ASAP (As Simple As Possible) Strategy for ThinkorSwim

[slowmohockey]

Ah ha! Everything look right? https://drive.google.com/file/d/1ujOsWPn0Wla_foYxDViYH9OdIWqQm_WW/view?usp=share_link

Adding the floating PL should not affect anything right? Also, should work on micro's /MGC right? Looks like it when I added the floating PL

 

[dap711]

Adding the floating PL should not affect anything right? Also, should work on micro's /MGC right? Looks like it when I added the floating PL

Yup, it will work on any finacial instrument but you will have to find the best settings for each. Now that you have it working, you can add any study you want.

 

[slowmohockey]

Two questions. And I really appreciate your time.
1. This trade doesn't look right. After entering at 1(10) - buy to open, Wouldn't the first dotted line point to the top of the 3(30) bar - sell to close?
2. Is a 0(0) no trade?
https://drive.google.com/file/d/17zEs4cjkApdxFaTpi2xXMzY-nOk8qnyd/view?usp=share_link

 

[dap711]

Two questions. And I really appreciate your time.
1. This trade doesn't look right. After entering at 1(10) - buy to open, Wouldn't the first dotted line point to the top of the 3(30) bar - sell to close?
2. Is a 0(0) no trade?
https://drive.google.com/file/d/17zEs4cjkApdxFaTpi2xXMzY-nOk8qnyd/view?usp=share_link

I can't tell you why your system is opening 3 trades .. it shouldn't be .. if your settings are the same as mine. Maybe because you are trading paper? I have gone into detail about trading paper in the Moving Average Master thread. The 1(10), 2(20), and 3(30) is the strategy opening trades, and a 0(0) is when it closes the trade(s).

 

[mailbagman2000]

/MES chart at 1D - 1M
Backtest at 1, Length 7
SMI Lower, length 4
Floating P/L = $362.50
0930 - 1100 EST

can you share your chart for this?

 

[slowmohockey]

I can't tell you why your system is opening 3 trades .. it shouldn't be .. if your settings are the same as mine. Maybe because you are trading paper? I have gone into detail about trading paper in the Moving Average Master thread. The 1(10), 2(20), and 3(30) is the strategy opening trades, and a 0(10) is when it closes the trade(s).

Ok dap, you’ve been very generous with your time. I’ll leave you alone and play with the settings throughout the week. Thank you again for this strategy. Look forward to going live. As I said, I’ll continue to post updates.

 

[slowmohockey]

can you share your chart for this?

Mailbag here's my setup. It's basically yours with a few modifications. I added the TMO. https://tos.mx/hLrGKFh
I'm going to simplify this, drop a few indicators, once I'm comfortable with what I'm doing.

 

[slowmohockey]

Jan 25
/MES chart at 1D - 1M
Backtest at 1, Length 7
SMI Lower, length 4
Floating P/L = $357.5
46 Trades - Tasty Com & Fees - 1.47 per contract = $67
0930 - 1600 EST
Current Setup https://tos.mx/cTwQgMS
@Dap, this setup is slightly different that your updated one but seems to work well on /MES.
CC Mailbag

 

[slowmohockey]

Jan 25
/MGC chart at 5D - 1M
Backtest at 1, Length 7
SMI slow length 83
Trend length 181
Floating P/L = $215
21 Trades - Tasty Com & Fees - 1.67 per contract = $35
0930 - 1600 EST
Current Setup: https://tos.mx/4Bh2YHu
@Dap, this is your "updated" MasterAvg I used for the *money products

What I need to learn is how to Macro-Record on Tasty I just downloaded Macro recorder to try to figure it out.

 

[graci117]

Jan 25
/MGC chart at 5D - 1M
Backtest at 1, Length 7
SMI slow length 83
Trend length 181
Floating P/L = $215
21 Trades - Tasty Com & Fees - 1.67 per contract = $35
0930 - 1600 EST
Current Setup: https://tos.mx/4Bh2YHu
@Dap, this is your "updated" MasterAvg I used for the *money products

What I need to learn is how to Macro-Record on Tasty I just downloaded Macro recorder to try to figure it out.

How do you make sure that the trade is exited at the close of the session? Also how do you trade 9:30-1600?

 

[MerryDay]

How do you make sure that the trade is exited at the close of the session? Also how do you trade 9:30-1600?

Did you know that by clicking on a member's name, you can easily check when they were last seen on the uTS forum? It's a great way to keep track of who's been around recently, and who hasn't. Speaking of which, it looks like @slowmohockey is no longer active.

@Tomahawk6117 has been using this conditional order added to his trades to close them out at end of session.
https://usethinkscript.com/threads/conditional-orders.15256/#post-124244
Perhaps you will be able to modify it to your needs.