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- AGOtrader replied May 1, 2009
stevecartwright - thanks for the script! I'll check it out now...will be good to signal the congestion and look for potential break outs! Beepboop - good question. Let me see if I can explain more clearly. - We start looking for the trade setup when ...
- AGOtrader replied Apr 28, 2009
Coding EA!!!??? — Anybody anxious and willing to help with the coding of this??? It's a methodology that works well....I'm just anxious to have it in an EA (if even it's not FULLY AUTOMATED), so we can start back/forward-testing different ...
- AGOtrader replied Apr 28, 2009
Congestion - Chart — So we want to avoid trading when in congestion (remember, we want a TREND). We determine congestion as being 4 or more bars that are all "INSIDE" a bigger "Measuring Bar" (that has Higher High and Lower Low than ALL the ...
- AGOtrader replied Apr 28, 2009
1-2-3 Reversal — So we look for a 1-2-3 Reversal to either: 1) Establish trend/trade direction, OR 2) REVERSE our position, as we ANTICIPATE the trend has changed directions It does kind of make sense logically: If we THINK we're in an UP ...
- AGOtrader replied Apr 28, 2009
Trend Direction - Two "signals" — This is what we've used to determine the trend direction. First, though, it won't seem like this approach actually describes a trend that has ALREADY FORMED. It (maybe to a fault) attempts to choose ...
- AGOtrader replied Apr 28, 2009
Determining Trend Direction — Hi All! So the inevitable question: "how will the EA best define the trend?" has come up! This is probably one of the most asked, and most difficult, questions I see on the FF forums that seek to build completely ...
- AGOtrader replied Apr 27, 2009
Hey Richboy (hope your name is fitting ) Thanks for joining it! Did you get enough of the explanation to start coding a rough form of the methodology? Are you familiar with coding similar methodologies - ones that rely on bar to bar comparison ...
- AGOtrader replied Apr 27, 2009
Mikkom, Thanks for jumping in! First, how do we define a trend: This IS difficult mechanically (as in WITHOUT human discretion)...and in fact, one of the challenges that I'm hoping to gain insight from fellow FF members. My main goal would NOT be to ...
- AGOtrader replied Apr 27, 2009
WHY this methodology can work — Let me explain a major premise of this methodology: First, the "TREND IS YOUR FRIEND" - overused statement, but still very useful. There are plenty of countertrend systems that work, and still MORE ...
- AGOtrader replied Apr 27, 2009
Reminder: Seeking your feedback, ideas, and CODING skills! — As a reminder, I'm HAPPY to share/contribute/drive this thread, BUT am seeking input from all the talented people on this forum!) Ultimately, I'm anxious to work with a focused group ...
- AGOtrader replied Apr 27, 2009
Managing 3rd/final Stop - Chart — Recap: 3rd Stop stays at Breakeven UNTIL the 2nd Stop is filled. Then, 3rd stop is moved to a "swing high" point (in this DOWN Trend Example). It is moved lower and lower (in DOWN Trend) to each LOWER "swing ...
- AGOtrader replied Apr 27, 2009
Movement of 2nd Stop - Chart — In DOWNTrend...AFTER 1st Partial Profit is taken...2nd Stop is moved Down on every bar that has a LOWER HIGH. It will get filled by a bar (during this bar) that eventually forms a HIGHER HIGH.
- AGOtrader replied Apr 27, 2009
Chart Example of Trade Setup/Entry — Chart is attached! Can someone give a quick tip on how to post/copy the chart in the my post's body...rather than as an attachment that must be opened? I'm sure it's easy...I'm just missing it. Thanks!
- AGOtrader replied Apr 27, 2009
Movement of Stops Explained — Here is how STOPS are moved once the trade is active: First, I say STOPS (plural) b/c you want to split the trade into 3 parts. Initially - ALL Stops are at the low (in an UPTrend) of the current or previous bar ...
- AGOtrader replied Apr 27, 2009
SedonaPipper, I appreciate your discussion of the nuances of systematic and discretionary trading. I struggle with the most profitable answer to this issue! Here is what I know/think: You HAVE to use some degree of discretion when trading...at least ...
- AGOtrader replied Apr 27, 2009
Methodology Explained — Premise: - Follow the TREND - Enter Trends on small pullbacks - Use entry points that exploit common placement of STOPS (this usually gives me a "bounce" into the trade, allowing me to be quickly positive and locking ...
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