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I have to say from experience that @CL is one of the easiest symbols to create systems for.
I actually think that @HO is even easier. Now the question of whether you would trade them or not is up to you.
I have friends who don't want to hold over night and these systems are never easy to create and if you do you would never want to give them away for free. Just know that it can be done and most likely a single trader all by himself will not be able to come up with the idea without help. That's why I joined the strategy factory Club which @kevinkdog is the founding member.
We all have so much to give to each other but no one wants to give away for free. I like that @kevinkdog gave away a fairly simple algo here for you just to show it can be done. My recommendation is don't do this alone. Join his club and find out how to test properly and get all kinds of ideas to test from others. It has truly changed my trading life.
I will say that simple breakouts still work on crude with proper exit and entry parameters.
Very good information.
Now that you mentioned it, I think I remember seeing that in one of your many extremely useful youtube videos.
For example: There's one called "Trading Tip - Which type of stop loss is better"
With respect, sir, I disagree. In both cases, those conditions can be coded. It's been my experience that when someone says that something can't be coded, they simply haven't thought it through.
Many humans actually suck at trading, because they too often let their emotions - FOMO and greed being the two account-killers - dictate their actions. I've seen a post or two in this thread that showed the poster was a bit thin-skinned - emotion-driven people tend to not be good discretionary traders, and need machine assistance.
I know a guy who trains traders for the bank he works for. He runs them through trading drills - you see the setup, you pull the trigger. Practice enough, and trading becomes automatic, no emotions involved. Trade like a machine.
Now, take that one step further, and let the machine trade for you. This is exactly what he's done, and his algo has been making thousands per day, trading one contract on a variety of instruments.
I will not take it "one step further and let the machine trade for me". As I stated, I step aside during high volatility news events when most all us street smart traders pull their orders from the deck.
I am a professional trader who is not greedy or emotion-driven. And, I am a professional coder of many systems and have a huge pile of code with a bunch of parameters.
Indeed, Multicharts has a "confirm trade" feature that can be turned on for a signal.
It will prompt you before you make a trade.
The downside of course, is that it delays your buy/sell entry.
Whenever I create a parameter, I am always thinking:
Should this parameter VARY based on volatility or some other factor/measure ?
In other words make the parameter dynamic instead of fixed.
BTW: that 65 parameter....why not 60, why not 70 ?