Normal
[USER=2975]@ducati916[/USER] the indicator can be used in that way but I've coded it in such a way it integrates forming a part of my strategy.Clarification(1) Runs inside a strategy(2) It's an indicator that allows a position to be taken if the strategy buy condition is met & on the flip side an OR statement is integrated into my looping exit strategy.(3) As system traders we don't enjoy the benefits of being discretionary - when the indicator is GREEN it allows a position to be taken as per the strategy conditions - when the indicator is RED we get a forced sell.In layman's termsWhen the strategy generates a buy signal the "The Ducati Stop & Go Indicator" has the final say, meaning if the "S&P/ASX 200 Accumulation Monthly Index (XJOA)" bar is "Green" bar you are good to buy. Normal exits still apply but the "The Ducati Stop & Go Indicator" is constantly looping & if the "S&P/ASX 200 Accumulation Monthly Index (XJOA)" bar is "Red" an exit signal is generated.How effective is the indicatorThe indicator works extreme well, not perfect because of the inherent lag. Overall I'm very impressed.What's next with "The Ducati Stop & Go Indicator" John Ehlers has done a lot of work formulating many ideas how to reduce lag & recently written a paper on the advantages applying rapid adaptation to volatility in price movement. Ehlers often modifies the alpha term of indicators by the amplitude of an oscillator scaled in standard deviations from the mean resulting in responsiveness by using different input parameter that are well suited for trend-following. I'm hoping that one size fit all (with minor compromises) but that's to be determined.Let's Recap1. "The Ducati blue bar strategy" - this is a "stand-alone" strategy that is very simple & effective trading strategy. (using two indicator)2. "DUC Indicator" (is private & confidential) sheer brilliance & extremely effective3. "The Ducati Stop & Go Indicator" integration went smoothly & surprisinging as effective as the two above in simplicity & results. I feel with reduced lag the "stop & go" feature will be a great addition to my stable of tools.Skate.
[USER=2975]@ducati916[/USER] the indicator can be used in that way but I've coded it in such a way it integrates forming a part of my strategy.
Clarification
(1) Runs inside a strategy
(2) It's an indicator that allows a position to be taken if the strategy buy condition is met & on the flip side an OR statement is integrated into my looping exit strategy.
(3) As system traders we don't enjoy the benefits of being discretionary - when the indicator is GREEN it allows a position to be taken as per the strategy conditions - when the indicator is RED we get a forced sell.
In layman's terms
When the strategy generates a buy signal the "The Ducati Stop & Go Indicator" has the final say, meaning if the "S&P/ASX 200 Accumulation Monthly Index (XJOA)" bar is "Green" bar you are good to buy. Normal exits still apply but the "The Ducati Stop & Go Indicator" is constantly looping & if the "S&P/ASX 200 Accumulation Monthly Index (XJOA)" bar is "Red" an exit signal is generated.
How effective is the indicator
The indicator works extreme well, not perfect because of the inherent lag. Overall I'm very impressed.
What's next with "The Ducati Stop & Go Indicator"
John Ehlers has done a lot of work formulating many ideas how to reduce lag & recently written a paper on the advantages applying rapid adaptation to volatility in price movement. Ehlers often modifies the alpha term of indicators by the amplitude of an oscillator scaled in standard deviations from the mean resulting in responsiveness by using different input parameter that are well suited for trend-following. I'm hoping that one size fit all (with minor compromises) but that's to be determined.
Let's Recap
1. "The Ducati blue bar strategy" - this is a "stand-alone" strategy that is very simple & effective trading strategy. (using two indicator)
2. "DUC Indicator" (is private & confidential) sheer brilliance & extremely effective
3. "The Ducati Stop & Go Indicator" integration went smoothly & surprisinging as effective as the two above in simplicity & results. I feel with reduced lag the "stop & go" feature will be a great addition to my stable of tools.
Skate.
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