Regarding the BPT MA Deluxe - I'm going to add in some very
simple Elliot Wave like logic, and I'm also going to start having
the indicator turn to a gray color from time to time indicating no
trade, instead of always being red or green. I like the idea
of the indicator indicating you go to cash from time to time
instead of always in. Here's a video I made showing a very
simple concept:
Guys I did it!! If you watched the video from this afteroon
regarding the BPT MA Deluxe and my clever idea to incorporate an
Elliot Wave trending concept into it, well I got the change code to
the indicator!!here's a quick video - it's allow the indicator to
go red 15 - 30 points highers
I've also attached a stats table, as you can now see, the BPT MA
Deluxe would have been in cash for at total of 155 days since 2009
- that's big difference because remember before it was always
in a trade
this EW concept - I'm going to add that to the SPY system,
remember the SPY system is a reversion to mean system, it's not a
trending system, though I have added some trending components to
it. The BPT MA Deluxe and the SPY Pro system are mutually
exclusive to one another and completely different concepts.
Anyway where it can get caught sometimes is buying a dip too
early - with my recent work on the BPT MA Deluxe EW component, I
can add that to the SPY system which would give a little more
intelligence to the system so when those trending times occur, it
could be signaled to wait and buy a deeper pullback rather than
buying too early. But again work work work, that's all I do
LOL. even for the BPT MA Deluxe, I still have about 10 things on my
mind to add to it, it all takes a lot of time and very difficult to
code.
man my ass is dragging today.....got about 1 1/2 hrs of sleep,
someone here needs to go buy me a $6 quad venti latte at Startbucks
LOL, ha continued joke from our prior discussion the other day
about how some people spend 100's a month at Starbucks
Yes - that functionality is still there, I just have don't show
it, it's a simple true/false statement.
and remember that blue color occurred by a stochastic or RSI
length that you pre set - it's on the file that you version that
you can download on the site as well
Hi Matt, We have the SPY Pro on a daily buy and SP Delux in a
daily sell. What type of style/method/approach would one use in
that scenario of conflicting signals?
torvix- remember
the BPT MA Deluxe is not a system yet, it's a trending indicator
and can be used for that knowledge, and once it's an official
system, it will be a trending system, whereas the SPY systems are
reversion to mean systems, they are completely different concepts
and mutually exclusive.
you can use them both and trade around them both actually, there
are many different ETF's for SPX, one could trade both at the same
time if you wanted, just like one could trade all three SPY systems
at the same time by allocating different percentages to each one.
Thanks Matt. How would you use them? would it be on the basis we
are in a range as evidenced by the conflict, hence sell strength
and buy weakness, while we wait for both indicators to point in the
same direction?
First off you should not use the word conflict - there is no
conflict between the two - the SPY reversion to mean systems go
long when the BPT MA red quite a lot because they buy dips, the BPT
MA is like turning a big ship, it's slow to respond and turn, many
times when it first turns over red the market is oversold short
term and in due for a short term bounce and the SPY systems don't
need much of a bounce to get out. now last night I discussed
this trade on the SPY systems the FOMC tomorrow, this is higher
risk, one could think about buying some put protection - if the FED
mentions taper tomorrow the market won't like it.
I can discuss this topic later - right now I'm responding to
others with trading questions on setups and trying to manage some
things myself, so this is a topic for after hrs or mid day when the
market is slower, you can also send me a pm or email to:
support@breakpointtrades.com and we can have a further discussion
in off time
the SPY systems were all profitable yesterday, so if anyone was
overly nervous one could have taken the position off or 1/2 the
position off for profits, heck they are still slightly profitable
even with the down move this morning- tomorrows FOMC could be
market moving
I still have another EW tick to add to the BPT MA Deluxe
indicator, maybe can get it done tonight, then I have about 7 other
things to add after that LOL
BPT MA Deluxe - adding an Elliot Wave logic to it using a novel approach
Posted by matt on 13th of Dec 2013 at 01:37 am
Regarding the BPT MA Deluxe - I'm going to add in some very simple Elliot Wave like logic, and I'm also going to start having the indicator turn to a gray color from time to time indicating no trade, instead of always being red or green. I like the idea of the indicator indicating you go to cash from time to time instead of always in. Here's a video I made showing a very simple concept:
CLICK HERE to watch the Video
---
Update
Guys I did it!! If you watched the video from this afteroon regarding the BPT MA Deluxe and my clever idea to incorporate an Elliot Wave trending concept into it, well I got the change code to the indicator!!here's a quick video - it's allow the indicator to go red 15 - 30 points highers
http://screencast.com/t/XzCCuDGg2hb
I've also attached a stats table, as you can now see, the BPT MA Deluxe would have been in cash for at total of 155 days since 2009 - that's big difference because remember before it was always in a trade
this EW concept - I'm
Posted by matt on 13th of Dec 2013 at 04:50 pm
this EW concept - I'm going to add that to the SPY system, remember the SPY system is a reversion to mean system, it's not a trending system, though I have added some trending components to it. The BPT MA Deluxe and the SPY Pro system are mutually exclusive to one another and completely different concepts. Anyway where it can get caught sometimes is buying a dip too early - with my recent work on the BPT MA Deluxe EW component, I can add that to the SPY system which would give a little more intelligence to the system so when those trending times occur, it could be signaled to wait and buy a deeper pullback rather than buying too early. But again work work work, that's all I do LOL. even for the BPT MA Deluxe, I still have about 10 things on my mind to add to it, it all takes a lot of time and very difficult to code.
