I am a new member here. This is my first posting.
I have been testing this method for two weeks.
This is just a demo account in XTrader but I will trade with real money next Monday.
My style is to stay with the market almost all the time to try to catch a move either down or up in the short time.
The contract holding limit is 50 contracts at any one time.
I use the method of averaging out the entry points either short or long.
I am holding a full time job so I am only able to trade for about 2 1/2 -3 hours in the morning.
Here is the result.
I wonder anyone out there trading with the same style and I appreciate any comments about this method.
I'm just a simplton but it seems like trading up to 50 lots at a time is a lot for a beginner aside from that I hope this thing works in the real world and not just on sim...seems like there would be a good possibility this would blow up in your face and if nothing else kill you on round trip costs. Like I say though I'm a discretionary simpleton and don't know much about your apparently automated robot thing. There is a thread around here on that stuff you could look into to kick around ideas. I do hope it works for you though, I'm not sniping you, I like to see everyone kick the markets butt.
I combined BB with std deviation of 2.5 ( I got this BB setup by viewing a thread on this forum ), the time and price based on the assumption that at a certain price movement in a certain time, the market will change direction, either retrace or bounced back. The real trading is very close to the testing and I will
I use 1 minute time frame.
I do not use any automated trading program. I just trade on the feel of the movement of ES market which is in nature volatile almost everyday. I try to use some indicators in the past but not-so-greate results.
I'd second that. I mean all due respect to, you got alot of entries on that chart, and that is just not realistic. 50 Contracts is not realistic. You may have the money for it, but I doubt you have the brain power to sustain something like 50 contracts and that many of entries. Try 1 contract, prove it first, before you set to kill it.
Markets are now very volatility, you can find burning your account, if we see again similar behaviour like early august, and 2008. Start smaller number of car's if you really have to be in markets now.
Simulator trading, will only help you to get familiar with your trading platform.
Live trading is totally different, during august it was'nt easy to get filled price, what you want, price was changing so rapidly. If you try to get bid or ask, and if you place market order, it's allready far away when you get fill.
And also when daily ranges are so wide now and you have tested only two weeks, and if ranges go back to "normal", how your method and you work out. Go live, if you want't learn, but I think this is not best moment.
Maybe it's better wait when VIX is back to 23 level about or under average.
The following user says Thank You to kk240 for this post:
First glance, this is a counter trend mean reversion type strategy. That's great when the market is ranging. When it is trending, you'll blow up your account.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.
The following 4 users say Thank You to Big Mike for this post: