On this SRS Setup for Down Jones on Range 8 Bar type chart we overlap 2 configurations ; one with the trend and the other countertrend ;
PM_EMA Setup on Dow Jones
SRS Setup on Crude Oil
ATR BarColor on Crude Oil had a tough day today, finishing almost BE
Ichimoku Setup on Crude Oil...
...it looks like a good candidate for automation...
...coming soon...
You can get more info about these setup on this blog ; use the search tool to find SRS, PM_EMA or Ichimoku to find related posts...
Dont forget to update/create your subscription preferences at :
to change your options from daily, weekly or never receive the trade log
Link to suggested indicators/strategies :
Regards,
Pablo
Showing posts sorted by date for query PM_EMA. Sort by relevance Show all posts
Showing posts sorted by date for query PM_EMA. Sort by relevance Show all posts
Monday, July 22, 2013
Friday, July 19, 2013
Ninjatrader Indicators - The Indicator Store - Trade Log 2013-07-19
Today is Options Expiration Day and also Crude Oil Contract Rollover, so it has been a tough trading day
These are System Trades for Today :
This was a short on Crude Oil ( on the New September Contract ) using the Ichimoku Setup.
The entry at signal required a long stop ( over the Kumo ) but it was also possible to get short at the Kumo retest
This was the first signal on the Ichimoku, but the setup was not complete because the Kumo was still in red, so supporting a short, not a long as the signal ; so... no trade
ATR Bar_Color Setup on Crude Oil ( on old contract )
SRS Setup on CL ( tough day today... only a good management on the last short would allow end on positive side )
SRS Setup on Gold ( wonderful day, 8 winners >15 ticks, one 15 ticks loser )
PM_EMA Setup on Dow Jones - 6 Range Chart ( 6 Winners )
You can get more info about these setup on this blog ; use the search tool to find SRS, PM_EMA or Ichimoku to find related posts...
Dont forget to review your subscription preferences at this link to change your options from daily, weekly or never receive the trade log
Regards,
Pablo
These are System Trades for Today :
This was a short on Crude Oil ( on the New September Contract ) using the Ichimoku Setup.
The entry at signal required a long stop ( over the Kumo ) but it was also possible to get short at the Kumo retest
This was the first signal on the Ichimoku, but the setup was not complete because the Kumo was still in red, so supporting a short, not a long as the signal ; so... no trade
ATR Bar_Color Setup on Crude Oil ( on old contract )
SRS Setup on CL ( tough day today... only a good management on the last short would allow end on positive side )
SRS Setup on Gold ( wonderful day, 8 winners >15 ticks, one 15 ticks loser )
You can get more info about these setup on this blog ; use the search tool to find SRS, PM_EMA or Ichimoku to find related posts...
Dont forget to review your subscription preferences at this link to change your options from daily, weekly or never receive the trade log
Regards,
Pablo
Thursday, July 18, 2013
Ninjatrader Indicators - The Indicator Store - Trade Log 2013-07-18
Ichimoku Long on Crude Oil
( no retest on the cloud ), just entry at signal
SRS Setup on Crude Oil ( today we have volume splitted 50% between old and new contract )
These trades are ver the New ( September ) Contract
SRS Setup on Gold
ATR BarColor on Crude Oil
You can get more info about these setup on this blog ; use the search tool to find SRS, PM_EMA or Ichimoku to find related posts...
Regards,
Pablo
( no retest on the cloud ), just entry at signal
SRS Setup on Crude Oil ( today we have volume splitted 50% between old and new contract )
These trades are ver the New ( September ) Contract
SRS Setup on Gold
ATR BarColor on Crude Oil
You can get more info about these setup on this blog ; use the search tool to find SRS, PM_EMA or Ichimoku to find related posts...
Regards,
Pablo
Wednesday, July 17, 2013
Trade Log 2013-07-17 using TIS Ninjatrader Indicators
Ichimoku Setup on CL - 3 trades ( 2 Longs and one short )
ATR_BarColor on CL - lot of trades, some losers near crude oil report, but positive day
SRS Setup on TF ( Russel 2000 ) - 3 Shorts today
SRS and EMA on YM ( Dow Jones )
SRS on Crude Oil ( CL )
You can get more info about these setup on this blog ; use the search tool to find SRS, PM_EMA or Ichimoku to find related posts...
