Posted by crossharry on 12th of May 2023 at 11:40 am
Not underrated in the UK or their home town of Manchester, which
is my home town :)
The city produced some great Indie bands in the 80s and 90s as
well as the Smiths - Joy Division, New Order, James, Happy Mondays,
The Verve, Stone Roses, The Charlatans, plus Oasis of course. A
great time to be alive.
Posted by crossharry on 11th of May 2023 at 12:06 pm
Hi Matt, re your newsletter last night, I have looked at some of
your previous screenshots for the new VIX Bollinger Band strategy
and noticed that some of the SPY trades were a bit early, so I was
inspired to try to re-create the strategy in TradeStation and for
good measure I added scale-ins - this improves the Profit Factor as
you can see. I have also attached screenshots of recent trades.
Also, in your newsletter you mentioned the strategy can "scale out
at average true range moves" - can you possibly give me a little
more insight on how the ATR is used so that I can attempt to code
this type of exit?
Posted by crossharry on 6th of Apr 2023 at 09:23 am
Glad, choose the S&P500 or Nasdaq100 tab at the top of the
page, then in the box immediately below make sure you select
'Long'. By default, stocks in the KISS tables are filtered by
'new' results e.g. new STS, new Flat, etc. However, AMZN is an
existing long at the moment.
Posted by crossharry on 5th of Apr 2023 at 01:55 am
Hi Mundy, it's ChatGPT not GBT. There is a longish thread on 8
March involving Matt, including posting of code by another and Matt
introducing his MACD kiss concept.
Posted by crossharry on 23rd of Mar 2023 at 10:40 am
Matt, looking at the past trades on that sub-system and the many
other system screengrabs you have posted in the past, it appears to
me that rather than going into cash you could simply reverse into a
trade in the opposite direction (perhaps scaling in) and make
money. Have you ever backtested that for any of the
sub-systems?
Posted by crossharry on 14th of Mar 2023 at 03:27 pm
Matt describes it as follows in a post on 28 Nov 2022:
"The A's are pretty good, Amateur buying at tops, and Amateur
selling at lows. Basically it's volume declining and smaller size
prints in volume as price goes up or down; for example in an
uptrend when price gets exhausted, you get the late buyers,
typically individuals who trade small size few hundred shares, not
institutions who are large prints. During downtrends you get the
very late sellers or shorts who are selling very oversold
conditions."
Posted by crossharry on 9th of Mar 2023 at 07:35 am
Yes, it's one of Matt's proprietary algorithms - I don't think
it's part of the BPT SPY/ES sub-systems but it's clearly a powerful
tool. Matt describes it as follows in a post on 28 Nov
2022:
"The A's are pretty good, Amateur buying at tops, and Amateur
selling at lows. Basically it's volume declining and smaller size
prints in volume as price goes up or down; for example in an
uptrend when price gets exhausted, you get the late buyers,
typically individuals who trade small size few hundred shares, not
institutions who are large prints. During downtrends you get the
very late sellers or shorts who are selling very oversold
conditions."
Posted by crossharry on 1st of Mar 2023 at 08:14 am
Ha, I should have said entertaining and educational. As the
current resident Grizzly of the BPT community, you always provide a
very useful counterpoint to those of a more bullish / kool-aid
drinking (delete as applicable) disposition.
Posted by crossharry on 16th of Feb 2023 at 11:45 am
Matt, just want to clarify - didn't you send out an email a few
days ago saying you were manually closing out the DVDS system
short? That said, I note the trade is not updated on the system
page in terms of Gain/Loss. Anyway, I'm in cash.
Posted by crossharry on 6th of Feb 2023 at 12:15 pm
On Friday Matt provided an update to James' comment - here is
the copy and paste of what Matt wrote:
Yesterday James commented on that DVDS trade saying that it was
meeting exit conditions last night, at the moment it no longer is.
That said, I may elect to add some sort of stop using yesterday
prices or I might elect to take off the trade early depending on
what the market does.
as far as this particular system, as I stated I will be
experimenting with some other exit conditions to see if I can
improve that.
also guys the short illustrates my point: for years and
years everyone bugs me, why don't the systems do more shorts? Why
do they take so many more longs than shorts, even in bear
markets?
