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Laserdan's Development of a Stategy


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Laserdan's Development of a Stategy

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  #1 (permalink)
 Laserdan 
North Carolina
 
Experience: Beginner
Platform: Ninja Trader
Broker: Ninja Trader Broker / Continuum
Trading: ES
 
Posts: 57 since Jun 2009
Thanks: 4 given, 57 received

Well here it goes...

I have been told that I am a breakout trader, so I thought I would document the idea I came up with.

I use Point and Figure charts (PnF) developed by Tradingstudies.com for ninja trader. Trading the ES and using box sizes of 1 tick X 3 ticks , 4 ticks and 5 ticks

right now I am fooling around with DeltaBidAsk Volume as a confirmation of the break out. Havent coded it into the strat yet, but visually looking at it.

Here are my charts:


All of this is in development, So i will keep you posted.

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 Big Mike 
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Hi Laserdan, a few questions

Is this mechanical or fully automated?
Have you traded it cash?
If automated, do you take any discretionary trades or only the strategy?
Have you backtested it, and if so, what do you think of the results?

Mike

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  #3 (permalink)
 Laserdan 
North Carolina
 
Experience: Beginner
Platform: Ninja Trader
Broker: Ninja Trader Broker / Continuum
Trading: ES
 
Posts: 57 since Jun 2009
Thanks: 4 given, 57 received


Right now it is in the idea stage.

My intention is to update the community as to my progess each week.

I want it to be fully automatic.

Right now I am running the strategy in simulation on live data in real time in the 3 timeframes shown in the pic. That way i can get a feel for the bid ask delta on trades that do work.

Since I have not written the piece for shorts, I will explain the longs.

The Green arrows below the price bars on the PnF charts on the bottom are my entry signals - which sets a buy stop 1 tick above the previous (green) bar. The numbers below the green arrow are the number of bars that have the same High. Right now I am taking every entry without regard to DeltaBidAsk.

The plan is to see if there is a correlation between volume and Break outs and modify the script to look for those before entering.

So ideas are welcome, but not neccesary...I will keep you all updated.

The 15min chart and 30s chart are just for me, not related to strat at all.

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Last Updated on July 7, 2009


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