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I have been intently following your journey since the beginning of your journal.
You DO NOT need any indicators (especially $1000+ indicators) to learn trading or to get better at trading or to become profitable at trading.
Everything you need to succeed is within you, you do not need to purchase anything in order to unlock your full potential as a trader.
You are method hopping often (nearly every other post lately is another method/indicator/etc) and I can guarantee that you will not find success in this manner. (I would even argue that you are beyond the beginner stage where method hopping makes sense because as a beginner, one simply has no idea what style or method works with themselves until they find it).
I wish you nothing but the best Michael, I hope to continue to see improvements in your trading going forward!
Thank you for sticking it out, I can well imagine that my journal reads schizophrenic, and that seasoned traders read it with the same trepidation you get when you see the scream queen go to hide in a dark shack full of rusty hatchets in a horror movie. I do think that there is a method to this madness, that by trying and "breaking" methods, strategies, systems, indicators, etc.. I might find hardiness in those things that do survive. I think the real danger in this is that a person could get lost in all the testing and never get around to the trading. That's fair, it's something to be aware of. In this latest cycle of creation and destruction my aim is to create a system that marries a price action strategy with a rules based approach for entries that uses software to manage trades. Mary Shelly would be proud.
Thank you again go taking the time to post. I really do apricate any and all input.
Downloaded Bloodhound and Blackbird today, installed and built the demo. It works. The countdown begins. I have till November 30th to justify the purchase. I have my work cut out for me.
This is how I'm looking at the ES. It's bullish now, but I'm really looking for signs of exhaustion.
It's kind of like what everyone goes through. Try this, drop it, try this, drop it, try this....
Perfectly normal, just more public than usual, and a faster pace of trying and dropping.
All to the good. Keep experimenting. Somewhere in there, make sure you always have a way to control your risks and cut your losses. Not having that will sink you faster than not having the very best system (which no one has, anyway....)
And at some point, you will need to use something long enough to get consistent with it. Steadiness is a good thing, too.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
For longs
Give me a signal when the current candle (1) HH/LL > last candle HH/LL
AND The last candle (2) HH/LL < the candle before that (3) HH/LL
For shorts
Give me a signal when the current candle (1) HH/LL < last candle HH/LL
AND The last candle (2) HH/LL > the candle before that (3) HH/LL
Compare value A to value B to see if A>B, or A=B, or A<B. A or B can be an indicator value, bar price, or a fixed value. A is typically the
faster moving indicator, and B the slow moving indicator. When A>B, the fast is above the slow, and A<B, the fast is below the slow.
I don't have a lot of time this morning, but I was able to re-examine what I was working on yesterday. This time I was able to generate a pretty descent 2-2 reversal long. Not sure its 100%, but if it isn't, its close. Getting this done in Shorts now should be easier, then its off to the next condition. The objective here is get these reversals in first, then come over those with higher timeframe continuity, and then filter from there.
What I did for longs I did for shorts. I am now getting signal back for all 2-2 reversals. I can further qualify these signals with built in parameters in the solvers that I used. For instance I can now say- only give me a signal if the bar is at least this big, or bigger by this much in only this direction. But for now this is a great start. Also, I combined two big AND blocks with an OR block, proving that I can make as many separate AND arguments as I want.
The next step will be make a filter argument for all these AND blocks and connect it. The primary filter here is going to be higher time frames. I already know that Bloodhound can do this, so I think it should go pretty quickly. From there its just a matter of defining the rest of the reversals as per #TheStrat. After that I should be ready to start testing.
Once again I like what I'm seeing here. Bloodhound has initially proven that I can indeed think about a condition, point it out on my charts, and then use their software to point it out. I really don't know if I'm using it the way that It's supposed to be used, but so far I'm getting back the correct output. From where I'm sitting, this validates my optimistic feeling towards Bloodhound. If Blackbird is as user friendly and forgiving of my ass-wild expectations, then I think this is probably going to work.
If it does great, if not, I grind some more. Its really that simple.
I've figured out Where to filter the reversals and how. It turns out its another AND. Here it is, where the ATR is filtering all the reversals. Anything could be the filter.
This is the ES right now. This is a good example of how I'm going to look at the daily and/or the 4 hour for inside bars so I can tell Bloodhound not to be trading until that inside bar is either a 2 or a 3. This will require that I calculate not on the close of candle, but on the change in price.
