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BloodHound MACD/Keltner v1

Very simple MACD/Keltner system. Keltner bands are 20/0.5.

Entry: MACD crossover (OR) MACD higher than MACD average (AND) MACD slope rising for longs (AND) price above Keltner upper band (20/0.5) [discretionary: (AND) price higher than 8 MA]
(Reverse for short)

Exit: Keltner crossing midline, [Discretionary: MACD crossover average (OR) price cross under 8 MA]

I am back testing the system and it works best on 1000 tick charts. However, it performs on 150 tick charts, just takes too many losing trades. Key to the system is "let the winners run." You can incur lots of small losses before a winning trade on smaller time frames.

You can see the journal for more background on the system development at https://nexusfi.com/elite-trading-journals/28631-discretionary-trading-system-vs-mechanical-trading-system.html.

The system is still being tested, so users should be aware of this. If anyone else has success with the system, please let me know.

Category The Elite Circle

Details: BloodHound MACD/Keltner v1
Category: The Elite Circle

November 1st, 2013
Size: 3.19 KB

Comments/ratings

Zhuhai November 3rd, 2013 10:56 AM

Try the SiProRenko Bars
Thank you.

Realtimetrader November 4th, 2013 06:57 AM

can you convert this for Ninjatrader?

Gr,

Martien

jiggles November 7th, 2013 02:04 PM

When downloading I get a .bht file with size of 4kb?

cibarcena November 17th, 2013 03:16 PM

Hi,

Have you tried to adjust your confidence value to 1 instead of 0.8? If so, you'll have less false signals. Also, you could add a trend indicator or oscillator to prevent from signaling short on a long trade. I'd suggest to use the HMA 21 or 34. In addition to that, you could use a different time-frame for this indicator/oscillator while you use a tick chart.

Thank you,

Celso

Raj1 November 17th, 2013 09:41 PM

Is it available for Ninja -7?

Raj1 November 17th, 2013 09:42 PM

Can it be made available for Ninja-7?

sunny135 January 20th, 2014 02:18 PM

can you please let me know if it is available for NT7?

rfiske January 24th, 2014 04:09 PM

Thanks > So glad we are getting some BloodHound development going!

Realyy helps me with the laerning curve

jlwade123 January 24th, 2014 07:51 PM

Thank you for your comments and suggestions. I have updated the BloodHound MACD-Keltner strategy to include a 21 HMA slope as suggested, and also to provide for a 5 min chart for the slope. I tested the indicator for January 2014 on a 233 tick chart, and this is a profitable strategy. I will post the updated strategy.

Thanks,