Big Mike's Trading Blog

Day trading futures, discussing money management and trade management techniques, and more

More new stuff

So much for rest and relaxation this weekend. I've been working non-stop on indicators and setups.

A lot of work I decided to abandon, if it ends up not being any better than what's already out there, then I just move on.

I had intended to post my new ChannelThis indicator but I need to clean it up some and haven't had a chance to get back to it. I'll get to it shortly, promise... I'm just real tired right now and need to log of so I can be ready for the cash session tomorrow.

I changed my ECO2 settings slightly, now they are 7(fast), 9(signal), 21(slow. I also removed the histogram from my chart, and modified the code slightly to draw up/down colors based on which side the line Main is compared to Signal (signal is the white dotted line in my panel). I'm all about making things as simple as possible, and this works for me.

I am still working things out on Mike Trend. The biggest thing I am wrestling with is the damned CCI. I just can't get it to do what I want. I really am not a fan of CCI, maybe that is part of the problem. As for the rest of Mike Trend, I changed the histogram bars to Dots that plot blue for rising and red for falling, regardless of what side of the zero line they are on. However, it is best to only take trades on the right side of the zero line, but where's the fun in that?

More to come... tomorrow.



Mike

6 comments:

Trading said...

Hi Mike,
What values are you using for DoubleMA seems to be very close??


SSS

Big Mike said...

I am using proprietary ($$) moving averages now so you won't be able to replicate without them.

I will be updating the public DoubleMA shortly with some things to make it easier to backtest with. I will try to get to it in the next day or two.

Mike

Trading said...

Thanks Mike

Big Mike said...

Trading,

I released the new DoubleMA and ChannelThis today. You can download from my blog.

Mike

Anonymous said...

mike i use 7-11-11 seems to work good for me...sam

Anonymous said...

Mike,

I have a system based on the cci with ergodics. Actually, i was the one asking questions on the ninjaforum and later came the eco trend. an ergodic i one of the best indicators i know. You are sooner in a trade and have a good potential. I recently put also divergences on that work on ergodic and cci. Works fine. I did see in you video's entry's that you could have taken on divergences. maby an add on for the futur?

crossover

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