As I've said - shorts are a real bugaboo. When I did my
extensive testing I found that it was easy to get into situations
where a system would get caught short during a strong rally. MUCH
easier for that to happen than for a long trade to get caught in a
bad decline. Short systems were much more difficult than the long
systems and I had to keep the settings tighter and as a result
there were much less short trades.
Even in bear markets the long systems do way way more trades
than the short systems do
markets do not move up and down in the same way, the psychology
is different, it's not like a Yin and Yan situation where one
behaves opposite to the other: Markets tend to flush down
quickly, get oversold, then bounce as fear ramps up. Rallies on the
other hand can be strong initially (rip your face off rallies) then
price can drift up for long periods of time - it's why topping is
more of a process that needs to develop over time, whereas
bottoming tends to be quick and sharp.
markets trade differently on fear than they do on greed
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My indicator says 9.
Have a great weekend everyone!Anyone have a current demark count ...
Posted by crossharry on 9th of Jun 2023 at 04:48 pm
My indicator says 9.
Not underrated in the UK
SPX - the wick just formed pierced through the 61.8 ...
Posted by crossharry on 12th of May 2023 at 11:40 am
Not underrated in the UK or their home town of Manchester, which is my home town :)
The city produced some great Indie bands in the 80s and 90s as well as the Smiths - Joy Division, New Order, James, Happy Mondays, The Verve, Stone Roses, The Charlatans, plus Oasis of course. A great time to be alive.
Hi Matt, re your newsletter
Wednesday's Newsletter and Video May 10th 2023
Posted by crossharry on 11th of May 2023 at 12:06 pm
Hi Matt, re your newsletter last night, I have looked at some of your previous screenshots for the new VIX Bollinger Band strategy and noticed that some of the SPY trades were a bit early, so I was inspired to try to re-create the strategy in TradeStation and for good measure I added scale-ins - this improves the Profit Factor as you can see. I have also attached screenshots of recent trades. Also, in your newsletter you mentioned the strategy can "scale out at average true range moves" - can you possibly give me a little more insight on how the ATR is used so that I can attempt to code this type of exit?
Hi Matt, just out of
SPX view
Posted by crossharry on 5th of May 2023 at 11:14 am
Hi Matt, just out of interest, is the DVDS short still in play as per the rules of the code?
Matt, you're such a tease,
DVDS systems short update
Posted by crossharry on 2nd of May 2023 at 10:28 am
Matt, you're such a tease, it's uncanny how often your systems take us to the brink - to hell and back, baby!
It might be old but
New stops on SPY and ES breakout
Posted by crossharry on 18th of Apr 2023 at 04:23 pm
It might be old but didn't you say a couple of weeks ago that the DVDS system has 100% winning trades? No age discrimination on this site... :)
Hi Matt, can you confirm
Breakout SPY and ES systems
Posted by crossharry on 13th of Apr 2023 at 06:49 pm
Hi Matt, can you confirm the new stop for MES Breakout trade after today's close? Thanks.
Glad, choose the S&P500 or
can anyone tell me why i can not find AMZN ...
Posted by crossharry on 6th of Apr 2023 at 09:23 am
Glad, choose the S&P500 or Nasdaq100 tab at the top of the page, then in the box immediately below make sure you select 'Long'. By default, stocks in the KISS tables are filtered by 'new' results e.g. new STS, new Flat, etc. However, AMZN is an existing long at the moment.
Hi Mundy, it's ChatGPT not
Matt recently posted a few posts using chatgbt to design ...
Posted by crossharry on 5th of Apr 2023 at 01:55 am
Hi Mundy, it's ChatGPT not GBT. There is a longish thread on 8 March involving Matt, including posting of code by another and Matt introducing his MACD kiss concept.
Hi Matt, does the Breakout
The Breakout System trades
Posted by crossharry on 3rd of Apr 2023 at 11:38 am
Hi Matt, does the Breakout system have up to 3 x scale-in entries like the reversion-to-mean systems?
Matt, looking at the past
As I said last night
Posted by crossharry on 23rd of Mar 2023 at 10:40 am
Matt, looking at the past trades on that sub-system and the many other system screengrabs you have posted in the past, it appears to me that rather than going into cash you could simply reverse into a trade in the opposite direction (perhaps scaling in) and make money. Have you ever backtested that for any of the sub-systems?
