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Algorithm Trading Concept (ATC)

  • #21
  • Edited 4:59am Aug 10, 2011 4:44am | Edited 4:59am
Quoting Paulus
what is the designated point by definition ?

P
Right now I am using the high and low point at the close of these times on the close of the hour.

7 PM CST
11 PM CST
3 AM CST
7 AM CST
11 AM CST
3 PM CST

This would be considered 1 day on the spread sheet and coincide with my brokers GMT time which I also have charted on the spreadsheet. Then I simply play break outs of these high and low points with a few addition things for re-entry if a stop out or back and forth entries like yesterday which worked out really good actually.

Than I enter 1 pip above or below, and do my best to figure spread and start colloecting data to see how to optimize the TP targets for maximum profit.

So, at 8PM CST I use the highs and lows of the 7PM CST hour of trading to play my breakouts.

Currently the 7PM CST points would be good until the close of the 11PM points, so four hours of trading known break out points.
"Keep your eyes on the helpers" - Mr. Rogers
  • #22
  • Aug 10, 2011 7:34am Aug 10, 2011 7:34am
Here is the totals that so far include nothing of the 7 AM bar which I will work on getting caught up with now as I make some trades.

Looks like all good stuff with optimizing on the horizon.

So far through the close of 0800 4HR bar it seems we are up another 426 pips for the day.

This is the unofficial whole day for Wednesday the 10th.
"Keep your eyes on the helpers" - Mr. Rogers
  • #23
  • Aug 11, 2011 8:26am Aug 11, 2011 8:26am
Quoting damonl
Here is the totals that so far include nothing of the 7 AM bar which I will work on getting caught up with now as I make some trades.

Looks like all good stuff with optimizing on the horizon.

So far through the close of 0800 4HR bar it seems we are up another 426 pips for the day.

This is the unofficial whole day for Wednesday the 10th.
That does seem exceptional..an Ea could easily be coded and would save you dozens of hours in looking back and looking at potential pitfalls

I would seriously consider it

P
  • #24
  • Aug 18, 2011 12:42pm Aug 18, 2011 12:42pm
DamonL,

I have a few questions:

1. I read through your entire IB thread and couldn't figure out why it was in the commercial thread, as I didn't see anybody selling anything. Are you selling something?

2. It seems you have done away with your end of day trading only and are now doing something more like 3-4 hour trading? It seemed that your IB system was so profitable, making "thousands of pips", but now you've replaced it?

3. Finally, are there any rules to this system here? I got the philosophy on the first page, but no methodology.
  • #25
  • Edited Sep 1, 2011 2:27am Aug 31, 2011 12:16pm | Edited Sep 1, 2011 2:27am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
hi damonl

thank you for sharing your method and good luck with yours treatments.
Hope you'll be fine soon.
I'm not a programmer but I can code (need time).
I think I've caught your strategy but if you can be more specific it will be better for all of us.
Could you explain your data sheet?

thanks a lot
--- nothing to say ---
  • #26
  • Sep 13, 2011 5:47am Sep 13, 2011 5:47am
Hi damonl,

No meaning of competing against, if there is already, other coders/programmers, but I am confident to deliver the coding part in a reasonably good turn around time.

Please feel free to let me know I could start the contribution.

Have a good day.
  • #27
  • Oct 5, 2011 12:26pm Oct 5, 2011 12:26pm
Hi Gang, Trying to put this together. Please correct me where needed.

1. Trade 10+ pairs of your choosing.
2. Trade the break out points of hourly bars (+1/-1) listed in post #21.
3. set buy/sell stop orders at those BO levels, with 20 pip limit - "20TP",
and an SL of 15 P.
4. If Stopped out re-enter at same point till next listed hourly bar and
repeat using those new points to set B/S stops.

I just ran that model on 7 11:00CST bars and 5 reached 20TP as of 1:00pm CST. So looks good. Done several times a day certainly would reap those 400-500 P. But confused when Damon refers to going for 'maximum profit' when max is 20tp. ???

chime please,
PP
  • #28
  • Oct 6, 2011 7:37am Oct 6, 2011 7:37am
Hi PP. I am also working on understanding the rules.

I think the goal was to come up with a better SL and TP for each pair. As you point out, it seems to work as is.
  • #29
  • Oct 6, 2011 8:21am Oct 6, 2011 8:21am
On an hourly chart of any pair, mark the candles that begin at 7 PM CST, 11 PM CST, 3 AM CST, 7 AM CST, 11 AM CST and 3 PM CST with a vertical line. The high and low of each of these candles plus or minus one pip will act as breakout entry points for the next four hours until the next set of breakout points forms.

Stop Loss: 15 pips plus spread. At +10, move the stop closer by five points to 10. At +18, move the stop to BE +1.

Target: 20 pips.

Reentry: If stopped out, reenter in the same direction as the original trade as price crosses the original entry point again. There are some other rules for reentry but we do not have those yet.
  • #30
  • Oct 6, 2011 9:07am Oct 6, 2011 9:07am
Thanks for further clarification DR.
P
  • #31
  • Oct 6, 2011 4:50pm Oct 6, 2011 4:50pm
It is a good thing guys, Unfirtunately I do not have the strength or time right now to keep working on this at the moment.

D
"Keep your eyes on the helpers" - Mr. Rogers
  • #32
  • Oct 7, 2011 6:07am Oct 7, 2011 6:07am
Quoting piposterous
Thanks for further clarification DR.
P
Well, I hope I got it right. I noticed that Damon did not correct it.

Dick
  • #33
  • Oct 7, 2011 6:09am Oct 7, 2011 6:09am
Quoting damonl
It is a good thing guys, Unfirtunately I do not have the strength or time right now to keep working on this at the moment.

D
Thank you Damon for sharing this. I pray that all goes well with you.

Dick
  • #34
  • Oct 17, 2011 7:39am Oct 17, 2011 7:39am
Damon, I hope things are going well with you.

Your four hour bars appear to be based on GFT charts. Do you think it matters when the bars start? Is there something special about starting at 7 pm CST? - Richard
  • #35
  • Nov 13, 2011 3:50pm Nov 13, 2011 3:50pm
Interesting stuff Damon.

I hope to see more. I've read your other thread and find you to be a trader who has a good sense of the market.

I wish you the best of fortune with your treatments. From the little i gather of your personality and disposition via these forums, i would say you are an inspiration to others.

I've offered you my vouch in respect.

Best Regards.
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #36
  • Last Post: Dec 30, 2011 7:19pm Dec 30, 2011 7:19pm
Thanks. I appreciate that. Hope to see you around. Damon

Quoting effilang
Interesting stuff Damon.

I hope to see more. I've read your other thread and find you to be a trader who has a good sense of the market.

I wish you the best of fortune with your treatments. From the little i gather of your personality and disposition via these forums, i would say you are an inspiration to others.

I've offered you my vouch in respect.

Best Regards.
"Keep your eyes on the helpers" - Mr. Rogers
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