Dump it Here

[frugal.rock]

G'day Skate,
Your NCZ chart shows a change from red bars to blue around early March then a run of blue despite the price trending down.
I can see the flutter that starts the first blue bar, and maybe 1 or 2 more, but I would have expected red bars on and down?
It picked up a very good short trade though?!
Makes me wonder what sort of trading took place to trick the system to stay blue?
Cheers.
I am now onto Prospa Group PGL.
Show me the blue bars...!

NCZ seems to be crackin on, but I'm out.

Thanks for your efforts Skate.

F.Rock

 

[Skate]

G'day Skate,
Your NCZ chart shows a change from red bars to blue around early March then a run of blue despite the price trending down.
I can see the flutter that starts the first blue bar, and maybe 1 or 2 more, but I would have expected red bars on and down?
It picked up a very good short trade though?!
Makes me wonder what sort of trading took place to trick the system to stay blue?
Cheers.
I am now onto Prospa Group PGL.
Show me the blue bars...!

NCZ seems to be crackin on, but I'm out.

Thanks for your efforts Skate.

F.Rock

Skate.

 

[Country Lad]

There seem to be some correlation between the Blue Bar and my system. If so, NXT and possibly TNE & NAN could at the end of the run as well.

 

[Skate]

There seem to be some correlation between the Blue Bar and my system. If so, NXT and possibly TNE & NAN could at the end of the run as well.

@Country Lad, thank you for your additional comments & would you care to elaborate why NXT "could at the end of the run", is it because of the pullback ?

Tell me more
You are also implying that "TNE & NAN" could at the end of the run as well - would you care to explain further ?

Indicator or gut feeling
I'll be very interested to see how your predictions goes. "The Ducati Daily Blue Bar Strategy" sells only after the first "Red" bar which is the signal bar - even if the next bar after the signal bar is "Blue" bar.

For comparison
Would you be kind enough to explain your system (in general terms) & throw up a chart or two for comparison please. If I'm interested other would be as well.

Updated Charts













Skate.

 

[Skate]

There seem to be some correlation between the Blue Bar and my system. If so, NXT and possibly TNE & NAN could be at the end of the run as well.

In early trading
@Country Lad is spot on the money about NXT in early trading we have a "Red" signal bar, well done. If there is still a "Red" Bar at the close today it will be sold at tomorrows open.



Skate.

 

[Country Lad]

@Country Lad, thank you for your additional comments & would you care to elaborate why NXT "could at the end of the run", is it because of the pullback ?

Tell me more
You are also implying that "TNE & NAN" could at the end of the run as well - would you care to explain further ?

Indicator or gut feeling
I'll be very interested to see how your predictions goes. "The Ducati Daily Blue Bar Strategy" sells only after the first "Red" bar which is the signal bar - even if the next bar after the signal bar is "Blue" bar.

For comparison
Would you be kind enough to explain your system (in general terms) & throw up a chart or two for comparison please. If I'm interested other would be as well.
Skate.

Apologies for not responding earlier but have been involved in submissions and in this day and age zoom has become my best friend.

gut feeling
No, not a gut feeling. After the years I have been playing this game I think I have pretty well understood by now that going by “gut feelings” leads only to losing a lot of money, and that is not a habit I wish to adopt.

My System
As I have said here on a number of occasions, I am not into deep and meaningful technical trading. Tried it a few times many years ago after meeting and having discussions with tech/a who convinced me to give it a go.
In summary, it was not for me and even now I reckon that Elliot Wave theory is witchcraft using a crystal ball. Mind you, I do use P&F charting which most here would consider in the same terms, and would not contemplate using.

I have discussed the way I trade a few times without a great deal of comment, so I won’t go through that here again except to point you to 2 particular posts:

https://www.aussiestockforums.com/t...on-channel-forward-testing.26451/#post-760278
https://www.aussiestockforums.com/threads/pnv-polynovo-limited.19606/#post-1022618

A Possible Entry
The charts below explain where I may have entered the trade. In reality, I would not have done so because:
1. I do not need to trade;
2. When I do trade, it is mainly for fun and to keep my hand in or when Country Lass decides we need to do some expensive travel;
3. Been there done that in previous downturns and I do not need to the risk of this uncharted and erratic market;
4. There was not the strong buy signal I require and I am otherwise occupied away from the market at the moment anyway.

