"E" success

Not seeing any trades pass two days. As a side note, by watching just 5 stocks, I am getting to know some of their personalities. I managed to take .45 from NFLX yesterday. Entered around 10:30 and exit around 14:00. Got in as it was coming back into the bollinger bands on the top three charts.




Just now took a $1 from AMZN. Again before it had signals on all charts but was coming back into bands.











Edited 2 time(s). Last edit at 06/23/2015 12:32PM by mtut.

NFLX gave a signal at 10:05 Bought for $6.90 Sold at 10:16 for $8.30. as of 10:26 stock still edging higher

Enter AMZN puts at 13:14. Had signals on all but the 30. Needed the E to form and it was close so I entered. Up .60 at 13:53 Sold for .55 at 14:15. Bumping the SMA on the 20 and 5.









Edited 5 time(s). Last edit at 06/24/2015 01:36PM by mtut.

No trades today



Edited 1 time(s). Last edit at 05/05/2016 01:00PM by mtut.

Bought puts on NFLX at 9:50 Sold at 10:07 for .60

No trades today



Edited 1 time(s). Last edit at 08/04/2015 12:57PM by mtut.

This is excellent- thank you for sharing the code. I just replaced the old code with this one.
Are you still using the 6 red/green blocks on the watchlist also to watch for the signal?

Bought AAPL puts at 12:55



As of the close I am down .05 and have been up as much as .12 Basically gone sideways since my entry. Thought of selling before the close but stayed in



Edited 1 time(s). Last edit at 06/26/2015 08:52PM by mtut.

I see you are using the 30-20-10-8-5-3 as your charts.
Did you change from a 60 as your first one?

NMR,

I have never used the 60. Always 30 20 10 8 5 3. Also, from your previous post. Here is the updated code for the columns. This will also only paint red or green when there is a trade for that time frame. So you can browse the columns for potential trades. Remember, there are only FIVE columns,



Edited 1 time(s). Last edit at 08/04/2015 12:58PM by mtut.

Hi mtut,

very excellent code, just curious if you could add 2 more MA4 = Average(close, 50) and MA5 =Average(close, 200) into your coding, would it make better signal? Just my personal thought. If not, please explain why, I am still in learning your system. Thanks.

anky7544

Not sure what you are suggesting. I already have the 50 and 200 sma plotted on the charts. They are the two black lines on each candle chart. Are you wanting to incorporate these somehow into the signal?

mtut Wrote:
-------------------------------------------------------
> NMR,
>
> Looking at my screenshots, all six charts have the
> 5, 10, 20 (pink, blue, and green) 50 and 200
> (black) moving averages. Along the top of each
> chart is displayed the 'E' signal, money flow (MF
> up or MF down), Trend (8ma in relation to 21ma)
> and the ADX (in blue) will appear if ADX is
> greater than 20. The chart under the candle chart
> is Money Flow. ADX is under that but is not
> displayed on my laptop screen due to display
> limitations
>
> For my entry, look at my last post where I show my
> chart at entry. Simplified, I want all the first
> three items along the top to be the same color and
> the STRONG ADX to be displayed on ALL charts

MTUT,

Just has a quick question around the Trend (8ma in relation to 21 ma) mentioned above. Is an uptrend simply when the 8ma is above 21ma, and downtrend when 8ma is below 21ma? And, if so, does this have to be in place for all 6 time frames? I'm setting this up in StrategyDesk, and wanted to make sure I understood what you're looking for, thanks much!

RT

RT.

I just sort of threw that into the mix. I have read from several sources that if 8 is > 21 then a trend is up and 8 < 21 the trend is down. Like most indicators (other than the 'E',of course) one is about as reliable / unreliable as the next. But, yes, simple check of sma8 in relation to sma21 determines how I view the trend. And yes, I check the trend on each chart

RT,
Please post the code for SD once you have completed it.

rebwayne Wrote:
-------------------------------------------------------
> RT,
> Please post the code for SD once you have
> completed it.

Ok, for all of you SD die-hards out there, here's the code I used to create a Custom Field for an E-signal on a 34 min chart. This also includes MTUT's ADX, Money Flow, and Trend indicators as well. Since SD allows for custom time frames, I use 34, 21, 13, 8, 5 and 3 min charts. Copy/paste this code for each time frame, and simply change the time frame value.


