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VTTrader: Request Indicator or Trading System for VT Trader

  • #1
  • First Post: Jun 12, 2006 3:28pm Jun 12, 2006 3:28pm
If you have an idea for a Strategy, post your request here.
I make no promises but will see what can be done to constuct it.
  • #2
  • Jun 12, 2006 8:10pm Jun 12, 2006 8:10pm
Ok Santa, what I want is a brand new indicator called HG.vtscr* and i wanna bike and I want the indicator to just make me ooodles and oodles of cash every day and so I don' have to work or nuffin or watch those pesky charts. and I wanna PS2 and I want the HG to make it so I don't even have to call my broker to get my money, I just want it to come right out of my old floppy drive slot; and I wanna new TV and ...........


*(Holy Grail)
Nolite dormiens pungere ursum. -- Latan Proverb.
  • #3
  • Jun 18, 2006 1:01pm Jun 18, 2006 1:01pm
hi all

i am using vttarder platform and my daytarding system is fx10.
can any body help me and make a automated system based on the strategy.
here is explanation
thanks
kamyar
Attached File(s)
File Type: pdf FX10.pdf   81 KB | 2,211 downloads
  • #4
  • Jun 19, 2006 10:55am Jun 19, 2006 10:55am
Ok folks,

I cleaned up this thread as it had, obviously, moved off topic.
It was offending some members and I {as I'm sure you} can understand why.

Actually I had intended to do this before but got sidetracked by visitors this weekend.

Let me please apologize to anyone offended and take the responsibilty for it as I should have deleted them before.

Now, Lets get back on topic.
  • #5
  • Jun 19, 2006 11:02am Jun 19, 2006 11:02am
Quoting kamyar
hi all

i am using vttarder platform and my daytarding system is fx10.
can any body help me and make a automated system based on the strategy.
here is explanation
thanks
kamyar
Hi Kamyar,

I used the VT TS Template that Chris devised to apply the creteria you specified.

Test on Demo Only to ensure it is what you want to Trade.

The entries are based on the WMA crossing the SMA with all the other critera already being correct.
If this is not as you understand it should be, let me know.
Attached Image
Attached File(s)
File Type: vttrs KFx10.vttrs   4 KB | 1,491 downloads
  • #6
  • Jun 19, 2006 5:02pm Jun 19, 2006 5:02pm
Quoting Bemac
Hi Kamyar,

I used the VT TS Template that Chris devised to apply the creteria you specified.

Test on Demo Only to ensure it is what you want to Trade.

The entries are based on the WMA crossing the SMA with all the other critera already being correct.
If this is not as you understand it should be, let me know.
hi Bemac
grate help.thanks a million.i just downloaded it and i'm testing.if it has any probelm i'll tell u.again thanks for your help.
best regards
kamyar
  • #7
  • Jun 19, 2006 5:37pm Jun 19, 2006 5:37pm
Quoting kamyar
hi Bemac
grate help.thanks a million.i just downloaded it and i'm testing.if it has any probelm i'll tell u.again thanks for your help.
best regards
kamyar
You're welcome.

I hope it works for you.
  • #8
  • Jun 19, 2006 6:15pm Jun 19, 2006 6:15pm
I am hoping that a programmer will take a intrest in some of Boris Schlossberg new book- Technical Analysis of the Currency Market. He uses a setup he calls "bollinger bands bands", it is simply a 2 standard dev band with a 1 standard dev band. A setup that works very good in a trending market is buying on breakout of 1 std dev band and staying with trend until close back below the 1 stddev band(i will attatch image). It reminds me of a Pac-Man gobbling up profits.
I currently use it also as a stoploss on a breakout. It works good as a trailing volatility stoploss.
See image- I can explain further if needed- TY MRippy
Attached Image
  • #9
  • Jun 19, 2006 6:21pm Jun 19, 2006 6:21pm
Hi MRippy,

So no matter what timeframe you attach it to, it is always a 1 & 2 StdDev set of BBands?

Also, can you define "Trend Below 1 Std Dev Band"
  • #10
  • Jun 19, 2006 6:35pm Jun 19, 2006 6:35pm
It works in any timeframe and it is always 1 stddev and 2 stddev.- (he suggests 1hr up to daily).

On a buy breakout- to close trade- You are waiting for a close back below the "upper" 1 dev band. It is basically a trend-following method that rides the trend while it is above the "upper" 1 dev band, it seems to make a breakout channel in between the upper or lower 1 and 2 bands - If you overlay the 2 bands- as you scan through time- you will notice that on trending markets the price will ride above the upper 1 band while trending etc.. When the trend starts to stall- also good time to exit- it will fall back below the 1 dev band so you are waiting for a close to signal stop.
  • #11
  • Jun 19, 2006 6:38pm Jun 19, 2006 6:38pm
I do not think it matters if it is a combination of 1.2 to 2.2 or .8 to 1.8 bands. He did not mention that he did any backtesting. It is basically a volatility breakout method?
  • #12
  • Jun 19, 2006 6:38pm Jun 19, 2006 6:38pm
I am hoping that a programmer will take a intrest in some of Boris Schlossberg new book- Technical Analysis of the Currency Market. He uses a setup he calls "bollinger bands bands", it is simply a 2 standard dev band with a 1 standard dev band. A setup that works very good in a trending market is buying on breakout of 1 std dev band and staying with trend until close back below the 1 stddev band(i will attatch image). It reminds me of a Pac-Man gobbling up profits.
I currently use it also as a stoploss on a breakout. It works good as a trailing volatility stoploss.
See image- I can explain further if needed- TY MRippy