Charts
The comments on the charts should make it clear why I have the view that the uptrend could be interrupted either as a hiccup or a bit longer term.



There are similarities to the timing of an entry with the other “Duc Blue Bar” system for which you have posted charts. Mind you, the same can be said for numerous of the other companies which are following the XAO trend, as I mentioned previously.

 

[Bazzi]

The Ducati Daily Strategy

Hi @Skate, Thank you for your good work and @peter2!
Excuse my upcoming question since I am a newbie to this forum and to ASX trading; You mentioned "The Ducati Daily Strategy" and I can see it named in the charts title, is that a charting tool created by you? Is it something we can lay our virtual hands on

 

[Skate]

Hi @Skate, Thank you for your good work and @peter2!
Excuse my upcoming question since I am a newbie to this forum and to ASX trading; You mentioned "The Ducati Daily Strategy" and I can see it named in the charts title, is that a charting tool created by you? Is it something we can lay our virtual hands on

@Bazzi, welcome to the "Dump it here" thread - it's always refreshing when new members make comments or ask a question.

Amibroker
The charts are created in Amibroker. The two tone banding displaying the company name, strategy name, number of weeks in a trade & price points is coded within each strategy coding. As they say with Amibroker "all things are possible". I've coded each individual strategy to display information that is important to me (but maybe not to others). The header displayed below is 138 lines of code, evolving over time to get where it is today. Choosing the gradient grey colour & font was a pain but the biggest hurdle to overcome was to have the chart "auto resize" to whichever screen or monitor I decided to use "without adjustments" being made to the chart coding.

This header is 138 lines of code


FYI
My Amibroker "Custom folder" is located on the "One Drive" cloud server so no matter where I am or what strategy I select to use the chart display & strategy parameters stay constant between computers. I have also added an ".apx menu" to the "top main menu bar" to load my strategies into the "Analysis" window - this is so important to keep the strategy parameter 100% correlated in relation to whichever computer I select to use.

Charting tool
As I said there is no tool it's just lines of code. There is so much help & code samples everywhere on the net so really it's a mishmash of codes displaying the information that's important to me. I have multiple computers, two large external monitors, two TV's (55 & 65 inch screens) & they all display the same chart without a hiccup. Amibroker coding is so clever it can handle any technology thrown at it.

Being lazy
I also have imbedded speech & chart messaging to advise me if the wrong chart or analysis periodicity is selected for a corresponding strategy, (take it from me it's easy done swapping between strategies & backtests) I trade quite a few different strategies & without the necessary warnings I'd be lost - it's the very reason for the bells & whistles.

The Analysis window
This is a whole other story - it looks pretty, displaying all the information I need to make a trade. Trading doesn't come any easier than this - Sample attached.




Skate.

 

[Skate]

In early trading
@Country Lad is spot on the money about NXT in early trading we have a "Red" signal bar, well done. If there is still a "Red" Bar at the close today it will be sold at tomorrows open.

View attachment 102086

Skate.

NXT
As indicated by my previous post "NXT" at the close today is displaying a "Red" bar so it will be sold at the open - tomorrow.



Skate.

 

[ducati916]

So the exit is taken today, even if the new bar is blue.
How does that compare to exits (in regards to sensitivity) on your other systems?

jog on
duc

 

[ducati916]

Had a look at systems ages ago, this company had loads on offer:



It’s come to our attention that a number of our clients and other interested persons may have some questions regarding systems trading at Striker, and systems in general. While we have covered some of the following topics in the past, we feel that given the increasing interest in the systematic approach to trading futures and trading in general, it is only appropriate to revisit some of these themes.

Is system trading a valid approach to trading futures?

