How many contracts can you trade before affecting market in CL and GC markets? - Commodities Futures Trading | futures io social day trading
futures io futures trading


How many contracts can you trade before affecting market in CL and GC markets?
Updated: Views / Replies:13,802 / 57
Created: by acdrew0 Attachments:1

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 1  
 
Thread Tools Search this Thread
 

How many contracts can you trade before affecting market in CL and GC markets?

  #11 (permalink)
Trading for Fun
portland, OR
 
Futures Experience: Advanced
Platform: NinjaTrader, TradeStation
Broker/Data: Optimus/Rithmic
Favorite Futures: CL
 
Posts: 50 since Nov 2009
Thanks: 5 given, 17 received


Itchymoku View Post
If you make 300% a year and can prove it contact me via pm, I'll give you money to trade with.

I'm not interested in trading anyone's money, and if I were, I already have plenty of friends/family lined up.
But here's proof anyway, 36 month chart...

Attached Thumbnails
How many contracts can you trade before affecting market in CL and GC markets?-screenshot-12-9-12-11-05-pm.png  
Reply With Quote
 
  #12 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: gold blimp
Favorite Futures: pink clouds
 
Itchymoku's Avatar
 
Posts: 2,873 since Apr 2012
Thanks: 1,671 given, 3,584 received


pepelucho View Post
I'm not interested in trading anyone's money, and if I were, I already have plenty of friends/family lined up.
But here's proof anyway, 36 month chart...

I'd assume you can't move the market with one instrument outside of a few ticks because Algos will spot this and bring price back to equilibrium. At least that is my understanding.

Reply With Quote
 
  #13 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,010 since Jun 2009
Thanks: 29,168 given, 82,191 received



pepelucho View Post
I'm not interested in trading anyone's money, and if I were, I already have plenty of friends/family lined up.
But here's proof anyway, 36 month chart...

And how much of that chart is live cash trades, or is this all simulated backtests?

Usually the people asking how much money can they make, how many contracts can they max out at, which broker has lowest margins/most leverage, and creates Excel spreadsheets showing compounding returns with additional contracts --- are the guys that blow up the fastest, because they have no understanding of the markets or risk.

Good luck!

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #14 (permalink)
Trading for Fun
portland, OR
 
Futures Experience: Advanced
Platform: NinjaTrader, TradeStation
Broker/Data: Optimus/Rithmic
Favorite Futures: CL
 
Posts: 50 since Nov 2009
Thanks: 5 given, 17 received

boom goes the dynamite


Big Mike View Post
And how much of that chart is live cash trades, or is this all simulated backtests?

Usually the people asking how much money can they make, how many contracts can they max out at, which broker has lowest margins/most leverage, and creates Excel spreadsheets showing compounding returns with additional contracts --- are the guys that blow up the fastest, because they have no understanding of the markets or risk.

Good luck!

Mike

Thanks for the vote of confidence mike !

;-)

I've been day trading this strategy for several years and haven't blown up. I have had to do several re-optimizations throughout time tho, and have figured out how to tell when the system starts degrading and in need of another re-opt. The particular chart you see is actually a Tradestation Strategy Performance Report graph using 1 contract steadily including $2.50 broker fees per side and no slippage (which I've found to be pretty accurate up to 3 contracts).

I've only been trading what you're seeing since April, and have made about 100% profit since then.

Reply With Quote
 
  #15 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: gold blimp
Favorite Futures: pink clouds
 
Itchymoku's Avatar
 
Posts: 2,873 since Apr 2012
Thanks: 1,671 given, 3,584 received


pepelucho View Post
Thanks for the vote of confidence mike !

;-)

I've been day trading this strategy for several years and haven't blown up. I have had to do several re-optimizations throughout time tho, and have figured out how to tell when the system starts degrading and in need of another re-opt. The particular chart you see is actually a Tradestation Strategy Performance Report graph using 1 contract steadily including $2.50 broker fees per side and no slippage (which I've found to be pretty accurate up to 3 contracts).

I've only been trading what you're seeing since April, and have made about 100% profit since then.


I've been here long enough to see where this is going

Reply With Quote
 
  #16 (permalink)
Trading for Fun
portland, OR
 
Futures Experience: Advanced
Platform: NinjaTrader, TradeStation
Broker/Data: Optimus/Rithmic
Favorite Futures: CL
 
Posts: 50 since Nov 2009
Thanks: 5 given, 17 received

haha


Itchymoku View Post
I've been here long enough to see where this is going

I've been here longer... trust me, this ends here

Reply With Quote
 
  #17 (permalink)
Elite Member
@ Germany
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: FDAX
 
Posts: 430 since Nov 2011
Thanks: 237 given, 366 received

Trusting

Hi @pepelucho,

i've heard that the tradestation strategy run has difficulties with intrabar data, but if you claims that you have achieved the 100% gains with real money since april, then i have no worries about that und trust your statement. If all others fail someone must win. The bashing of successfull strategies here at BM is very annoying. What can you do?

Don't talk about results - only place your questions.

But you have to be cautious to protect your strategy and your daily income. Invest time and efforts to add a high level of protection to your intellectual property (IP). I have spend weeks and there will be further weeks to only add protection of my IP and my source code.

