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Dear fellow traders,
I have been developing a trading system now for a long time. It uses
volatility and breakouts to enter and exit the market. Many trades are
profitable in many different markets. However, it tended to trade against
the trend giving a lot of loosing trades and in order to stop that I
incorporated a simple MA filter that makes the system only give sell orders
if the MA x days ago is higher that todays MA. This works fine, but in very
short ranging markets the system gets really whipsawed, especially on the
S&P. The enclosed JPG file clearly shows this. In a clear trend the signals
are good, but it gets totally whipsawed in other periods.
I know this is probably the most common problem for a system, but does
anyone have any good advice about indicators that can be used in limit the
number of whipsaw trades? I tried using ADX, however I found it to exclude
to many profitable trades. However, I used a simple ADX rule which I first
read in the old classic "Technical Analysis of the futures markets" by
Murphy (I think that was the title) where I programmed my system only to do
trades if the ADX was above a certain number. There may be other better
ways of using the ADX?
Any comments welcome.
Attachment Converted: "c:\eudora\attach\whipex.gif"
Best greetings,
Frode L. Aschim
Email: frode@xxxxxxxxxx
Thought of the day:
"I've never been poor, only broke. Being poor is a frame of mind. Being
broke is only a temporary situation." -Mike Todd, 1958From ???@??? Thu Sep 17 07:48:42 1998
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Date: Thu, 17 Sep 1998 09:08:19 -0400
Reply-To: knight@xxxxxxxxxxxx
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From: Walt Downs <knight@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: ELA - Shark code
References: <6ffaecf7.36011331@xxxxxxx>
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Hi Bob and All,
When coding the function for the "Shark - 32 " indicator from this
month's article in TASC magazine,
please make sure the Return Type is set to "True/False" If you don't do
this, the function will only accept numeric values. Ergo, you will get
an
"arithmetic error" on the last line of the code.
To change the setting, open the function and click on the
"attributes" icon . Under "Return Type", select "True/False".
Now TS will correctly interpret the use of the term "true" and
"false" in the function code.
Regards,
Walt Downs
CIS Trading
BobRABCDEF@xxxxxxx wrote:
>
> Anone have the corrections to Walt's Shark code on page 60 of the October
> TASC?
> Do the TRUE and FALSE have to be defined or just changed to "1" and "0"? Also
> at the end of the system there is an "End" error.
>
> Thanks,
> Bob
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