We feel certain that it is, and that it is reasonably safe to say that most professional traders will trade using a system of some sort in trading the futures markets. A system in this regard can be any strategy ranging from simple entry and exit criteria, money management rules, the use of stop losses to protect positions or lock in profits, to the more complex use of technical indicators and mathematical formulae. A system provides a consistent and logical approach to trading. Whether simple or complex, a trading system is usually most effective when implemented consistently. One problem frequently encountered by individual traders is the difficulty in following a system, whether their own or a professional developer’s. Sticking to a system requires discipline, and discipline is often difficult to maintain in the heat of live market action, where emotions can rule the day, and a trader may be tempted to second-guess his or her system. Striker’s clients enjoy the disciplined execution of system signals, since our professional operations team has been specifically trained to faithfully execute these strategies.

I have purchased a system which is currently being traded at Striker. What is the relationship between Striker and the system developer?

One of our goals at Striker is the unbiased evaluation of system performance. To this end, Striker has no financial ties to systems developers, nor does Striker have any in-house systems. Our financial independence allows us to be objective in evaluating systems. The leasing or purchasing of proprietary systems is a matter between the client and the developer. While we strive to work with reputable developers of robust and legitimate systems, we see our role as primarily one of service, execution, and the accurate reporting of information. To this end, we do not tamper with system signals, but faithfully strive to execute them in a timely fashion. We then report the actual trading performance at striker.com.

Help! The system I’m trading isn’t doing as well as I thought it would. What can I do?

While it is always preferable to see winning trades in one’s account, the fact remains that the futures markets, like other markets, tend to fluctuate. Futures markets can also be more volatile than equity (stock) markets. Trading futures using a systematic approach offers specific advantages (such as establishing rules of risk and money management), but does not guarantee success. Nevertheless, merely because a system is struggling at the moment does not mean that it will not offer positive returns over the long run. A number of systems traded at Striker have gone through periods of “draw downs”, but have gone on to make money for our clients. For example, the Compass S&P day trading system, which trades the S&P futures on $30,000 has returned over 235.29% since January 2000 as of April, 2007. However, the system, which can also trade the e-mini S&P on $5000, actually lost money in 2004, but went on to continue to return profits in 2005. In its trading life at Striker, it has averaged over 32% a year, as of April, 2007. In other words, patience and an accurate assessment of one’s financial situation are key factors in systems trading. However, Striker’s professional staff is happy to work with clients in terms of recommending alternatives if a system appears to be underperforming.

Why are Striker’s results different than the developer’s?

Striker reports only actual trading performance, where a number of developers report hypothetical performance. The difference is that hypothetical reports do not represent actual account activity, but rather represent a computer generated snapshot of the system’s trading signals. In the case of systems traded at Striker, these signals are generally identical to those generated in our operations center, but where a hypothetical report begins and ends in the computer, Striker takes these signals “live”, and in to the hurly burly of real market trading conditions, where they must compete with other traders’ orders. Market conditions can change very rapidly, and even with Striker’s superior execution and expertise, fill prices can vary depending on the market. The difference between an ideal price and the actual price fill is known as “slippage”, and is an inevitable component of futures trading. Nevertheless, Striker’s experienced team works hard to get the best price fills for our clients, and our results always reflect any slippage.

I’ve been looking at systems on the Internet. There are quite a variety of them. Can Striker recommend one in particular?

In the client section at http://www.striker.com, we keep actual trading performance records for systems that have traded or are trading at Striker, with commissions included. These records represent real trades for our clients’ accounts. We feel these records can be highly useful in evaluating and choosing a system. However, we are aware that there are many programs available for sale or lease on the Internet and elsewhere that have not been traded at Striker, and we recommend that you engage in careful due diligence in evaluating these systems and their developers.

For example, it is important to do your homework in looking at the developer’s background. What is their trading and business history? Are they registered with a regulatory body such as the NFA? Do they have a good business record? Have they had complaints registered against them with the Better Business Bureau, or other consumer protection agencies? These are all questions to consider when investigating a system developer.

There are a number of important questions to ask when evaluating a given program’s trading record. Are the trades shown actual, or hypothetical? If they are hypothetical, what methodology was used in implementing the hypothetical model? Has the model attempted to accurately reflect a real trading environment, with slippage and commissions factored in?

Finally, if you are looking for a specific recommendation when looking at systems traded at Striker, don’t hesitate to contact system specialist Dan Neenan.

