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3 ticks scalping


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3 ticks scalping

  #11 (permalink)
 kbaker9247 
Moline IL USA
 
Posts: 22 since Jul 2014

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)
 SeoulPropTrader 
Las Vegas, Nevada
 
Experience: Master
Platform: Sierra Chart
Broker: Advantage Futures
Trading: ES
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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)
 kbaker9247 
Moline IL USA
 
Posts: 22 since Jul 2014



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)
BestBrokerDeals
London, UK
 
Posts: 13 since Jun 2014
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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)
 
tturner86's Avatar
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
Posts: 6,191 since Sep 2013
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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)
BestBrokerDeals
London, UK
 
Posts: 13 since Jun 2014
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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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 Big Mike 
Manta, Ecuador
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Swing Trader
 
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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)
BestBrokerDeals
London, UK
 
Posts: 13 since Jun 2014
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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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