Per your offer, MRippy, I would very much like more info. Thanks.
"Loss and failure are inevitable but misery is optional"
  • #13
  • Jun 19, 2006 6:38pm Jun 19, 2006 6:38pm
Quoting PipRippy
It works in any timeframe and it is always 1 stddev and 2 stddev.- (he suggests 1hr up to daily).

On a buy breakout- to close trade- You are waiting for a close back below the "upper" 1 dev band. It is basically a trend-following method that rides the trend while it is above the "upper" 1 dev band, it seems to make a breakout channel in between the upper or lower 1 and 2 bands - If you overlay the 2 bands- as you scan through time- you will notice that on trending markets the price will ride above the upper 1 band while trending etc.. When the trend starts to stall- also good time to exit- it will fall back below the 1 dev band so you are waiting for a close to signal stop.
Don't let me stop anyone else from taking on this project, please. I really don't want to be considered as "The Coder" but I will have a look at this over the next day or so.
  • #14
  • Jun 19, 2006 6:45pm Jun 19, 2006 6:45pm
From trading this setup- I have noticed that you can get alot of false breakouts- so some type of trading filter might be in use.
Anytime I am in a good trending trade I put on the bands for a stoploss. I used to use a Average True range trailing stoploss, say 1.5 multi or whatever, but I have found that using this as a exit works better.
  • #15
  • Jun 19, 2006 6:56pm Jun 19, 2006 6:56pm
I am not a programmer- I am guessing that a interaction of 1 dev band and 2 dev has never been programmed for VTTRADER. If somebody could program the exit( close below 1 dev band) the trailing stop could be implemented.
After that:
You could also make a complete system by having the system go short after a long breakout(close back below 1 dev band) with a target of the bottom 1 dev band.
In Schlossberg book he uses several different setups with the B Bands based on the old trending market vs. range market etc..
  • #16
  • Jun 19, 2006 7:17pm Jun 19, 2006 7:17pm
Here is a image of a proposed long Euro trade. Buy after the close above 1 dev band and stay with trade until close below 1 dev band.

After that close you could target the lower 1 dev band- using the upper 1 dev band as a stoploss.
Attached Image
  • #17
  • Jun 19, 2006 11:34pm Jun 19, 2006 11:34pm
After actually taking sometime and looking over this website I stumbled accross Boris Schlossberg himself- as the editor. I am sure if you have any questions about his setups, just send him a message!

By the way, Boris Schlossberg, if you read this thread- I loved your new book. I have been making a killing with your Bollinger Band Bands. After reading your book I finally started to show a profit. I even gave your book a 5 star review at amazon.com under name Rippy.

I have centered my trading strategy around the bollinger band bands setup- so please let me know if I am breaking any copyright law by using any of it etc..

Kindest Regards,

Matthew Rippy
  • #18
  • Jun 19, 2006 11:40pm Jun 19, 2006 11:40pm
Quoting PipRippy
After actually taking sometime and looking over this website I stumbled accross Boris Schlossberg himself- as the editor. I am sure if you have any questions about his setups, just send him a message!

By the way, Boris Schlossberg, if you read this thread- I loved your new book. I have been making a killing with your Bollinger Band Bands. After reading your book I finally started to show a profit. I even gave your book a 5 star review at amazon.com under name Rippy.

I have centered my trading strategy around the bollinger band bands setup- so please let me know if I am breaking any copyright law by using any of it etc..

Kindest Regards,

Matthew Rippy
Hi Rip,
can you post the URL? I'd like to read it.
  • #19
  • Jun 20, 2006 2:14pm Jun 20, 2006 2:14pm
ISBN-13:978-0-471-74593-8 (cloth)

ISBN-10:0-471-74593-6 (cloth)

There is two ISBN numbers- I guess there is two book covers or something.

The full title is:

Technical Analysis of the Currency Market

subtitle: Classic Techniques for Profiting from Market Swings and Trader Sentiment

Boris Schlossberg
Senior Currency Strategist, FXCM


Like all the books in the "Wiley Trading"- it is a higher priced book at $60.00, but some of the Wiley books run at 100 bucks. I ordered it off of Amazon for $35.00. I would not buy it at BarnesNoble!
It is by far the best TA book on the spot market.

Hope that helps- Rip
  • #20
  • Edited 2:38pm Jun 22, 2006 2:27pm | Edited 2:38pm
Hi Pip,

I'm glad to see you are analyzing the Fantail Indicator. Please keep us updated on your findings.

I'm going to move a couple of these posts to the Indicator Discussion thread where I hope you will continue to post.

Trying to find the time to get to that 2 & 1 Std Dev BB system you requested to get it working as you want.
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