RichardL Veteran   Posts: 134 Joined: 9/18/2004  User Profile | Hi Jim - happy to run through the template and strategies. Basically what I wanted to do was set up an automated notification system running EOD on Auto mode that emails me pdf prints of my charts for symbols with Buy/Sell for BT>99% and ADV>70%. I use Black Ice's excellent print2pdf email driver (www.blackice.com) as you can set it to print to a single defined email address with custom headers etc. You may have seen from my other posts that I run clutches of about 4-6 strategies per profile and run about 8 profiles (some signal, some mechanical) to cover a range of some 40-50 strategies (I don't duplicate use of strategies between profiles) and variants I've built up through both this forum and the Club. Each profile runs a subset of symbols restricted to only those that show 100% BT and FT before running for real without FT. All strategies are set to also exit after 14 days and Market on Open entries. Voting is by best strategy in the To Do. The idea is that whilst each strategy might not individually score more than 40-50% on a set of symbols, if you vote by best strategy with complementary strategies, the combined result can be much higher eg 75-80% on the reduced subset of symbols you allow after testing. So my chart template needed to be clear and uncluttered (less is more) to be readable in a pdf plot and catering for short-medium trade duration which is what I do (< 14 days in trade). Basically I got the info from Jeff Drake's excellent guides - Profiting with Indicators and also Confirmation Tactics. Do get them if you haven't already. Key point is to trade price, not indicators & treat none of the indicators as absolutes, just guides in concert with each other. Moving through the Chart top to bottom: 1. Pivots and VTL-B trend curves - these give me a sense for the trend movement. I plot my winning strategy votes on this plot too. 2. ADX - I love this indicator! - basically once it moves up over 40 you can be prepared for a major trend reversal. Not infallible but it hasn't yet let me down. 3. MOMentum and MACD/RSI - on these two together, watch for a broad gradient reversal on MOM in concert with a zero crossing on MACD for a trend reversal. I find MOM a bit coarse but the MACD system as well as MACD indicator mapped on it is again a great tool for the eye to follow. *these aren't strategy votes on this part*. (If you wanted to create more space you could probably lose the MOM plot.) 4. TRN - I'm looking for it to flatline trend up (100) or trend down (0) for confirmation 5. REL-STR - another favourite! - signals to buy into trend up indication when going up between 50 and 70 (but not over - thats overbought!) and short for trend down for 50 to 30 (but not over - thats oversold). This is a bit shorthand but do take a look at Jeff's guides which are very good. Hope this helps. BTW if I've got any of the above wrong, please someone do reply to tell me - I'm still learning :-) Richard | |