Regards,
Pablo
ATR_BarColor on CL - lot of trades, some losers near crude oil report, but positive day
SRS and EMA on YM ( Dow Jones )
SRS on Crude Oil ( CL )
Regards,
Pablo
Tuesday, July 16, 2013
Trade Log 2013-07-16 using TIS Ninjatrader Indicators
Ichimoku Long on CL
ATR BarColor Setup on CL
SRS on TF
SRS on CL
SRS on Gold ( really volatile today, we got some losers, but winners were big enough to compensate )
PM_EMA on Dow Jones ( only 2 trades, last one on day session )
PM_EMA on Crude Oil
You can get more info about these setup on this blog ; use the search tool to find SRS, PM_EMA or Ichimoku to find related posts...
Regards,
Pablo
SRS on Gold ( really volatile today, we got some losers, but winners were big enough to compensate )
PM_EMA on Crude Oil
Regards,
Pablo
Monday, March 4, 2013
PM_EMA_Bouncer Strategy for Ninjatrader
New Setup : PM_EMA_Bouncer Strategy for Ninjatrader
Hello everyone, we have a new setup to share with you.
It is very easy to follow and can be considered as an "alternate version" of the PM_EMA.
The PM_EMA is a trending setup. On this blog you will find several posts about it.
We follow an EMA ( Exponential Moving Average ) and when price is far enough from it we are in Trade Ready condition. To measure the distance between price and EMA we use an envelope. The entry is a bounce at the EMA :
The indicator painting the bars on these pictures is the TIS_EMA_Trader_Indicator, so it paints bars according to the trend, while PM_EMA_Bouncers trade against it. So;
- Blue Bars = Sell Stop at EMA+Offset
- Red Bars = Buy Stop at EMA-Offset
The PM_EMA_Bouncer Setup uses the exact same logic to trigger the trade ready condition but early and in opposite direction, so by definition it is a Counter Trend System
We can use an early entry that allows to take a profit at the EMA. A value near the half of the envelope looks like working very well. And the envelope needs to be a higher than on PM_EMA setups. On CL a value of 30 is fine, allowing a minimum target of 15 ticks.
The example ( Range 6 CL Chart ) is using a 20 ticks target with an early entry of 10 ticks. The envelope is 30 ticks
This way, when we have a PM_EMA Long signal, we can take a PM_EMA_Bouncer Short and take profits near the Long Entry.
On some other more volatile Markets like Crude Oil or Gold, where EMAs can not offer good support we can use a bigger target all the way through the EMA.
With the PM_EMA strategy using the correct offset entry, is possible to calculate the PM_EMA_Bouncer performance by switching profit with loss.
Unfortunately, it is not possible to optimize the settings, because it will find the best profitable values, and we are looking for the worst values on PM_EMA.
Executing an Optimization of PM_EMA testing a wide range of moving averages periods, we can export the results to excel and create a chart of PnL vs Period.
This way we can choose the worst Period and use it on the PM_EMA_Bouncer Setup.
On this video you will find a brief description of how to do such thing :
As I found this setup very useful and sometimes it is a good replacement for PM_EMA when we find a good losing setup on PM_EMA it is a good winner on PM_EMA_Bouncer, I decided to create a dedicated strategy to backtest, optimize and trade this setup.
The strategy PM_EMA_Bouncer can be found on The Indicator Store Market and is the perfect companion for the PM_EMA_Trader
Regards,
Saturday, January 19, 2013
PM_EMA Strategy for NinjaTrader - Setup Review
Hello everyone !
It has been a long time since the last post we made about this setup, so we are going to explain it to the maximum detail and show how to trade it with its TIS_EMA_Indicator and the Strategy PM_EMA_Trader.
This is a Trend Following Setup, so it works better with trending Markets.
It can be optimized for Impulsive Markets, but it will not perform in its best way. There are other Setups focused to Impulsive Markets ( See Impulse Setup ).
In terms of simplicity and easy to use this is one of the most easy and simple setups to follow and we only need to focus on 2 ( two ) Indicators :
The Exponential Moving Average (EMA) defines the trend and also is the entry ;
...when price is above the EMA, we want to go Long at its price
...when price is below the EMA, we want to go Short at its price
The logic is that the price will bounce near the moving average, several times, until the trend is over.... ( more about this later...)
Now we need to define when we are trade ready, and this is where we use the envelope.
