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My ES Scalping Strategy, 2+ pts/day
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My ES Scalping Strategy, 2+ pts/day

  #171 (permalink)
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jwdixon View Post
Also with my auto entry using the ATM for the order placement ninja trader will not let you back test or show the trades on the chart the the strategy is running on, that is why you only only see the arrows on the bar that a trade was placed, and then I showe the boxes...the trades show up on all the other charts.

I don't understand your entry based off of the charts, but if it's the same entry as the one you described in the OP, how is it different than the entry here:

https://futures.io/ninjatrader-programming/24425-new-strategy-coding-help-4.html#post281580

Basically, enter long as follows: If price is below the 21 DC mean and crosses above by 8 ticks, trail a buy limit order one tick above the 21 DC mean.

Sounds very similar to what you described in OP.

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  #172 (permalink)
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Now I know what you are talking about, I followed that for awhile, it come down to all the things you cant program...... That system is what FD came up with, from what I was trading over a year ago. Its not exactly what I was doing but using basically the same indicators in a different way. I understand some peoples need to get things programmed, I went through that phase years ago, all I did was waste time and money, never got any trading done because I was always trying t get bugs worked out and better results with the profit curve. Another problem with so many of the programs is you cant take into account news, slow days that you can only feel real time, and prob the most important is the time of day its trading, and having it stop after some amount of profit.

You can try programming all that into your system just in time to have things change on these short time frames that we scalp from....good luck, and if you get it done don't share it... I think my time has been better spent trying to learn how to see the market, I am by no means perfect or even great all the time, but I think I am better than anything I have had programmed in the past
Just my 2 cents

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  #173 (permalink)
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1/10 Thursday


WOW another bad day for me, I think I stuck to my plan of trading the tick chart with manual entries....that's what I did. I got a few bad breaks, went for more profit on a winner that did go in my favor and ended with BE. The school run and news kept me out for a little while and then again a few chops.

With this vary low VIX and real choppy market, it is not acting like I am used to and I am having a hard time, at this point I am down about $400 this week, and with this price action as it is, I don't think I will trade on Friday, it is probably a mind thing I have but I would like to see the ES get back to "normal" for me if there is such a thing before I trade too much more.

Perhaps having the bare minimum in the account to trade is causing me to exit early sometimes....not sure, but for the most part I have taken the signals as they come and of course I get filled on the losers and not on the winners as they seemed to move to fast in the direction I wanted to go so I canceled instead of chasing the market too far. I am not sure what to do at this point other than maybe watch for a few days and see what comes...I hate to walk away as 2 bad days shouldn't make a trading system invalid...the market is just changing or waiting for something to happen to get the volume back..... I guess and I might need to let it do its thing....

I tried to mark the chart so you can see what trades I did take and where I tried to get in but it did not happen, now that I need to leave the house the market will probably be great the rest of the day....

I hope others had better results than I did today

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  #174 (permalink)
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jwdixon View Post
WOW another bad day for me, I think I stuck to my plan of trading the tick chart with manual entries....that's what I did.

With this vary low VIX and real choppy market, it is not acting like I am used to and I am having a hard time, at this point I am down about $400 this week, and with this price action as it is, I don't think I will trade on Friday, it is probably a mind thing I have but I would like to see the ES get back to "normal" for me if there is such a thing before I trade too much more.

JW, you said you stuck to your plan. What was your plan this morning? I see you went long 2 or 3 times, then short, then long, then short after the move down. You also said in your chart "I can't get a break" -- I don't know what type of break you expect to get. Your trades seem pretty random and do not seem to consider the context of the day.


jwdixon View Post
and of course I get filled on the losers and not on the winners as they seemed to move to fast in the direction I wanted to go so I canceled instead of chasing the market too far.

JW, this is to be expected. Ever heard "good fill, bad trade"? It is very logical--when there has been an established demand for prices (i.e., the market is moving directionally), it does not give much opportunity to re-enter at those prices. You either get in earlier, with less demonstrated market conviction, or you must pay for the privilege to be part of the market. This is not personal, it does not care about your feelings, it's just how supply and demand work.


jwdixon View Post
I am not sure what to do at this point other than maybe watch for a few days and see what comes...I hate to walk away as 2 bad days shouldn't make a trading system invalid...the market is just changing or waiting for something to happen to get the volume back..... I guess and I might need to let it do its thing....

