Tag Archives: hourly

Demo of automated head and shoulders with XRB BTC hourly crypto currency data from Binance

Demo of automated head and shoulders with XRB BTC hourly crypto currency data from Binance

This is a powerful indicator or trading patterns which is generated automatically. As explained in the data, I can only get this working with hourly data since it needs about 1000 data points. I can confirm it seems to download hourly data from both Bitmex and Binance using ccxt Python package. Always remember this is the potential market entry point once the closing price rises above the green dot. This pattern also needs to be verified against other patterns and indicators that I have among my arsenal.

Note that this is a very crude chart for mechanical demo purposes with no proper timing displayed on the horizontal axis. It seems to work ok.

I have no interest right now in inverted head and shoulders sinceI only have an interest in longing for now.

More info head and shoulders info

https://www.babypips.com/learn/forex/head-and-shoulders

Correction from the video means that the green dot should represent the expected price move:

You can see that once the price goes below the neckline it makes a move that is at least the size of the distance between the head and the neckline.

 

Actual results of back test history from automated trading strategy

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

successful end-of-day algorithms just don’t do well on 30-minute or hourly data

wonder why my successful end-of-day algorithms just don’t do well on 30-minute or hourly data. Anyone with same experience or thoughts?

6 days ago

 

MyTechTrades Home Page mytechtrades.com

Home Page for MyTechTrades.com technical stock trading website with backtested easy systems that…

 

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in my opinion, successful EOD algorithms normally translate well into intraday trading strategies as far as defining the LONG/SHORT channels, that’s about all I can say without knowing what algorithms are used and how you apply them at the 30 minutes level.

Thank for posting this discussion and good trading

From my experience, EOD can do well using particular models that might not work well for intraday trading in many cases. The reason could be that EOD movements based on daily averaged evaluation of all inputs during a long period while intraday decisions are driven by each news input and fast traders technical signals. So that there are some methods that work better for EOD, others for intraday

When you move from EOD to M30 or H1, not everything “scales down” appropriately. In equity markets [as opposed to forex], each and every daily bar starts at a discontinuity from the previous day’s bar. For intraday bars, however, there is a discontinuity every 7/17/etc. bars. Can you algorithms handle these properly?
Also, while the difference between a day’s close and the next day’s open remains the same in dollars, it is much larger (for hourly bars) in terms of average bar size (e.g. ATR). Finally, commissions and/or spreads may now “eat up” more of your trade size (read: profit), taking away from gains

Momentum has a larger influence in EOD trading as compared to day trading. While some systems can handle both time-frames, I haven’t found any one system that does both well.

When you increase trading frequency, you usually do more trades and have better trading statistics but you are more influenced by micro-effects (execution) and most of all bid-offer spread versus volatility of pricechange. If your strategy changes positions a lot intraday, this bid-offer versus volatility is critical.

Thank you all for your thoughts on this. I don’t think there is any significant inconsistency among your comments. I suspect the issue of momentum signals being more effective in EOD trading than intraday trading is the essence of it. My successful EOD systems depend heavily on momentum. You can see them at www.MyTechTrades.com I will modify the systems to depend less on momentum statistics for intraday versions that I will test. Thanks again.

 

 

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!