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Psychology and Money Management

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Millionaire in 10 weeks & Conversation with broker

  #208 (permalink)

Columbus, Ohio
Trading Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: NQ
WoodyFox's Avatar
Posts: 129 since May 2016
Thanks: 41 given, 249 received

Hi @MerlinWorld

I have created some ribbon indicators over time that are very similar to yours. I have used lots of different settings and have tested them extensively over time. If used right, they can produce very nice results. Not a million in 10 weeks, but enough to use exclusively for a trading system. The screenshot below shows one example "No particular settings". I have no intentions to do so, but I'm sure I could get mine to match yours with extreme accuracy. I'm sure I have tested through your settings at one point. Who knows right? One thing to remember when using any type of exotic bars (Any bar that is not time based), make sure your test results are true. With range bars, just changing the lookback period can change the results of any backtest. You can fix this by using a control point for your starting bar when backtesting. In search of the Holy Grail is part of the fun, although we all know its all relevant. The holy grail only exists in your own mind. Good luck to you in your hunt! I will follow your journey.
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