Moxie Indicator for ThinkorSwim

[JTex]

@Slippage Did you find value in TG's checklist that he provides in the training?

 

[Slippage]

@Slippage Did you find value in TG's checklist that he provides in the training?

No. I haven't opened that file since my first week in the training/mastery. I looked at it again now in order to answer your question. I find his checklist extremely lacking. It's sort of high level like he just jotted some stuff down quickly because the boss told him he had to make a checklist.

I'd recommend making a list of criteria for each timeframe based on what he talks about in his YouTube videos and make none of it optional. All of the concepts he mentions in the videos are important. The double-bottom "elf shoe" pattern with Moxie divergence, various interactions with the MAs, especially on one hour chart. I've seen a lot of his trade alerts fail when he broke the "don't trade the X" rule, though those were also poor choices of stocks to go long in. Your end result will be a lot more thorough than his provided checklist and actually usable to make go/no-go decisions about trades.

One exception is the trampoline setup. It's not important. It's not a requirement. It's not reliable enough to trade as a separate setup. Consider that one an optional, nice-to-have criteria as part of the main strategy.

 

[Golden Slacks]

@Slippage I didn't renew my Moxie Mastery, I believe we joined at the same time this year. Terrible time to join, his overall returns were negative, and he doesn't go short. Overall the Gold room provides what I need and better return. TG going for those low cap mid-cap stocks in this type of market never works. Of course, he did well when the market was ripping.

 

[Slippage]

@Slippage I didn't renew my Moxie Mastery, I believe we joined at the same time this year. Terrible time to join, his overall returns were negative, and he doesn't go short. Overall the Gold room provides what I need and better return. TG going for those low cap mid-cap stocks in this type of market never works. Of course, he did well when the market was ripping.

I don't think it's a small/mid cap vs large cap issue. I've been through a lot of charts lately while tweaking scripts for a strategy and I saw a lot of small/mid caps that ran. He just wasn't looking at them. I think the problem is he clung onto the stocks that did well in the months prior instead of looking at which sectors are actually moving.

Another member in there who I have contact with elsewhere says TG's still mainly watching those same stocks and talking about how "our old friends are starting to come to life". It seems he expects now that these stocks have pulled back almost to where they started they're going to shoot to the moon again. When they ran before it was because Dems took the Whitehouse. There's no catalyst for those stocks now until some of them benefit from the infrastructure bill and whatever it provides for EV charging and such.

Near the end of my time in mastery I copied TG's entire trade spreadsheet and ran some calculations on it. Taken as a whole the % gain is very impressive. Remove Apr 2020 through Jan 2021 and it's a lot less impressive. In a normal market he's profitable but nothing special. At the time my interest in Moxie started I was also looking at Raghee's Sector Secrets stuff. I should have signed up for that instead. She has a much better handle on the big picture and moved her trades into the right sectors and commodities when the market started to shift. I guess that's her 30+ years experience vs his 5 or 6. I have no plans to give Simpler any more money, though.

 

[Golden Slacks]

I don't think it's a small/mid cap vs large cap issue. I've been through a lot of charts lately while tweaking scripts for a strategy and I saw a lot of small/mid caps that ran. He just wasn't looking at them. I think the problem is he clung onto the stocks that did well in the months prior instead of looking at which sectors are actually moving.

Another member in there who I have contact with elsewhere says TG's still mainly watching those same stocks and talking about how "our old friends are starting to come to life". It seems he expects now that these stocks have pulled back almost to where they started they're going to shoot to the moon again. When they ran before it was because Dems took the Whitehouse. There's no catalyst for those stocks now until some of them benefit from the infrastructure bill and whatever it provides for EV charging and such.

Near the end of my time in mastery I copied TG's entire trade spreadsheet and ran some calculations on it. Taken as a whole the % gain is very impressive. Remove Apr 2020 through Jan 2021 and it's a lot less impressive. In a normal market he's profitable but nothing special. At the time my interest in Moxie started I was also looking at Raghee's Sector Secrets stuff. I should have signed up for that instead. She has a much better handle on the big picture and moved her trades into the right sectors and commodities when the market started to shift. I guess that's her 30+ years experience vs his 5 or 6. I have no plans to give Simpler any more money, though.

