Target Trader (www.proequitytrader.com) | Trading Reviews and Vendors


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Target Trader (www.proequitytrader.com)

  #8 (permalink)

Just starting out...
USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: TF & ES
 
Posts: 6 since Jul 2010
Thanks: 0 given, 1 received

Hey! Yeah, I trade their system.
I was concerned about the 10 tick stop at the beginning and tested a 5 tick stop, which just didn't work (in my opinion). The TF is so volatile and needs a bit of room to do its thing. I didn't trade the ES for very long when I first began because it just moved too slow and I prefer to be done before the first report. But, 8 or 10 seems to be a good stop. I have been using a trailing stop on the TF and it is working awesome. Sometimes it will stop me at 3 ticks profit, other times I'll take 10+. My stop is set at 10 ticks and moves up to 1 when it hits 3 and trails 2 behind the profit. Honestly, I don't remember the last time I was chopped so the stop is not much of a concern to me. But, I also play super safe with my trailing stop and eliminate being chopped by having such a close trailer.
Wow, it is late! Hope that made sense. :-)

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