I see some of the systems traded at Striker are struggling. Do systems ever completely fail?

The systems you see at Striker are not “ours”; we do not sell systems. These are third-party trading programs for which we are doing the execution. In many cases, they are systems that clients have purchased on their own, and have decided that they prefer to have Striker execute the trading for them. We only show trading performance for systems actively traded at Striker. Should a system show little or no promise at all over a period of time, our clients are likely to stop trading it, and the performance record for the system would end. So to answer the second qustion, systems do on occasion chronically underperform. Futures trading is inherently risky, and while systems in general are developed in order to manage risk and improve a trader’s chances of obtaining a successful outcome, traders should nevertheless trade using only risk capital.

My system is losing money. What should I do?

At Striker, our priority is your comfort in trading. While we don’t advise that clients abandon a system merely because a series of losing trades, we are here to take your direction in trading your account. If you feel uncomfortable with the direction of your current trading approach, we recommend that you stop trading, take a deep breath, and look at your options in terms of exploring an alternative or more conservative strategy.


jog on
duc

 

[Skate]

So the exit is taken today, even if the new bar is blue. How does that compare to exits (in regards to sensitivity) on your other systems?

@ducati916, your "The Ducati Daily Blue Bar Strategy" was coded from your post & it was clear for me to understand. The first "blue bar" is the signal bar (the white arrow) & we buy on the "next daily blue bar" at the open (the white square). The position is held till the first "red bar" & sell that position on the open on the next "red bar". It's a simple strategy I have to admit.

Explanation of the bar colours
I've used @peter2 idea of colour coding the trend with "Blue Bars" so it's simple to follow along by looking at the charts. The "Blue" bars meets Duc's two conditions & the "Red" bars are when Duc's conditions "are not met" - the strategy is easy to follow as there are only two rules.

2 Rules
1. Buy on the next bar after the signal bar - the 1st "Blue" bar &
2. Sell on the next bar after the signal bar - the 1st "Red"

Questions
1. "So the exit is taken today, even if the new bar is blue ?"
Correct, by selling in the pre-auction we don't know what the colour of the next bar will be. If the strategy gets it wrong we can re-enter the position on the next "Blue" bar.

2. "How does that compare to exits (in regards to sensitivity) on your other systems?"
To be honest there is no fancy exit strategy other than to exit on the first bar after the "Red" signal bar. The "Red" bar just means the "entry condition is no longer being met". There is no comparison to any of my trading systems when it comes to exiting a position. All my trading systems will hang onto a trend as long as possible giving the position some wriggle room along the way whereas "The Ducati Daily Blue Bar Strategy" is clear cut - it either a "Blue" or "Red" bar.

Bar colour
1. A "Blue" bar means = BUY whereas
2. A "Red" bar means = SELL

Duc's two key words.
"Volatility & Volume" are the two inputs that I get to use that are the real drivers of a trend. Duc, you suggested using only two indicators to guide when it's optimal to buy & sell. I took your words to mean that we enter a trend on volatility & volume - getting off when the trend turns.

One position down - seven positions to go
NXT was sold on the open today, charts & explanations to follow in the next post showing the execution of the sale & the trading result of NXT.

Skate.

 

[Skate]

NXT was sold on the open today, charts & explanations to follow in the next post showing the execution of the sale & the trading result of NXT.

NXT has been sold - Trading Result
Share Trade Tracker "Portfolio Manager" displaying the trading results for NXT.






The chart
The chart displays two winning trades & one losing trade since January 2020. The chart also shows "the exit" can sometimes be quick & brutal. The exit "Red" bar means the entry condition is no longer met.







NXT - rebounded after the open today



Next
I'll post the backtest results for "The Ducati Daily Blue Bar Strategy" (2019 calendar year)

FYI
It's worth remembering that this strategy has not been developed - it simply buys when Duc's two conditions are met & it sells those positions when the entry condition is no longer met. Buy "Blue" bars & Sells "Red" bars.

Skate.

 

[Skate]

"The Ducati Daily Blue Bar Strategy"
Backtest results for the 2019 calendar year (this strategy has not been developed )



The strategy isn't too shabby
The low system drawdown is very pleasing.

