SH's Intraday Strategy - ELH5

[poortrader]

System works only when we have strong trend in one direction and idea is to buy the retracement.

To identify the strong trend and direction of that trend...we can use ST's pop corn indicator and trade only on that direction. Results should be impressive...! bar replay and find out and let us know....!

i checked for last one week only as i hav 5min data only for that time (from free source) and got only around 3 negative trades with around 5 points loss and rest 5 trades giving us 300+ points:clapping:
kindly chk the attachment

 

[linkon7]

i checked for last one week only as i hav 5min data only for that time (from free source) and got only around 3 negative trades with around 5 points loss and rest 5 trades giving us 300+ points:clapping:
kindly chk the attachment

You need to test it for atleast 1 year...only then u'll have enough conviction to put real money to trade it... Issue is..when system goes though a bad patch..you need to be convinced of the system's overall performance...

 

[trader.trends]

System works only when we have strong trend in one direction and idea is to buy the retracement.

To identify the strong trend and direction of that trend...we can use ST's pop corn indicator and trade only on that direction. Results should be impressive...! bar replay and find out and let us know....!

Linkon, can you point to the link of that indicator, please?

 

[poortrader]

You need to test it for atleast 1 year...only then u'll have enough conviction to put real money to trade it... Issue is..when system goes though a bad patch..you need to be convinced of the system's overall performance...

well i would love to test it for even 2 years but not able to get data beyond 5 days for intraday testing, if someone who has data could test it would be great.
My thoughts
1. The ST Popcorn could be used as trend decider
2. We add one lot only when trend is extreme (bullish or bearish as indicated by ST Popcorn indicator)
3. we allow profits to run till we get sell or buy trigger in opposite direction
4. original sl of 20 points will come handy in case of extreme case (which should be only small percentage as we are only taking position with the trend)
5. we do not take trades opposite to trend, meaning if ST POP is showing extreme bullishness we do not sell even if we get sell signal
6. idea is to decrease number of trades, increase reward:risk and flow with the trend,and maybe we can avoid some whipsaws in the process.
if anyone could take the pain of atleast checking it for 1 year we can see the results in the bad phases.
plz find the afl of popcorn indicator attached

 

[poortrader]

please find the link to popcorn indicator afl

http://www.traderji.com/wandering-mind/52161-we-love-tj-system-wlts.html

 

[poortrader]

http://imageshack.us/photo/my-images/823/niftyelh5stpop26to29aug.png/

http://imageshack.us/f/153/niftyelh5stpop30augto02.png/

 

[linkon7]

well i would love to test it for even 2 years but not able to get data beyond 5 days for intraday testing, if someone who has data could test it would be great.
My thoughts
1. The ST Popcorn could be used as trend decider
2. We add one lot only when trend is extreme (bullish or bearish as indicated by ST Popcorn indicator)
3. we allow profits to run till we get sell or buy trigger in opposite direction
4. original sl of 20 points will come handy in case of extreme case (which should be only small percentage as we are only taking position with the trend)
5. we do not take trades opposite to trend, meaning if ST POP is showing extreme bullishness we do not sell even if we get sell signal
6. idea is to decrease number of trades, increase reward:risk and flow with the trend,and maybe we can avoid some whipsaws in the process.
if anyone could take the pain of atleast checking it for 1 year we can see the results in the bad phases.
plz find the afl of popcorn indicator attached

Good...! now your next task is to find data for last 1-2 years so that YOU can test it. If i were in your shoes, i won't rely on anyone's backtest result other than mine, since it will be my money on the line every time i take a trade. I need confidence on the system i am going to trade and only I can bring that on the table...!

 

[poortrader]

Good...! now your next task is to find data for last 1-2 years so that YOU can test it. If i were in your shoes, i won't rely on anyone's backtest result other than mine, since it will be my money on the line every time i take a trade. I need confidence on the system i am going to trade and only I can bring that on the table...!

thanx, yes am trying to find the intraday data.

 

[poortrader]

@ Linkon
how do u suggest to use ATR based exits for this system, i found some previous data, will backtest it along with ATR based exit, if you can suggest the idea.

 

[linkon7]

@ Linkon
how do u suggest to use ATR based exits for this system, i found some previous data, will backtest it along with ATR based exit, if you can suggest the idea.

Strength of the system is it's predetermined entry / exit / stop loss.... where on some days... market moves 80 points in one direction and this setup captures 3 trades of 20 each on the same direction.

Any ATR based stoploss will ruin the edge of this system.

Again, its just my opinion and you have to judge it yourself, from your experience based on what you observe on historical prices.