Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
You can fine tune the calculations to be based on monthly, weekly, or daily price points and then calculate those on an hour-by-hour basis, or use the normal calculation method. That is part of the indicator.
If you want to restrict the indicator to only seeing certain data, like 9:30am - 3:15pm, then set your Session Start and End times in the chart properties.
Well... been fascinated with the MML on CL lately, so decided sure why not, I wrote a strategy to try and trade solely based on MML's. No moving averages, no trend, no MTF, nothing -- MML the end period. In fact, I didn't even filter for time (cash open) or filter for news (I normally use my indicator TimedBarSpan to filter news events [it detects when bars are coming too fast]).
I use perish's GO so I wanted to allow the strategy to determine a few things:
- Individually select which combination of the 12 MML's to use or discard
- Control the threshold of how close Price is to a MML before triggering an entry
- Control the stop and target factors which are based on the distance between each MML
- Choose to recalculate MML hourly or not
So it crunched for a while on all the CL tick data I have (June 20 to present, which I've combined into a continuous contract) and came back with the results I've attached. The drawdown is huge but I like that the win/loss $ ratio is > 1 and the win rate over 50%. The results include commission, which on Amp is about $7 per RT (overpriced).
I may keep working on it... this is with 1 contract btw.
I think you're saying you want the Chart to be a 24-hour chart, but the MML indicator to be time-restricted. With most indicators that would be easy to accomplish but I don't believe that is the case with the MML because it is very time sensitive, I don't think the normal exclusion code would work with it.
To see if it has 'merit' you might just want to keep two charts up. One with globex times only and the other with 24h chart, both with MML's, and see if there is any useful difference.
Ok two posts up I was talking about MML and CL. I decided to run against ES. Mind you, I haven't even looked at the ES in months... but I always like to run strategies on more than one instrument, it gives you a sense of curve fitting.
It came back amazingly well on the ES. With nearly identical settings as on CL, it produced the attached results on ES. And boy, I couldn't believe how fast the optimizer is on ES... it's been a while since I've done anything other than CL, and CL has ** sooo ** much more tick data than ES it takes forever longer...
Sorry Mike, I had a old version, must of got it from Ninjatrader forum, for some strange reason, it didnt plot on a range bar chart. I just downloaded your version and it works.