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My (incomplete) ES intraday trend trading system
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Created: by JACKATK Attachments:4

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My (incomplete) ES intraday trend trading system

  #21 (permalink)
Elite Member
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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...

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  #22 (permalink)
One day...
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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.

Focused goals:
actions in the market are pre-considered
trades only occur when the market has conformed to expectations
donít rigidly stick to initial expectations against all evidence to the contrary
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  #23 (permalink)
 Vendor: www.orderflowdashpro.com 
North Carolina
 
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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.


Last edited by tpredictor; January 22nd, 2017 at 01:32 AM.
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  #24 (permalink)
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looks good to me ..nice job

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

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