Koepisch

Reply With Quote
 
  #18 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: gold blimp
Favorite Futures: pink clouds
 
Itchymoku's Avatar
 
Posts: 2,873 since Apr 2012
Thanks: 1,671 given, 3,584 received


Koepisch View Post
Hi @pepelucho,

i've heard that the tradestation strategy run has difficulties with intrabar data, but if you claims that you have achieved the 100% gains with real money since april, then i have no worries about that und trust your statement. If all others fail someone must win. The bashing of successfull strategies here at BM is very annoying. What can you do?

Don't talk about results - only place your questions.

But you have to be cautious to protect your strategy and your daily income. Invest time and efforts to add a high level of protection to your intellectual property (IP). I have spend weeks and there will be further weeks to only add protection of my IP and my source code.

Koepisch


Well, you have to understand people find it equally annoying that someone comes out of left field disagreeing saying they make 300% yearly return when they've really made 100% since April (not 97% or 103%, nope 100% on the dot). Not to mention they constantly optimize their system and try to prove the results with a back-test graph. There are a lot of holes here. I'll just go over a couple: Why was slippage excluded? If he's been trading for years how does he not even know how many contracts might or might not move the very instrument of his expertise? It's just the approach that gets me. I really don't like crushing dreams, But I think its equally devastating to not introduce someone to the reality of this career. I mean come on now If someone is truly passionate about trading it's important to be able to take some heat especially when you post 300% return, cammm onn that's askin for it.

And seriously, why do people feel the need to be so secretive about their system? Are you afraid someone will steal the system and over-trade it to the point it won't work anymore in your favor? You think they'll manipulate the market against you? Hell maybe the broker will catch on and reverse engineer it?


Last edited by Itchymoku; December 10th, 2012 at 05:55 AM.
Reply With Quote
 
  #19 (permalink)
Elite Member
@ Germany
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: FDAX
 
Posts: 430 since Nov 2011
Thanks: 237 given, 366 received


Itchymoku View Post
...
And seriously, why do people feel the need to be so secretive about their system? Are you afraid someone will steal the system and over-trade it to the point it won't work anymore in your favor? You think they'll manipulate the market against you? Hell maybe the broker will catch on and reverse engineer it? ...

Yes, thats exactly my opinion. Thats why you never hear or see any statements about the strategies traded by successfull trading persons or companies like hedge funds. I know thats sounds funny or paranoid. But for me it isn't so hard to harden my systems against attacks, it's takes only an long-winded step in the creation of an automatic system. I can only trade a limited amount of contracts with my strategy and i don't need any copycats.

I fully agree with the first part of your post. There are a few red flags in pepelucho's post - but for me no need to not trusting his words. It doesn't bother me if he's telling only the half of the truth. If he's valid - he should take care of security, thats all.

Reply With Quote
 
  #20 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,057 since Aug 2011
Thanks: 966 given, 2,586 received

The original question...


is unanswerable...total folly. Remember the television commercial: How many licks does it take to get to the tootsie roll center of a tootsie pop? There is no way to determine how many contracts you can trade at the inside except to hit or take till you move it.

The talk about 300% return and proving it is also folly guys. I'm not saying you cant do it or that you aren't doing it, simply that talking about it in a public forum is a total waste of time. I mean why would somebody even mention that? It is like a farmer that has discovered that he owns a goose that lays golden eggs building a giant roadside neon sign, "Here lives the magic goose that lays golden eggs!

Bona fide success, while it may leave clues, does not promote itself.

We could look at that specific claim, but what of it...what does that accomplish?

On the other side, what do the detractors say about themselves when they doubt?

My point is focus on productivity, real achievement in the most competitive arena known to man demands focus.
DB

Reply With Quote
The following 5 users say Thank You to wldman for this post:

Reply



futures io > > > > How many contracts can you trade before affecting market in CL and GC markets?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

July Journal Challenge w/$1100 in prizes from TopstepTrader

July
 

An Afternoon with FIO member Softsoap

Elite only

Battlestations: Show us your trading desks and win $750 in prizes

August
 

Extended Ask Me Anything w/Brett Steenbarger

Elite only

Prototyping Python Strategies (part 3) w/Ran Aroussi

Elite only

Brannigan Barrett w/Axia Futures

Elite only

Introduction to Phillip Capital futures brokerage services

Aug TBD

How Monte Carlo Analysis Can Help Your Trading w/Kevin Davey

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Why get dedicated servers near CME if they trade CL, yet CL's exchange is is NYMEX? jpollei Traders Hideout 9 October 9th, 2016 06:00 AM
GC and CL, no trading today? iPlayGames Traders Hideout 5 April 6th, 2012 08:03 AM
CL and GC daily charts joe11 Traders Hideout 6 January 15th, 2012 06:07 PM
What other markets trade like the CL skyfly Traders Hideout 34 May 15th, 2011 12:44 PM
Question about CL and QM Contracts DannyG Traders Hideout 22 December 6th, 2009 07:11 PM


All times are GMT -4. The time now is 12:48 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-07-27 in 0.14 seconds with 21 queries on phoenix via your IP 54.145.101.33