SPX Trading Strategy for ThinkorSwim

[VictusJogi]

You can sign up at ninjatrader.com its free. I have coded part of this. If you post the conditions for long or short and how you want to manage the trade ie stops and profit targets i will work with you.

Cant wait...

 

[barbaros]

You can sign up at ninjatrader.com its free. I have coded part of this. If you post the conditions for long or short and how you want to manage the trade ie stops and profit targets i will work with you.

I did have a trial account a while ago to test drive it. I didn’t have a plan back then to do anything with it. I need to see if a broker will give a license for free.

 

[Martian]

Hello guys, i found this website, which has thousands of books and software (some are free and some are not). Hope we can get something from it. This seems gems to me; if you find anything interesting and beneficial. Please share here, thank you


http://www.trading-software-collection.com/

 

[barbaros]

Hello guys, i found this website, which has thousands of books and software (some are free and some are not). Hope we can get something from it. This seems gems to me; if you find anything interesting and beneficial. Please share here, thank you


http://www.trading-software-collection.com/

How do you download these?

 

[Martian]

How do you download these?

There are free books but i am not sure about the software, i myself, just found this and looking now. But it seems helpful though.

 

[Buck]

Hello everyone and Happy New year! I've come across another strategy that I wanted to share with you guys for SPX only.

Setup:

• 10 Min chart
• Heikin Ashi candles
• SMA 3/9
• MACD Bollinger Bands (the one Ben has posted on here a while back) 8,16,36 and uncheck "show plot" on the BB upper, BB lower and BB mid line. You will only be using the zero line, MACD dots and MACD Line for entry purposes. The inputs of "b length" and "bb num dev" are irrelevant here since you will remove the the plots that I mentioned.
• ErgodicOsc 2,10,36 (changed the default negative to red)

Option call logic:
1. The SMA's have to cross first.
2. For a call opportunity, you will then wait to see if the MACD dots cross above the MACD zero line. Its critical here to wait until one dot has cleared the zero line...you MUST see a gap....never enter with the dot on the line. Dots must be consistent as well...if its going up...then they must all be white...if a red dot populates between the time a white dot hits the zero line and the time one crosses clear....don't enter. I have a screenshot below showing this example - 13:00 a red dot appears.
3. The ErgodicOsc HAS to be green when the MACD dot crosses above the zero line. You can hold the trade most of the time until this turns from green to red....but I always set a sell limit just in case it whips back in the opposite direction.

Option put logic:
Obviously its the complete opposite of what I've described above for a call. BUT - the SMA's still have to cross first.

I backtested this 90 days and it came back with 95 opportunities. 75 were positive and 20 were breakeven or didn't move more than $1-$2 on the next candle before it changed to the opposite color candle.

For the positives, SPX only needs to move a minimum of $3 for the option premium to move to quick and decent profit. I generally buy 10 contracts with a delta of at least .35 or higher. So there were 75 times the past 90 days that SPX moved $3 or more (up or down) to be claimed a positive for me.

FYI - Since SPX doesn't begin trading until the opening bell, make sure you have your chart set to at least 1 day/10 mins. The 1 day will allow you to get a clear view of the chart and indicators, otherwise it will fill your entire screen if you use current day.

There's 2 opportunities on the attached screenshot: a put at 11:20 and a call at 14:10.

I hope those of you that trade SPX have the same success and feel free to ask questions regarding this strategy.

This seems to not be a profitable strategy anymore? Had some success with it, but the past couple of months have all been losers.?

 

[Hypoluxa]

This seems to not be a profitable strategy anymore? Had some success with it, but the past couple of months have all been losers.?

20 win opportunities with 4 misses since February 16th is hardly a losing strategy. And feel free to read back through these 45 pages to see all the high fives and thank you's this setup gets....as well as many people making it easier for signals to populate.

 

[VictusJogi]

20 win opportunities with 4 misses since February 16th is hardly a losing strategy. And feel free to read back through these 45 pages to see all the high fives and thank you's this setup gets....as well as many people making it easier for signals to populate.

It is a good strategy...It all comes down to being patient.. using this, I m not feeling rushed,FOMO, or have anxiety, to either wait for a set up or to enter a trade.. Its about training a muscle to wait for a trade (UP/DOWN) before it shoots like a rocket...and it does..


@Buck Dont put others down for sharing their knowledge, if you cant appreciate it.. I havent shared any setup because I am not experienced enough but I will share my experience once I know I can hep others and I Will..

 

[barbaros]

Performance of this strategy depends on the parameters you set and how you time your entries, as well as what you are trading. If you are trading SPX and options, as @Hypoluxa said, performance is different than trading /ES.

 

[VictusJogi]

How do you download these?

You may want to be careful with these websites... Nothing is free..If it is then it is bugged..

 

[barbaros]

You may want to be careful with these websites... Nothing is free..If it is then it is bugged..

Seems like one of those sites.

 

[Martian]

You may want to be careful with these websites... Nothing is free..If it is then it is bugged..

It looks like You can download books not the softwares. Yeah, definitely to be vigilant though. I found a lot helpful books.

 

[VictusJogi]

@Hypoluxa ..SPX 30 points jump today......

 

[Martian]

Damn it, i missed the entry again at 11:10.

 

[barbaros]

That was a good trade. There was ~2MM SPY shares traded in 2 minutes. Crazy.

 

[VictusJogi]

Damn it, i missed the entry again at 11:10.

Was there a MCDBB Xver at 11:10...I dont see a XVER at 11:10....Maybe I m missing something?

 

[rfb]

Was there a MCDBB Xver at 11:10...I dont see a XVER at 11:10....Maybe I m missing something?

Looks like it occurred at 1410 EDT. I'm in the Central time zone, but always reference Eastern time. YMMV!

 

[VictusJogi]

Looks like it occurred at 1410 EDT. I'm in the Central time zone, but always reference Eastern time. YMMV!

That makes sense...

 

[barbaros]

@babouin77 from my testing, I don't see exiting with MACDBB changing colors to be profitable. You mentioned that in your strategy you let a trade ride until it changes color and that you don't have hard stop loss. Do you find your second trade that rides with MACD profitable?

 

[Martian]

Was there a MCDBB Xver at 11:10...I dont see a XVER at 11:10....Maybe I m missing something?

My bad i am in MST ( Phoenix) zone.