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The Electronic Local method

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Trading Experience: Beginner
Platform: Ninjatrader, Multicharts
Broker/Data: Amp Futures/Zen-Fire
Favorite Futures: ES, 6E
Braulio's Avatar
Posts: 229 since Aug 2009
Thanks: 407 given, 216 received


I'm a follower of EL's blog for quite some time and one of the things I wish I had on my trading arsenal was the algo he calls "Flo". Having the conditions coded into a red-green traffic light can really help as you can your thoughts focused on other important things of your trading.
So with this in mind I tried to come up with an algo with some basic conditions:

1. Slope of both EMA's positive or negative
2. Slow CCI above or below 50

Very basic right? Yes but its a start and it already helps me and I hope that with everyone's help we can code this baby and add all the conditions we like.

Here's a screenshot from today showing the algo/indicator I called "aMerda", it's the panel below the price. The panel above the price is the PriceActionSwingTrend indicator. Then you have your regular CCI's and GOMCD on the bottom.

Attached is also the template I'm currently using.

EDIT : minor adjustment on the zip file

Attached Thumbnails
The Electronic Local method-capture.jpg  
Attached Files
Register to download File Type: xml TESTING.xml (56.8 KB, 48 views)
Register to download File Type: zip (7.4 KB, 63 views)

Last edited by Braulio; August 17th, 2011 at 11:41 AM.
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