Raghee is a very impressive trader. Not sure if you were ever in the Option Gold when Taylor Horton arrived. Taylor only focuses on selling premium and at extended ATR ranges or at the 21. He's very consistent, and a good addition instead of those chasing direction with these bloated premiums.

 

[Slippage]

Raghee is a very impressive trader. Not sure if you were ever in the Option Gold when Taylor Horton arrived. Taylor only focuses on selling premium and at extended ATR ranges or at the 21. He's very consistent, and a good addition instead of those chasing direction with these bloated premiums.

I've never paid ST for anything except Moxie training and Moxie Mastery so I've never been in the other rooms. I'm familiar with Taylor from his Focused Trades youtube channel, though. I subscribed when I was considering trading squeezes. I found that channel before I realized Taylor joined ST.

 

[Golden Slacks]

I've never paid ST for anything except Moxie training and Moxie Mastery so I've never been in the other rooms. I'm familiar with Taylor from his Focused Trades youtube channel, though. I subscribed when I was considering trading squeezes. I found that channel before I realized Taylor joined ST.

Ok. His youtube is all you need then. He's active there and on his twitter.

 

[tjlizwelicha]

At this point my opinion is there's a little bit of knowledge in the class and in Mastery content beyond what's on YouTube but not much. The class is structured better for learning and I feel I have a firmer grasp on the content after watching the class videos. Between that and having the checklist the strategy feels more actionable. But a big part of that is because before taking the class I wasn't sure how much knowledge/criteria he was holding back for YouTube. Now I know the YouTube videos really aren't missing much.

If you're going to pay for anything, since you already have the indicator from this thread, I'd say skip the classes, including whatever live class events come up, and just get the Moxie Mastery subscription. Mastery has 20 short (8 minutes to 38 minutes for the ones I watched) videos covering almost all of the same concepts as the class and some things not covered in class. Be sure to watch all of the videos in the Mastery Learning Center. The order in which they list those videos is less than ideal, though.

One caveat... the videos in Mastery, based on their titles, don't seem to cover divergence at all which is more important than you might guess. It may be covered in the live trading videos I haven't watched yet but, if not, you can find it discussed in many of his YouTube videos. You can save the money you would otherwise spend on the class by watching the YouTube videos until you understand not just what divergence is and what it looks like but also what it communicates and why it's important. Divergence isn't just a Moxie thing but is also common with RSI and other indicators so if you feel like you're not getting a firm understanding from Moxie videos, try researching RSI divergence or whatever other trading-related divergence stuff you can find on YouTube.

I think of it like this... if you pay for the class it's 7.5 hours of training and 9 hours of live trading videos. That's 16.5 hours. If you watch 16.5 hours of his YouTube videos instead, only the ones where he's showing stock after stock, you'll have probably 97% of the same knowledge for the same time invested and no money spent. Moxie Mastery gives you another 2% of that knowledge, plus some other stuff, and now you're just missing 1% of what the class would have taught you. Whatever that 1% is, it's not the secret sauce and it's not worth the price of the class. I think most people (this isn't directed at anyone in this discussion) don't have the self discipline to watch 16.5 hours of videos whether they paid for them or not.

Mastery includes a PDF labeled as a Glossary. It's the same one provided in the class. Glossary sounds unimportant and I almost didn't bother to look at it. The glossary is only the first page of the PDF. It also has the checklist of criteria for taking trades.

If, after watching everything in the Mastery Learning Center and at least some of the recorded live trading sessions or YouTube videos, you feel like you're still missing something then you have the chatroom members and TG himself you can ask for help. If all else fails, maybe the class would be beneficial for you since it does spend more time on each concept.

I'm not sure yet if the chatroom is useful beyond being able to get answers from Watkins directly and in near-real-time. If you're imagining an army of well-trained Moxie soldiers scouting the market and calling out a steady stream of good setups you're way, way off. Maybe it's because the market has been down and a little crazy since I joined but there's very little Moxie talk so I haven't been paying too much attention. I've noticed 5 main things in chat.

1. Q: Where is the recording from the class last weekend. A: Did you look in the F-ing dashboard? (F-ing is really my addition. The people there, including TG Watkins, are nice and have a lot more patience for stupidity and laziness than I do.)

