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The Crude Dude Oil Trading System
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The Crude Dude Oil Trading System

  #801 (permalink)
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Many thanks for the link.

So a cherry pick trades to get clients for 2K? Like trading 4 different products and send out to potential clients the best performing one?

Saw once someone trading 2 accounts-one long and the other one short. Whatever works out to be a positive trade is the one he sent out.

Any idea what is the indicator on the second panel?

IH


Last edited by Big Mike; August 5th, 2016 at 04:30 PM.
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  #802 (permalink)
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IzhakHaim View Post
Hi all,

I am getting a daily email from a Pro9Trader, shows winning 2-4 trades every day in oil and other futures.

Never got an email that shows a down day. (the real "Holy Grail"????)

They use 3 EMA (10,20,50), Renko 14 bars and some kind of Stoch' on the second panel.

Does any1 familiar with the stoch' setting on the second panel? (pic attached)

Many thanks.

The chart you posted looks a lot like MLM's method, you may want to take a look at his thread here... MLM's method / journal. The "Stoch" on the chart looks like a CCI of some sort, certainly not a stochastic.

Be Patient and Trade Smart
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  #803 (permalink)
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Cyborg Trading


As someone who has thoroughly investigated automated trading (and lost a substantial amount of money on it as well), I do see some advantages of trying to be more robotic in my own trading along with retaining my brain's ability to discern things that automated programs seem to be unable to do.
The problem with every automated program I have come across is that they are generally unable to make adjustments for variations in market conditions..such as consolidated choppiness..or sudden spiky chaotic price movement. There are those times when my brain would be able to tell that a signal does not have the right conditions underlying it..that would make it a valid trade setup. That's why in automation, one has to endure a certain amount of drawdown..that I feel is unnecessary if one has the ability to process the context behind underlying trade signals. Without that, one can mindlessly fire off trades at the wrong moments.
Of course most traders never understand that. Instead, as is evident on most trading forums, the heaviest viewed threads deal with unending experiments in chart and indicator settings, under the false assumption that the right combination will yield the Grail-like magic. Somehow plotting that newest bar setting on that renko, tick, kagi or volume chart will suddenly transform one into a Master Trader. But I digress.....
The aspects of a trading robot that is superior to an average human is that it doesn't stop trading because it lost three trades in a row. It doesn't get angry and perceive the market through a prism of emotion instead of objectivity. It doesn't stop trading because it won a few trades and wants to finish the day off as a winner. It doesn't get nervous and prematurely exit a trade just because a trade moves 6 or 7 ticks against it's entry. It takes all setups that meets the parameters.
So what I feel I need to do..is retain my discretion for entries, properly processing market conditions with my brain, and be more like the robot in the previously mentioned aspects. Thus...Cyborg trading.

Failure is not an option
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  #804 (permalink)
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IzhakHaim View Post
Many thanks for the link.

So a cherry pick trades to get clients for 2K? Like trading 4 different products and send out to potential clients the best performing one?

Saw once someone trading 2 accounts-one long and the other one short. Whatever works out to be a positive trade is the one he sent out.

Any idea what is the indicator on the second panel?

IH

Here's the thing. I get their emails. And they trade several markets, but only send out what they did in one market that they were successful in. So it really is cherry picking. I've started to send them an email to send out the results for every market they trade every day, then you would get an idea. But I didn't because I know they would never do it.

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  #805 (permalink)
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Futures Edge on FIO

Which products do you trade?

 

emini2000 View Post
Here's the thing. I get their emails. And they trade several markets, but only send out what they did in one market that they were successful in. So it really is cherry picking. I've started to send them an email to send out the results for every market they trade every day, then you would get an idea. But I didn't because I know they would never do it.

Yes, that the feeling I have. Every day I get email but it is not the same product they showed yesterday, therefore, clearly, cherry picking the winners. The chart (see above) does look great as to the perfect entry but shows just the winning trades....

IH

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  #806 (permalink)
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I definitely agree about bots. A real profitable bot is imo out of reach of the common retail investor at the beginning of his journey into trading. The paradox is that those who look much after bots are beginner (i know that from personal experience ...).

The other common trap with bot/system is the false idea that if you accept to win small you will win almost all the time. In fact accepting a small reward is the best way to increase risk. But on the other bands it doesnt mean that all trades will be big winners. I have in my folders a system that can win 95% of the trades for a small fixed target of 5t. But it is a fraud because to achieve that you need to have a huge stop that wipe out your profit when he loses. That is the kind of mistake beginners like me does.

So the right attitude is yours @lancelottrader but it is not easy to achieve. In fact nothing is easy in trading.

Thanks for sharing your thoughts.

R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.
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  #807 (permalink)
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back to my first love

@lancelottrader

I started trading 2RB before I found this forum and your journal. I have been told so many time that I trade wind or noise that the real "big money" is not here that I have lost some time in many directions.

Your trading style and your observations has always had a great impact on mine. After many iterations and interrogations, after having though deeply of the tragic adventure of GaryD I am back where I started.

No more dreams of a being a "big boy" ridding the waves, just a consistent small retail trader.

And by the way the 2RB is at the end of the day a pretty big wave

Thanks.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.
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  #808 (permalink)
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Okina View Post
@lancelottrader

I started trading 2RB before I found this forum and your journal. I have been told so many time that I trade wind or noise that the real "big money" is not here that I have lost some time in many directions.

Your trading style and your observations has always had a great impact on mine. After many iterations and interrogations, after having though deeply of the tragic adventure of GaryD I am back where I started.

No more dreams of a being a "big boy" ridding the waves, just a consistent small retail trader.

And by the way the 2RB is at the end of the day a pretty big wave

Thanks.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Your combination of having a great analytical mind..along with your intuitive sense of finding great adaptive technical bar and indicator settings will definitely prove to be successful.

Failure is not an option
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  #809 (permalink)
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Okina View Post
@lancelottrader

I started trading 2RB before I found this forum and your journal. I have been told so many time that I trade wind or noise that the real "big money" is not here that I have lost some time in many directions.

Your trading style and your observations has always had a great impact on mine. After many iterations and interrogations, after having though deeply of the tragic adventure of GaryD I am back where I started.

No more dreams of a being a "big boy" ridding the waves, just a consistent small retail trader.

And by the way the 2RB is at the end of the day a pretty big wave

Thanks.

Just so I am clear - 2RB is a 2 tick standard Range Bar chart?

Prediction is very difficult, especially about the future - Niels Bohr, Danish Physicist
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  #810 (permalink)
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steve2222 View Post
Just so I am clear - 2RB is a 2 tick standard Range Bar chart?

yes, that is the one you see on my charts as High/Low bars or in Lancelottrader as a line of the closes.

R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.
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