A couple more notes on the Million Axis strategy
I did try reversing the direction of the trades from their signals but the side I published was the better.
The idea of placing the stops at the far side of the cloud was to avoid the easy picking area of 1 tick below the bar which the bots go for.
Targets of waiting till the Renko bars reversed, vs. exiting at a percent of the previous swing came out about the same.
When there is a pivot high I am selling, going against the trend direction simply means, buying in that situation.
There are four entries
L1 white cloud
S1 blue cloud
L2 blue cloud
S2 white cloud
You can comment out the entries ending in 2 and change the cloud settings till the entries are further out, but my testing didn’t do very well out there.
Nevi wrote:...but my testing didn’t do very well out there.
Exactly so please do us a favor and try to create a strategy that enters ONLY where I have drawn my 2 green circles above otherwise you are wasting both our time here.
The problem is the drawings on the chart are not mechanically defined, above the cloud is a very broad definition.
Price could pierce the top of the cloud for one or two bars in a single pivot, other times price is completely above the cloud for hours at a time with dozens of pivots and reversals.
Nevi wrote:above the cloud is a very broad definition.
If C[1] > O[1] And C < O and C[1] > Midline4 Then
ShortSell 1 contract next bar at market;
So as soon as the previous white bar (C[1] > O[1]) goes above the highest cloud (MidLine4) and then goes back down as a blue bar (C < O), you enter Short, is that so hard to figure out?
One more detail,
Does that mean you only want to take the first occurrence of white to blue after crossing above Midline4
or does it mean as long as you’re above Midline4 every white to blue pivot is a valid short?
Nevi wrote:Does that mean you only want to take the first occurrence of white to blue after crossing above Midline4
or does it mean as long as you’re above Midline4 every white to blue pivot is a valid short?
Well that's the whole point of this last research segment where I added green/yellow/red lines and tried all sorts of indicators to be able to find the very last white-blue reversal pivot but the thing is, we will never know if the price will crash back down and give us our 5 pts or go back up to make higher pivots.
So far, I reduced it to 3 entry points, 1 per line color but it can still give me a pivot in the green zone, another one in the yellow and another one in the red after that or it could even do all 3 pivots and still continue to climb and turn the dark cloud from blue to gray and now we're fucked.
If you can suggest any ideas to find the best pivot, please do so.