(MovingAverage[MA,Close,10,0,34] > MovingAverage[MA,Close,20,0,34] AND MovingAverage[MA,Close,5,0,34] > MovingAverage[MA,Close,10,0,34] AND
DirectionalMovement[ADX,5,13,34] > 20 AND
MoneyFlowIndex[MFI,14,34] > MoneyFlowIndex[MFI,14,34,1] AND
ExpMovingAverage[EMA,Close,8,0,34] > ExpMovingAverage[EMA,Close,21,0,34]) * 1

OR

(MovingAverage[MA,Close,10,0,34] < MovingAverage[MA,Close,20,0,34] AND MovingAverage[MA,Close,5,0,34] < MovingAverage[MA,Close,10,0,34] AND
DirectionalMovement[ADX,5,13,34] > 20 AND
MoneyFlowIndex[MFI,14,34] < MoneyFlowIndex[MFI,14,34,1] AND
ExpMovingAverage[EMA,Close,8,0,34] < ExpMovingAverage[EMA,Close,21,0,34]) * 2

Once you've created the 6 custom fields (name them however you like), add them to your quote sheet. For each column, click on column properties and use colors to indicate when conditions have been met: White when 0, Red when 1, and Green when 2.

MTUT,

Great trading, dude! Is there a rule of thumb you are following in terms of when to "exit" when the trade isn't work? Just curious.

Kind regards,
RT

Closed out of AAPL and entered NFLX puts

AAPL entry



AAPL exit






NFLX



Closed out of NFLX at 10:22

NFLX entry


NFLX exit





Entered BIDU puts at 10:39










Shorted AMZN around 14:00 while driving down hwy. Will update soon



AMZN enter


AMZN exit





Click this link to monitor my practice trades utilizing the 'E' signals. [docs.google.com]



Edited 10 time(s). Last edit at 06/29/2015 01:38PM by mtut.

MTUT,

My question was to add MA4 and MA5 into your E-signal calculation and crossover point, will it make better signal, since your E-signal and crossover point are using only MA1, MA2, and MA3.

Your code:

# define e-signal and crossover point
def Eup = MA1 > MA2 && MA2 > MA3;
def Edn = MA1 < MA2 && MA2 < MA3;


My thoughts:

def Eup = MA1 > MA2 && MA2 > MA3 && MA3 > MA4 && MA4 > MA5;
def Edn = MA1 < MA2 && MA2 < MA3 && MA3 < MA4 && MA4 < MA5;

anky7544,

ma4 and ma5 refer to the 50 and 200 moving averages and they are provided as possible support / resistance levels.Their crossing has no relevance to this system The sma5 sma10 and sma20 make up the 'E' signal. This entire trading system is designed around the 'E' signal and supported by a couple of other indicators provided by Darcy in previous threads.

That said, this system as been working very well and while I will continue to look for ways to enhance it, I won't change it's core workings..

mtut,

well explained. I got it now. Can you post code for Darcy Exit indicator shown on your 5min chart? thank you so much!

Made 8 practice trades today using E/ADX/MF/Trend indicators on 6 charts (34,21,13,8,5,3). And, 7 of those trades were successful (see below). Ignore the dollar amounts (these were practice) and focus on the entry and exist prices.

The 8th trade, on NFLX, hasn't fired yet.. Still need to determine the right exit point for these E trades (especially when they're not working). Not sure what the "Darcy" Exit indicator is, but sounds interesting:


