re: From the Zapperman Vault ATS #278 "A walk in the Park"
Updated
The last strategy I posted, which I call "Grandma" was a long-term position strategy. - This ATS is a short-medium term position strategy, same chart different methods and different TF, because its a scalper on the M15. So, I have dubbed this strategy, "A walk in the park" Sometime in the future, I will show you what a super HFT looks like. Due to limitations in TV, what could have been a >90% scalper, is now just shy of 70% winning strategy. Tradingview's customer support was awesome explaining that they are working on various updates and will consider adding some of my requests in the future. For example, one of the most important values we need when trading is spread. Unfortunately, Pine won't allow to query for spread, which would trim a a lot of the fat thereby reducing losing trades and increasing winning trades.
Some Psuedo-code: 2 of 34 trade rules I use:
If Hi - Lo is =/> n*current_spread && [If AveVol[N] is increasing, & (Vol[0] && Vol[1]]) > AveVol[N])] , where n is a multiple of the spread (usually n=3), i=shift (where i=0 current, i=2 2 prior sticks), N=previous period.
[cond1] && [cond2]. TV allows for cond2 in pine, but NOT cond1, which hopefully gets remedied soon as there is currently no way of querying for spread in pine script, which is rather bizarre given the importance of spread in trading, ESPECIALLY FOREX.
The indicators used are PSAR (2 sets), BB (2 sets), and RSI, SMA, others. Typically, I use a highly specialized version for BB and RSI which take into consideration dynamics of market conditions. Unfortunately, TV does not enable me to be able to port such enhanced custom indicators, however, I have put requests into support to enable a more powerful SDK for devs so we can drop C# or C++ code in, and even better, a cross-compiler that converts MQL4/5 code into Pine - Am dreaming?.Maybe not so much though as this kind of dev task is rather trivial. Let's pray Pine is updated soon and devs have much more flexibility, AND TV will have a switch to enable auto-trading, which to me they have the entire setup to do so already. Also, TV hopefully will enable a strategy to also send an alert (not sure I understand why they separated studies and strategies like this as it should just all be rolled into one).
This is one of many ATSs that is being used during Alpha testing of our new Zap trading system! Since my first post a few days ago, which was removed by the TV team (I will esquire as to exactly which rules that posting broke as it simply spoke the truth), there are only 63 beta positions of 200 left available. Please message me here if you are interested in joining and to learn more about the Alpha tests, the strategies, and the anticipated beta release of the new Zap Trading Software System, of which, this is one of several hundred strategies. The Zap Trading system works on any TF, for all markets (Crypto, FOREX, Stocks, etc) and is benchmarked using an SQL server with highly advanced numerical analysis based predictive coding. Common mistake made by many professional traders is to a) use static indicators in a dynamically moving market (hint: they don't work very well), b) Take trades when the spread is too big, and c) Perform look-back analysis instead of look forward analysis, the latter of the two being of most importance, the first of the two being a negligible factor when determining timing to enter and exit a trade. Also, encompassed is a super advanced AI based Money Management system. Again, these markets are dynamic, you cannot use one or even three MM algos statically. They must adjust themselves with repsect to market volatility, ATR, among several other factors, which are also determined by look forward techniques.
The Bottom line - Did ATS make profits, how much & over what period of time/TF? Even scalpers @ <50% make good profits IF the money management system minimizes loss and maximizes profit!
Enjoy!
Zapperman
Some Psuedo-code: 2 of 34 trade rules I use:
If Hi - Lo is =/> n*current_spread && [If AveVol[N] is increasing, & (Vol[0] && Vol[1]]) > AveVol[N])] , where n is a multiple of the spread (usually n=3), i=shift (where i=0 current, i=2 2 prior sticks), N=previous period.
[cond1] && [cond2]. TV allows for cond2 in pine, but NOT cond1, which hopefully gets remedied soon as there is currently no way of querying for spread in pine script, which is rather bizarre given the importance of spread in trading, ESPECIALLY FOREX.
The indicators used are PSAR (2 sets), BB (2 sets), and RSI, SMA, others. Typically, I use a highly specialized version for BB and RSI which take into consideration dynamics of market conditions. Unfortunately, TV does not enable me to be able to port such enhanced custom indicators, however, I have put requests into support to enable a more powerful SDK for devs so we can drop C# or C++ code in, and even better, a cross-compiler that converts MQL4/5 code into Pine - Am dreaming?.Maybe not so much though as this kind of dev task is rather trivial. Let's pray Pine is updated soon and devs have much more flexibility, AND TV will have a switch to enable auto-trading, which to me they have the entire setup to do so already. Also, TV hopefully will enable a strategy to also send an alert (not sure I understand why they separated studies and strategies like this as it should just all be rolled into one).
This is one of many ATSs that is being used during Alpha testing of our new Zap trading system! Since my first post a few days ago, which was removed by the TV team (I will esquire as to exactly which rules that posting broke as it simply spoke the truth), there are only 63 beta positions of 200 left available. Please message me here if you are interested in joining and to learn more about the Alpha tests, the strategies, and the anticipated beta release of the new Zap Trading Software System, of which, this is one of several hundred strategies. The Zap Trading system works on any TF, for all markets (Crypto, FOREX, Stocks, etc) and is benchmarked using an SQL server with highly advanced numerical analysis based predictive coding. Common mistake made by many professional traders is to a) use static indicators in a dynamically moving market (hint: they don't work very well), b) Take trades when the spread is too big, and c) Perform look-back analysis instead of look forward analysis, the latter of the two being of most importance, the first of the two being a negligible factor when determining timing to enter and exit a trade. Also, encompassed is a super advanced AI based Money Management system. Again, these markets are dynamic, you cannot use one or even three MM algos statically. They must adjust themselves with repsect to market volatility, ATR, among several other factors, which are also determined by look forward techniques.
The Bottom line - Did ATS make profits, how much & over what period of time/TF? Even scalpers @ <50% make good profits IF the money management system minimizes loss and maximizes profit!
Enjoy!
Zapperman
Note
...and pop goes the weasel...or better, The bulls gave their first poke with their horns! See just now NEO breaking above resistance, could pull-back again, but what goes down, must come up and vice versa...how these markets work - in waves! Curious to see what this first little pop does and how long it sustains. Could be a teaser, could be a nice journey to the moon, who knows, regardless, hold NEO position as its only the beginning of this rally.
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