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At the start of all this craziness, my wife and I told my 10, 12 and 14 year old our expectations: DO YOUR ONLINE WORK, without Mom and Dad reminding you. So far, so good.
And after Spring Break, the schools are grading them: simply do all the online assignments, get an "A." I've told my 3 that there is no excuse for getting a "B." We are lucky though, none have them have a B yet this school year.
I get the feeling I am very lucky with my 3, at least gradewise!
Yikes. Our school district is having teachers take attendance. I come from a family of educators and by coincidence one of my largest clients is a school district, so continuing their education is not an option. My sister is an assistant principal of a Title I school in Florida, so she has had to continue working and hand out meals as a 'grab-and-go' site.
From middle school through high school we have 1:1 technology, meaning every kid has a Chromebook. And any kid in elementary school can pick up the technology they need to continue classwork, too. Comcast is offering free hotspot WiFi throughout our area during this crisis, so there is very little excuse for not checking in. Compliance has been pretty good thus far, judging by the attendance in my kids online classes.
Ours are 9 and 11. Both have ADD/ADHD and one is on the autism spectrum, so everything is about 3x more difficult. Our son took a quiz today about 5 times to get 100%. He is motivated, but I set the same criteria as you: there is no excuse for 80%. They are coming along.
I gave them 'spring break' the first week of being home, as I knew our district would probably be taking it away (they did). Online learning officially started this past Monday, but other than the first week off, we have kept them busy with a required list of activities, including chores, reading, and exercise.
During the school week (which is usual) we ban video games and they can watch some TV if they complete their school work. Our schools are closed until May 15, though I expect it to run until the end of the school year.
I got nothing profound to say, just the usual, casual comment.
You have a good to read and learn from journal.
From Vix to ATR and fractals, testing of strategies and back and forth between couple of really knowledgeable people on subject. Really nice, I learned a lot in one go so thanks for everyone who were active.
I usually spend 2-3 days on one thread, but yours I read in one go, you can also thank me for adding some 25+ likes and pushing you north of 1k.
I promise I was not stocking just went with the flow
Thanks for sticking with it and all the likes. I retired one journal already, but you probably don't want to go there. I journal to help me see where I have been and share what I have learned and discovered along the way. Yeah, I'm kind of all over the place, but have had some fantastic people help me along the way.
I am constantly learning, so there is just so much that I discover each time I trade, or pickup a book or magazine. As far as I am concerned, I know nothing.
I love your posts over in Funny pic of the day, they always make me laugh. Thanks again!
Just a quick entry. I decided to write a strategy using the Awesome Oscillator (AO) borrowing the EasyLanguage code from the indicator. It took me about 30 minutes to code and another 30 minutes to test and validate.
Below are the trades generated for this week, using the following criteria:
Take first signal of the week
Reverse on opposite signal direction
No stop loss (just for clarity)
Awesome Oscillator - 60 minute ES
All signals were taken. By itself, AO is not tradable, though it does produce some good signals. I can see where fractals (shown as dots on the top of the chart) could be used for exit points.
That is all for now. More work to be done on these ideas.
We bought MultiCharts licenses
Thanks to @ocpb, who let me know about MultiChart's Easter sale, we were able to get a huge discount on licenses. So we spent a couple of days evaluating MC, and then bought 2 lifetime licenses. Now our MC adventure begins. I don't see TradeStation going away, but this will allow us to work with our existing algo strategies with little or no modification, on different brokers.
MultiCharts seems to run our strategies well, but there is a lot of testing to do.
We tested Interactive Brokers
We have developed a strategy for trading forex, so we have decided to setup an account with IB, since TradeStation does not offer forex trading in the US. This is also a great opportunity to have a second broker, so we don't have all of our eggs in one basket.
Looking at IB pricing, they seem to be competitive for forex. So that will be a new facet of our trading business.
I have been doing further research on Bill Williams' various trading methods. I was trying to make sense of his 'balance line' concept. He is not always clear in his definitions, but I believe the balance line is simply a 34 bar smoothed moving average. He has multiple methods for using fractals in trading, but here are two example with the balance line, one long and one short. I was looking at silver in 2018.
Balance Line Trades with Fractals
Further analysis will determine if this is useful. I have noticed that his indicators work better in some market regimes than others. There are a plethora of ways to use the tools, so there is plenty of work to do with this.
I also took a look at the Market Facilitation Index (MFI), but the TradeStation implementation is useless. I don't see a lot of use for the MFI, but this may just be my understanding of how to use it.
That's all. I won't be posting again this week, so I will be back at it next week. Happy trading all and stay safe!
Thanks for the advice. It totally makes sense, since forex data varies by vendor. I know we can use the TS data, but do you know if we can use TS data while also running TS online? In other words, can we connect to the data in Multicharts, while simultaneously running TS?