SPX Trading Strategy for ThinkorSwim

[rad14733]

@Hypoluxa I have a question hope you can help... Yesterday (april 12th) at 13:50 (CT) red dot below cero line MA cross happend 13:40.. I entered a PUT 4115... it went up a little but then changed direction... where would you have exited the trade? (at what time)? when the dot changed to green (14:20)? or when the bar turned green ?(14:30)... in any case I took the loss.. could have close with a profit but wanted to let it ride... thank you...

That trade wasn't setup properly for entry... The MACD_BB line was above the zeroline rather than a distance below... The Didi_Index was also weak... Poor trade decision overall... The 3/9 crossover and ErgodicOsc were not enough to confirm the trade... You only had half of the required confirmations... Hey, it happens to all of us at times by being too eager to get in early when we shouldn't get in at all...

 

[Trader_Rich]

If you are getting valid signals from the lower indicators the MA's should already be crossed... Do you have a specific example for use to review...???

@rad14733 below is a screenshot I just got on /NQ. All of the lower indicators called Long, but it was another few bars before I got "EMA's Stacked"

https://www.screencast.com/t/PEnEQHEWQsu

 

[Rodrigov]

That trade wasn't setup properly for entry... The MACD_BB line was above the zeroline rather than a distance below... The Didi_Index was also weak... Poor trade decision overall... The 3/9 crossover and ErgodicOsc were not enough to confirm the trade... You only had half of the required confirmations... Hey, it happens to all of us at times by being too eager to get in early when we shouldn't get in at all...

Rad thanks for your input. I can't insert the image, I have the setup for SPX as the first post from Hypoluxa.. as I have it setup at 13:40 the red dot is below 0 line (-0.224) and at 13:50 is at -0.42... i don't know if I have something set up differently than you... Didi Index I don't have it on...is there a post in here were I can understand on how to use it and install it?

https://imgur.com/59umKUa

 

[VictusJogi]

Rad thanks for your input. I can't insert the image, I have the setup for SPX as the first post from Hypoluxa.. as I have it setup at 13:40 the red dot is below 0 line (-0.224) and at 13:50 is at -0.42... i don't know if I have something set up differently than you... Didi Index I don't have it on...is there a post in here were I can understand on how to use it and install it?

https://usethinkscript.com/threads/how-to-insert-image-in-a-post-thread.277/#post-1609

 

[rad14733]

Rad thanks for your input. I can't insert the image, I have the setup for SPX as the first post from Hypoluxa.. as I have it setup at 13:40 the red dot is below 0 line (-0.224) and at 13:50 is at -0.42... i don't know if I have something set up differently than you... Didi Index I don't have it on...is there a post in here were I can understand on how to use it and install it?

https://imgur.com/59umKUa

@Rodrigov Below is what my chart looked like on the 12th... As you can see, I have my chart set to the same settings as @Hypoluxa describes in his initial post... I can say where the discrepancy is because I can't see your chart settings... Can you post an image of your Study Settings Panel...???

 

[Rodrigov]

@Rodrigov Below is what my chart looked like on the 12th... As you can see, I have my chart set to the same settings as @Hypoluxa describes in his initial post... I can say where the discrepancy is because I can't see your chart settings... Can you post an image of your Study Settings Panel...???

Thanks.... at your 14:40 red dot under cero is what i saw (i'm at central time)..

https://imgur.com/pYWfonV

 

[Rodrigov]

@rad14733 for example now at 12:16 this is how it looks for 13-april till today.
I have price as LAST and unchecked afterhours in the Equities Chart Setting

https://imgur.com/592bZWh

 

[ALV]

@rad14733 for example now at 12:16 this is how it looks for 13-april till today.
I have price as LAST and unchecked afterhours in the Equities Chart Setting

https://imgur.com/592bZWh

@Rodrigov -seems like your settings are correct. However your chart in post above does not show one of the requirements ; the zero line cross. Please check posts 1, 45 & 61. It is my understanding that, without a cross, it is a "no go". Taking the trade seems to reduce the probability to obtain the win.
Are you using the SPX study developed by Barbaros?? It identifies entry points according to the requirements. Hope this help.

