Disliked{quote} The placing of the TP and SL lines are always very subjective, even using support, resistance, supply, demand, pivots, fibs and etc. Subjectivity is one thing I am unable to code into a TS, whats between the ears comes into play for that last 5% of the trade, and then things don't do what they were expected to do anyway, this is a crazy market. I am playing with using the TDI as a auto entry signal to see if can be used as an entry without having to set up the BO lines, the previous post chart was an auto TDI entry with Auto TSL set at 1.5...Ignored
- #2,764
- Dec 5, 2018 4:35pm Dec 5, 2018 4:35pm
Markets are horrible this week (for me anyway)
Others seem to have better success but most of my baskets just reverse after I have gone to bed (usually start of US session) and the SL gets hit.
Even the HM60 is struggling
Others seem to have better success but most of my baskets just reverse after I have gone to bed (usually start of US session) and the SL gets hit.
Even the HM60 is struggling
- #2,767
- Edited 9:06pm Dec 5, 2018 5:15pm | Edited 9:06pm
- | Joined Sep 2015 | Status: Trader | 1,863 Posts
{quote} Hi Everyone, here is a DB TDI Basket selection @ 22:15 GMT in prep for Basket Trader TS trading; could I ask some of you experts where you would draw/redraw your BO lines and underlying reasoning? Your feedback would help those of us less experienced traders immensely! Thanks in advance {image}
BTW: the 3 bar count back method is one suggested by Mr Guppy, the inventor of GMMA method. It can also be used to manually trail the SL, ie. place the SL at the 3 bar lowest low in this case.
Update: for further info on the Count Back Line method, check out Guppy's own site http://www.guppytraders.com/gup332.shtml
- #2,772
- Dec 5, 2018 7:59pm Dec 5, 2018 7:59pm
- | Joined Sep 2015 | Status: Trader | 1,863 Posts
{quote} Thanks a lot also JustUncleL just updated the chart with latest TDI 5 pair selection from the DB, seems to be ranging or preparing for a possible breakout at some point (?) Also a rookie question: with the TDI in the OS zone and in current state is the price always likely to either go sideways or go up? ie no need for a short BO breakout line? Thanks again {image} {image}
As I stated before, we are not going to get it right every time, lines on the chart are just that and the market defines where the actual price heads. The lines on the chart just represent areas of probable change in direction.
- #2,774
- Edited 10:46am Dec 6, 2018 8:47am | Edited 10:46am
- | Commercial User | Joined Jul 2009 | 5,727 Posts
- #2,776
- Dec 6, 2018 4:03pm Dec 6, 2018 4:03pm
- | Commercial User | Joined Jul 2009 | 5,727 Posts
Here is a sneak peak at S9_Basket_Trader_v5.
It combines 4 triggers into one, you can use any combination of these 4.
1) BO
2) TDI (with look back setting)
3) HAS (with color change or direction setting)
4) Swing (with look back setting)
The image below shows all 4 possible triggers being used and what they are presently at is shown at the top of the image.
A lot of possible settings to try.
It combines 4 triggers into one, you can use any combination of these 4.
1) BO
2) TDI (with look back setting)
3) HAS (with color change or direction setting)
4) Swing (with look back setting)
The image below shows all 4 possible triggers being used and what they are presently at is shown at the top of the image.
A lot of possible settings to try.
- #2,779
- Dec 6, 2018 4:52pm Dec 6, 2018 4:52pm
I would rather leave the HAS Basket TS as is, maybe I will add the HAS to the next version of the Basket Trader, then you would have both the HAS and the pivot lines along with the rest of whats already in the Basket Trader. Will look into it this week end. The next version of the Basket Trader will also contain the following: 1) BO lines 2) HAS 3) TD 4) Swing Points You will be able to use combinations of these to enter trades. This will be sent to those on Santa's list list weekend. This TS should surely cause MASS CONFUSION. LOL
Looks interesting though and like JustUncleL says it will be interesting to find a working combination.
At a guess I would say that needing all 4 to fire will bring very few but profitable trades.
Overnight HM basket - looks like I have set the EL too high. If I had simply set a profit of $20 I could have had 2 winning baskets in a row but instead I am looking down the barrel at another SL being hit. Time to change some settings.
Here is a sneak peak at S9_Basket_Trader_v5. It combines 4 triggers into one, you can use any combination of these 4. 1) BO 2) TDI (with look back setting) 3) HAS (with color change or direction setting) 4) Swing (with look back setting) The image below shows all 4 possible triggers being used and what they are presently at is shown at the top of the image. A lot of possible settings to try. {image}
Will look forward to seeing V5 Eugene, just getting to the current version, all this new stuff keeps a newbie on his toes LOL!
