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Steve,
that was what I call non-tradable range. If it is not a mechanical system, I
stop trading
when you get double top & double bottom in ~6 pt range. I call it 2T or 2B
if the difference
betw them is max 1 pt nad they are spaced at max 6 min distance.
If it is a mechanical system, you have to code the above requirements.
Jan Philipp
----- Original Message -----
From: "Steve Gibbons" <sg27@xxxxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Monday, May 19, 2003 6:24 AM
Subject: Choppy conditions
> Hi,
>
> I was working on a strategy, but can't seem to find the right conditions
to
> prevent it from trading in a choppy market. I'm working with an ES 2
minute
> chart. A good example of what I'm talking about is 5/7 from about 12:30 CT
> to the close.
>
> ADX doesn't work, the choppiness index doesn't work. What I found that
> works somewhat is looking at the change in slope of a linear regression
line .
>
> Does anyone have any suggestions?
>
> Thanks,
>
> Steve
>
>
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