Could you creat this keep me from trading indicator? - NinjaTrader Programming | futures io social day trading
futures io futures trading


Could you creat this keep me from trading indicator?
Updated: Views / Replies:1,728 / 13
Created: by Upupandaway Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you dont need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Could you creat this keep me from trading indicator?

  #11 (permalink)
Elite Member
Los Angeles, CA
 
Futures Experience: Advanced
Platform: TOS, NT
Broker/Data: AMp Futures/CQG
Favorite Futures: Options, Futures
 
Posts: 16 since Sep 2010
Thanks: 15 given, 9 received

Im in a similar position with poor self control.
I see nothing wrong with having an automated "kill switch" that will ignore opening orders when ""x" condition(s) =true.


If I cant control myself, the computer will be my "sponsor"

This "kill switch" project has been my latest craze, so no, I'm not trying to "run up the post count

AK

Reply With Quote
 
  #12 (permalink)
Elite Member
Northern Germany
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: FDAX, CL
 
vvhg's Avatar
 
Posts: 1,583 since Mar 2011
Thanks: 1,016 given, 2,807 received

Having this kill switch in the computer is the wrong way. It could theoretically help you not to take some stupid entries, but it will not help you with all the rest. There is a very high risk that you delude yourself with such a kill switch and thus still lose money. The switch must be in your head.

It is very likely that the entries will not be the only problem regarding self control. What about moving stops, position sizing, exits.... And if the entry really is the only problem, you probably have come a long way already, just keep going.

The better way in most if not all cases would be to learn to know your strengths and weaknesses as good as you never imagined possible, then work on them. Keep a journal, journal every trade, every thought, feeling, things done well and mistakes. As @Deucalion wrote (btw. one bl**dy brilliant post that is!) learn from your mistakes.

If you manage learning from your mistakes,the next step is to learn from the mistakes of others. Conquer this and you hold the holy grail in your hands.


vvhg

Hic Rhodos, hic salta.

Last edited by vvhg; December 29th, 2011 at 11:34 AM.
Reply With Quote
 
  #13 (permalink)
Elite Member
Lakeland
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: TF
 
Posts: 53 since Sep 2011
Thanks: 4 given, 16 received


How about approaching the problem from another angle.

Plot all your conditions on the chart, and when all of them align, the system should draw an arrow, or what not. And then only take plotted entries? (After much backtesting though).

Reply With Quote
 
  #14 (permalink)
Elite Member
Los Angeles, CA
 
Futures Experience: Advanced
Platform: TOS, NT
Broker/Data: AMp Futures/CQG
Favorite Futures: Options, Futures
 
Posts: 16 since Sep 2010
Thanks: 15 given, 9 received

@vvhg
You are 1000% right... "Self mastery" is the holy grail for just about anything..
control of emotions in any and ESPECIALLY in "high adrenaline" situations is quite difficult for most people.

I'm working on that every day...

My custom indicator nails entries almost dead on, but lacks the "wisdom" of respecting the trend or identifying trend/chop days.

My system will throw up a "yes/no" box as a signal.
I'll be making the final call on whether it takes the trade or not.


the point of this is for the system to identify these "golden" set ups and alert me to them, setting constant Stops and position size.

Also rules like "if x and y are true, close all (longs/shorts) and ignore any orders for long/short as long as the conditions are present" should be a nice way to develop self control...similar to shock collars they have to teach dogs to stop barking. (Id wear one if it shocked me every time i made a bad trade)

Reply With Quote

Reply



futures io > > > > > Could you creat this keep me from trading indicator?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Viper Trading Systems Indicator jsengxx Trading Reviews and Vendors 237 August 6th, 2017 11:04 PM
Trading Times Indicator Doppio NinjaTrader 7 May 20th, 2016 02:11 PM
From an indicator to trading signal: arjfca EasyLanguage Programming 6 May 9th, 2016 04:21 AM
volume trading indicator tony2604 Traders Hideout 10 March 17th, 2011 03:34 PM
Trading PA with 20BB and Volume pattern indicator benbrooke Trading Journals 163 March 20th, 2010 02:29 AM


All times are GMT -4. The time now is 06:28 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-17 in 0.09 seconds with 19 queries on phoenix via your IP 54.82.81.154