Xiao si

Well after developing one valid system with Ninjatrader and one failure, and i am looking to switch to Multicharts so i can use Easy Language and code my own systems. Working with Ninja coders is very expensive and does not, in my view produce value. The coders simply look to maximise their time billed, and really don't have the client's interest at heart. I'm very disillusioned by the whole thing. This is not even to get into the license arrangement that NT allows, making it the favorite with coders and developers. Its a commercial platform, designed to sell products and services and does not serve the best interest of the retail trader in MY VIEW. So, i will start the trial of Multicharts today......any users of MC please feel free to give me lots of advice! XS

I must add this is a Ninjatrader script. Cheers, XS

Equity Curve of the final version ready for testing. Anyone wishing to test this system on the Hang Seng, please contact me. Cheers, XS

My apologies...not sure what i did incorrectly there... Here: Building Trading Systems Using Automatic Code Generation XS

Interesting article that those following this thread may find also find interesting. XS

I just read an article in Novembers Stock and Commodities magazine on this Tradestation Add-on. Very cool....There is a white paper as well that many should read, its on the site. They will have a NinjaTrader add on in the second half of the year. This guy is literally a rocket scientist! XS

For Trailing Stops, we can adjust the parameters in the system with the dialog box.... XS

For the second test we will change the target to 500. I have the system set to 'exit on close', so with such a large target the system either gets stopped out or exits on close. XS

For some system stop discussing i can present my simple pullback system with two stops. The first charts will show is the system with a 50 tick stop and 100 tick target. This is all to start discussion and not the settings that we would use to trade this system. I will post the trade summary and the equity curve. First, the 50 stop and 100 target.... XS

Its just a pullback, fear of missing out...

Great topic Tom. Good timing too ..And so goes the dilemma, exit too early and you see the trend go off and leave you behind,,,exit too late and you give back profits... Some things i like to do as a starting point for determining the best exit, from an intra-day POV. 1.) 2 x risk is the target 2.) Market on close This gives you an idea of how trend/counter trend the market tends to be. Use the scatter grams and go from there....don't forget that some markets trend during the morning and counter-trend in the arvo, and Visa Versa. If i get some time this week i'll post examples of my system with a few different types of exits....if y'all like. XS

Well your probably not going to like this either, but its got 5 points of slippage, and its trading one contract. Interestingly enough this system can produce profits in a variety of ways.:)Seems robust... Cheers, XS

Paper Trading account....that's why i complained for the 100 point 'slippage'. Given your comments i guess the only trick i have left is to optimize the trade management. I risk a curve fit, but i can save some data to walk forward on later. XS

With 1 point of slippage each way, on each contract, the systems profit is cut in half. See charts...

An equity curve with the system stop on it, and a trade summary of the original parameters.

Yes, i admit there is nothing that encouraging about the scatter gram. The profit factor needs to be increased or otherwise a bad trade could do just as you mention...and yes I'm familiar with the term Black Swan and actually Nassim Taleb's book of the same name....did you happen to read it as well? XS

Tams, thanks for the advice... IB's paper trading account would give me fills in SIM mode that were hundreds of points off market. When i queried them they said basically 'its a simulated market, what do you expect?' So for now i will need to use the sim account on NT. I do factor in slippage, the tests were run with default fills, not liberal. I will run more tests with more slippage and liberal fills and post the curve. One of the key factors in this system, as with most successful intraday systems is that it trades at the most liquid times, and that is part of the parameters you can adjust and test on. Also, the day of the week. The strategy does not place stops in the market, the orders are sent directly as they are triggered. Nevertheless I'm sure the big guns know that there are stops 10,20,30 points off market. Keep it coming....this is good stuff. XS

Thanks for the feedback Tams....yup...been watching the HSI for months, still quite skeptical about this system being able to tame it...thats why i will be testing forward on live data but using the Sim account only. I have another strategy that i'm developing to tak advantage of those big daily candles...err i hope. XS

Thanks.....I think I've got too much into Ninja for now...i think i will persevere and maybe take one of the courses and learn how to program some indicators first...you never know maybe i'll actually pick it up! XS

Well after another two months of trial and error...and error...we've got a system that tested out ok on the HangSeng. I'll post a trade summary tomorrow and an equity curve with a system stop as well. This system will go into live testing Monday morning, Shanghai time! Please feel free to critique, ask for more info etc. The tests were based on three contracts. The first two contracts were taken off at 1R, or stopped out. The third, if not stopped out uses a trailing stop. Its a pullback/trend following system that works on a 200 or 400 tick chart. It looks for an impulse move and then tries to hop on. This works well on the HangSeng, but the drawdown is still quite severe...those are HongKong Dollars btw. It carried over to the DAX reasonably well too with almost no changes to the settings, although its much more effective short and would need a different entry for longs to be really effective, comfortable. Cheers, XS

I'm almost tempted to try Tradestation. Easylanguage looks so much easier than NinjaTraders language. I love NinjaTrader, its just that i have to outsource my coding and it gets expensive for long extensive coding....another reason to keep it simple. I have a lifetime license to NT, so thats enough encouragement to persevere i guess. Whats Tradestation cost to use? Cheers, XS

ROTFLMFAO!!!!!!!!!!!!!:rofl:

Many many thanks....i also slapped an ATR on my daily chart and got a good picture of the volatility but this is much better. Thanks again! Here is my backtest... three year equity curve....the reason for wanting to look at the VIX. XS

Hello fellow traders. Would someone be kind enough to post a 5 year continuous chart of the VIX for me....having trouble finding on online and i need it to check a theory..... Thanks in Advance! XS

Trust your testing. If you need the name of a good trading coach to get you through this let me know...PM me. Cheers, XS