Registered User
Joined: 9/6/2010
Posts: 1
|
Hi, I am using the new TC2000 beta. I only do day trading with a 1 minute chart. I know how to run the easy scans but not sure what criteria to use for my PCF. What would you recommend for parameters for this PCF to cover my trading stile. I am always flat at end of day.Thank You Bill
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
The trainers can't give setting, interpretation or investment advice. I'll move this topic to the Stock and Market Talk forum so other traders will be more likely to see it and comment.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
Registered User
Joined: 5/1/2007
Posts: 158
|
I've only worked down to 5 minute data, but much of this should hold to 1 minute data (but only with high-volume stocks/ETFs). For a long, I'd suggest up at least 4 of the last 5 5-minute periods, with stoch crossing 50, and also just up 4 of 5 intervals. For shorts (if you use them) just reverse this. If going down to 1 minute ticks, up at least 10-12 of the last 15 minutes (this is getting into where real-time/HFT data would be of value).
At one point, I was developing SW for real-time feeds (the feed cost almost as much as a full-time employee) , so have some knowledge of expert systems. PCFs can do some but not all of that. Remember a) backtest on a long enough period and b) all systems, even good ones, can and will fail.
Even with HFT systems roboeating profits, there's still signal on the table.
|