As you know we always show the daily and 120 min BPT MA Deluxe
and other indicators. With the daily and 120 min version I always
talk about the higher lows, being long and using those as your
stop. I discuss how I want price to be over the ATR
indicator. Anyway for this year I went ahead and compiled the
stats if you traded the 120 min time frame of SSO using the DVT
higher low method for raising stops. I only did this for
longs: My filters are I want the 60 Stochastic to be over
50%, and the MA ribbon to be going positive
the stats are very impressive. You can see the entry dates
and times, since this is off a 2hr time frame you can see I list
the hourly dates for the entries and exits.
Notice I have the stops on the right, each time a new stop was
generated I list it, notice at times how many times you are able to
raise your stops.
the re-entry long on 12/5 would still be long, however I show
the % gain, and of course the stop on that is 147.9. Anyway
would be up about 55% for the year on this, not bad
on that 2hr trend system, one issue is that there are obviously
not an even 2hr bars during the cash market. The way Stockcharts
does it, they count the first bar as only 30 min from 9:30 - 10:00
EST, and the next 3 bars are 2 hr bars: 12, 2, 4. In
Tradestation their charts have two options, Natural Hours and
Session Hours. Natural Hours mirror Stockcharts, and Session Hours,
which I showed on the weekend, move that 30 min bar from the 1st 30
min segment of the day to the last 30 min time of the day 3:30 - 4.
To match Stockcharts I would have to switch to the Natural
Hours setting obviously. However either one does not have
even 2hr bars as you have to have one 30 min bar in there somewhere
with the cash market only 6.5 hrs.
However I an considering a more custom time frame, such a 130
min chart instead of a 2hr chart, this would give an even 3 bars
during the day. Or, maybe even dividing the day up exactly by
2 and using a 195 min bar would give exactly 2 bars during the day
might even be simpler
I use 65 min and 195 because of the 30 min difference, you will
have 7 bars and if you cut it down to 65/195 then you have 6
even bars for the day. Just a thought.
I could also see that method being employed on a 60 min, 30 min,
and 15 min time frame, so 4 time frames where you take an
account and divide it among the 4 time frames to trade, or you take
your main trades off the 120 min and scale out and in from the
lower time frames
Matt, what are you using for entry? (when the BPT MA Deluxe goes
green on the 2 hour chart?) Or are you using the Renko or
PMOBUYALL? I understand the stops and I understand your
filters.
This would be a really great swing system to complement the
often times shorter term SPY Hi Prob system. I would like to trade
this but would like to know for sure how best to enter the
trade.
so on that 2hr time frame you would had 7 trades so far this
year, still in the 7th trade, that's not may trades considering you
are using a 2hr time frame
As you know we always
Posted by matt on 20th of Dec 2019 at 04:12 pm
As you know we always show the daily and 120 min BPT MA Deluxe and other indicators. With the daily and 120 min version I always talk about the higher lows, being long and using those as your stop. I discuss how I want price to be over the ATR indicator. Anyway for this year I went ahead and compiled the stats if you traded the 120 min time frame of SSO using the DVT higher low method for raising stops. I only did this for longs: My filters are I want the 60 Stochastic to be over 50%, and the MA ribbon to be going positive
the stats are very impressive. You can see the entry dates and times, since this is off a 2hr time frame you can see I list the hourly dates for the entries and exits.
Notice I have the stops on the right, each time a new stop was generated I list it, notice at times how many times you are able to raise your stops.
the re-entry long on 12/5 would still be long, however I show the % gain, and of course the stop on that is 147.9. Anyway would be up about 55% for the year on this, not bad
on that 2hr trend system,
Posted by matt on 23rd of Dec 2019 at 02:12 pm
on that 2hr trend system, one issue is that there are obviously not an even 2hr bars during the cash market. The way Stockcharts does it, they count the first bar as only 30 min from 9:30 - 10:00 EST, and the next 3 bars are 2 hr bars: 12, 2, 4. In Tradestation their charts have two options, Natural Hours and Session Hours. Natural Hours mirror Stockcharts, and Session Hours, which I showed on the weekend, move that 30 min bar from the 1st 30 min segment of the day to the last 30 min time of the day 3:30 - 4. To match Stockcharts I would have to switch to the Natural Hours setting obviously. However either one does not have even 2hr bars as you have to have one 30 min bar in there somewhere with the cash market only 6.5 hrs.
However I an considering a more custom time frame, such a 130 min chart instead of a 2hr chart, this would give an even 3 bars during the day. Or, maybe even dividing the day up exactly by 2 and using a 195 min bar would give exactly 2 bars during the day might even be simpler
I use 65 min and
Posted by ssaffer on 23rd of Dec 2019 at 03:48 pm
I use 65 min and 195 because of the 30 min difference, you will have 7 bars and if you cut it down to 65/195 then you have 6 even bars for the day. Just a thought.
thx, I like the even
Posted by matt on 23rd of Dec 2019 at 03:49 pm
thx, I like the even number of bars
I could also see that
Posted by matt on 21st of Dec 2019 at 12:04 pm
I could also see that method being employed on a 60 min, 30 min, and 15 min time frame, so 4 time frames where you take an account and divide it among the 4 time frames to trade, or you take your main trades off the 120 min and scale out and in from the lower time frames
Matt, what are you using
Posted by cozz101 on 20th of Dec 2019 at 04:57 pm
Matt, what are you using for entry? (when the BPT MA Deluxe goes green on the 2 hour chart?) Or are you using the Renko or PMOBUYALL? I understand the stops and I understand your filters.
This would be a really great swing system to complement the often times shorter term SPY Hi Prob system. I would like to trade this but would like to know for sure how best to enter the trade.
it's mentioned in the post.
Posted by matt on 20th of Dec 2019 at 05:18 pm
it's mentioned in the post. 60 Stochastic confirming over 50%, price over ATR, MA ribbon going positive, BPT BR Squeeze positive
Okay so those four filters
Posted by cozz101 on 20th of Dec 2019 at 05:50 pm
Okay so those four filters need to be triggered to get the buy on the two hour chart. Makes sense, thanks for clarifying.
so on that 2hr time
Posted by matt on 20th of Dec 2019 at 04:28 pm
so on that 2hr time frame you would had 7 trades so far this year, still in the 7th trade, that's not may trades considering you are using a 2hr time frame
Great work on the program.
Posted by ssaffer on 20th of Dec 2019 at 04:23 pm
Great work on the program. I look forward to even greater 2020 as I just started implementing the trades this 4th quarter.