Avoid being whipsawed on the entry candle. - NinjaTrader Programming | futures io social day trading
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Avoid being whipsawed on the entry candle.
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Created: by koganam Attachments:0

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Avoid being whipsawed on the entry candle.

  #1 (permalink)
Trading Apprentice
Garner, NC/USA
Futures Experience: Advanced
Platform: Ninja Trader, thinkorswim
Broker/Data: thinkorswim, MBTrading
Favorite Futures: TF
Posts: 29 since Dec 2009
Thanks: 16 given, 33 received

Avoid being whipsawed on the entry candle.

Remember how sometimes you write a strategy, especially an always-in-market (i.e., stop and reverse) strategy, and then when you backtest or try to optimize it, you end up with a whole bunch of trades that entered and exited on the same bar, at the same price, at the same time, chewing up commission costs to no purpose, and messing up your results?

I just posted an example strategy that shows how to ensure that an entry in the market stays in for at least one bar before it can trigger a stoploss. I used the SampleMACrossOver as the basis for the strategy as I wanted to post a working strategy rather than just a shell.

I must state that I do not have much faith in the MovingAverageCrossOver as a trading strategy, so even though when optimized, (as in the picture that accompanies the strategy), it shows a profit, remember that backtesting is different from live trading. That means one needs to think very carefully before turning such a strategy live on a real account. I used it ONLY as a working example, not a strategy to actually trade with.

Here is the link:

Last edited by Big Mike; December 15th, 2009 at 06:06 AM. Reason: added link
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The following 2 users say Thank You to koganam for this post:
  #2 (permalink)
Trading Apprentice
Garner, NC/USA
Futures Experience: Advanced
Platform: Ninja Trader, thinkorswim
Broker/Data: thinkorswim, MBTrading
Favorite Futures: TF
Posts: 29 since Dec 2009
Thanks: 16 given, 33 received

That solves what?

I do not quite understand your question.

kostas View Post
Is there any indicator out there that solves this ?

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