PATS method on DAX mini? - futures io
futures io futures trading



PATS method on DAX mini?


Discussion in Emini and Emicro Index

Updated by 12344321
      Top Posters
    1. looks_one emmett with 5 posts (3 thanks)
    2. looks_two 12344321 with 3 posts (1 thanks)
    3. looks_3 GFIs1 with 1 posts (2 thanks)
    4. looks_4 JMAL with 1 posts (3 thanks)
      Best Posters
    1. looks_one JMAL with 3.0 thanks per post
    2. looks_two GFIs1 with 2.0 thanks per post
    3. looks_3 emmett with 0.6 thanks per post
    4. looks_4 12344321 with 0.3 thanks per post
    1. trending_up 412 views
    2. thumb_up 9 thanks given
    3. group 6 followers
    1. forum 9 replies
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

 
Thread Tools Search this Thread
 

PATS method on DAX mini?

  #1 (permalink)
Christchurch
 
 
Posts: 21 since May 2020
Thanks: 11 given, 7 received

Hi all, wondering if anybody trades Mack's PATS method on the DAX mini with success?

I live in New Zealand and work a day job, so I can't trade the E mini, but I could trade the DAX mini (or another European contract) in the evenings.

Thanks in advance


Last edited by emmett; May 10th, 2020 at 07:14 PM.
Reply With Quote
The following 2 users say Thank You to emmett for this post:

Can you help answer these questions
from other members on futures io?
Convert NinjaTrader NT7 indicator to Tradestation EasyLanguage and RADARSCREEN
Platforms and Indicators
Issue meeting order entry conditions
Elite Automated NinjaTrader Trading
Last 5 minutes Label
ThinkOrSwim
Moving average with Lag reduction
NinjaTrader
Linux?
ThinkOrSwim
 
 
  #2 (permalink)
Houston Texas
 
Experience: Beginner
Platform: NinjaTrader 7
Broker: NinjaTrader Brokerage
Trading: ES, MES
 
JMAL's Avatar
 
Posts: 14 since Jul 2014
Thanks: 4 given, 17 received

H
emmett View Post
Hi all, wondering if anybody trades Mack's PATS method on the DAX mini with success?

I live in New Zealand and work a day job, so I can't trade the E mini, but I could trade the DAX mini (or another European contract) in the evenings.

Thanks in advance

This is coming from someone who has followed PATS for many years now. If you understand what he is teaching then spending a few days studying the DAX market then I believe you would have your answer.

Mack has said what he teaches will work in most markets. I just looked at the DAX for the first time and I believe I could scalp that market based off what Mack teaches. With that said I consider myself a beginner trader.

Reply With Quote
The following 3 users say Thank You to JMAL for this post:
 
  #3 (permalink)
Christchurch
 
 
Posts: 21 since May 2020
Thanks: 11 given, 7 received



JMAL View Post
H

This is coming from someone who has followed PATS for many years now. If you understand what he is teaching then spending a few days studying the DAX market then I believe you would have your answer.

Mack has said what he teaches will work in most markets. I just looked at the DAX for the first time and I believe I could scalp that market based off what Mack teaches. With that said I consider myself a beginner trader.

Thanks JMAL

I suppose I'm really asking if the DAX mini trades with enough volume and without frequent slippage when scalping.

If there are any PATS specialists who trade it, I'm also curious to know how many ticks they set their bars at.

But you're right - I do need to take a closer look.

Cheers

Reply With Quote
 
  #4 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,044 since Feb 2012
Thanks: 5,114 given, 10,565 received


emmett View Post
Hi all, wondering if anybody trades Mack's PATS method on the DAX mini with success?

I live in New Zealand and work a day job, so I can't trade the E mini, but I could trade the DAX mini (or another European contract) in the evenings.

Thanks in advance

Hi
Even I have no knowledge about Mack's PAT method - I know about the DAX a bit.
Movements in the DAX are at the open and into the afternoon on owns' volume and traders. From afternoon when US opening has started the volume is going down and the movements are more aligned with US. Especially after closing 17:30 CET the DAX (futures) moves with American indexes. So you need to watch those when you trade after your working hours.
Of course the best moves are when a country starts to trade: all moves overnight need to be neutralized in some way before making speed in one direction.
Hope it helps
GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to GFIs1 for this post:
 
  #5 (permalink)
Christchurch
 
 
Posts: 21 since May 2020
Thanks: 11 given, 7 received


GFIs1 View Post
Hi
Even I have no knowledge about Mack's PAT method - I know about the DAX a bit.
Movements in the DAX are at the open and into the afternoon on owns' volume and traders. From afternoon when US opening has started the volume is going down and the movements are more aligned with US. Especially after closing 17:30 CET the DAX (futures) moves with American indexes. So you need to watch those when you trade after your working hours.
Of course the best moves are when a country starts to trade: all moves overnight need to be neutralized in some way before making speed in one direction.
Hope it helps
GFIs1

Thanks GFIs1

I'd be looking to trade the first few hours of the London session (my evening), so that sounds like a good fit.

