SPX Trading Strategy for ThinkorSwim

[babouin77]

Bummer...

Do you have it so when the 10min candle closes, it enters in trade where there are 2 targets? If so, do you have it move your stop loss automatically when the first target is met?

yeah i have it on bar close. it enters 2 contracts... the first is a quick 12 tick scalp for 150$ profit, and the second until macd turn red and it close at the close of the candle. there are no stops, the stop is when macd turn colors. just like the one in TOS.

 

[barbaros]

yeah i have it on bar close. it enters 2 contracts... the first is a quick 12 tick scalp for 150$ profit, and the second until macd turn red and it close at the close of the candle. there are no stops, the stop is when macd turn colors. just like the one in TOS.

Got it...Pretty close to what I am manually doing with ToS, but it would be great to do it automatically.

Also, it seems like you are running another strategy that includes the extended hours with GANN9 targets on MACD colors?

 

[babouin77]

Got it...Pretty close to what I am manually doing with ToS, but it would be great to do it automatically.

Also, it seems like you are running another strategy that includes the extended hours with GANN9 targets on MACD colors?

so for this one in NT i have ES loaded RTH only to mimic spx,.... but for gann9 or camarilla yes i use instrument settings in the data series.

 

[DDW]

Market with many Crazy Ivan moves this week, waited until Friday to pull the biggest one.

 

[tradeidea20]

Advanced Camarilla Trading Calculator worked perfectly today, whoever mentioned it thanks to them. It said go short at 3802.00 and long at 3736.00. Perfect entries

here do i find this? can you please explain this in more detail? thnks

 

[rfb]

here do i find this? can you please explain this in more detail? thnks

Here you go: https://www.pivottrading.co.in/pages/advancedCamarilla.php

My apologies, but forgot who posted this link earlier.

You should see a blue "Help Document" area to download further info for review and usage.

 

[tradeidea20]

Here you go: https://www.pivottrading.co.in/pages/advancedCamarilla.php

My apologies, but forgot who posted this link earlier.

You should see a blue "Help Document" area to download further info for review and usage.

are you using on SPX? or es and nq as well? thanks

 

[bhaskar_madugula]

are you using on SPX? or es and nq as well? thanks

You can Advanced Camarilla Trading Calculator on any ticker

 

[Hypoluxa]

You can use this on any ticker

just make sure you aren't using this SPX setup as it is for every ticker tho.

 

[DDW]

SPX taking a breather today, and so are we!

 

[bhaskar_madugula]

SPX is very choppy today, frustrating

 

[DDW]

SPX is very choppy today, frustrating

Yes, but would be even more frustrating if we were caught in this chop. This strategy is keeping us out of it.

 

[rfb]

Could be close to a short entry on the SPX. Anyone looking to enter?

 

[bhaskar_madugula]

I just entered short

 

[tom23824]

I just entered short

I want my money back! lol!
Now they are dumping it!

 

[Noccm]

Confirming that I understand the strategy correctly: Is it right to say that technically that short signal got stopped out for a loss when the MACD dot changed colors on the 2:20pm candle even though the downtrend continued after that candle?

 

[DDW]

Confirming that I understand the strategy correctly: Is it right to say that technically that short signal got stopped out for a loss when the MACD dot changed colors on the 2:20pm candle even though the downtrend continued after that candle?

Yes, that was the correct exit even though it wasn't the correct exit. LOL you know what I mean

 

[barbaros]

Confirming that I understand the strategy correctly: Is it right to say that technically that short signal got stopped out for a loss when the MACD dot changed colors on the 2:20pm candle even though the downtrend continued after that candle?

This is originally a scalping strategy. We started thinking there might be a good way to catch longer trades if we look at the MACD dots for exit or stop loss. If you look at the confirmed sell signal from today, if you executed the trade at the bar was closing and scalped a 1 point move, it would have been a winning trade. If you let it ride with MACD dots, it would have stopped you out and then it reversed back to the short side after hitting a resistance level. Moving averages never crossed. They kept showing short. ErgodicOsc kept showing short. So, as @Hypoluxa was saying earlier, there is no specific exit strategy. You need to decide to exit or stomach the bounce backs and stay in the trade.

 

[Arkitekt]

This is originally a scalping strategy. We started thinking there might be a good way to catch longer trades if we look at the MACD dots for exit or stop loss. If you look at the confirmed sell signal from today, if you executed the trade at the bar was closing and scalped a 1 point move, it would have been a winning trade. If you let it ride with MACD dots, it would have stopped you out and then it reversed back to the short side after hitting a resistance level. Moving averages never crossed. They kept showing short. ErgodicOsc kept showing short. So, as @Hypoluxa[/USER was saying earlier, there is no specific exit strategy. You need to decide to exit or stomach the bounce backs and stay in the trade.
[/QUOTE]
From how I see it and understand the strategy to unfold, the entry was at 14:00 and NOT 13:50. The first dot to clear the zero line was on the close of the 13:50 bar. The 14:00 bar then went high. Totally agree on this being a scalping strategy and there are a lot of other examples where if you got in at the open of the "trade" bar you could scalp and get out before a change of direction, but I don't see this being one of them.

Help me out. What am I missing?

From how I see it and understand the strategy to unfold, the entry was at 14:00 and NOT 13:50. The first dot to clear the zero line was on the close of the 13:50 bar. The 14:00 bar then went high. Totally agree on this being a scalping strategy and there are a lot of other examples where if you got in at the open of the "trade" bar you could scalp and get out before a change of direction, but I don't see this being one of them.

Help me out. What am I missing?

 

[bhaskar_madugula]

I hold it until end got some profit