While price is inside the envelope, we can consider the market is in sideways mode. So, no signals, no trades...
When price touches the upper band of the envelope, the setup changes to BUY Mode.
When price touches the lower band of the envelope, the setup changes to SELL Mode.
Some examples on the following charts :
This example starts with bars inside the envelope, so the setup is in neutral mode.
When bar touches upper band, the Buy Mode Start and we start looking for an entry at the moving average
Similar example for Short Signal :
On this example price start from inside the envelope ( bars are gray ) until the low of one bar touches the lower envelope and the Setup switches to Sell Mode.
At this point we start looking to short the moving average.
We get several entries ; each time price touches the lower band the bars turn red and the setup sets to Sell mode again.
What happens when the trend is over ...?
Lets look at the following example ;
We can see on the last Short of this chart, that price continued going against the trade touching the upside band triggering the Buy Mode.
If our stop is big enough to survive this move, when the price comes back to allow the long entry we can unload the short entry at a minimal loss.
This behavior is very frequent on trending markets.
There are several ways to trade this setup, we can use a small stop, slightly lower than the envelope size, so we have a standard size loser at the end of the trend. The advantage is that those losers will be always equal and small.
Or we can use a big stop, usually twice the size of the envelope, resulting in a final average loser small but with some big losers.
Detail of the reversal procedure :
On these example charts we are using the Indicator for Ninjatrader TIS_EMA_Trader_Indicator with which we can indicate the period of the moving average and the size of the envelope and it will paint bars according to the trade setup.
With this trade setup automated, like the PM_EMA_Trader Strategy, we can
It has been a long time since the last post we made about this setup, so we are going to explain it to the maximum detail and show how to trade it with its TIS_EMA_Indicator and the Strategy PM_EMA_Trader.
This is a Trend Following Setup, so it works better with trending Markets.
It can be optimized for Impulsive Markets, but it will not perform in its best way. There are other Setups focused to Impulsive Markets ( See Impulse Setup ).
In terms of simplicity and easy to use this is one of the most easy and simple setups to follow and we only need to focus on 2 ( two ) Indicators :
- An Exponential Moving Average ( EMA )
- An Envelope ( Fixed number of ticks above and below the EMA )
The Exponential Moving Average (EMA) defines the trend and also is the entry ;
...when price is above the EMA, we want to go Long at its price
...when price is below the EMA, we want to go Short at its price
The logic is that the price will bounce near the moving average, several times, until the trend is over.... ( more about this later...)
Now we need to define when we are trade ready, and this is where we use the envelope.
While price is inside the envelope, we can consider the market is in sideways mode. So, no signals, no trades...
When price touches the upper band of the envelope, the setup changes to BUY Mode.
When price touches the lower band of the envelope, the setup changes to SELL Mode.
Some examples on the following charts :
This example starts with bars inside the envelope, so the setup is in neutral mode.
When bar touches upper band, the Buy Mode Start and we start looking for an entry at the moving average
Similar example for Short Signal :
On this example price start from inside the envelope ( bars are gray ) until the low of one bar touches the lower envelope and the Setup switches to Sell Mode.
At this point we start looking to short the moving average.
We get several entries ; each time price touches the lower band the bars turn red and the setup sets to Sell mode again.
What happens when the trend is over ...?
Lets look at the following example ;
We can see on the last Short of this chart, that price continued going against the trade touching the upside band triggering the Buy Mode.
If our stop is big enough to survive this move, when the price comes back to allow the long entry we can unload the short entry at a minimal loss.
This behavior is very frequent on trending markets.
There are several ways to trade this setup, we can use a small stop, slightly lower than the envelope size, so we have a standard size loser at the end of the trend. The advantage is that those losers will be always equal and small.
Or we can use a big stop, usually twice the size of the envelope, resulting in a final average loser small but with some big losers.
Detail of the reversal procedure :
On these example charts we are using the Indicator for Ninjatrader TIS_EMA_Trader_Indicator with which we can indicate the period of the moving average and the size of the envelope and it will paint bars according to the trade setup.
With this trade setup automated, like the PM_EMA_Trader Strategy, we can
- Perform a Scan of all moving averages to find the bests to use and worsts to avoid
- Optimize Targets, Stops and Envelope Sizes
- Research Best Times and Days of Week to trade
- AutoTrade the Setup !
If you have any question about this setup just let me know or post your opinions here !
Regards,
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