Yes, IMHO we need also some Trading Range systems like buy Stoch
60 cross up/ Short Stoch 60 cross down or some such.........maybe
when Matt's not doing anything ......... LOL
IMO not MACD because that is just another way of
visualizing MA crosses which lend themselves to trending not
trading range markets (throw in Fast MA value, Slow MA value,
Smoothing value of 1 as a MACD in any of our system
charts). Most trading range systems are often based
around oscillators. Money Flow might be an interesting one since it
incorporates volume, but Stoch or RSI would also be possible. Trick
would be for us to develop a filter that would say "OK stop using
the trending systems and start using the range systems" and vice
versa. Easy to see on a chart in hindsight but a challenge in real
time. Problem is they call for exactly opposite behavior -- if in a
trading range sell the highs and buy the lows, if trending buy the
breakout highs and short the breakdown lows. So need the
"Market/System type" filter first then maybe some confirming
indicators -- tough to automate some of the better ones we see
daily in action here from Matt, Dodger, ravun, rp and others --
divergences, trendline breaks, holding support, failing at
resistance etc. Might not be able to automate fully -- might have
to have auto-setup with manual confirm, but if something backtests
well that would be great.
trading range systems
ravun
Posted by 1800promote on 11th of Jun 2009 at 01:08 pm
what are they based on?...we have the moving average crossover on trending systems...
Yes, IMHO we need also
Posted by bkout3 on 11th of Jun 2009 at 01:31 pm
Yes, IMHO we need also some Trading Range systems like buy Stoch 60 cross up/ Short Stoch 60 cross down or some such.........maybe when Matt's not doing anything ......... LOL
Trading Systems
Posted by rgoodwin on 11th of Jun 2009 at 01:41 pm
If you have TS - why not try and see if you can spot such a system? I am sure others here would support any costs of having a program written.
what indicators perform well in
Posted by 1800promote on 11th of Jun 2009 at 01:52 pm
what indicators perform well in non trending markets?...i can try to develop an automated system..
You may want to look
Posted by dodgerdog on 11th of Jun 2009 at 01:53 pm
You may want to look into 30 and 60 minute stochastics moving from overbought to oversold.
RSI(14) and MACD crosses? Any
Posted by junkmaylbox on 11th of Jun 2009 at 02:09 pm
RSI(14) and MACD crosses? Any more of them?
Title: Trading range system discussion IMO
Posted by bkout3 on 11th of Jun 2009 at 02:38 pm
IMO not MACD because that is just another way of visualizing MA crosses which lend themselves to trending not trading range markets (throw in Fast MA value, Slow MA value, Smoothing value of 1 as a MACD in any of our system charts). Most trading range systems are often based around oscillators. Money Flow might be an interesting one since it incorporates volume, but Stoch or RSI would also be possible. Trick would be for us to develop a filter that would say "OK stop using the trending systems and start using the range systems" and vice versa. Easy to see on a chart in hindsight but a challenge in real time. Problem is they call for exactly opposite behavior -- if in a trading range sell the highs and buy the lows, if trending buy the breakout highs and short the breakdown lows. So need the "Market/System type" filter first then maybe some confirming indicators -- tough to automate some of the better ones we see daily in action here from Matt, Dodger, ravun, rp and others -- divergences, trendline breaks, holding support, failing at resistance etc. Might not be able to automate fully -- might have to have auto-setup with manual confirm, but if something backtests well that would be great.
any of the occilators
Posted by Michael on 11th of Jun 2009 at 02:32 pm
any of the occilators