Goomboo's Journal - page 39. | Bitcointalksearch.org

nmat

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Quote from: Timbo925 on February 23, 2012, 04:00:11 PM

I run sierra charts witch sends me an email when there is a crossover. Got an app on my phone witch detects the email form sierra charts and sounds an alarm.
Full automation is always risky because it can't detect false crossovers.

Nice system you have there Wink

Sorry, but I haven't read everything and I am not using this system. What is a false cross over? Is it when the lines just touch? I think that you could code something to act with a certain confidence degree.

Timbo925

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Quote from: nmat on February 23, 2012, 03:56:40 PM

Quote from: jojo69 on February 23, 2012, 01:02:08 PM

Obviously if you could enter and exit earlier you would capture a lot more of the move, the danger lies in reintroducing guesswork and emotion to the decision making process.

Speaking of which, did someone automate this process? Doesn't look very hard to do.

I run sierra charts witch sends me an email when there is a crossover. Got an app on my phone witch detects the email form sierra charts and sounds an alarm.
Full automation is always risky because it can't detect false crossovers.

nmat

hero member

Activity: 602

Merit: 502

Quote from: jojo69 on February 23, 2012, 01:02:08 PM

Obviously if you could enter and exit earlier you would capture a lot more of the move, the danger lies in reintroducing guesswork and emotion to the decision making process.

Speaking of which, did someone automate this process? Doesn't look very hard to do.

jojo69

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diamond-handed zealot

Quote from: Timbo925 on February 23, 2012, 05:23:01 AM

Love to get this tread back in action. Been using this system and been reading up on potential other systems.

Been thinking of using the second exit of bollinger bands and the RSI to confirm a oversold/overbought market to exit my position earlier.
And maybe figuring out a way to combine this with the 21/10 crossover. Just some toughs...

good luck...that is sort of the holy grail

Obviously if you could enter and exit earlier you would capture a lot more of the move, the danger lies in reintroducing guesswork and emotion to the decision making process.

Otoh

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OK, I'll stop unless I've a comment to add, just thought that it would be convenient for people from time to time to see some up to date ones here

M4v3R

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Otoh: What's the point of posting bare chart without any commentary here? Everyone can go to bitcoincharts.com and see it for himself.

Otoh

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Timbo925

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Love to get this tread back in action. Been using this system and been reading up on potential other systems.

Been thinking of using the second exit of bollinger bands and the RSI to confirm a oversold/overbought market to exit my position earlier.
And maybe figuring out a way to combine this with the 21/10 crossover. Just some toughs...

Goomboo

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Merit: 250

Quote from: shmadz on February 18, 2012, 04:04:48 PM

wow, I've only just read the first 5-10 pages and the last couple pages and just, wow.

Thank you for this Goomboo, I will need to read the rest and do my homework before I consider myself a "disciple of Goomboo" but to my initial glance, this seems solid, quantifiable and sound.

*note I'm a miner primarily, but now that I've built a solid base, I am considering gambling (trading) with the leftovers... ((only been selling half my production, until now,, maybe Wink

Thank you for the kind words,

It's been my sincere effort in this thread to try and give people a fighting chance of survival in the financial markets. I wish you the best and I truly hope that you do the necessary homework to protect your hard-earned money.

shmadz

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@theshmadz

wow, I've only just read the first 5-10 pages and the last couple pages and just, wow.

Thank you for this Goomboo, I will need to read the rest and do my homework before I consider myself a "disciple of Goomboo" but to my initial glance, this seems solid, quantifiable and sound.

*note I'm a miner primarily, but now that I've built a solid base, I am considering gambling (trading) with the leftovers... ((only been selling half my production, until now,, maybe Wink

Otoh

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lol, having a life - it's the W/E after all dood, bbl Grin

& Sunday even less charts, whichever way they happen to be moving, as I'm entertaining until EU evening time Wink

M4v3R

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Hm... I wonder why Otoh isn't pasting more charts screenshots here Roll Eyes

Goomboo

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Hourly traders - you should have been whipsawed a bit - lost 2 trades in a row for:

-8%
-1%

This shouldn't have been a surprise though - we knew through our testing that at best you will win only 40% of your trades.

You should now be short and sitting on a 4% unrealized profit.

notme

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Quote from: Otoh on February 17, 2012, 09:03:13 PM

Turtle! Turtle! Turtle!

Otoh

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stochastic

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Quote from: M4v3R on February 17, 2012, 10:32:54 AM

Quote from: stochastic on February 17, 2012, 08:20:23 AM

Quote from: M4v3R on February 17, 2012, 07:02:25 AM

Told ya.

I wonder what the backtesting would show if the opposite decision making was done:

When the EMA10 crosses over the EMA21, sell. When the EMA21 crosses under the EMA10, buy.

The system is good as it is. BUT if I were to trade using it, I'd include some criteria for exceptions - to not make a trade on certain conditions, where other indicators tell that there will be no reversal. That was clearly the case for the last crossover.

Also, using something only like an EMA crossover will give many false positives, especially in a non-trending market. That is why if I do use a moving average for my core trading system I will use some other tool that can spot divergences in non-trending markets.

waspoza

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Firstbits: 1waspoza

Quote from: ?? on ??

Quote from: RyNinDaCleM on February 17, 2012, 10:39:51 AM

But this system is meant to be simple. One indicator. One condition.

Simple is good for automation...

But I would not devote more than a fraction of my portfolio to it.

I wrote mql4 expert advisor based on this strategy and it brings profit. Tested it on Euro/USD pair on data from january. Making trades with fixed lot size (0.5) brings $11767.24 profit. I just modified a bit EMA values to 9/19 cause it gave me best results in january. Grin

Time period 15 min.

I can paste the code here if anyone interested. Below report from the test.

M4v3R

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Quote from: SkRRJyTC on February 17, 2012, 10:50:45 AM

I am finding that this "system" is much better at choosing entry points than exit points. Anyone else come to a similar conclusion? Any ideas for a good exit indicator?

Exactly my thoughts. Choosing exit point is always hard, but if you are looking for something simple, you could for example use profit cap - exit when you get more than 10% for example.

SkRRJyTC

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I am finding that this "system" is much better at choosing entry points than exit points. Anyone else come to a similar conclusion? Any ideas for a good exit indicator?

RyNinDaCleM

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Legen -wait for it- dary

But this system is meant to be simple. One indicator. One condition.

Topic: Goomboo's Journal - page 39. (Read 281461 times)