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Boomerang indicator system at indicatorwarehouse.com


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Boomerang indicator system at indicatorwarehouse.com

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  #91 (permalink)
Orlando, Florida, USA
 
Experience: Advanced
Platform: NinjaTrader, Thinkorswim
Broker: Optimus/Rithmic
Trading: ES
 
swish008's Avatar
 
Posts: 7 since Oct 2010
Thanks: 4 given, 3 received


m0n0xide View Post
Anyone else besides Taxman bought this strategy? Anyone?

Hello,

I am also new to this forum and find this a great way to share ideas. I too have bought the boomerang strategy and have traded it over the last six months. I have added the ATR trailing dots to the strategy and found it to be pretty decent. The problem that I have faced with the strategy is that it works great in trending markets or choppy markets that have large enough swings, but it doesn't do so well for me in short choppy markets. Adding the ATR trailing dots as a filter has helped as it reduces the number of trades taken in the short choppy periods. I am also looking into adding another momentum indicator as another filter, but still playing with it. It is interesting to see other people use this strategy and to see how they are doing using it. I also found that trading this strategy first thing in the morning and then possibly after 3pm EST, seems to work better. After lunch 1pm EST seems to be the worst. I would be curious as to others who use it with some success and if they use it alone (or with the TBS indicator) or if they add their own filters to it.

Jeff

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  #92 (permalink)
Los Angeles, CA
 
 
Posts: 21 since Jan 2010
Thanks: 1 given, 10 received

Swish,

Do you use the High5 market internals as a filter for your trades? I've been trying to incorporate that into my decision making to take signals but have found the internals are lagging. What has been your experience?
Also what ATR settings are you using?
Wouldn't the ATR trail only be useful when already in a trade?

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  #93 (permalink)
New Braunfels, TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Zen-Fire
Trading: futures
 
Posts: 127 since Aug 2009
Thanks: 922 given, 20 received



swish008 View Post
Hello,

I am also new to this forum and find this a great way to share ideas. I too have bought the boomerang strategy and have traded it over the last six months. I have added the ATR trailing dots to the strategy and found it to be pretty decent. The problem that I have faced with the strategy is that it works great in trending markets or choppy markets that have large enough swings, but it doesn't do so well for me in short choppy markets. Adding the ATR trailing dots as a filter has helped as it reduces the number of trades taken in the short choppy periods. I am also looking into adding another momentum indicator as another filter, but still playing with it. It is interesting to see other people use this strategy and to see how they are doing using it. I also found that trading this strategy first thing in the morning and then possibly after 3pm EST, seems to work better. After lunch 1pm EST seems to be the worst. I would be curious as to others who use it with some success and if they use it alone (or with the TBS indicator) or if they add their own filters to it.

Jeff

I bought it and I don't use it. It is a loser overall. There is some guy who has a room that trades it and is charging 25 per month. I don't remember who he is though. A google search might find him.

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  #94 (permalink)
Orlando, Florida, USA
 
Experience: Advanced
Platform: NinjaTrader, Thinkorswim
Broker: Optimus/Rithmic
Trading: ES
 
swish008's Avatar
 
Posts: 7 since Oct 2010
Thanks: 4 given, 3 received

I haven't looked at using the High5 as a filter. I use a 3.1 for my ATR Trailing Dots. Most people use the trailing dots to trail their order, I use the trailing dots as a breakout signal. When the price breaks the dots and closes outside the dots, it confirms for me the trend. All it does is filter some of the chop. I need to add in the TBS indicator as well to filter some of the trades as well as taking a look at the High5 filter.



Jason11 View Post
Swish,

Do you use the High5 market internals as a filter for your trades? I've been trying to incorporate that into my decision making to take signals but have found the internals are lagging. What has been your experience?
Also what ATR settings are you using?
Wouldn't the ATR trail only be useful when already in a trade?


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  #95 (permalink)
Orlando, Florida, USA
 
Experience: Advanced
Platform: NinjaTrader, Thinkorswim
Broker: Optimus/Rithmic
Trading: ES
 
swish008's Avatar
 
Posts: 7 since Oct 2010
Thanks: 4 given, 3 received


eensor View Post
I bought it and I don't use it. It is a loser overall. There is some guy who has a room that trades it and is charging 25 per month. I don't remember who he is though. A google search might find him.

Yeah,

I found him and I am currently trying out his strategy. He uses the TBS indicator and the Volume Pressure indicator as his filters. It looks interesting and the backtesting of his methods do look appealing. I think that the boomerang strategy out of the box has not worked well for me and I realized that it needed some filters and also to not take every trade setup. I have been working on finding some filters like the ATR Trailing Dots, Momentum, TBS and Volume Pressure Indicator to filter some of those trades. I do notice an improvement in the results with using these filters. Has anyone found any other filters that they use on the boomerang strategy that works well?

-Swish

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  #96 (permalink)
Los Angeles, CA
 
 
Posts: 21 since Jan 2010
Thanks: 1 given, 10 received

who is the person using Vol Pressure to filter trades? I searched and couldn't find anything.

Swish008 -- I sent you a PM.

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  #97 (permalink)
Orlando, Florida, USA
 
Experience: Advanced
Platform: NinjaTrader, Thinkorswim
Broker: Optimus/Rithmic
Trading: ES
 
swish008's Avatar
 
Posts: 7 since Oct 2010
Thanks: 4 given, 3 received

eminiticks.com

Sorry, I don't have access to e-mails yet. I guess I have to post several times before I can get access. Strange. I have the TBS indicator for 6.5, but haven't been successful at getting it to work on NT7. Has anyone had luck with it?






Jason11 View Post
who is the person using Vol Pressure to filter trades? I searched and couldn't find anything.

Swish008 -- I sent you a PM.


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  #98 (permalink)
Los Angeles, CA
 
 
Posts: 21 since Jan 2010
Thanks: 1 given, 10 received

Swish,

You need 5 posts to get PM's. You've got 4 right now.

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  #99 (permalink)
Ill.
 
 
Posts: 11 since Nov 2010
Thanks: 1 given, 3 received

Is there a way to get the MA's the same color like on boomerang when they cross?

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  #100 (permalink)
Orlando, Florida, USA
 
Experience: Advanced
Platform: NinjaTrader, Thinkorswim
Broker: Optimus/Rithmic
Trading: ES
 
swish008's Avatar
 
Posts: 7 since Oct 2010
Thanks: 4 given, 3 received



inimical View Post
Is there a way to get the MA's the same color like on boomerang when they cross?

If your talking about the MA colors on the Boomerang Indicator, you can change those colors, linetypes and thicknesses in the settings. If you are talking about just loading two MA indicators and trying to get them to change color when they cross, I haven't found an indicator that does that, but I am sure they are out there. Indicator Warehouse may have one, there also may be others on the web.

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