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Simple Chop using ECO2New
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Simple Chop using ECO2New

  #1 (permalink)
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Simple Chop using ECO2New

Hey All,

The strat I've been working on is directional, and chop tends to suck my profits dry. For the past 48 hours I've added a simple filter that seems to help. ECO2New is one of the indicators I use in the strat, and filtering out trades when ECO2 Main is between +5 and -5 seems to help.

You miss some moves, but its good to see more black than red in some of the chop this week.

Roughly its ECO2 Main [0] <= -5 || >= +5.

I had to look up how to properly inclide an OR statement so consider it time well spent!

YMMV etc etc

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  #2 (permalink)
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Its been ZN I'm trading. You can optimize (I haven't) the "5".

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  #3 (permalink)
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I normally trade from 01:30 am through 11:30 am EST because of where I live. With the filter added to ECO2 only three ZN trades were called yesterday... two solid winners and one BE.

Later today I'll compare results of a recent day where I got chopped to death, trying both with and without the filter.

What do you folks use to decide when its Sit On Hands time?

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Simple Chop using ECO2New-zn-09-09-8_6_2009-4-range-.jpg  
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  #4 (permalink)
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Hi MXASJ,

What is the ECO2 Main? Are you referring to another indicator? I've been looking for something along these lines myself, whereby strategy signals are not taken within so many minutes of a news event? Are we on the same page here? If so I would like to hear more...


MXASJ View Post
Hey All,

The strat I've been working on is directional, and chop tends to suck my profits dry. For the past 48 hours I've added a simple filter that seems to help. ECO2New is one of the indicators I use in the strat, and filtering out trades when ECO2 Main is between +5 and -5 seems to help.

You miss some moves, but its good to see more black than red in some of the chop this week.

Roughly its ECO2 Main [0] <= -5 || >= +5.

I had to look up how to properly inclide an OR statement so consider it time well spent!

YMMV etc etc

Regards,
suprsnipes

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  #5 (permalink)
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Wow. Old post.

Eco2 Main is just a reference to the "Main" plot of the Eco2New2 indicator. If I recall there was a Main and Signal line available to reference.

This is a price-based thing, so it doesn't care about how many minutes before or after a news event it is... unless that is reflected in price.

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  #6 (permalink)
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What is the deal with



private Color downColor = Color.Red;
private Color upColor = Color.CornflowerBlue;

it causes errors when called into a strategy

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  #7 (permalink)
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mainstream View Post
What is the deal with



private Color downColor = Color.Red;
private Color upColor = Color.CornflowerBlue;

it causes errors when called into a strategy

Can you be more specific about the errors so we can help ?? A few lines on how you try to access it will assist greatly.

TJ

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  #8 (permalink)
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if (ECO2New3(Color [Red], Color [CornflowerBlue], 7, 4, 21).Main[0] <= 20)

If I remove the colors the system looks for another, what is the word, qualifier? Anyway it won't compile. Thanks.


Last edited by mainstream; December 12th, 2010 at 10:28 PM. Reason: duh?
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  #9 (permalink)
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mainstream View Post
if (ECO2New3(Color [Red], Color [CornflowerBlue], 7, 4, 21).Main[0] <= 20)

If I remove the colors the system looks for another, what is the word, qualifier? Anyway it won't compile. Thanks.

I dont have that specific indicator, but another I have in same 'family' is needing someething like this

if(ECO2New3(int fast, int signlLen, int slow).Main[0] ... have a look at the parameters when you set up the indicator manually on a chart to see what it is looking for as input for the variables ... so from your example if (ECO2New3(7, 4, 21).Main[0] should be good

TJ

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  #10 (permalink)
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Thanks. I did try that.

"No overload for method. 'ECO3New3' takes '3' arguments

is the error.

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