Skate.

 

[ducati916]

"The Ducati Daily Blue Bar Strategy"
Backtest results for the 2019 calendar year (this strategy has not been developed )

View attachment 102118

The strategy isn't too shabby
The low system drawdown is very pleasing.

Skate.

Mr Skate, very nice.

Now this will actually be a nice addition to your weekly systems as this is a day trading (not intra-day) system. Due to your position size, brokerage is not an issue. This might be an issue for small accounts, as the number of trades taken will almost certainly be higher.

I'll be watching with great interest.

jog on
duc

 

[Skate]

Had a look at systems ages ago, this company had loads on offer:

View attachment 102113

It’s come to our attention that a number of our clients and other interested persons may have some questions regarding systems trading at Striker, and systems in general. While we have covered some of the following topics in the past, we feel that given the increasing interest in the systematic approach to trading futures and trading in general, it is only appropriate to revisit some of these themes.

Is system trading a valid approach to trading futures?

We feel certain that it is, and that it is reasonably safe to say that most professional traders will trade using a system of some sort in trading the futures markets. A system in this regard can be any strategy ranging from simple entry and exit criteria, money management rules, the use of stop losses to protect positions or lock in profits, to the more complex use of technical indicators and mathematical formulae. A system provides a consistent and logical approach to trading. Whether simple or complex, a trading system is usually most effective when implemented consistently. One problem frequently encountered by individual traders is the difficulty in following a system, whether their own or a professional developer’s. Sticking to a system requires discipline, and discipline is often difficult to maintain in the heat of live market action, where emotions can rule the day, and a trader may be tempted to second-guess his or her system. Striker’s clients enjoy the disciplined execution of system signals, since our professional operations team has been specifically trained to faithfully execute these strategies.

I have purchased a system which is currently being traded at Striker. What is the relationship between Striker and the system developer?

One of our goals at Striker is the unbiased evaluation of system performance. To this end, Striker has no financial ties to systems developers, nor does Striker have any in-house systems. Our financial independence allows us to be objective in evaluating systems. The leasing or purchasing of proprietary systems is a matter between the client and the developer. While we strive to work with reputable developers of robust and legitimate systems, we see our role as primarily one of service, execution, and the accurate reporting of information. To this end, we do not tamper with system signals, but faithfully strive to execute them in a timely fashion. We then report the actual trading performance at striker.com.

Help! The system I’m trading isn’t doing as well as I thought it would. What can I do?

While it is always preferable to see winning trades in one’s account, the fact remains that the futures markets, like other markets, tend to fluctuate. Futures markets can also be more volatile than equity (stock) markets. Trading futures using a systematic approach offers specific advantages (such as establishing rules of risk and money management), but does not guarantee success. Nevertheless, merely because a system is struggling at the moment does not mean that it will not offer positive returns over the long run. A number of systems traded at Striker have gone through periods of “draw downs”, but have gone on to make money for our clients. For example, the Compass S&P day trading system, which trades the S&P futures on $30,000 has returned over 235.29% since January 2000 as of April, 2007. However, the system, which can also trade the e-mini S&P on $5000, actually lost money in 2004, but went on to continue to return profits in 2005. In its trading life at Striker, it has averaged over 32% a year, as of April, 2007. In other words, patience and an accurate assessment of one’s financial situation are key factors in systems trading. However, Striker’s professional staff is happy to work with clients in terms of recommending alternatives if a system appears to be underperforming.

Why are Striker’s results different than the developer’s?

Striker reports only actual trading performance, where a number of developers report hypothetical performance. The difference is that hypothetical reports do not represent actual account activity, but rather represent a computer generated snapshot of the system’s trading signals. In the case of systems traded at Striker, these signals are generally identical to those generated in our operations center, but where a hypothetical report begins and ends in the computer, Striker takes these signals “live”, and in to the hurly burly of real market trading conditions, where they must compete with other traders’ orders. Market conditions can change very rapidly, and even with Striker’s superior execution and expertise, fill prices can vary depending on the market. The difference between an ideal price and the actual price fill is known as “slippage”, and is an inevitable component of futures trading. Nevertheless, Striker’s experienced team works hard to get the best price fills for our clients, and our results always reflect any slippage.

