Dump it Here

[Skate]

Banging your head against a brick wall
It has been suggested that I stop responding to @Richard Dale. However, I believe Richard’s combative nature stems from the opinion he has formed of me, and he seems to take every opportunity to criticise me.

That said, Richard has raised some important points that others might also be wondering about. By responding to him, I can provide more details and clarity about what I’m posting.

Skate.

 

[farmerge]

Banging your head against a brick wall
It has been suggested that I stop responding to @Richard Dale. However, I believe Richard’s combative nature stems from the opinion he has formed of me, and he seems to take every opportunity to criticise me.

That said, Richard has raised some important points that others might also be wondering about. By responding to him, I can provide more details and clarity about what I’m posting.

Skate.

Hmmmmmmmmmmmmmmmmmm

 

[Skate]

Hmmmmmmmmmmmmmmmmmm

@farmerge, @Richard Dale motivation seems to be to criticise me at every opportunity, which is his right as a forum member. I believe the underlying reason for his combative remarks stems from be the use of the term “FIGJAM.” While I could have responded with “DILLIGAF” (Do I Look Like I Give a F*ck?), that’s not in my nature to be rude to others.

I’m sharing information that interests me and posting my research to see if others share my interests as well.

Skate.

 

[Skate]

Naturally, some of my ideas will resonate with some and not others
When someone doesn’t listen, they forgo the right to learn. Bouncing ideas around is the essence of the “Dump it here” thread.

Some criticise without contributing anything constructive
All I ask is this, “Don’t be that person.”

Skate.

 

[Skate]

I believe the underlying reason for @Richard Dale combative remarks stems from the term directed towards me “FIGJAM.” While I could have responded with “DILLIGAF” (Do I Look Like I Give a F*ck?), that’s not in my nature to be rude to others.

Skate.

 

[farmerge]

@farmerge, @Richard Dale motivation seems to be to criticise me at every opportunity, which is his right as a forum member. I believe the underlying reason for his combative remarks stems from be the use of the term “FIGJAM.” While I could have responded with “DILLIGAF” (Do I Look Like I Give a F*ck?), that’s not in my nature to be rude to others.

I’m sharing information that interests me and posting my research to see if others share my interests as well.

Skate.

Professor keep on doing what you do, it is appreciated by many, just look at your reactions. Best to ignore the Johnny Come Lately, I feel.

 

[farmerge]

Skate.

Kev is a favourite as he appeals to my warped sense of humour

 

[DrBourse]

Hi @Skate

M8 here is something for you to ponder…..
I notice that you employ “Smoothing” in a lot of your Signal Based Trading Processes…..

Smoothing is one of the biggest “No No’s” in the World of TA….

Maybe eliminating the Smoothing aspect from your efforts would produce more accurate results….

Let me explain, personally I have never used Smoothing of any sort on any Chart or Chart Indicator….
A study of Page Nr 48 from my Manual (you have a copy), explains how smoothing works…..
View attachment 180758

Basically, I feel that by using Smoothing, you are ironing out all the ‘precise and exact signals’ that any TA Indicator might produce for you….
Rather than using Smoothing, I respectively suggest experimenting with shorter or longer settings on an indicator….

DrB.

Hi @Skate

M8 here is something else for you to ponder, the following is similar to my post #11070 on page 554….
I notice that you employ “SMA’s” (Simple Moving Averages) in a lot of your Signal Based Trading Processes…..

In my Short Term Trading World, “SMA means Smoothing Moving Average, & EMA means Equal Moving Average, & WMA means the Wizard Moving Average”

I always try to use the Wizard (WMA) on Indicators and Charts…

I will only use an SMA or EMA if there is no other option because sometimes, on some indicators their parameters will not permit using the WMA….

Maybe eliminating the SMA aspect from your efforts would produce more accurate results….

A study of Page Nr 80 from my Manual (you have a copy), explains how the WMA magic works….



Basically, I feel that by using the SMA, you are ironing out all the ‘precise and exact signals’ that the WMA Indicator might produce for you….
Rather than using an SMA, I respectively suggest experimenting with shorter or longer settings of a WMA….

Dr.B

 

[Richard Dale]

@DrBourse My thoughts on testing this sort of thing a couple of decades ago.

There's no "best" method here but if you want it more responsive (e.g. due to a mean reversion strategy) then a MA with more weighting on recent data might be more useful.

For a trend-trading strategy, the less responsive strategy might be more useful.

Any moving average is notorious for lots of failed trades in a sideways trending market.

Why not try backtest these variants as against various trading systems? Or try them as a regime filter.

 

[Skate]

Skate.

 

[farmerge]

View attachment 181375

Skate.

Ah Professor, you are the man !!!!

 

[DrBourse]

@DrBourse My thoughts on testing this sort of thing a couple of decades ago.

There's no "best" method here but if you want it more responsive (e.g. due to a mean reversion strategy) then a MA with more weighting on recent data might be more useful.

For a trend-trading strategy, the less responsive strategy might be more useful.

Any moving average is notorious for lots of failed trades in a sideways trending market.

Why not try backtest these variants as against various trading systems? Or try them as a regime filter.

