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Trading CL with momentum strategy


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Trading CL with momentum strategy

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  #1 (permalink)
Kowloon, Hong Kong
 
Experience: Advanced
Platform: MC
Broker: IB
Trading: HSI
 
Posts: 17 since Aug 2018
Thanks: 3 given, 3 received

I have a very simple x-len momentum strategy that trades on CL (1 hr bar). The performance has positive for the past 5 years. But what has been negatively impacting the performance is sometimes the momentum indicator flip-flop between positive and negative and lead the buy and sell every bar for a couple of hrs....

What is the best secondary indicator that can help slow down the sensitivity of my momentum indicator?

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my2108 View Post
I have a very simple x-len momentum strategy that trades on CL (1 hr bar). The performance has positive for the past 5 years. But what has been negatively impacting the performance is sometimes the momentum indicator flip-flop between positive and negative and lead the buy and sell every bar for a couple of hrs....

What is the best secondary indicator that can help slow down the sensitivity of my momentum indicator?

I recommend to use price confirmation. If the indicator produced a buy signal, get into the trade on a BUY STOP if it breaks a certain high/ price confirmation, that will probably be the best filter for the "noise"

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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