I’ve been looking at systems on the Internet. There are quite a variety of them. Can Striker recommend one in particular?

In the client section at http://www.striker.com, we keep actual trading performance records for systems that have traded or are trading at Striker, with commissions included. These records represent real trades for our clients’ accounts. We feel these records can be highly useful in evaluating and choosing a system. However, we are aware that there are many programs available for sale or lease on the Internet and elsewhere that have not been traded at Striker, and we recommend that you engage in careful due diligence in evaluating these systems and their developers.

For example, it is important to do your homework in looking at the developer’s background. What is their trading and business history? Are they registered with a regulatory body such as the NFA? Do they have a good business record? Have they had complaints registered against them with the Better Business Bureau, or other consumer protection agencies? These are all questions to consider when investigating a system developer.

There are a number of important questions to ask when evaluating a given program’s trading record. Are the trades shown actual, or hypothetical? If they are hypothetical, what methodology was used in implementing the hypothetical model? Has the model attempted to accurately reflect a real trading environment, with slippage and commissions factored in?

Finally, if you are looking for a specific recommendation when looking at systems traded at Striker, don’t hesitate to contact system specialist Dan Neenan.

I see some of the systems traded at Striker are struggling. Do systems ever completely fail?

The systems you see at Striker are not “ours”; we do not sell systems. These are third-party trading programs for which we are doing the execution. In many cases, they are systems that clients have purchased on their own, and have decided that they prefer to have Striker execute the trading for them. We only show trading performance for systems actively traded at Striker. Should a system show little or no promise at all over a period of time, our clients are likely to stop trading it, and the performance record for the system would end. So to answer the second qustion, systems do on occasion chronically underperform. Futures trading is inherently risky, and while systems in general are developed in order to manage risk and improve a trader’s chances of obtaining a successful outcome, traders should nevertheless trade using only risk capital.

My system is losing money. What should I do?

At Striker, our priority is your comfort in trading. While we don’t advise that clients abandon a system merely because a series of losing trades, we are here to take your direction in trading your account. If you feel uncomfortable with the direction of your current trading approach, we recommend that you stop trading, take a deep breath, and look at your options in terms of exploring an alternative or more conservative strategy.


jog on
duc

Condensed takeaway
A few paragraphs sums up system trading in a nutshell that's well worth remembering when the going gets tough.

"A trading system is usually most effective when "implemented consistently". One problem frequently encountered by individual traders is the "difficulty" in following a system. Sticking to a system requires discipline, and discipline is often difficult to maintain in the heat of live market action, where "emotions" can rule the day, and a trader may be tempted to second-guess his or her system".

Skate.

 

[Newt]

@ducati916, your "The Ducati Daily Blue Bar Strategy" was coded from your post & it was clear for me to understand. The first "blue bar" is the signal bar (the white arrow) & we buy on the "next daily blue bar" at the open (the white square). The position is held till the first "red bar" & sell that position on the open on the next "red bar". It's a simple strategy I have to admit.

Explanation of the bar colours
I've used @peter2 idea of colour coding the trend with "Blue Bars" so it's simple to follow along by looking at the charts. The "Blue" bars meets Duc's two conditions & the "Red" bars are when Duc's conditions "are not met" - the strategy is easy to follow as there are only two rules.

2 Rules
1. Buy on the next bar after the signal bar - the 1st "Blue" bar &
2. Sell on the next bar after the signal bar - the 1st "Red"

Questions
1. "So the exit is taken today, even if the new bar is blue ?"
Correct, by selling in the pre-auction we don't know what the colour of the next bar will be. If the strategy gets it wrong we can re-enter the position on the next "Blue" bar.

2. "How does that compare to exits (in regards to sensitivity) on your other systems?"
To be honest there is no fancy exit strategy other than to exit on the first bar after the "Red" signal bar. The "Red" bar just means the "entry condition is no longer being met". There is no comparison to any of my trading systems when it comes to exiting a position. All my trading systems will hang onto a trend as long as possible giving the position some wriggle room along the way whereas "The Ducati Daily Blue Bar Strategy" is clear cut - it either a "Blue" or "Red" bar.