@Richard Dale .... & @Skate ....
Yep, I agree....
Richard, you mention "There's no "best" method here but if you want it more responsive (e.g. due to a mean reversion strategy) then a MA with more weighting on recent data might be more useful". - Thats what the WMA is for....

The Shorter the Term = a Greater emphasis on recent data points.....
That's why I suggested experimenting with shorter terms on the WMA....
Dr.B

 

[TimeISmoney]

Which one is more responsive?

Have a look at the settings.

 

[Skate]

Unlock the Secrets of the PayDay Cycle Strategy!
I just received an email from Micah Lamar offering to teach his top momentum strategy. This method shows "how to time your trades perfectly" by understanding momentum.

Recycling an Idea
Six years ago, Micah explained “The PayDay Cycle Method” and how to master the “4-day swing trade.” Now, he’s rehashing the idea with the perfect “8-day swing trade.” With this recycling, it’s hard to know what to do. With so much information and the recent market pullback, it’s the perfect time to review and prepare for the next big move. Sounds reasonable, right?

This is the Kind of Insight Every Trader Dreams Of
Micah’s “PayDay Cycle Strategy” uses the MACD (Moving Average Convergence Divergence) indicator to pinpoint the start and end of cycles, helping you find the best buy and sell points.

More Than Just MACD
Micah also incorporates moving averages to enhance the strategy’s effectiveness, a topic discussed recently by @DrBourse and @Richard Dale. It’s common knowledge that using a combination of indicators can help reduce false signals and boost profitability. He uses a two-step method to gauge daily momentum, ensuring trades are made at the most opportune times.

Why Mention This?
It’s similar to my “Signal Generator,” but today, I want to focus on explaining a “Breakout Strategy,” a favourite of mine. This style of trading has been very kind to me over the years.

Skate.

 

[Skate]

Bouncing ideas around is the essence of the “Dump it here” thread. I’m sharing information that interests me to see if others share my interests as well.

Feedback and Frustration
Recently, @Richard Dale raised some important points about the details and clarity of my posts. I truly appreciate it when others take the time to provide feedback, as it allows me to share some of my insights and approaches.

Trading Code is everywhere
Recently I had the idea to code a strategy in TradingView and give it away, but only after it had demonstrated its potential value to others. Swapping from Metastock to Amibroker was a sobering experience, and now trying to get my head around TradingView has brought similar frustrations.

Motivation
Receiving an email today has motivated me to explain more about TradingView and the journey I went through to get to a place where I can discuss a form of trading I like. It’s been a challenging but rewarding process, and I’m excited to share my experience so far.

Skate.

 

[Skate]

Striking the Balance
I often struggle to condense my thoughts to keep readers interested. It’s a fine line between explaining an idea thoroughly and sparking someone’s interest. Sometimes my posts hit the mark, but lately, they’ve missed. Writing about topics that engage others is my goal.

Navigating the Challenges of Trading Strategies in TradingView
Developing and implementing a successful trading strategy can be daunting, especially when translating ideas into functional code on platforms like TradingView. While TradingView offers a user-friendly interface and a plethora of tools, programming a trading strategy presents significant challenges, particularly for those new to coding.

Skate.

 

[Skate]

Understanding the Limitations of Something Free
One of the primary hurdles faced by traders is the limitations imposed by anything free, and the free version of TradingView is no different. Restricted access to real-time data and the inability to loop within scripts can be significant roadblocks. Looping is a fundamental programming technique that automates and streamlines trading strategies. Its absence has forced me to explore alternative approaches and workarounds, which has been time-consuming and frustrating.

Looping
My “PercentageUp” Filter and “Stale Exit” strategy rely heavily on looping (bar to bar) to gain meaningful data that can be manipulated to achieve a reasonable outcome. I’ve spent countless days and nights figuring this stuff out. The looping mechanism plays a pivotal role in managing these conditions, and updating the information as needed has been a struggle to achieve.

Skate.

 

[Skate]

Translating Ideas into Code
Transforming trading ideas into functional code can be daunting. Bridging the gap between conceptual thinking and the precise syntax required by TradingView’s Pine Script language has been a significant challenge for me. Even seasoned traders with a deep understanding of their strategies may struggle to accurately translate their thought processes into TradingView code. This has led to a frustrating cycle of trial and error - "well, it has for me" - where logic seems clear in theory but becomes convoluted in practice.

Skate.

 

[Skate]

Customisation and Flexibility
While TradingView offers a range of pre-built indicators and tools, traders often need to create custom indicators and trading codes tailored to their specific needs. This customisation process can be complex, requiring a solid understanding of Pine Script and the ability to integrate various technical indicators and logic into a cohesive system. Over the years, I’ve developed some skills, but the learning curve has been steep. For those unfamiliar with programming concepts, it can be especially daunting to get a handle on any software quickly. But don’t worry, good things come to those who persist.

Skate.

 

[Skate]

Debugging and Troubleshooting
Coding a trading strategy is inherently repetitive, and unexpected issues frequently arise. Debugging can be particularly challenging in TradingView, as the platform’s error messages are not always clear or informative. The lack of comprehensive debugging tools makes it difficult to identify and resolve issues quickly and efficiently, leading to my frustration with this software.

Skate.