"Sprint not a Marathon" approach

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  • 01/09/2018 at 9:40 AM #57856 quote
    Leo
    Participant
    Veteran

    Hi all,

    I got this idea while commuting, and writing this walking to my full time job with hands freezing.

    What if we create a code working in a very short time period like 1 minute or less, which create all the time or at specific moments Order Limits in levels where it can trigger many entries and then we exit the trade. Like hit and run. Like playing lottery or what ever.

    Here I attaché a pic.

    IMG_0981.jpg IMG_0981.jpg
    01/10/2018 at 8:00 AM #58792 quote
    jebus89
    Participant
    Master

    Hey, im not sure what you mean. How do you want to take the trade? What criteria/conditions where you thinking about?

    01/10/2018 at 9:13 AM #58795 quote
    GraHal
    Participant
    Master

    Yeah I love this cos it’s like I trade manual … or try to when all is going good! 😉

    In my opinion lots of Strats enter a trade under Condition A and then price moves so Condition A is no longer valid, but the Strat sits there still in the Trade over many up and down periods. The equity curve follows the price curve sometimes for days, weeks even.

    Yes the Strat may come out with a profit, but how confident have you been sitting there watching it, knowing the initial entry Condition A had long ago been reversed, maybe even met again, reversed again … etc?

    GraHal

    01/10/2018 at 6:14 PM #58898 quote
    Nicolas
    Keymaster
    Master

    So you want to catch big movement by adding new pending orders at X points from price and renew them at each new bar?

    01/10/2018 at 6:27 PM #58905 quote
    Leo
    Participant
    Veteran

    We can think here  all the ideas !!!

    Yesterday I create and indicato that show “low[1]-ATR” and ” high[1]+ATR” in many configurations and multiples for the average true range.  Then with an drawellipse I could spot easy when the high or low crosses these levels.

    i can imagine something like @Nicolas says…. a system that always open a pending limit orders in an strategic levels in case there is an euphoria or panic in the market.

    The issue is that it can open many losses trading.

    another approach is to have a list of days and moments when there are data release and move the markets… and open limit orders just before.

    exit conditions and stops are very important here as @GraHal says.

    l’m looking forward to read your thoughts

    01/10/2018 at 6:35 PM #58909 quote
    Nicolas
    Keymaster
    Master
    Leo wrote:

    a system that always open a pending limit orders in an strategic levels

    In your example, they would be pending STOP orders.

    Leo wrote:

    another approach is to have a list of days and moments when there are data release and move the markets

    In my own experience, you should give up on this idea. It leads no where, just a waste of time IMO, even if you can learn of lot. Been trying to do the same (like many others) and for customers also. As a retail trader, you will not be able to beat the spread/slippage that happen with economic news.

    01/10/2018 at 11:23 PM #58938 quote
    Leo
    Participant
    Veteran

    Yes indeed, stop orders I mean.

    I suppouse we  all love the idea of entry early in direction of everyone move.

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"Sprint not a Marathon" approach


ProOrder: Automated Strategies & Backtesting

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Leo @leito Participant
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This topic contains 6 replies,
has 4 voices, and was last updated by Leo
8 years, 1 month ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 01/09/2018
Status: Active
Attachments: 1 files
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