Bar colour
1. A "Blue" bar means = BUY whereas
2. A "Red" bar means = SELL

Duc's two key words.
"Volatility & Volume" are the two inputs that I get to use that are the real drivers of a trend. Duc, you suggested using only two indicators to guide when it's optimal to buy & sell. I took your words to mean that we enter a trend on volatility & volume - getting off when the trend turns.

One position down - seven positions to go
NXT was sold on the open today, charts & explanations to follow in the next post showing the execution of the sale & the trading result of NXT.

Skate.

It would be good to know what volume and volatility conditios you're using Skate?
Even a general description. I thought you might have been using Supertrend or something ala Peter 2 but see now you've created custom "Duc" criteria.

 

[Skate]

It would be good to know what volume and volatility conditios you're using Skate?
Even a general description. I thought you might have been using Supertrend or something ala Peter 2 but see now you've created custom "Duc" criteria.

1st off
"The Ducati Blue Bar Strategy" bears no resemblance to any strategy that I have previously posted & in no way mimics or uses any part of the "SuperTrend Strategy" or infact any of the ideas @peter2 has posted about. The idea has been coded from Duc's previous post. The two indicators are indicator I've never used before so the strategy is even completely new to me as well. Any resemblance to any other strategy would be coincidental.

Volatility & Volume
Newt, the Duc described using two indicators to measure "Volatility & Volume" the real drivers of a trend - meaning we enter a trend on volatility & volume - getting off when the trend turns. There are so many indicators that measure both of these, the trick was getting two indicators to work in unison. Once I got the parameters nutted down it was as simple exercise in comparing today's results to the previous day. The downside is that we can jump in & out of positions quickly giving the positions no latitude for the daily price fluctuations of the markets.

The two indicators
It would be unfair for me to mention the two "off the shelf indicators" because even having the same indicators the parameter setting can make or break the profitability or performance of the strategy. If others are interested they will do their own research to find indicators that will work for them.

Indicators
Getting into a trend is not that difficult using an indicator, using two is sometimes better & that's what I believe Duc's message was. Getting out of a trend & timing the exit is a little more complex but as the Duc didn't elaborate on an exit strategy I just used the reverse of his entry condition.

Mental toughness
I've used this analogy before referring to Peter Brock who won the "Bathurst 1,000" nine times. Imagine, giving a good strategy to someone else would be the equivalent of giving Peter Brock's winning car to the same person. Does anyone honestly believe they would be able to win Bathurst even once ? It’s not the vehicle, it's not the strategy it's the 'mental toughness' that is the real decider if you'll be a winner or not.

Repeat it - till it sinks in
It's the very reason why we need this to sink in: "A trading system is usually most effective when "implemented consistently". One problem frequently encountered by individual traders is the "difficulty" in following a system. Sticking to a system requires discipline, and discipline is often difficult to maintain in the heat of live market action, where "emotions" can rule the day, and a trader may be tempted to second-guess his or her system".

Skate.

 

[Skate]

Start Date: 18th March 2020
Portfolio Capital: $120,000
Positions in the Portfolio: 8
Fixed Position Sizing: $15,000


1. TNE @ $7.00 for 2142 shares on the 18th March 2020
2. PPH @ $2.99 for 5016 shares on the 23rd March 2020
3. BTH @ $0.47 for 31914 shares on the 25th March 2020
4. NXT @ $7.94 for 1889 shares on the 25th March 2020 - # SOLD 9th April 2020 @ $8.46
5. PNV @ $1.53 for 9803 shares on the 25th March 2020
6. NAN @ $5.45 for 2752 shares on the 27th March 2020
7. SLC @ $0.54 for 27777 shares on the 27th March 2020
8. NCZ @ $0.076 for 197368 shares on the 27th March 2020























Skate.

 

[frugal.rock]

Thanks Skate.
Happy Easter.

Hope you have a coin or 2 on NCZ and PGL.
PGL closed 42% up... had thought you may have added to the trades as you did the chart for it ?
It would look good amongst the laggards! Not as good as NCZ though.

F.Rock