 

[Rodrigov]

@Rodrigov -seems like your settings are correct. However your chart in post above does not show one of the requirements ; the zero line cross. Please check posts 1, 45 & 61. It is my understanding that, without a cross, it is a "no go". Taking the trade seems to reduce the probability to obtain the win.
Are you using the SPX study developed by Barbaros?? It identifies entry points according to the requirements. Hope this help.

@rad14733 thanks for your help... today I had a good call 100% win and went 230%... looks good..... I'm only using the original strategy as posted.. where do I find the study developed by Barbaros? I can use them as confirmation i guess.

 

[Martian]

@rad14733 thanks for your help... today I had a good call 100% win and went 230%... looks good..... I'm only using the original strategy as posted.. where do I find the study developed by Barbaros? I can use them as confirmation i guess.

i did not see any set up today. there was BB cross either way so it was no go. Great that you made some but it was not the part of this strategy as long as i know.

 

[ALV]

@rad14733 thanks for your help... today I had a good call 100% win and went 230%... looks good..... I'm only using the original strategy as posted.. where do I find the study developed by Barbaros? I can use them as confirmation i guess.

@Rodrigov - you should have seen the posts from @barbaros here related to the study that captures the original requirements developed by @Hypoluxa . I believe we are in version 16. Check page #42. Copy and paste study in TOS. In addition, as @rad14733 indicated above, there is another topic [Balanced BB Breakout] with a similar study developed by Barbaros. Hope this help.

 

[ALV]

@ALV where do I find the script and information of the study developed by @barbaros ?

page #42 here

 

[ALV]

@ALV where do I find the script and information of the study developed by @barbaros ?

@Rodrigov - you are counting the 9:30 am cross as a valid sign. seems like it worked this time for you. Please check post #350. According to @Hypoluxa, a cross at 9:30am is a "No go".

 

[Hypoluxa]

@Rodrigov - you are counting the 9:30 am cross as a valid sign. seems like it worked this time for you. Please check post #350. According to @Hypoluxa, a cross at 9:30am is a "No go".

9:30 in backtesting has proven to be short lived or choppy. For some reason, 9:40 is a lot smoother AND most importantly, the SMA's need to cross AFTER the opening bell. If the SMA's crossed the prior day and is a carry over...that's also not a good entry.

 

[Trader2021]

The short answer is that if you can see it on a chart you can detect it with a scan just as long as the indicator script isn't too complex for the scanner to process... And multiple indicators can be used as well... Most of my scans use multiple indicators... The only potential issue would be that of subjective interpretations versus literal interpretations... Play around with the scanner and see what you can come up with... At the very least you should be able to come up with an alert that things look interesting and worth monitoring...

Ok Thanks. I will try your suggestion.

 

[Rodrigov]

9:30 in backtesting has proven to be short lived or choppy. For some reason, 9:40 is a lot smoother AND most importantly, the SMA's need to cross AFTER the opening bell. If the SMA's crossed the prior day and is a carry over...that's also not a good entry.

Thanks for your input.... The dot crossed at 8:40am (CT) I entered the call until 9:10am because as you say it was choppy.. probably got lucky since SMA crossed one day before..... shall wait for the next one...

 

[harry20]

I am very new to this world. I will try this setup for spx.. is there anyways i can set alert ... or how can i set the alert for this setup.....would be very appreciate for help...

 

[ALV]

I am very new to this world. I will try this setup for spx.. is there anyways i can set alert ... or how can i set the alert for this setup.....would be very appreciate for help...

@harry20 - the study developed by @barbaros include alerts as part of the set up. Copy and paste in TOS and check the different options provided. Check page #42, I believe is version 16. Hope this help.

 

[v4vendette]

@Hypoluxa, getting a little confused on these two setting.. can you confirm both for me? Thx.

SPX -
Price Type - Last, Bid, Ask, or Mark?
Show Extended Hours - Enabled or Disabled?

AMZN -
Price Type - Last, Bid, Ask, or Mark?
Show Extended Hours - Enabled or Disabled?

 

[Hypoluxa]

@Hypoluxa, getting a little confused on these two setting.. can you confirm both for me? Thx.

SPX -
Price Type - Last, Bid, Ask, or Mark?
Show Extended Hours - Enabled or Disabled?

AMZN -
Price Type - Last, Bid, Ask, or Mark?
Show Extended Hours - Enabled or Disabled?

"last" for both and extended hours enabled for both