November 6, 2021

iCahn Scalp the Stock Index Futures

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iCahn Scalp is a simple trend following system that takes advantage of a high rate of change market. Obviously, these forceful trends do not happen every day. CT developed back in 2011 a volatility matrix that signals market context, as in when to expect a forceful trend. It is not a disclaimer to say its not perfect, but it does increase your odds of success; and my best team is always working toward perfect.

CT does not suggest fooling around with inputs except the ones that impact contract sizing. This is based on Richard Dennis’s Turtle contract sizing strategy, but macro filtered by the above-mentioned Technical Event Matrix.

To turn off contract sizing set Agro to “False” and to set the number of contracts you want to trade, input that number at mini-contracts.”

When Agro is set to “True” after a winning trade the next trade will be increased by the number of contracts in the AgroUp field, after a loser, it will revert to the min contracts when AgroDn is set to -1. MaxContracts should be self-explanatory and adjusted for your contract size and risk profile.

Keep in mind that with Turtle contract sizing (Agro) set to true, it does not come into play unless a favorable market condition exists. Below you will see RuleToAgro inputs, where 2 and 4 are inputted. These two Macro conditions are supportive of breakout expansion and forceful trend markets.

Whereas Rule2Block is after a rule number 3 is signals which calls for a low energy, low volatility market independent of direction.  If the market has signaled a rule number 1, only minum number of contracts are allowed to be traded. The idea is clear. As in everyday life and business, 80% of your productivity and profits come from 20% of your activity. This is what the Macro filter is striving for and achievable to increase your odds of success.

Download New Performance Reports here from dropbox for your cross-check.

Backdrop and user videos from this web page.

Do you like to hack around in concept idea code, systems, and indicators from my library over 20 years of development?  Look at this holiday offer on over 1000 strategies and 1000 indicators.

Great and Many Thanks,

Jack F. Cahn, CMT

Contrary Thinker since 1989,
Copyright 1989-2021

Contrary Thinker 1775 E Palm Canyon Drive, Suite 110- box 176 Palm Springs, CA
92264 USA. 760-459-4681 OR

25/1 Poinsettia Court Mooloolaba, QLD Australia 4557 614-2811-9889

— Contrary Thinker does not assume the risk of its client’s trading futures and offers no warranties expressed or implied. The opinions expressed here are my own and grounded in sources I believe to be reliable but not guaranteed.

— Pricing is subject to change without notice. My indicators and strategies can be withdrawn for private use without notice at any time.

–Trading futures and options involve the risk of loss. Please consider carefully whether futures or options are appropriate for your financial situation. Use only risk capital when trading futures or options


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