SPX Trading Strategy for ThinkorSwim

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I'm pretty sure this is a dumb question, but I will ask anyway......what are AH's
Never a dumb question when you’re learning this stuff - AH is after hours trading. You’ll also see people use PM for pre-market trading.
 
Anyone have luck finding earlier entries into this strategy? Lots of good setups are just missed waiting for the MACD_BB dots to cross above zero...
 
Anyone have luck finding earlier entries into this strategy? Lots of good setups are just missed waiting for the MACD_BB dots to cross above zero...
For SPX only - There is one thing I'm noticing with all the double and triple backtesting, as well as live:
If the red dots come down (above the zero line coming down to the zero line) and actually touch the zero line...but doesn't cross (basically "bounces" off of it) a call opportunity has shown itself, as it always has a tendency to reverse. The same applies for a put...if the white dots are coming up to the zero line (coming from bottom to top) and it bounces off the bottom of the zero line....a put opportunity is there. Take a look at this screenshot I have attached for an example from this morning...SPX went up $6 once that white dot appeared. I've seen a lot of these same type scenarios. Backtest it to feel good about it tho.

DKJNWM9.png
 
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@Hypoluxa What were you adjusting to fine-tune your settings on SPX? I'm attempting to use this on MES and I am noticing when the MAs cross, it'll take 5-6 dots before it goes above or below the zero line. On SPX, it appears to be within a couple of dots after the MAs cross.
 
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For SPX only - There is one thing I'm noticing with all the double and triple backtesting, as well as live:
If the red dots come down (above the zero line coming down to the zero line) and actually touch the zero line...but doesn't cross (basically "bounces" off of it) a call opportunity has shown itself, as it always has a tendency to reverse. The same applies for a put...if the white dots are coming up to the zero line (coming from bottom to top) and it bounces off the bottom of the zero line....a put opportunity is there. Take a look at this screenshot I have attached for an example from this morning...SPX went up $6 once that white dot appeared. I've seen a lot of these same type scenarios. Backtest it to feel good about it tho.

DKJNWM9.png
can we get the code ?
 
@Hypoluxa What were you adjusting to fine-tune your settings on SPX? I'm attempting to use this on MES and I am noticing when the MAs cross, it'll tale 5-6 dots for before it goes above or below the zero line. On SPX, it appears to be within a couple of dots after the MAs cross.
I tweak the MACD bollinger band settings for each stock symbol. For mine - AMZN is slightly different than SPX. What I look for the most, are trying to adjust it to NOT have only one or two dots cross the zero line. Once I fill comfortable with one day that I pick to adjust to...I’ll go back 30-90 days to see how many times it’s successful....but most importantly, counting the minimal (hopefully minimal) times it’s a short run. You’ll never find perfection...but you will find minimal short crossings.
 
@malone1020 to be completely honest with you...I have no idea what 36 is suppose to change. I've changed it from 1 to 100 and nothing changes from what I can tell.

@mdtn that's correct.

Thank @Hypoluxa If I could one ask more question: On the MACD settings, are you tweaking all the settings are just one or two?
you're welcome. And I only tweak the "mac dfast length" and mac dslow length" until I'm comfortable. I move them either up or down 2 points at the time.
 
Thanks again. Are you using a backtesting code, if possible can you share? Other than that, I like the strat. I can't mess with SPX till I grow my account :LOL:
 
Thanks again. Are you using a backtesting code, if possible can you share? Other than that, I like the strat. I can't mess with SPX till I grow my account :LOL:
I'm not sure what you mean by a back backtesting code, but I use TOS and go back 30-90 days to look at the charts and indicators. I also use the "OnDemand" feature in TOS to test the profit and loss once I get the indicator dialed in and then adjust as needed.
 
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@Hypoluxa Thanks. :) Another question, you said you have tested 90 days. Would you mind sharing how to test? What do I have to do? I would like to test other stock such as TSLA.

You answered the same question to @securedabag23. Some people do backtesting tool and able to export result to Excel spreadsheet, I believe. Not sure how, that's why I ask. Thanks again
 
@mdtn I don't think @Hypoluxa uses a strategy to do backtesting, he simply reviews 90 days of trades to see how many good entry signals he finds... I do the same most of the time simply because it's quicker than trying to code fuzzy logic into a strategy...
 
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