Analysis Data For 6/29/2015 - 6/30/2015
Trade Date Action Symbol/Desc. Qty Price Comm. Net Amount Gain/Loss for symbol
AMAZON
06/29/2015 O STC AMZN JulWk1 435 Put 2 $5.45 $14.95 $1,074.98
06/29/2015 O BTO AMZN JulWk1 435 Put 2 $4.75 $14.95 ($965.00) 109.98
Total Realized Gain/Loss for AMZN $109.98
BAIDU
06/29/2015 O STC BIDU JulWk1 202.5 Put 2 $3.45 $14.95 $674.98
06/29/2015 O BTO BIDU JulWk1 202.5 Put 2 $2.96 $14.95 ($607.00) 67.98
Total Realized Gain/Loss for BIDU $67.98
CHIPOTLE MEXICAN GRILL
06/29/2015 O STC CMG JulWk1 605 Put 2 $5.90 $14.95 $1,164.97
06/29/2015 O BTO CMG JulWk1 605 Put 2 $5.10 $14.95 ($1,035.00) 129.97
Total Realized Gain/Loss for CMG $129.97
CREE
06/29/2015 O STC CREE JulWk1 27 Put 2 $0.92 $14.95 $168.99
06/29/2015 O BTO CREE JulWk1 27 Put 2 $0.80 $14.95 ($175.00) -6.01
Total Realized Gain/Loss for CREE ($6.01)
LINKEDIN
06/29/2015 O STC LNKD JulWk1 210 Put 2 $3.90 $14.95 $764.98
06/29/2015 O BTO LNKD JulWk1 210 Put 2 $3.35 $14.95 ($685.00) 79.98
Total Realized Gain/Loss for LNKD $79.98
MASTERCARD
06/29/2015 O STC MA JulWk1 94 Put 2 $1.30 $14.95 $244.99
06/29/2015 O BTO MA JulWk1 94 Put 2 $1.14 $14.95 ($243.00) 1.99
Total Realized Gain/Loss for MA $1.99
TESLA MOTORS
06/29/2015 O STC TSLA JulWk1 265 Put 2 $6.50 $14.95 $1,284.97
06/29/2015 O BTO TSLA JulWk1 265 Put 2 $5.55 $14.95 ($1,125.00) $159.97
Total Realized Gain/Loss for TSLA $159.97
Total Realized Gain/Loss $543.86

Very very good!! Proves that I have not been dreaming. I am not sure we can define an exit strategy. Might just borrow a phrase from the 70's. "If it feels good,DO IT" . Make the exit an art thing.



Edited 2 time(s). Last edit at 06/30/2015 10:42AM by mtut.

Mtut,

On your 5 min chart, can you share codes for lower indicator you used name:mtut_darcy_exit_line? Thanks.

It was suggested, as a possible exit point, to watch for the sma5 crossing the sma10 on the 5 minute chart. I have added the following script to my 5 minute chart only. It will continually display either 'TRADE LONG' or 'TRADE SHORT' (1st photo) based on the relationship of the sma5 to sma10 and will also advise you when the 5 and 10 are crossing (2nd photo).

I am testing this but offer it to anyone interested. The premise is that you stay in the trade as long as the display agrees with your direction and exit trade when it differs







declare upper;

DEF MA1 = Average(close, 5);
DEF MA2 = Average(close, 10);

DEF FIVEABOVE10 = MA1 > MA2;
DEF FIVEBELOW10 = MA1 < MA2;

AddLabel(FIVEABOVE10, "TRADE LONG", Color.DARK_GREEN);
AddLabel(FIVEBELOW10 , "TRADE SHORT", Color.RED);

DEF fivecrossingtenUP = if MA1 CROSSES ABOVE MA2 then 1 else 0;
DEF fivecrossingtenDN = if MA1 CROSSES below MA2 then 1 else 0;

AddLabel(fivecrossingtenUP, "5 Crossing 10 UP", Color.blue);
AddLabel(fivecrossingtenDN, "5 Crossing 10 DN", Color.blue);


anky7544 ,

This was the Darcy exit line that you referenced. I have just cleaned it up a bit,



Edited 1 time(s). Last edit at 06/30/2015 10:44AM by mtut.

mtut,

I will try it out and keep you posted. Thank you!

mtut,


BTW, do you have code for lower indicator on 5 mins chart? "mtut_darcy_exit_line with mtut_darcy_adx"

MTUT - just a quick thank you for all of your contributions here, and to this forum Keep up the good work!

Thank you RT. I appreciate the shared interest in this system and the reinforcement you provide with your trades.

Traveled today but have not seen many trades the past two days.

Bought BIDU puts at 9:42

Exit at 10:08 up .60

Click here to see results of my trades [docs.google.com]



Edited 2 time(s). Last edit at 07/06/2015 11:03AM by mtut.