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Heard of www.theeminitrader.com ??

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Elite Member
Melbourne, Australia
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Amp/CQG (futures) and FXCM (forex)
Favorite Futures: FDAX
 
frannt's Avatar
 
Posts: 1,019 since Feb 2011
Thanks: 69 given, 125 received


steveh3167 View Post
Hi Frannt

Can I ask if you are using the strategy during Australian daylight hours and going in to the European open?
I am in Melbourne and am trying to come to grips whether I trade during our daylight hours, or change the lifestyle around and wait for the US open.

I did have the "on-line tutorial" with George last week (wasn't aware of your post beforehand) and will be having another this coming week as I had a couple of queries, post the tutorial. The Reversion strategy does seem the most relevant one for me.

I also noticed that the screens used for the tutorial was a demo account - are you experiencing any significant difference with what you saw in the tutorial vs going live?

Nothing has been mentioned by the vendor regarding cost - does this all happen following the tutorials?

Any other comments you have would be appreciated.

Thx Steve

Hi Steve

Actually the reversion system is one of the few systems that you can happily trade during the overnight markets. Most of my other ES trading systems are only during RTH which is inconvenient if you live in Australia. At the moment I am not using it much but rather just monitoring it. I am also looking at the momentum system on the 6E but still need to work on this to get something I am comfortable with because 6E has a different personality than ES.

I just liked it because when I tried to write my own scalping systems and backtest them they are usually big losers, but as I said previously this one comes out ok if you don't factor in slippage and commissions. I suppose if you had the patience to sit there in front of the computer for long enough you could take trades without slippage and therefore probably could realistically achieve maybe 80% of the expected profits after commissions.

Ultimately it comes back to your own personal trading style as to whether this will suit you. I just don't like the fact that I don't know the basis for the signals and I'm not comfortable with that.

frannt

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