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-- Big Mike, Site Administrator
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Big Mike... Thank you very much for sponsoring the competition. I think it brought a lot of very good indicators to the site. There are some very good programmers and very creative minds out there. I am humbled.
Thanks to all participants and to NexusFi for setting up this contest.
I always feel, that digging into new indicators and finding ways to use them in a profitable way, can be a long road, possibly a dead end. Nevertheless, when I see these winners and also the others, it is very appealing to do so. Will just have to make time for it...
@LorraineP... I rec'd your post via email, but cannot find the actual post on the site.... I have messed around with building autotraders, but have not found the magic bullet yet... Backtesting may look great, but forward is way different. The bots all seem to get caught in the chop. As you know, there is a lot of discretion in discretionary trading. Perhaps you have some ideas that will break the barrier for me...
Using bloodhound to create a strategy: here's @bobc635's FisherHistogramWave Indicator. I've set this up to find a divergence from the Fisher line vs. price. For the short signal it looks for the Fisher line to be >2, the Fisher line to change inflection.
This is the ES, 2000 tick chart and I've somewhat randomly set the fisher period to 200 and length to 100 to try to get it pretty smoothed out.
PLEASE NOTE: I am just fooling around with this, I'm a newish trader and I don't want anybody to think this is a solid idea. It does look like a decent start though. In other words I'm throwing ideas out but the may not end up being any good.
you'd get the short signal on the close of the bar with the big red racing stripe so you would probably want to place a limit order at the bottom of the bar's wick? That would net you a successful scalp at all but the second signal (counting from the left). The first two signals are no good but 3, 4, and 5 are decent. I think I need to add some logic that checks to see that the inflection of the fisher line has been consistent for maybe 5 candles prior to the change in inflection? That would filter out the bad trade you'd get on the second signal from the left.
interesting idea indeed.... build it and test it.... Are you considering the price vs the EMA as well? What is the slope of the ema? Is price rejecting at the band? My experience says that there is a lot more needed.... For the indices, I find that the first few minutes tell the story for the day and if you can catch the 'Opening Range' you will be golden on many days.... Reverse test it and the forward test the heck out of it before you put any money against it. Automation can do a lot of harm very quickly. Good Luck!!!!
Not bad being the last to enter and taking second (third if you count bobc635 winning first and second). No less I made the mistake and entered a DLL version of the indicator.
I will upload the non-DLL version on Tuesday, not sure how I made that mistake. Traveling at the moment with no access to the PC the code is on.
Please donate anything I won to a Charity of your choosing.
Cheers,
Sody
"The great Traders have always been humbled by the market early on in their careers creating a deep respect for the market. Until one has this respect indelibly engraved in their makeup, the concept of money management and discipline will never be treated seriously."
I actually did have the file in Dropbox and uploaded the source to the indicator. Sorry for the inconvenience.
Sody
"The great Traders have always been humbled by the market early on in their careers creating a deep respect for the market. Until one has this respect indelibly engraved in their makeup, the concept of money management and discipline will never be treated seriously."
Thanks!!