2. @TG how about $XYZ? (which meets literally zero of the criteria) Answer from TG: "It's not ready yet". My answer would be something more like "GTFO out of this room and don't come back until you've watched all of my videos at least 3 more times each"

3. Some members are day trading together and it's not clear to me if they're using Moxie at all in those trades but I'm guessing not. Their chatroom software doesn't support direct messaging so it's all tagged @ each other in the chatroom.

4. Discussions about market cycles and a tool named Sentient Trader.

5. Other Simpler Trading stuff.

I posted a list of 5 symbols the other day asking for anyone with experienced Moxie eyes to tell me if they wouldn't be good trades and no one responded. I'm sure TG would have responded if I tagged him in the question, though he's on a ski trip for a few days and not available the entire day right now.

Thank you for taking the time to share. I appreciate it.

 

[Herbee]

Can someone post the code for AA_moxie_norepaint?

 

[Slippage]

Thank you for taking the time to share. I appreciate it.

You're welcome. I wrote a mid-subscription review and final review in this thread as well. If you care to save some money those will probably scare you out of paying for Mastery.

For what it's worth, I have contact with someone still in Mastery and TG's red streak is still ongoing. It's getting super amateurish with things like alerting for everyone to remove a stop loss because it might get hit. He's done that twice now. The first ended in a bigger loss. The second is still open and getting more red each day. Though, I guess the last one was worded as, "I'm removing my stop. Do what's right for your account."

 

[Slippage]

Can someone post the code for AA_moxie_norepaint?

https://usethinkscript.com/threads/moxie-indicator-for-thinkorswim.369/page-11#post-54662

 

[Herbee]

https://usethinkscript.com/threads/moxie-indicator-for-thinkorswim.369/page-11#post-54662

tThanks very much. Do you also have the code for moxieslippage. In you opinion which one works better?

 

[Slippage]

tThanks very much. Do you also have the code for moxieslippage. In you opinion which one works better?

https://usethinkscript.com/threads/moxie-indicator-for-thinkorswim.369/post-53789

This version of Moxie is an exact clone of the real Moxie. Mathematically the result is exactly the same as the real thing. This one is better than the official Moxie code because this one is a single script that works on all standard timeframes. If you buy Moxie they give you a different script for every timeframe TG Watkins uses. He's the one who created Moxie. He's not a programmer type and he didn't know how to handle the timeframes.

This version also handles what TG Watkins calls the trampoline setup, which the official Moxie doesn't, and this one has SqueezePro also built in.

The difference between the two links I've now given you is the smooth version doesn't repaint. The official Moxie and the clone linked in this message can give you a signal today and when you look tomorrow today's signal can be gone. That makes it harder to accurately back test and it makes Moxie look smarter than it is. The smooth one doesn't do that. The smooth one also performs better when you change symbols in your charts because it's not accessing a second timeframe like the real Moxie and the clone do. However, the smooth one's result is mathematically slightly different and can sometimes be slower to give you a signal.

 

[Herbee]

Thanks so much for the info and a fantastic explanation. Thanks for taking the time to respond in such detail. Very much appeeciated!!

 

[sunnybabu]

@Slippage I read somewhere in this thread on your venture to auto trade. I'm in the midst of developing a Python based BOT and wanted to bounce some ideas on what strategy is the most efficient that your would recommend as a BOT. As Always Many Thanks

 

[Jonas99]

https://usethinkscript.com/threads/moxie-indicator-for-thinkorswim.369/post-53789

This version of Moxie is an exact clone of the real Moxie. Mathematically the result is exactly the same as the real thing. This one is better than the official Moxie code because this one is a single script that works on all standard timeframes. If you buy Moxie they give you a different script for every timeframe TG Watkins uses. He's the one who created Moxie. He's not a programmer type and he didn't know how to handle the timeframes.

This version also handles what TG Watkins calls the trampoline setup, which the official Moxie doesn't, and this one has SqueezePro also built in.

The difference between the two links I've now given you is the smooth version doesn't repaint. The official Moxie and the clone linked in this message can give you a signal today and when you look tomorrow today's signal can be gone. That makes it harder to accurately back test and it makes Moxie look smarter than it is. The smooth one doesn't do that. The smooth one also performs better when you change symbols in your charts because it's not accessing a second timeframe like the real Moxie and the clone do. However, the smooth one's result is mathematically slightly different and can sometimes be slower to give you a signal.

