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Chaikin Volatility Method on CL
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Created: by LordAlfa Attachments:3

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Chaikin Volatility Method on CL

  #1 (permalink)
Elite Member
Scarborough, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader, MetaTrader
Broker/Data: Mirus/Zenfire
Favorite Futures: CL, EURUSD, 6E
 
LordAlfa's Avatar
 
Posts: 88 since Jul 2009
Thanks: 7 given, 45 received

Chaikin Volatility Method on CL

Hi,

I am exploring this indicator. There isn't one on Ninja 6.5 but the 7.0 has it.

It does not give trade signals even for weeks. This is a high win probability method, so far it is looking ok. Just that I am not always there to make the trade, I am thinking of automating this method. Great for those who do not like over trading.

Create a ETH chart on CL of time frame 15 mins.

Insert the second panel of Chaikin Volatility index of parameters 10,10.

Draw constant line on the index of 196 level.

The idea that when the index crosses 196 level for that bar, it is termed as an extreme move. It is most likely that the price on the next few bars will run on the opposite direction.

This is the procedure for a sell.

1. Chaikin index blows over 196 level.

2. Bar that causes it is bullish.

3. (safest) Wait for 2 bearish bars.

4. Sell at the close of the 2nd bearish bar.

5. Target 50 ticks.

6. Stop 100 ticks.

Opposite for buy.

I know you might be asking why 100 ticks stop loss? It is because when the Chaikin goes over 196, there might still be a chance that there is more pull up, though the chance is slim. I might argue that you can place a tighter stop, if it gets you out, re-enter while the Chaikin index is sloping down.

I am open to suggestions for any improvement.

Please know that this is not a trigger happy method, this is a sniper. 1 shot 1 kill.

For those wanting it on ES, set the Chaikin level to 169. Target 16 ticks, Stop 20 ticks.

Attached Thumbnails
Chaikin Volatility Method on CL-cl-09-10-15-min-7_29_2010-chaikin01.jpg   Chaikin Volatility Method on CL-cl-09-10-15-min-7_29_2010-chaikin02.jpg   Chaikin Volatility Method on CL-cl-09-10-15-min-7_29_2010-chaikin03.jpg  
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  #2 (permalink)
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  #3 (permalink)
Elite Member
Scarborough, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader, MetaTrader
Broker/Data: Mirus/Zenfire
Favorite Futures: CL, EURUSD, 6E
 
LordAlfa's Avatar
 
Posts: 88 since Jul 2009
Thanks: 7 given, 45 received


For those who have more a higher risk propensity, you can start your trade immediately on the next bar.

If the bar that causes the cross is a bullish, go short.

If the bar that causes the cross is bearish, go long.

Please apply trade management that you are comfortable with.

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  #4 (permalink)
Elite Member
vienna, virginia, usa
 
Futures Experience: Advanced
Platform: TradeNavigator, Multicharts
Broker/Data: Optimus, TOS, IB
Favorite Futures: Gold, DX, Forex, Futures
 
Posts: 13 since Oct 2010
Thanks: 13 given, 11 received

How's This Strategy Working for You?

Was curious if you have been able to backtest your strategy since you made the post. Your approach looks promising. Did you find the indicator on other platforms?


LordAlfa View Post
For those who have more a higher risk propensity, you can start your trade immediately on the next bar.

If the bar that causes the cross is a bullish, go short.

If the bar that causes the cross is bearish, go long.

Please apply trade management that you are comfortable with.


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  #5 (permalink)
Elite Member
Scarborough, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader, MetaTrader
Broker/Data: Mirus/Zenfire
Favorite Futures: CL, EURUSD, 6E
 
LordAlfa's Avatar
 
Posts: 88 since Jul 2009
Thanks: 7 given, 45 received

No I have not. When I am there, the signal wasn't there to trade, when I wasn't, it appeared. It is constant vigilance. I have not automated this so, there is no automated strategy to try this on a back test let alone a forward test. Metatrader 4 & 5 have a similar indicator. Ninja 6.5 did not have this.

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  #6 (permalink)
Trading Apprentice
Barceolna, Spain
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: CL
 
Posts: 1 since Sep 2012
Thanks: 0 given, 0 received

Nice strategy.

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  #7 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
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LordAlfa View Post
No I have not. When I am there, the signal wasn't there to trade, when I wasn't, it appeared. It is constant vigilance. I have not automated this so, there is no automated strategy to try this on a back test let alone a forward test. Metatrader 4 & 5 have a similar indicator. Ninja 6.5 did not have this.

No need for a coded strategy to do a preliminary backtest, just do an initial visual backtest. Load up a chart with as much historical data as you need, then visually scroll forward through the chart, marking up all the signals you see, and if they are a winner or a loser. Once you go through 100 or so signals, then determine the win loss ratio and whether the expectancy is positive. If the results are not good, you may want to decide it the strategy is worth pursuing further or not. That's the way I weed out strategies, and takes very little time to do.

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