SPX Trading Strategy for ThinkorSwim

[Hypoluxa]

I did not... have the limits/and stops... still in it though

You should've sold when it hit $3865 like it predicted.

 

[babouin77]

You should've sold when it hit $3865 like it predicted.

ES never got there... the highest was 3764

 

[Hypoluxa]

ES never got there... the highest was 3764

OH...you want ALL of it...ok. LOL

 

[babouin77]

OH...you want ALL of it...ok. LOL

just following the recommendations from that calculator to see if it is something to follow... the camrilla this morning worked like a charm as well on the up and down side... including the breakdown

https://imgur.com/a/x4rYVdN

 

[babouin77]

if macdbb turns red, im closing the remaining contracts ... so far still in it

 

[Martian]

@Noccm I ran into that earlier..no stop loss but went quickly down $200. I am going to run a separate 2 min chart and see if I can work on the entry within a 10 min candle. @Hypoluxa haha I cut way to early. Made a few hundred, could have made a few thousand. Got in around 1k, contract ran up to 4k. All in due time. Few hundred richer than I was : )

Oh man !! i did miss the same opportunity last time, got contract at 11 and went all way to 35, i was out with 200$ lol

 

[babouin77]

if macdbb turns red, im closing the remaining contracts ... so far still in it

Long entry was for 3 contracts on ES at 3751.5 and I Closed 2 remaining contracts (macd turned red) at 3753.. made $675 (1 contract) + $150 = $825 on ES using the GANN 9 calculator.

 

[Let the Bulls Run]

You should've sold when it hit $3865 like it predicted.

@Hypoluxa in regards to setting a stop, it appears to me that the best way to maximize the trade whether it be a long or short entry, is to get out of the trade when the ErgodicOsc changes colors. Are you finding that the GANN calculator is producing better results? (I'm still running some tests with Keltner Channels and various ATR settings).

 

[Hypoluxa]

Long entry was for 3 contracts on ES at 3751.5 and I Closed 2 remaining contracts (macd turned red) at 3753.. made $675 (1 contract) + $150 = $825 on ES using the GANN 9 calculator.

BAM!!! That's awesome!!

 

[Hypoluxa]

@Hypoluxa in regards to setting a stop, it appears to me that the best way to maximize the trade whether it be a long or short entry, is to get out of the trade when the ErgodicOsc changes colors. Are you finding that the GANN calculator is producing better results? (I'm still running some tests with Keltner Channels and various ATR settings).

From what I've seen so far, it can allow you to enter earlier once it begins its move towards the signal in this setup....its a leading indicator.

 

[DDW]

Anyone stay in this one all the way?

 

[DDW]

How do you use the TMO? Can we integrate it into the strategy?

The more I observe this strategy, the Ergo seems to mimic TMO. I don't think it's needed

 

[babouin77]

Anyone stay in this one all the way?

that was a good one but i exited with ATR...

 

[tom23824]

Why did u enter 3835 and not open price? Do you wait 15 mins after market open?

@bhaskar_madugula
reading through @Hypoluxa's posts, I believe, number does not have to be exact.
he used a reference of first red MACDBB dot's appearance and SMA cross over.
.
personally I am still stuck to the $1 target. maybe I will try Gann thing 2morow or maybe not!!!. depends on work.

 

[DDW]

Anyway to work the GANN calculator into the @barbaros strategy?

 

[babouin77]

Excellent job @babouin77. Now, you buy the beers today!

I am trying to understand this in your code:
MACD_Data crosses below 0 within BBCrossInBars bars;

BBcrossinbars is 3... and this is saying if macdata cross below 0 within 3 bars ago... for example today, it did not cross within 3 bars... what am I reading wrong?

https://imgur.com/a/uimbgjI

 

[barbaros]

I am trying to understand this in your code:
MACD_Data crosses below 0 within BBCrossInBars bars;

BBcrossinbars is 3... and this is saying if macdata cross below 0 within 3 bars ago... for example today, it did not cross within 3 bars... what am I reading wrong?

https://imgur.com/a/uimbgjI

Within 3 bars also includes the 0th bar, which is the current bar. The logic is that it crossed at least in the past 3 bars including the current bar.

 

[babouin77]

Within 3 bars also includes the 0th bar, which is the current bar. The logic is that it crossed at least in the past 3 bars including the current bar.

oh at least in the past 3 bars. got it. thanks a lot for your explanation.

Also I am thinking having an ATR to limit the profits while keeping the losses the same is not ideal for me. I will stick to macd exit for the time being from now on. i know it is an option in ur study... thanks for doing that.

 

[barbaros]

oh at least in the past 3 bars. got it. thanks a lot for your explanation.

Also I am thinking having an ATR to limit the profits while keeping the losses the same is not ideal for me. I will stick to macd exit for the time being from now on. i know it is an option in ur study... thanks for doing that.

Makes sense when market has long running trends like today's. You may also consider the ATR target to be move your stop loss to when the price starts closing above and the wicks are not touching it anymore, like a trailing stop loss. I have not tried this myself.

What I found myself doing today is to have a 6000t chart on the side to watch the price action. I also developed a strategy that draws the camarilla levels. Price action almost nailed these levels all day today.

 

[Hypoluxa]

Anyway to work the GANN calculator into the @barbaros strategy?

@germanburrito has created a separate discussion board for GANN: https://usethinkscript.com/threads/gann-square-of-9-indicator-for-thinkorswim.5816/
Lets use that location for what you're asking for, so it wont get all mixed into this strategy discussion.
@barbaros