Hi @Slippage, thanks for sharing your work. Can you explain why the divergence here on the 5min chart between price and the moxie line? And how should we read into the divergence? and @J007RMC

https://imgur.com/a/1f4CHap

 

[Slippage]

@Slippage I read somewhere in this thread on your venture to auto trade. I'm in the midst of developing a Python based BOT and wanted to bounce some ideas on what strategy is the most efficient that your would recommend as a BOT. As Always Many Thanks

That was something I was considering as a solution to stop day trading but I decided to swing instead. So I can't speak from experience of having automated trades successfully and profitably but I can offer my thoughts.

What I had envisioned as a process to build the automation is as follows:

1. Create the strategy as a TOS strategy script. I'm comfortable in ThinkScript and this gives me a visual way to validate the code on the charts.
2. Back test using that script, tweak rules, test additional filters, etc. until I'm content with the outcome.
3. Convert the code to TradeStation's EasyLanguage. That platform allows fully automated trading. I believe you can have it still prompt for confirmation before orders are sent, which would be a good safety net for the initial trades.
4. Once I'm comfortable that the script isn't going to do anything crazy to my account, get rid of the prompts.
5. Maybe eventually rebuild it as a separate application using the API of whatever broker.

I'd recommend at least doing steps #1 and #2 if you haven't done that already.

For strategies to automate, use something that's easily expressed in code and has completely objective rules. And as few timeframes as possible. The strategy that goes with Moxie is the opposite of all those things. Requires 3 timeframes. Requires successful retest of moving averages. That sounds like it would be simple but how far will you allow it to fall through the MA before bouncing? How many bars will you allow it to close below MA before bouncing? Sometimes it bounces just above the MA. How many bars after it initially crossed the MA should we consider it a real retest vs still part of getting over the MA? There's a lot of subjectivity. And divergence... there are some ways to sort of capture that in code but nothing I would trust with my money.

I also would only use bracket (OTOCO) orders so the automation is only triggering an entry order that already has stop loss and targets attached. At least a stop loss. I don't want any kind of outage or crash or network glitch to prevent my exit. I want to be able forget about this thing other than counting my massive piles of money at the end of each day. I don't want to babysit.

 

[Slippage]

Hi @Slippage, thanks for sharing your work. Can you explain why the divergence here on the 5min chart between price and the moxie line? And how should we read into the divergence? and @J007RMC

https://imgur.com/a/1f4CHap

Sure, I'll explain. You may also want to hit YouTube for a deeper understanding. There are a few indicators commonly used to see divergence (RSI, MACD, etc.) so there should be plenty of content. The general idea is price is going one way and momentum is going the other way. Most often, but not always, this leads to a correction in price to follow the momentum.

There's two things I watch for...

One is the slope of a trend, like you're asking about. They may be sloped in opposite directions. One might be going up or down while the other remains flat. Or they may slope the same direction but one shallower than the other. This is the case for your examples and also earlier in the chart leading to where Moxie first crosses below zero. In the first and last case it led to minor pullbacks which resolved the divergence. Look where Moxie first turns red on your chart and falls from the high all the way below zero. While that was happening, price was making a new high and then gave up almost all of that gain.

The other thing I watch for is higher highs vs lower highs and lower lows vs higher lows. The absolute high of your chart was followed by a slightly lower high in price but on Moxie it was much lower. Price crashed from there.

Don't catch falling knives based on divergence. It's not reliable enough for that. Instead, wait for a double bottom (or top for short plays). Look for slope divergence leading into that double bottom/top. You have that in the middle of your chart. Price fell at a steeper angle than Moxie did. Within the double-bottom, the first bounce and then the lower low, Moxie didn't go lower on the second bottom like price did. That's a positive (upward) divergence on the second low and will likely lead to price going higher. which it did here. Moxie also continued higher through the next pullback.

Like anything else in trading, it doesn't work all the time.

 

[bbalkis]

Do you have short version of your Trigger scan?

 

[Herbee]

I am trying to create a scan which identifies when the Moxie stairstep reverses direction. When I create a scan asking to show mw when the current moxie direction reversed direction from the prior day I get an error message that states ""secondary period not allowed Week. Any suggestions how to get around this?