Finding Poolbacks with Indicators

October 28th, 2015, 06:45 AM

Hello to all!
I'm writing very interesting automated system which will "think" and automatically change own parameters, depends on current market.
I'm using own methodic to find trends and it works very good. But today I want to talk about entry points.
After changing trend I want to find a first pullback, but still can't understand how to find it with any indicator. Want to know your opinions and experience.
For now I tried:
Bollinger - very bad thing cause Bands are always going up down and giving enters only when market going flat.
MAEnvelopes - exactly the same thing as Bollinger - having very bad enters.

One of the coolest thing I did - using Bill Williams fractals, but there are problem with "repainting" and slippage of 3 bars - fractals are calculating too long and Enter will be in 3 bars far from the bar on which fractal are painting. This is the best idea I have and maybe somebody can help me to resolve it?

The next things I still didn't try (but maybe you have experience in it):
Using ZigZag to find pullback
Using ATR to calculate volatility and put limit order upper/lower of the bar
Using WilliamsR to find pullback

Thanks!
If somebody will be interesting in finding trend methodics I will be happy to help!

October 28th, 2015, 12:28 PM

Your approach is overly simplistic and won't work, afraid to say.

If you end up getting Elite Membership at some point, you can check the threads on Neural Networks, Support Vector Machines, Artificial Bee Colonies, and Machine Learning to get you started down the right path.

Mike

Finding Poolbacks with Indicators

Discussion in NinjaTrader

Finding Poolbacks with Indicators