Honestly, today was the best day IMO this year, in terms of market movement. Not MY best day, but the market moved quite cleanly. It was "normal" ... quite predictable though I must confess that I had a losing trade that still was a pretty good trade that did not work out as I expected it to. In other words, we all have times where we trade better in market conditions that suit our style. Perhaps these conditions do not suit your style as well, but having seen and traded ES more than a few days, this one was not far off what I would call normal.


jwdixon View Post
now that I need to leave the house the market will probably be great the rest of the day....

Self-pity feels good, but it saps our energy and ability to perform well. This morning the market provided a beautiful short opportunity that I took advantage of. This afternoon I had my losing trade, and did not buy on the way up, but many who did had a wonderful afternoon. Am I to conclude that the market had a great morning and a crappy afternoon, while you conclude that the morning was terrible and the afternoon was great? The market is just the market, and it is neither great nor terrible. Sometimes a larger range or more tradable conditions allow us more opportunity, but we choose when to trade and when to stay out, we choose our risk, and we are responsible for whether the day is great or not. Everybody says this, but it's one of the few oft-repeated ideas among the plethora of useless ideas in trading that is actually helpful and true--in short, why blame the market for your losses, your bad fills, or anything else? I would love to have a "feel good" party and tell you how right you are, but that will only prolong your pain and confirm your attitudes which very clearly are contributing to your struggling. We all have poor attitudes from time to time, and the sooner we get out of them the better chance we stand to trade well.

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  #175 (permalink)
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jwdixon View Post
With this vary low VIX and real choppy market, it is not acting like I am used to and I am having a hard time, at this point I am down about $400 this week, and with this price action as it is, I don't think I will trade on Friday, it is probably a mind thing I have but I would like to see the ES get back to "normal" for me if there is such a thing before I trade too much more.

I am not sure what to do at this point other than maybe watch for a few days and see what comes...I hate to walk away as 2 bad days shouldn't make a trading system invalid...the market is just changing or waiting for something to happen to get the volume back..... I guess and I might need to let it do its thing....

Using a baseball analogy, choke up on the bat and try to hit some singles. In your case, try for 3 tick targets to get some win's under your belt. You could go into sim mode to stay in practice or work on your ATM strategy until the VIX turns back up. One way or another your going to have to hunker down and ride through this low volatility phase, it will end and the sun will break through the clouds, it always does.

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  #176 (permalink)
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jwdixon View Post
I understand some peoples need to get things programmed, I went through that phase years ago, all I did was waste time and money, never got any trading done because I was always trying t get bugs worked out and better results with the profit curve.

I think it depends on the programmers' experience.


jwdixon View Post
Another problem with so many of the programs is you cant take into account news, slow days that you can only feel real time, and prob the most important is the time of day its trading, and having it stop after some amount of profit

Actually, these are all very easy to program. You could even backtest using NT's built backtester. And slow days means different things to different people, but in short, I could "identify" my type of slow days. Also, if you have a profitable strategy under certain conditions, there should be no reason to not continue trading as long as the favorable conditions exist in the market, but even then, it's very easy to program profit exits.


Last edited by grimReaper; January 11th, 2013 at 02:06 AM.
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  #177 (permalink)
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interesting strategy

can you also use it for the emini nasdaq also in your opinion. Thanks.

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  #178 (permalink)
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As for me, its difficult to use for scalping indicators like ma... becasue often you will get late signals.. for every 10 trades, how many losers do you have and which is rr ratio?

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  #179 (permalink)
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Step back

Sometimes getting away from the ticks and minutes and just watching the momentum of the overall market can re-energize one's thinking.

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  #180 (permalink)
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i have a question for you. For long does dc 21 mean line has to be below dc 10 mean line and for short does dc 21 mean line has to be above dc 10 mean line? I just got confused when I was looking at your screenshots and videos where you would trade even though bar does not cross dc 21 mean. Thank you in advance.

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