Matt describes it as follows
SPY System - would it still close out if the ...
Posted by crossharry on 14th of Mar 2023 at 03:27 pm
Matt describes it as follows in a post on 28 Nov 2022:
"The A's are pretty good, Amateur buying at tops, and Amateur selling at lows. Basically it's volume declining and smaller size prints in volume as price goes up or down; for example in an uptrend when price gets exhausted, you get the late buyers, typically individuals who trade small size few hundred shares, not institutions who are large prints. During downtrends you get the very late sellers or shorts who are selling very oversold conditions."
On TradingView charts such as
Man those A's are good
Posted by crossharry on 9th of Mar 2023 at 11:44 am
On TradingView charts such as the one in this thread, does anyone know what the purple flash inside a purple circle denotes?
Yes, it's one of Matt's
Hi all, can someone tell me what “A’s” refers to? ...
Posted by crossharry on 9th of Mar 2023 at 07:35 am
Yes, it's one of Matt's proprietary algorithms - I don't think it's part of the BPT SPY/ES sub-systems but it's clearly a powerful tool. Matt describes it as follows in a post on 28 Nov 2022:
"The A's are pretty good, Amateur buying at tops, and Amateur selling at lows. Basically it's volume declining and smaller size prints in volume as price goes up or down; for example in an uptrend when price gets exhausted, you get the late buyers, typically individuals who trade small size few hundred shares, not institutions who are large prints. During downtrends you get the very late sellers or shorts who are selling very oversold conditions."
'Amateur' buying / selling. Don't
Hi all, can someone tell me what “A’s” refers to? ...
Posted by crossharry on 9th of Mar 2023 at 05:10 am
'Amateur' buying / selling. Don't be an A....... :)
Ha, I should have said
Certainly a precarious setup ... it's not like both bull ...
Posted by crossharry on 1st of Mar 2023 at 08:14 am
Ha, I should have said entertaining and educational. As the current resident Grizzly of the BPT community, you always provide a very useful counterpoint to those of a more bullish / kool-aid drinking (delete as applicable) disposition.
Fredsaid is very entertaining.
Certainly a precarious setup ... it's not like both bull ...
Posted by crossharry on 28th of Feb 2023 at 05:51 pm
Fredsaid is very entertaining.
Would be interesting to see
I just hope no one bought that Golden Cross - ...
Posted by crossharry on 24th of Feb 2023 at 10:10 am
Would be interesting to see those stats updated for the past few years :)
Matt, just want to clarify
example of Chat GPT
Posted by crossharry on 16th of Feb 2023 at 11:45 am
Matt, just want to clarify - didn't you send out an email a few days ago saying you were manually closing out the DVDS system short? That said, I note the trade is not updated on the system page in terms of Gain/Loss. Anyway, I'm in cash.
On Friday Matt provided an
ES systems. Is the DVDS system still open or not? ...
Posted by crossharry on 6th of Feb 2023 at 12:15 pm
On Friday Matt provided an update to James' comment - here is the copy and paste of what Matt wrote:
Yesterday James commented on that DVDS trade saying that it was meeting exit conditions last night, at the moment it no longer is. That said, I may elect to add some sort of stop using yesterday prices or I might elect to take off the trade early depending on what the market does.
as far as this particular system, as I stated I will be experimenting with some other exit conditions to see if I can improve that.
also guys the short illustrates my point: for years and years everyone bugs me, why don't the systems do more shorts? Why do they take so many more longs than shorts, even in bear markets?
As I've said - shorts are a real bugaboo. When I did my extensive testing I found that it was easy to get into situations where a system would get caught short during a strong rally. MUCH easier for that to happen than for a long trade to get caught in a bad decline. Short systems were much more difficult than the long systems and I had to keep the settings tighter and as a result there were much less short trades. Even in bear markets the long systems do way way more trades than the short systems do
markets do not move up and down in the same way, the psychology is different, it's not like a Yin and Yan situation where one behaves opposite to the other: Markets tend to flush down quickly, get oversold, then bounce as fear ramps up. Rallies on the other hand can be strong initially (rip your face off rallies) then price can drift up for long periods of time - it's why topping is more of a process that needs to develop over time, whereas bottoming tends to be quick and sharp.
markets trade differently on fear than they do on greed