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Profit Factor


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Profit Factor

  #11 (permalink)
 
ES Jedi's Avatar
 ES Jedi 
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rocketstock View Post
Takes time. Glad you have it fugred out. I'm trying to get program my eyes. So any other techniques? What hours do you have your algo trading on? Any sideways market techniques?

I'm a discretionary trader so no algo for me .... I use atr to determine sideways market and I usually just sit out sideways unless it's a swide range that I can clearly define, trending markets are just a much easier way to make money so I just sit around and wait for that now. Are you algo trading ?

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  #12 (permalink)
rocketstock
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Nasdaq1517 View Post
I'm a discretionary trader so no algo for me .... I use atr to determine sideways market and I usually just sit out sideways unless it's a swide range that I can clearly define, trending markets are just a much easier way to make money so I just sit around and wait for that now. Are you algo trading ?

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I trade manually. Trying to automate using ninja. That screenshot I posted was automated trading.

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  #13 (permalink)
 
ES Jedi's Avatar
 ES Jedi 
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rocketstock View Post
I trade manually. Trying to automate using ninja. That screenshot I posted was automated trading.

Oh that's impressive I could never get into the algo stuff but with results like that man you'll be crushing it soon

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  #14 (permalink)
rocketstock
Denver CO
 
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Nasdaq1517 View Post
Oh that's impressive I could never get into the algo stuff but with results like that man you'll be crushing it soon

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Thanks man, Trying

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  #15 (permalink)
 
ES Jedi's Avatar
 ES Jedi 
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rocketstock View Post
Thanks man, Trying

Curious why you chose a 3 minute chart? Any particular reason for that time frame?

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  #16 (permalink)
rocketstock
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Nasdaq1517 View Post
Curious why you chose a 3 minute chart? Any particular reason for that time frame?

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To get in more trades. 15 min better profit factor but more actual profit in 3 min. What are your thoughts?

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  #17 (permalink)
 
ES Jedi's Avatar
 ES Jedi 
Las Vegas
 
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Trading: Dow Futures
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rocketstock View Post
To get in more trades. 15 min better profit factor but more actual profit in 3 min. What are your thoughts?

Makes sense I have been backtesting it I think you may be right it's long enough that if your right you'll get followthrough but short enough that you can keep the risk per trade manageable with size ... it appears to be the sweet spot between the 1 min (too noisy) and 5 min(miss potential trades)

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