man my ass is dragging
Posted by matt on 13th of Dec 2013 at 11:38 am
man my ass is dragging today.....got about 1 1/2 hrs of sleep, someone here needs to go buy me a $6 quad venti latte at Startbucks LOL, ha continued joke from our prior discussion the other day about how some people spend 100's a month at Starbucks
Hi Matt: In one of the
Posted by nickross on 17th of Dec 2013 at 07:40 am
Hi Matt:
In one of the earlier versions of the BPT MA Indicator, you had it turn Blue at times between Green and Red.
Have you removed this logic from the new version? Does it make sense having the indicator turn Blue or to remove it completely?
Thanks!
Yes - that functionality is
Posted by matt on 17th of Dec 2013 at 09:28 am
Yes - that functionality is still there, I just have don't show it, it's a simple true/false statement.
and remember that blue color occurred by a stochastic or RSI length that you pre set - it's on the file that you version that you can download on the site as well
Conflicting signals
Posted by torvix on 17th of Dec 2013 at 09:18 am
Hi Matt, We have the SPY Pro on a daily buy and SP Delux in a daily sell. What type of style/method/approach would one use in that scenario of conflicting signals?
torvix- remember the BPT MA Deluxe
Posted by matt on 17th of Dec 2013 at 09:40 am
torvix- remember the BPT MA Deluxe is not a system yet, it's a trending indicator and can be used for that knowledge, and once it's an official system, it will be a trending system, whereas the SPY systems are reversion to mean systems, they are completely different concepts and mutually exclusive.
you can use them both and trade around them both actually, there are many different ETF's for SPX, one could trade both at the same time if you wanted, just like one could trade all three SPY systems at the same time by allocating different percentages to each one.
Thanks Matt. How would you
Posted by torvix on 17th of Dec 2013 at 10:17 am
Thanks Matt. How would you use them? would it be on the basis we are in a range as evidenced by the conflict, hence sell strength and buy weakness, while we wait for both indicators to point in the same direction?
First off you should not
Posted by matt on 17th of Dec 2013 at 10:28 am
First off you should not use the word conflict - there is no conflict between the two - the SPY reversion to mean systems go long when the BPT MA red quite a lot because they buy dips, the BPT MA is like turning a big ship, it's slow to respond and turn, many times when it first turns over red the market is oversold short term and in due for a short term bounce and the SPY systems don't need much of a bounce to get out. now last night I discussed this trade on the SPY systems the FOMC tomorrow, this is higher risk, one could think about buying some put protection - if the FED mentions taper tomorrow the market won't like it.
I can discuss this topic later - right now I'm responding to others with trading questions on setups and trying to manage some things myself, so this is a topic for after hrs or mid day when the market is slower, you can also send me a pm or email to: support@breakpointtrades.com and we can have a further discussion in off time
the SPY systems were all
Posted by matt on 17th of Dec 2013 at 10:33 am
the SPY systems were all profitable yesterday, so if anyone was overly nervous one could have taken the position off or 1/2 the position off for profits, heck they are still slightly profitable even with the down move this morning- tomorrows FOMC could be market moving
I still have another EW
Posted by matt on 13th of Dec 2013 at 10:12 am
I still have another EW tick to add to the BPT MA Deluxe indicator, maybe can get it done tonight, then I have about 7 other things to add after that LOL
Outstanding
Posted by saf10000 on 14th of Dec 2013 at 04:10 pm
Matt, great idea. Appreciate all your time and work on this. Looking forward to applying it.
Steve