Mike
 

I create automated, industrial-grade algorithmic trading systems for my own use and share my journey with other traders who are interested. I call my automated systems 'Trading Minions'. It's easy to 'trade like a machine' when a machine is doing the trading. When I'm not thinking about trading systems, I make real machines, like steam engines. I also play a little ukulele. Well, all ukuleles are little, aren't they?

  • PGH says:

    Mike
    The coding for S&R has always been the Achilles Heel for many systems.
    I thought I saw on a MT4 or Metastock Forum recently some examples of some attempts at this.
    I suspect that it might not generate a binary answer – but maybe a probabilistic outcome in a “zone”.
    Either way if you were able to identify these narrow ranges to avoid – that would be handy 🙂
    Also could be a nice trigger too – i.e. breakthrough of the resistance zone or retracement away from it.
    Will wait with interest on you research.

  • PGH says:

    Mike .. good to see some consistency coming into recent weekly results.

    Any insights as yet as to why this might be the case – e.g. market type/ volatility etc?
    Wondering if there is anything that might be quantifiable as a market filter?

    • Mike says:

      Hi Peter,

      The main actor over the last couple of weeks has been strong moves in the USD as it appears to be weakening. So strong moves are Clipper’s friend, which is what the recent Moving Average/MACD filter was seeking to identify. The other factor that I’m studying is the price relative to local support/resistance. I’ve observed over the last few weeks that trades that open too close to support/resistance are mediocre or unsuccessful, whereas those that have plenty of space to support/resistance tend to be winners. I’m currently working on a method of objectively (i.e. mathematically) identifying these levels. Then I’ll have some data to research…

      Mike

  • >