That's why my approaches analyze the instrument and generate statistics on price movement rather than working with technical indicators for triggers.
But if you are trying to automate the code, forget all that stuff. Work on price alone. Either you take profit or stop loss. Make your decision and code it.
It is so tempting to code what looks like will be a "money machine" only to find out the market takes your money. Then the more you "fix" it the worse it gets.
That's why my approaches analyze the instrument and generate statistics on price movement rather than working with technical indicators for triggers.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
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TRO--
First of all--thank you for all your hard work and great posts both here and at TradeStation. Im very new to tradestation and easy language and I had one question for you on this strategy--Any chance you have the .ELD for the indicators mentioned for this black belt technique? Trade Station has RSI but it doesnt seem that its RSI(2) and for Linear Regression I dont see a channel option there is an RSI Line but you mention an upper and lower linear regression as part of the strategy (I guess I could put in 2 linear regression lines with different length to get the channel?? But what are the inputs for the second line) Any help would be appreciated.
Thanks in advance
First of all--thank you for all your hard work and great posts both here and at TradeStation. Im very new to tradestation and easy language and I had one question for you on this strategy--Any chance you have the .ELD for the indicators mentioned for this black belt technique? Trade Station has RSI but it doesnt seem that its RSI(2) and for Linear Regression I dont see a channel option there is an RSI Line but you mention an upper and lower linear regression as part of the strategy (I guess I could put in 2 linear regression lines with different length to get the channel?? But what are the inputs for the second line) Any help would be appreciated.
Thanks in advance
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C-Trader wrote:TRO--
First of all--thank you for all your hard work and great posts both here and at TradeStation. Im very new to tradestation and easy language and I had one question for you on this strategy--Any chance you have the .ELD for the indicators mentioned for this black belt technique? Trade Station has RSI but it doesnt seem that its RSI(2) and for Linear Regression I dont see a channel option there is an RSI Line but you mention an upper and lower linear regression as part of the strategy (I guess I could put in 2 linear regression lines with different length to get the channel?? But what are the inputs for the second line) Any help would be appreciated.
Thanks in advance
For RSI(2), change the input!!
For the LR Channel, go to the TS forum, eKam posted one there that works. In one of the Motherlodes (I don't know which one) there's an LR Channel indicator.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
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