Automating for a 1 tick scalp? | Traders Hideout


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


Traders Hideout


Discuss day trading practices and futures trading strategies on this forum for all markets. This forum is also for discussing and reviews for brokers, data feeds, and commercial or third party add-ons




 

Automating for a 1 tick scalp?

  #10 (permalink)

Market Chamois
Chicago, IL
 
Trading Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,992 since Nov 2011
Thanks: 6,257 given, 3,616 received



Revan View Post
Enter at limit *bid/ask doesn't change* exit at limit! (jokes aside anyone ever tried that?)

I'm using the dom, what's the best way to automate for a one tick scalp?

Enter at limit exit at market?

Enter at market exit at limit?


Some other complex trailing type thing? my target is 1 tick, any advice? I'm entering via my own discretion (no AI)

Dear @Revan

I have some advice:

You must Always Always Always think of the Risk first.

Forget about what your target is.....What is your RISK?

Trading is all about Risk management. Entering the market pales in comparison to strategizing Risk.

Better to burn your cash..... at least you can warm your hands or roast marshmallows.

Ron

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Blash for this post: