ucsgears

SPY - Top & Bottom Indicator Triggered

CME_MINI:ES1!   S&P 500 E-MINI FUTURES
753 14 15
10 months ago
This time on the Weekly Chart.
10 months ago
Comment: Important Day Tomorrow..... Employment Data

ADP employment change was positive. Initial Claims and Continuing Claims raised up slightly.
9 months ago
Comment: Rating Tool when combined with T&B

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9 months ago
Comment: Another Example
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9 months ago
Comment: Short Example
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9 months ago
Comment: The Rating tool is a great tool to know, where the strength is when the stock market rallies and weakness is when the stock market plummets.

Keeping you on the right side of the market's sectors, indirectly increasing your win rate and minimizing risk and guess work. ;)
Will Wong
10 months ago
What does this mean?
Reply
ucsgears PRO Will Wong
10 months ago
Marks a good reversal point. Use the indicator on Daily to see some examples.

You still need basics, like timing entry, managing the trade for low risk etc.
snapshot
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Algyros PRO ucsgears
10 months ago
I was wondering if someone more capable than me (which is almost anyone) could translate this idea into strategy code so that it could be backtested?
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ucsgears PRO Algyros
10 months ago
The Current Strategy ability on TV is a joke. I have to admit this. Use other platforms, it can give you better entry and exit triggers.

That being said, Even a great strategy will not produce good result with TV strategy ability.
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ucsgears PRO
10 months ago
Doesn't Matter if the "trading instrument" explodes. It has to retest the High Volume zone.

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vaicru PRO ucsgears
9 months ago
Do you think ther is an inverted H&S there ?
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ucsgears PRO vaicru
9 months ago
I dont use chart patterns to trade. Its Subjective to interpretation. I like 0 guess work, because all my loser are / were i tend to be subjective. Its hard for me to peel away from the basics. That's the hard truth
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2use ucsgears
9 months ago
Basically, you are a believe of systematic trading - because if you like indicators, you assume the best strategy may be programmed and run by a computer on its own?

PS - do you know if it is possible to do a backtracking test for an indicator on TV? Could not find it
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ucsgears PRO 2use
9 months ago
Yes I do.

Do you mean backtest?
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2use ucsgears
9 months ago
Sorry yes, wrong word by autocorrect :)
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ucsgears PRO 2use
9 months ago
Backtesting an indicator for accuracy - Cannot be done with the current options
Backtesting a strategy - Can not be done to a good extent. - TV is working on improvements.
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2use ucsgears
9 months ago
But where would you do it? Im interested in finding how can i backtest a set of indicators for specific events (when both indicators are in a specific place). Thought you can help.
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ucsgears PRO 2use
9 months ago
I do it in TOS. Tradestation could be an option. Chris Moody uses an expensive program. You get what you pay for kind of deal.
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2use ucsgears
9 months ago
I agree - for systematic traders getting confidence in the system is basically the key
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