Cheers


Last edited by emmett; May 15th, 2020 at 02:04 AM.
Reply With Quote
 
  #6 (permalink)
Auckland, NZ
 
Experience: Beginner
Platform: NinjaTrader
Trading: MYM, YM
 
Posts: 5 since Mar 2020
Thanks: 17 given, 5 received

Hi Emmett

I know nothing about the PATS method, but I also live in NZ so feel your pain trying to find a suitable market/instrument to trade! I'm trading the MYM, but the early starts are no fun and like you I still have a regular job.

I hope the DAX works for you!

Cheers

Reply With Quote
 
  #7 (permalink)
Christchurch
 
 
Posts: 21 since May 2020
Thanks: 11 given, 7 received


12344321 View Post
Hi Emmett

I know nothing about the PATS method, but I also live in NZ so feel your pain trying to find a suitable market/instrument to trade! I'm trading the MYM, but the early starts are no fun and like you I still have a regular job.

I hope the DAX works for you!

Cheers

Thanks 12344321,

I'm currently in the process of signing up with AMP so I can use Sierra Chart and get a Eurex data feed. Then I'll figure out if the mDax is going to work for me...

How do you find trading the MYM? What time do you have to get up?!

Cheers

Reply With Quote
 
  #8 (permalink)
Auckland, NZ
 
Experience: Beginner
Platform: NinjaTrader
Trading: MYM, YM
 
Posts: 5 since Mar 2020
Thanks: 17 given, 5 received


emmett View Post
Thanks 12344321,

I'm currently in the process of signing up with AMP so I can use Sierra Chart and get a Eurex data feed. Then I'll figure out if the mDax is going to work for me...

How do you find trading the MYM? What time do you have to get up?!

Cheers

It depends on my shift patterns, but I try and trade 2-3 hours between 2-7am (10am -3pm EST) and I normally take 1-2 trades over that period. I've tried trading at different times, but I prefer the RTH session.

At this stage, Iím trying to validate the trading results I achieved in back testing and sim trading. I like the MYM because it has a $0.50 tick value which is allowing me to do this on a live account and limit my risk. I have a number of KPIís Iíve set myself based off my sim results, and Iíll increase the size of my trading account as each one is met. The MYM allows me to increase my trading lots in smaller increments as this additional capital is added.

Reply With Quote
The following user says Thank You to 12344321 for this post:
 
  #9 (permalink)
Christchurch
 
 
Posts: 21 since May 2020
Thanks: 11 given, 7 received


12344321 View Post
It depends on my shift patterns, but I try and trade 2-3 hours between 2-7am (10am -3pm EST) and I normally take 1-2 trades over that period. I've tried trading at different times, but I prefer the RTH session.

At this stage, Iím trying to validate the trading results I achieved in back testing and sim trading. I like the MYM because it has a $0.50 tick value which is allowing me to do this on a live account and limit my risk. I have a number of KPIís Iíve set myself based off my sim results, and Iíll increase the size of my trading account as each one is met. The MYM allows me to increase my trading lots in smaller increments as this additional capital is added.

Impressive! I salute your commitment

Are you with AMP per chance? Regarding withdrawals, I've been trying to work out whether you can use an ACH transfer to send money to a foreign account with Transferwise.

For example, if I funded my trading account with US dollars, could I use ACH to withdraw some of those dollars to a personal Transferwise bank account (in USD). Otherwise it's a US$30 wiring fee for every withdrawal.

Cheers

Edit: I now have the answer direct from AMP, so I will post this as a new thread.


Last edited by emmett; May 17th, 2020 at 07:55 PM.
Reply With Quote
The following user says Thank You to emmett for this post:
 
  #10 (permalink)
Auckland, NZ
 
Experience: Beginner
Platform: NinjaTrader
Trading: MYM, YM
 
Posts: 5 since Mar 2020
Thanks: 17 given, 5 received



emmett View Post
Impressive! I salute your commitment

Thanks - but I think my wife would call it pig-headed stubborness!

Reply With Quote



futures io Trading Community Traders Hideout Emini and Emicro Index > PATS method on DAX mini?




Upcoming Webinars and Events
 

Understanding Order Flow Stop Runs & Icebergs w/Bookmap

May 28
 

Free BloodHound Licenses to everyone!

June
     



Copyright © 2020 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