the 400 day moving average breakout strategy - Page 2

kylefoley76 · 06-16-2009, 01:15 PM

does it say the limit for your country has been reached? there should be a free option.

CVD · 06-16-2009, 01:19 PM

no its working

advfn2828 · 06-16-2009, 04:18 PM

Hi Kyle

I can see where you are coming from with this strategy but I am concerned the same type of strategy might be done just as easily with more conventional means, but to be sure I need access to one min historic charts of the equities you have used for examples.

Anyone have any idea where that can be obtained as all I have is prorealtime which on the free version does not go that low.

Thanks

Graeme

kylefoley76 · 06-17-2009, 12:41 AM

graeme,

i'm pretty sure you use metatrader. maybe you can just apply this strategy to minute charts on forex using the 400ma and see what happens.

advfn2828 · 06-17-2009, 12:44 AM

Quote:

Originally Posted by kylefoley76

graeme,

i'm pretty sure you use metatrader. maybe you can just apply this strategy to minute charts on forex using the 400ma and see what happens.

I could do certainly, but I was wanting to look back over your examples first.

Also for my own reasons - ie wanting to look at stocks rather than forex - kill two birds with one stone so to speak.

Regards

Graeme

CVD · 06-17-2009, 11:33 AM

Does look good

Give it a try on a demo i would say

kylefoley76 · 06-18-2009, 01:34 AM

i've got a better link to download the strategy with now

Ektrader · 06-18-2009, 06:35 AM

Hi Kyle,

I looked over your strategy and I can tell you put a lot of work into it. This strategy may work, but it's not going to work any better thatn any other strategy, and I'm going to tell you why.

Shoot said on a post long ago that, one of the reasons professional traders make money is because they're all moving together and working as one, while amateur retail traders are doing a bunch of different things trying to reinvent the wheel. (following this, that, watching things go up and down). With that being said........

No matter what you do. There is only a few ways to take a trade in the market that may or may not provide an edge. Breakout, counter trend, or entering a trend, which all start from S/R. Everything alse in between is a crapshoot!

What you have put together is just another breakout play. I understand you using the 400MA as a guide and that's cool, but not needed, and I'm totally lost on the new MACD. It's day trading 101. "Draw a diagonal trendline, if the candle closes beyond the trendline, take the trade". Maybe there's something special I'm missing and if so, please elaborate. I'm know where near as smart as you are....(I just know how to trade

)

Look. I can tell you're extremely smart, analytical, and great with numbers and statistics. Truth is, there's plenty of strategies that have already been proven to work over a consistant basis. You're spending a lot of energy trying to reinvent the wheel that may or may not give you an edge. I just feel like you're time would be more productive using and mastering some of the great strategies that are available. Most strategies work(some better than others) if you manage you're risk properly.

Happy Learning and Trading

Ektrader

kylefoley76 · 06-18-2009, 10:57 AM

ek,

thanks for you comments, i appreciate your thoughts.

Quote:

Originally Posted by Ektrader

Hi Kyle,

No matter what you do. There is only a few ways to take a trade in the market that may or may not provide an edge. Breakout, counter trend, or entering a trend, which all start from S/R. Everything alse in between is a crapshoot!

this is a breakout strategy, it's trying to distinguish good breakouts from bad breakouts

Quote:

What you have put together is just another breakout play.

i agree, but it might have a slight edge.

Quote:

I understand you using the 400MA as a guide and that's cool, but not needed, and I'm totally lost on the new MACD.

i disagree. one would be much better off choosing breakouts that are not overbought/oversold.

Quote:

Truth is, there's plenty of strategies that have already been proven to work over a consistant basis. You're spending a lot of energy trying to reinvent the wheel that may or may not give you an edge.

i'm aware that there are existing strategies out there that work, but why use a strategy that will double your account in two years when you can put in some added work and double your account in six months.

Quote:

I just feel like you're time would be more productive using and mastering some of the great strategies that are available. Most strategies work(some better than others) if you manage you're risk properly.

this is one of the great strategies, the breakout strategy, just improved a bit.

all in all, time will judge us. i realize i'm in a slump right now, but i'll be out of it soon, God willing.

Ektrader · 06-18-2009, 01:27 PM

No problem Kyle. I was honored to take a look at it.

By the way, if a breakout is overbought/sold. Then you've already missed the breakout.
Your strategy may/ or may not have a slight edge. You're going to have to let us know.
Doubling your account in 2 years will come from excellent money management and good trading, not always from a good strategy.
As far as it being improved....... Well we just have to see after you run your tests with live trades, but I'm very interested in the results.

If you really believe in it and you manage your money. I'm sure you'll be fine.

I don't think the strategy is bad, i'm just not sure it's special.

Good luck and Happy Trading

Ektrader

06-16-2009, 01:15 PM	#11 (permalink)
kylefoley76 Badges About Assets Join Date: Aug 2008 Location: washington, dc Posts: 455 InformedPoints: 448.69	does it say the limit for your country has been reached? there should be a free option. Share This \|

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06-16-2009, 01:19 PM	#12 (permalink)
CVD Badges About Assets Join Date: Nov 2008 Location: The Netherlands Posts: 724 InformedPoints: 104.43	no its working

06-17-2009, 12:41 AM	#14 (permalink)
kylefoley76 Badges About Assets Join Date: Aug 2008 Location: washington, dc Posts: 455 InformedPoints: 448.69	graeme, i'm pretty sure you use metatrader. maybe you can just apply this strategy to minute charts on forex using the 400ma and see what happens.

06-17-2009, 11:33 AM	#16 (permalink)
CVD Badges About Assets Join Date: Nov 2008 Location: The Netherlands Posts: 724 InformedPoints: 104.43	Does look good Give it a try on a demo i would say

06-18-2009, 01:34 AM	#17 (permalink)
kylefoley76 Badges About Assets Join Date: Aug 2008 Location: washington, dc Posts: 455 InformedPoints: 448.69	i've got a better link to download the strategy with now