Hmmm…
so, to continue applying the previous strategies/logic
until one’s broker steps-up to support a filtered chart
(that skips the post 3:15pm “noise” for those not interested),
one would need alternate market-data source (same broker’s API?)
+some custom logic that ignores market-data of the specific “noise” duration.
A relatively easier “weekend project” for some.
(eg. those who already had API access and custom scripts).
A fresh challenge for others i guess.
what they should do is keep vwap session for 3pm to 3:30pm as day closing price, and run this experimental CAS as post market session after 3:30 to see if volume picks up, if it did then replace it with VWAP.
This is what’s affecting me the most as a technical trader. I wouldn’t have any issue with the closing auction session if all three indices were aligned.
Few % below 20, i have actually had a similar DD before when i was trading only 1 system.
But this time took a discretionary call that something is different. I had that feeling early on but still persisted, but that feeling did not go away. Eventually stopped.
Trading is difficult this way, persistence is what gets you compounding but same persistence can erase capital if market changes. I can still be wrong, and maybe this is a normal DD. Lets see.
Because all of my systems were stocks intra, everything has stopped. 1 system not working for 1+ years. Main system not working since after budget day.
I had tried 1lot Index Futures intra, but unfortunately those systems are dead too for few years. Since covid i have seen many systems die out, i got lucky and got 6 years of strong returns.
Its fine, overall i am maybe 5% up in 1 year 2 months (+pledged). Good times are gone, now need to work again.
Who came up with this, big guys can so easily manipulate simply by putting huge buy and sell orders at ±3% from reference price and that’s where market will close
That’s not the issue. It can happen at any time in the future and when it is least expected by retail after the lull period. It’s about power exchange - the ability of JS to move index EOD has increased significantly.