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ThinkorSwim Fingerprint indicator nearing completion. Excellent results.
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ThinkorSwim Fingerprint indicator nearing completion. Excellent results.

  #1 (permalink)
Elite Member
San Diego, CA/United States
 
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Posts: 16 since Apr 2015
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ThinkorSwim Fingerprint indicator nearing completion. Excellent results.

Hopefully, I've posted this is in the proper section of the forum. The subject indicator was developed in ThinkorSwim, but I wanted to share the results in general.

I was laid off back in November, so I've used all the spare time to look for a job and to develop a trading theory I've had in mind for a while into an actual entry indicator. No one is hiring, so I've spent roughly 12-15 hours per day, 7 days per week building this thing, with barely a social life. I completed the bulk of it last week and was able to start testing it...and was blown away by the results.

To sum it up, it's a fingerprinting system that's unique to an individual security. I "teach" the indicator what trades are good trades from past results, using multiple angles to eliminate as many bad signals as possible. With that, the indicator "knows" what elements are highly probable for a successful trade and generates an entry signal when those elements (or similar) are presented again. This also means that each individual security one wants to trade, will need to be "profiled" before the indicator works for it (else risk many more bad signals).

The current indicator is dialed for 1 to 15 minute time frames, but can be scaled up for larger time frames with minimal changes.

I've attached some of the results from random date ranges for the security NUGT for a 5 minute time frame. I used the fingerprint indicator as the entry, and used ThinkorSwim's native ATRTrailingStop with custom settings for the exit, with a buy in of 2000 shares. If you want to see results for other dates, let me know, and I'll post them.

These results do not account for slippage, or commissions, so I'd imagine the results would be a bit less. Additionally, there are some trades that may have gone even better with manual input, or additional indicators on top of it. I also see occasional "blank" trades that would skew the order numbers.

I currently have the indicator profiled for NUGT, but I'm going to start profiling it for other securities (namely high volume), and perhaps even E-Mini S&P, and forex.

Attached Thumbnails
ThinkorSwim Fingerprint indicator nearing completion.  Excellent results.-results1.jpg   ThinkorSwim Fingerprint indicator nearing completion.  Excellent results.-results2.jpg  
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  #2 (permalink)
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  #3 (permalink)
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I assume you have intentions on selling it?

Mike

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  #4 (permalink)
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Selling it is an option, but I'll likely use it for now. I wanted to see what people with much more experience than me thought about it in general.

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  #5 (permalink)
Site Administrator
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jeffro View Post
Selling it is an option, but I'll likely use it for now. I wanted to see what people with much more experience than me thought about it in general.

If you intend to sell it, your post will be deleted and your account banned should you make a future post about it. We don't allow self-promotion.

As for advice, my advice is learn to trade. If you want to be a programmer get a different job. I am speaking as someone with 20 years trading experience, and 25 years programming experience, who's primary income is from trading.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
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  #6 (permalink)
Elite Member
San Diego, CA/United States
 
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: ES, CL, 6A
 
Posts: 16 since Apr 2015
Thanks: 2 given, 8 received


Big Mike View Post
If you intend to sell it, your post will be deleted and your account banned should you make a future post about it. We don't allow self-promotion.

As for advice, my advice is learn to trade. If you want to be a programmer get a different job. I am speaking as someone with 20 years trading experience, and 25 years programming experience, who's primary income is from trading.

Mike

Thanks for your input Mike.

I originally designed this indicator for my own personal use. Selling it isn't out of the question, but if I did, I wouldn't promote it on your site. I'm sure you get enough of that.

I've been a lurker here for a few months and my intent here was to get input from others on the overall fingerprinting idea of the indicator.

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  #7 (permalink)
Every Day I'm a n00b
San Tan Valley, AZ/USA
 
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FABRICATORX's Avatar
 
Posts: 195 since Jun 2013
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I'm not interested in the specific results, but more intrigued in the idea.

Tell me if I'm correct in understanding:

This is a pseudo-algo that you teach basic behavior principles to, and based on those historical behaviors, it can anticipate probable behaviors.

-Jimmy
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  #8 (permalink)
Elite Member
San Diego, CA/United States
 
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Platform: TOS
Favorite Futures: ES, CL, 6A
 
Posts: 16 since Apr 2015
Thanks: 2 given, 8 received

Yes, you've described it perfectly.

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