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EOD trading system

Quoting elchoco
The actual strategy was for a tick-up of the stoch when previously below 50. I dont know if the "basic line on top of signal line" will always give you the same trigger.

also



I see you have the 1D charts open so whats the scalping bit???
Thanks. I started looking at a system similar to this one but for 5 min charts and ended up on this thread after googling for further information. I don't mind any timeframe as long as I find it profitable.

Chamane
I just found this thread yesterday and I'm only 20 pages in but was anything ever determined about using a trailing stop vs the hard stop?
Are people locking in profits and bringing it to B/E at some point?
This is the quintessential problem set-up for this strategy.

CCI heading up strongly but still negative and stoch (possibly) about to tick down.

Let's see what happens.
Attached Image
....does this method have, I was wondering?

Interest seems to have dropped recently - maybe because everyone's printing money with the strat, maybe because it's having a sticky patch?Scanning over recent charts seems to suggest a very high failure rate at the minute

Having read the thread I think I follow the methodology but thre doesn't seem to be much discussion about backtested (I know) or ongoing performance.

How many are using this method at the moment?

UTB
I've been using since Nov 08 and am continuing on. I have recently started some back testing in my own home brew simulator but have nothing to report.

Looks like a bunch of trades setting up for tonight.

Lynn
Here is my latest equity curve.
Attached Image (click to enlarge)
Click to Enlarge Name: 4-2-09 Equity Curve.JPG Size: 33 KB
Good batch of trades lately?
I followed the rules and got crushed on 5 out of 8 trades in the past week using this method.....maybe you can post your trades as they happen so I can see if I am doing this right?
Hi

If you look at any fund managers equity curve you will often see big draw downs...all we see at the end of the year hopefully is a positive return if we saw the action week by week we would pull our funds...

If you look at Ibhales equity curve starting at any peak just before a draw down any of us would of felt uncomfortable.

The system is solid you just have to accept draw downs and losing trades in a row thats why MM is so important I have posted a spread sheet for calculating risk in the thread ..if you restrict your trades to 2-3% you will be fine..

Its only human we see a system we have 5k we risk 25% on one trade as we want to see a huge return in a small time after all isnt that what Futures traders do ??

In reality it doesnt often happen like this

Thanks for all the fantastic hard graft Ibhales and sticking with it i/we really appreciate it.

Im off to France today for a week holiday its ha;f term here so I wont be posting

Thanks again guys

Paulus
I agree with everything you said.....but Ibhales said we had a good batch recently so I am wondering if I missed something. On his graph I see 7 or 8 winners in a row and that I dont see.
ah sorry..

Have you got the indicator which was kindly written by Dezil ?

That gives a signal and the stop...

The TP is the 5 day ATR

Close all or 50% and bring to break even then trial the rest

Or what I know some are doing is at 50% of weekly ATR taking half off bring stop to break even then taking the rest off at the 5 day ATR

I will be doing some more work on refining the entry esp when the CCI is moving towards or away from 0.00

Cheers

Paulus
This is a nice and low maintenance system.

llambert is forward testing it on a live account so his results are accurate.

Results up to end of March are posted above, we are waiting for his further performance of the method.
Regards
Quoting lbhales
Here is my latest equity curve.
Lynn,

Well done with this.

Are these actual trades placed or theoretical performance (I suspect the former as you are attaching a $ vaue to your account)?

Also, are you following the rules blindly, or are you selectively taking trades? If so, what further criteria are you applying?
Here is a spreadsheet of my trades. I try to trade according to the rules but as I have previously stated sometimes I exit a trade early and I find it personally hard to take the next trade after a batch of losing trades. I also try to stop myself from looking at the slope of the CCI or the proximity of the CII or Stochastic to the 0 or 50 line. The profit/loss is in pips and I adjust the results to match exactly the trade results in my IBFX account. Lynn
Attached File(s)
File Type: xls Paulus EOD Trade Results.xls   52 KB | 655 downloads
sorry guys, I have to get caught up and entering my numbers in the spreadsheet, etc.. was a rough week last week.
Quoting elchoco
This is the quintessential problem set-up for this strategy.

CCI heading up strongly but still negative and stoch (possibly) about to tick down.

Let's see what happens.
These false signals occur frequently in this system. It is possible to have 3 or 4 in a row simultaneously in several pairs. It would be nice, but not likely, to find a way to filter out some of them. In other words, expect extended periods of drawdown.
Quoting lbhales
Here is a spreadsheet of my trades. I try to trade according to the rules but as I have previously stated sometimes I exit a trade early and I find it personally hard to take the next trade after a batch of losing trades. I also try to stop myself from looking at the slope of the CCI or the proximity of the CII or Stochastic to the 0 or 50 line. The profit/loss is in pips and I adjust the results to match exactly the trade results in my IBFX account. Lynn
Any update Lynn?
I've continued to trade through April. April was harsh to me to say the least. I'll get my trades all put into the spreadsheet and upload asap. Regards to all, Lynn
April was a tough month for me but I mostly continued with the basic strategy and am continuing in May. I've skipped a couple of setups lately but I'm planning on trading as the setups come. Lynn
Attached Image (click to enlarge)
Click to Enlarge Name: 5-7-09 equity curve.JPG Size: 34 KB
hey Ib

Nice work its been tough,many system are having draw downs....

But the long term direction is up

Nice going

Paulus
Quoting lbhales
April was a tough month for me but I mostly continued with the basic strategy and am continuing in May. I've skipped a couple of setups lately but I'm planning on trading as the setups come. Lynn
Well this is where most give up and probably why most fail. I hope you keep it up and good luck.

Does there seem to be any visible differences in the setups of winners and losers? I think someone mentioned avoiding trades going in to areas of congestion or resistance, have you looked for any validity in this?
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