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3 ticks scalping
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3 ticks scalping

  #11 (permalink)
Membership Temporarily Revoked
Moline IL USA
 
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ES Scalping Strategy

I have an ES scalping strategy for a 4 tick profit. I suppose you could exit on 3 ticks if you want to.
I wrote an indicator for this also. It's written for Trade Station. If you're using trade station I would be happy to share it with you.

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  #12 (permalink)
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kbaker9247 View Post
I have an ES scalping strategy for a 4 tick profit. I suppose you could exit on 3 ticks if you want to.
I wrote an indicator for this also. It's written for Trade Station. If you're using trade station I would be happy to share it with you.

Sure please do so

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  #13 (permalink)
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SeoulPropTrader View Post
Sure please do so

I just noticed you don't have trade station. It will only work for trade station.

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  #14 (permalink)
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I'm going to go ahead and say that the fact that you're trading 50 contracts at a clip and you've done everything possible to minimize your trading costs means that you're less likely to lose your equity than others. But, I have to agree with Mike . . . You should probably stop what you're doing.

You talk about scaling back on vague terms like "if it's still not going well in a week". You need to have a quantifiable approach to position sizing. If it's not going well (your equity curve is declining) then you should be reducing the number of contracts you trade according to an objective mathematical formula. Not on gut instinct, or when you feel like it. This doesn't mean you have to trade quantitatively - I'm just talking about position size.

If your strategy depends upon volatility then find some way to measure it, and don't trade when markets are quiet.

Hope that's helpful to you,

Nick

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  #15 (permalink)
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BestBrokerDeals View Post
I'm going to go ahead and say that the fact that you're trading 50 contracts at a clip and you've done everything possible to minimize your trading costs means that you're less likely to lose your equity than others. But, I have to agree with Mike . . . You should probably stop what you're doing.

You talk about scaling back on vague terms like "if it's still not going well in a week". You need to have a quantifiable approach to position sizing. If it's not going well (your equity curve is declining) then you should be reducing the number of contracts you trade according to an objective mathematical formula. Not on gut instinct, or when you feel like it. This doesn't mean you have to trade quantitatively - I'm just talking about position size.

If your strategy depends upon volatility then find some way to measure it, and don't trade when markets are quiet.

Hope that's helpful to you,

Nick

Your username seems very odd for a regular futures.io (formerly BMT) user.

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  #16 (permalink)
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tturner86 View Post
Your username seems very odd for a regular futures.io (formerly BMT) user.

Hello,

Really? Odd in what way?

Regards,

Nick

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  #17 (permalink)
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BestBrokerDeals View Post
Hello,

Really? Odd in what way?

Regards,

Nick

In a self-promotion/vendor type of way, especially considering you did not notify us of your vendor status as required and as you were told when signing up.

Mike

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  #18 (permalink)
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Big Mike View Post
In a self-promotion/vendor type of way, especially considering you did not notify us of your vendor status as required and as you were told when signing up.

Mike

Hi Mike,

It's a while since I signed up, but I wasn't aware that I'd failed to declare anything during the signup process. If I have, then it's accidental - please do feel free to edit my profile to correct this. I'm not here to sell or promote any product, but to share what experience I have and to learn from others.

If you feel my participation in the site won't be beneficial then just let me know and I'll stop posting.

Kind regards,

Nick

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