My 6E trading strategy | Currency Futures


futures.io - futures trading strategies, market news, trading charts and platforms


Currency Futures


This subforum allows you to find traders that trade Currency Futures. You may post about anything to do with trading currency futures in this section




 

My 6E trading strategy

  #881 (permalink)

NYC + NY / USA
 
Trading Experience: Advanced
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Favorite Futures: EMD, 6J, ZB
 
kronie's Avatar
 
Posts: 798 since Oct 2009


forrestang View Post
Today's pa wasn't all that conducive to big profits imo. But I think the chop areas and trend areas where clearly defined by the rules today.

Since I've been trading this method, I've come up with 2 mechanical ways to exit my trade. Both of these methods have in common the goal to get my stop to BE+1 ASAP using the SuperTrend. Once this happens, the management then changes for each of these.

Each method is different. Method 1 is faster, and is less likely to achieve the full target, but will also have more trades with profit somewhere between BE+1 and 21 tics. Method 2 is a bit slower, and is more likely to have more BE+1, but will achieve the full profit target more often.

I've been having some pretty good days, but I have been cheating myself by mixing the two at random. I went back and checked the last 2 weeks of trading, and I would have been better served by simply picking Method 1 or Method 2 (I have these in another sheet I am still putting together). What is happening is that I am more or less averaging in the worst results of the two exit methods into my trades.

Here is how yesterday and today would have played out. The column titled "Today" and "Yesterday" are the actual trades taken. And then Method 1 and Method 2.

Not that the last 2 weeks is a large enough sample size to definitively say one way or the other, but I intend to track both of the management strategies over the coming weeks. There were some other days that were more obvious than these as well.

Below is the comparison of today and yesterday, and a ss of today's trades for me.



very good work!, although it takes longer to mark up the chart and such

might you help the rest of us with suggestions in configuring the ATM so that we too can benefit from as much automation as possible?

often times what I have noticed is (irrespective of Chas's method or otherwise) a successful trade will jump up to say, +8, and then dally around and then force one's ATM to push up from the maximum stop loss to say -4 on the stop loss, and then the current price will retrace into that +8 to say, +3, and then retrace again, hit the premature stop (that was correctly moved up in anticipation of a logrithmic or logical progression of price higher), and then return to the upward direction and almost register a +11

hence the frustration with ATM's, and the seemingly very personal stop running that occurs when profits show up

ok, just a little verbiage to commizzerrate with