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Im sorry for the late reply, but ive got my final undergraduate exam coming up this Thursday so i havent been very active on trading this last couple of days!
Andrew!
I havent looked into those indicators (at least at the same time as you advised) but will sure do as early as this Thursday ends
I still look into it before but i really cant pay as much attention to it as i would like to yet.
Cunparis!
Ill try to import the data youve uploaded into NT to see if i can come up with something!
I'll sure let you know!
I have a few dificulties in following your inside bar breakout setup, because i found that many times, the inside bar's limits are broken both up and down... so in at least one of them you'd get stopped out if you entered the market..
BTW did you make any progress regarding the strategy youve originally written? The one with the high profit factor!
I got curious to see if the errors you made on the first try, were blessings in desguise or something else...
Ive got a new update on the system... just a tiny modification
I tryed the Two-line trading setup on a 485 minutes bar chart and 225min (dont ask how i came up with the weird numbers).
Check the picture to see the result!
I found that it gives out much more signals and only few of them are fakeouts (to which we can always protect by having trail to Break Even at smthg like 2 points! which will not affect the winning trades since most of them just take off!)
Cunparis!
Ive tried to load the historical data and i keep getting this error: "Unable to import file: C:/blablablaLOCATION. Instrument is not supported by repository."
Any idea what im doing wrong? and how can i resolve this...
Could you also explain how you filtered the fakeouts on the inside bar breakouts? i still find the outside bar breakouts more reliable... unless you find that even with this, is still more profitable!
Andrew!
I think i got what you mean by plotting those two indicator together.
I still dont get how they can be useful together on spoting divergence but i see that most of the time they are with oposite colors (on the same bar!)
Have you found it useful? how do you use it?
Hope you guys find this modification useful. I found it worked just as well as daily bars did (still entering on the outside bar breakout because i found that the inside bar breakout gave out too many fakes..)
Would love to see Cunpari's backtesting this strategy to see its profitability in the long run!
Im still monitoring this with diferent types of volume indicators, but actually nothing has been as reliable as price action...so far
OH BTW, naked trading!!!
free as a bird xDD (only trendlines, s&r lines for guidance)
Yes, i find that it works way better in certain time frames than others, i really dont know why...
But either way, if it works good in a certain time frame (maybe because it plots the outside and inside bars more obviously, for us to see the breakouts) why not trade it?
You cant spot outside-inside bar breakouts in range bar per example... so we turn to time frames because you can spot them there.... and even inside time frames i find some work better than others...
Is this bad?
Does a strategy have to be effective in every time/range/tick/volume frame to be valid?
I find that it works in every time frame:
Smaller time frames will get you a lot more setups, but at the same time, a lot more fakes...
Bigger time frames will give much less setups, but with less fakes...
Im only searching for the optimum balance between these two. High rate of setups, with few fakes..
Coming up with a robust trading strategy is very difficult. Usually once a pattern exists long enough to be discovered it will stop working. I suggest testing with a minimum of 1 and preferably 2 years and hundreds of trades. Even then, no guarantees that it'll work in the future.
In my Learning to use Volume thread, I noticed a lack of participation when I asked people to look at a chart and analyze the volume. I suspected that everyone was waiting for a volume indicator that is currently under development, one that will analyze …
BUT I have never written one that was 100% pure price action. So that is unknown territory for me.
