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Boomerang indicator system at

  #163 (permalink)

Dallas, TX
Trading Experience: Intermediate
Platform: NinjaTrader, IB
Favorite Futures: GC, CL, ZS
Posts: 13 since May 2013
Thanks: 5 given, 41 received

BDT Trades in Live Room

There's 2 big reasons why he can't duplicate the Boomerang trades live and to the 80% accuracy rate.

(1) - The actual Boomerang trades happen too fast. This is what he's discovered, I think, in transitioning to live trading. On a historical chart, it's easy to see the trades that happened. In a live trading environment, the indicators happen too quick, or are repainting behind the prices too slowly for him to do the trade at the price it should be executed at. Also, a lot of his Boomerang trades get stopped out at the low / high of the move, because 2.5 points is too small a stop, and he doesn't look for the edge on the trade entry.

(2) In the trading room he takes a LOT of bottom / top fishing trades that don't have ANY of the Boomerang indicators to back them up. On a big trending move, because he can't stay with the trade that started the trend, he's always looking to go the other way before any signs of a turnaround happen. So he'll get 1 good small trade at the beginning of the trend, then take 2 against the trend trades that he gets steamrollered on, and then finally get a trade at the turnaround that works. Net result is often 50/50 at best, and sometimes the big 25-30 point daily losses. Maybe he turned it around today and started following the indicators, we'll see. Or today could just be the blind squirrel sometimes finding that nut.

But he's a real action freak, he can't stay with a winning trade when the indicators tell him to. And conversely, last Friday (which was a disaster), he had a trade that was up 10 points, and let it go to a 2 point loss, getting stopped at the lows before it went up again, and another trade that was up 6-7 points that went back to break even, he took it off break even, and then it went up 10-15 points. So obviously, "trade management" is not one of his strong suits, to say the least!

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