NexusFi: Find Your Edge


Home Menu

 





My (incomplete) ES intraday trend trading system


Discussion in Emini and Emicro Index

Updated
      Top Posters
    1. looks_one JACKATK with 9 posts (2 thanks)
    2. looks_two Hulk with 3 posts (8 thanks)
    3. looks_3 Seahn with 2 posts (1 thanks)
    4. looks_4 Quick Summary with 1 posts (0 thanks)
      Best Posters
    1. looks_one PandaWarrior with 11 thanks per post
    2. looks_two n7ekg with 3 thanks per post
    3. looks_3 Hulk with 2.7 thanks per post
    4. looks_4 Tymbeline with 2 thanks per post
    1. trending_up 9,511 views
    2. thumb_up 29 thanks given
    3. group 12 followers
    1. forum 23 posts
    2. attach_file 4 attachments




 
Search this Thread

My (incomplete) ES intraday trend trading system

  #21 (permalink)
 Alexander Savin 
Europe
 
Experience: None
Platform: RTP, IRT
Trading: ZB, FGBL
Posts: 53 since Apr 2016
Thanks Given: 53
Thanks Received: 58


JACKATK View Post
Thanks for the advice Seahn. Is there a liquid futures market you can recommend that would be better suited to my methodology? CL's out the question I'm starting with $7.5k

Why don't you try the Micro Euro Future first and then move on to other products once you are profitable?
Granted, it's not very liquid, but could help you identify flaws in your strategy. Just an idea...

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Futures True Range Report
The Elite Circle
Better Renko Gaps
The Elite Circle
ZombieSqueeze
Platforms and Indicators
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
38 thanks
NexusFi site changelog and issues/problem reporting
27 thanks
GFIs1 1 DAX trade per day journal
19 thanks
The Program
18 thanks
  #22 (permalink)
 
jackbravo's Avatar
 jackbravo 
SF, CA/USA
 
Experience: Beginner
Platform: SC
Broker: Stage 5
Trading: NQ...uh..ES actually
Posts: 1,337 since Jun 2014
Thanks Given: 4,362
Thanks Received: 2,400

The easy solution to this, and something I wish I knew about at the beginning, is market replay (different than SIM). Take your strategy and try it in market replay. I think the two softwares with replay are ninjatrader and sierra chart. If you're profitable on replay, then try to pass a combine with TopStepTrader. If you can do that, then go live. $7500 should be enough.

"It does not matter how slowly you go, as long as you do not stop." Confucius
Reply With Quote
  #23 (permalink)
 tpredictor 
North Carolina
 
Experience: Beginner
Platform: NinjaTrader, Tradestation
Trading: es
Posts: 644 since Nov 2011



Quoting 
Entries have to be taken with a buy or sell stop market order.

This might be worth testing/questioning or creating more advanced rules for.


Quoting 
The strategy works great on trend days and reasonable sized range days but I still need to work on staying out of the market during tight choppy days. This is a question of personal discipline which I'm working on at the moment.

Filter might help using daily data. Are the charting periods you chose arbitrary? Differing bars/types can have different spectral(?) qualities. You can either attempt to analyze the types using data analysis techniques or simply build a test system (i.e. buy new highs) and run it against the various bar types and pick the frequency that does best.


Quoting 
Also, When I catch a big winner it normally turns into a loser because I have no exit strategy. Any ideas are welcome. I really need to maximise my winners because trading the 500 tick chart obviously leads to many small losses.

For trend systems, it's hard to beat end-of-day exits. If you had a larger account, you could attempt to become an active buyer/seller, i.e. buying and reselling all the way up. But, that requires a degree of trading skill and might be risky on a small account. Small movements tend to mean revert. You might try to use a limit order to exit at a better price. The highest volatility is during the morning, and also the earlier you enter then the greater the trend you can catch. If you're not going to hold past the close then it might make sense to look at an entry time filter. A simple rule would be limit your give back to 50% of your profits once you're up a tangible amount, whatever that is for you.

Reply With Quote
  #24 (permalink)
 
forgiven's Avatar
 forgiven 
Fletcher NC
Market Wizard
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym es
Frequency: Every few days
Duration: Days
Posts: 862 since Mar 2012
Thanks Given: 287
Thanks Received: 580

what it looks like you are doing is looking for a volitilty brake out. you could down load the squeeze indicator here and scan multi markets for the best set up. hope it helps

Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote




Last Updated on February 12, 2017


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts