If you are trading ES futures, have you tried to normalize volume by open 
interest?


________________________________
From: nonlinear5 <[email protected]>
To: JBookTrader <[email protected]>
Sent: Fri, November 19, 2010 5:23:26 PM
Subject: [JBookTrader] Re: Volume

Over the last week, I experimented with various ways to improve the
performance of my best strategies with the volume-based indicators.
Specifically, I added criteria such as "rising volume", "declining
volume", "peak volume", and "lowest volume". The results are
disappointing. On the risk-adjusted basis (as measured by PF, Kelly,
and PI), I have not been able to improve the performance of my best
strategies. If anyone sees any evidence of "extra edge" by including
volume information, feel free to post here.

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