JB'S MACD / RSI Daily Bar Check-out

[Batcheler]

Trade Sig Daily Bar (5/31)

none yet, as new macd+rsi pure TA strategy system, with no name yet, is still in a Short from 5/12, so we'd have to wait for something new.

[knocks420]

Hey,

Question for you, how much leverage are you using per trade? I believe you said you are using a 10 pip SL? I'm in two positions right now, both down -6 pips with a 10 pip SL. Hope things change so I can get some sleep!

[Batcheler]

Originally Posted by knocks420

Hey,

Question for you, how much leverage are you using per trade? I believe you said you are using a 10 pip SL? I'm in two positions right now, both down -6 pips with a 10 pip SL. Hope things change so I can get some sleep!

correct, but perhaps even I myself am jumping-the-gun on lack of experience to do real-dough, so may try doing demo for more practice/observation. I too just lost 7 pips tonite, it was 11:47pmPST, and again I got anxious to do trade when market strength/energy too lite.

[Batcheler]

Obviously this nameless Daily_macd+rsi is still in a trend, to be only gotten out of some day by a trail_stop. I run the strategy each day with new bar data anyway. It's still, obviously, in a Short. Nice thing too about a neat straight strategy to run is its answer is in 30 sedonds or less! What a relief for me!

During entry in a trend, one can increase, within prudent limits, the mini or lot sizes count on your demo or real_dough platform to garner larger gain during the trend more. Only when I have the 2.0 version from TD someday will I be able to write a program to simulate that in the strategy.

I now took a jpg screen-shot to show you attached its performance........BACK-TESTED!......Whewwww! lol


+3300 is the top of the green equity curve. THe underwater slow down losing curve during one section in 2004 is about -750 for 1 mini (see red underwater bottom curve), which is easily taken in by 1) during the trends we're doing 2-4 minis, no doubt. And 2) during a flurry of these little losses after little losses, we can simply cut-out 'til better times start rolling again. Note that recent May downtrend is doing nicely!!!!!!

I'm continuing with strategy test variations as we speak, so those periods may improve, although from what I say, need not.

So what you all think, I miss anything? I took a look at the column "drawdown" throughout the different bar by bar moments, doesn't look like anything devastatingly humongous amongst them. I will study those again to figure a stop_loss setting. If there is anything .8% next bar lossy, why, that's already part of the setting in this strategy to cut-out denoted by the empty colored arrows on the chart! So what you see is what you get! So our SL is therefore probably 100 pips, and should ballpark follow what the strategy day by day says to do.

If in a trend like these past days, most often I won't need to post if nothing different, because this kind of strategy simply continues in said trend regardless of nearby and recent ups 'n downs! (HaLeLuYa!!! )

This thread is in longer term recommendations thread dept, so not only was fooling around with 5Min_bars against that, but it's pretty nervy, IF-y, and needing further study, which after all I gone thru, am just happy for this new un-named macd_rsi_daily gizmo! lol

OkYdOkY!?

[knocks420]

JB,

I'm having the hardest time in the world following your posts. Must be the alcohol (I usually look at moneytec at night). Anyway, that -6 turned to a +49 but I only had 1,000 units. I'm trading a real account. The Aussie -6 position I took for +3 pips later turned into 50+ too without coming near SL. I'm kicking myself. Also made +3.5 pips with 30,000 units about 10 minutes ago. I really think this is a winner. Too bad I'm not smart enough to understand your entire post and could pick up on your backtesting strategy results. Their good right??

[Batcheler]

Originally Posted by knocks420

JB,

I'm having the hardest time in the world following your posts. Must be the alcohol (I usually look at moneytec at night). Anyway, that -6 turned to a +49 but I only had 1,000 units. I'm trading a real account. The Aussie -6 position I took for +3 pips later turned into 50+ too without coming near SL. I'm kicking myself. Also made +3.5 pips with 30,000 units about 10 minutes ago. I really think this is a winner. Too bad I'm not smart enough to understand your entire post and could pick up on your backtesting strategy results. Their good right??

Theyr'e for Daily bars.
What are these "1,000" and "30,000" units you're talking about?
Can you tell me what tikes and other conditions you look for to do this other than the macd + rsi info I passed on? Would appreciate because I seem real lame re: time to try this 5Min stuff at wrong time of market action. THx knocks.

[knocks420]

I'm trading actual dollar values on the Spot market, not futues. 10,000 units = $1/pip, $30,000 = $3/pip. Trading an RSI/MACD on 5 minutes is hairy, especially with large leverage. I would like to trade with the overall trend however I have made some money going against.

[Batcheler]

macd+rsi daily
------------------------
still in holding pattern of a short to be trail_stopped someday. So no entry yet 'til after that and an entry signal. Current strategy variable search on computer with TD software has net gain at 5,000 in 4 years, which when looked at on a thou by thou basis, is 32X.