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Sorry, I still don't get it. I wish I had the code for the crude oil trading system.
I noticed that with both Elite Trade and FuturesIO traders are reluctant to post their code and reluctant to post their trading results.
Can you help answer these questions from other members on NexusFi?
Thanks for that Kevin. My fault on all of the confusion. I thought I had said the trailing stop was a benefit to MY trading systems.
I will certainly test out the code you posted.
65 day lookback ? wow.
R-Factor less than 1 ? another wow.
OK Kevin, you were right. No combination of parameters for my trailing stop signal could beat the fixed profit target setting in this signal.
However, note that I only went back to 1/1/2018....and the profitability of this system is quite marginal-at-best.
There were many times went it got whipsawed by constant buy/sell signals over a short period of time.
See attached.
When I put in TOS, ADX(14) only goes below 10 7 times last 20 years, show by yellow bars. Effectively this is only close crossing close[65], see gray hashes. Maybe you guys simply have differences in calculations.
with ADX condition (original): $49520 NP, 52 trades
without ADX condition: $47900 NP, 54 trades
Essentially, the ADX condition does nothing.
Once I test, I don't go back and make changes. This was one where going into it I thought ADX would matter, clearly market says "Kevin, you are wrong!"
So here is my intraday trading system. It did well today. No future guarantees....natch.
As a trend-following system using a unique momentum indicator, current logic would not work in range-bound, sine-wave painting markets.
It does employe my trailing stop signal with a 10 tick min profit and a 50% retracement setting.
Keith Fitschen did extensive research on intraday systems and concluded that counter-trend systems would beat trend-following systems in the long run.
Sadly, it appears that Keith has retired...his book is no longer in circulation and his website is defunct. 2022-08-16-Results-OBV