The problem as I see it as with every backtest I've run is that I can't seem to identify and codify the variability in the method. I coded a strategy as well for this basic method but did not include bollinger and all the other stuff just to see how well I could capture the 5 bar counting. That worked out pretty well but it isn't by any means ESFXtraders system. I need to study his method a bit more to see if I can capture his other rules. Good thing is, this kind of project keeps my brain occupied while waiting for the next setup which comes but infrequently.
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If you trade CL, during the Barrel counter report the market will zoom so fast and erratic that you would stand aside and not trade until the market returned to "Normal".
On choppy days you look at the screen and realize it's "too choppy" to trade. You wait for the market to "stabilize".
Quantify "too choppy" and stabilize".
There are the days with scheduled news events. Does the code account for the FOMC meetings announcements? Jobs Reports,etc?
Then there are the days with unscheduled events.
If your backtest includes the "FlashCrash" date and your system took the crash and the rebound trades, it would appear unbelievably profitable. However it was almost impossible to get a trade in during that period.
Zscore for all practical purposes is the CCI only the calculation uses standard deviation instead of the mean. I should have just shown the results with the CCI and not confused things, my bad.
What I was describing was ESFXtrader's system without the Bollinger counter trend trades. I don't take counter trend trades. But that's a personal decision.
I'm just a simple man trading a simple plan.
My daddy always said, "Every day above ground is a good day!"
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Interesting...I can change the color of the background but can't make it transparent. Each time I select transparent it turns the text background color white. That happens even when I hardcode Color.Transparent. However, transparent works with the other parameters. That's weird. Not sure what I can do about that.
I'll post another version that doesn't have the text background.
Mike, you are fast at coding stuff, really nice work. Just out of curiosity is it possible to add a paint bar to the +45/-45 CCI, would be cool if the visual was right there on the bars themselves, with even the ability to be able to have the numbering on the price bars, perhaps a turn on/off feature if that's possible. Anyway just a thought, I'm not sure how difficult that all is. I certainly appreciate your hard work.
I have yet to trade it, but trying to put something together that trades with the trend to see how viable this can be. Here are a couple of screenshots of todays action in 6e with a 4 range no gap bar. along with described indy's. Open for any suggestions as well.
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