Is this strategy a good one? - Psychology and Money Management | futures.io
futures io futures trading


Is this strategy a good one?
Started: by sangam Views / Replies:3,972 / 48
Last Reply: Attachments:2

Welcome to futures io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • 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, and we will never resell your private information.

-- Big Mike

View Poll Results: Do you think these results from back testing are promising
Yes 2 11.11%
No 11 61.11%
Can't Tell 5 27.78%
Multiple Choice Poll. Voters: 18. You may not vote on this poll

Reply
 2  
 
Thread Tools Search this Thread
 

Is this strategy a good one?

  #41 (permalink)
Trading Apprentice
Toronto
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: Futures
 
Posts: 18 since Oct 2012
Thanks: 5 given, 4 received

Hey Jura,

I will check out kevin's threads. Thanks for that. I am aware that there are quite a few quirks associated with back testing, but I don't understand how a stop loss order would not be the largest losing trade. My stop loss is initiated as I enter the market. I can't wrap my head around it, how can a predefined stop loss not be met? If the market falls below my stop loss, my order would be met before falling to a lower level.

And regarding your second point, I merely meant to say that the strategy is doing as I expect it to. I was providing you justifications for the numbers, the way they are is because I wanted them to be so. And again, I welcome your thoughts. And thanks for replying.

Reply With Quote
 
  #42 (permalink)
Elite Member
Hamburg Germany
 
Futures Experience: Advanced
Platform: Multicharts, Tradestation, Multicharts.NET, NinjaTrader, MetaTrader
Broker/Data: DTN IQ
Favorite Futures: ES
 
Posts: 1,257 since Apr 2013
Thanks: 201 given, 707 received


sangam View Post
My stop loss is initiated as I enter the market. I can't wrap my head around it, how can a predefined stop loss not be met? If the market falls below my stop loss, my order would be met before falling to a lower level.

Your order is a stop order that would become a market order once the stop price is triggered. The market could gap through your stop price and you'd be executed way below it or in a fast moving market your market order could be filled a couple of ticks away from the stop price etc..

Regards,
ABCTG

Reply With Quote
The following user says Thank You to ABCTG for this post:
 
  #43 (permalink)
Trading Apprentice
Toronto
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: Futures
 
Posts: 18 since Oct 2012
Thanks: 5 given, 4 received



ABCTG View Post
Your order is a stop order that would become a market order once the stop price is triggered. The market could gap through your stop price and you'd be executed way below it or in a fast moving market your market order could be filled a couple of ticks away from the stop price etc..

Regards,
ABCTG

Thanks for the explanation. Would it still be a challenge to limit a loss if I use stop limit order?

Reply With Quote
 
  #44 (permalink)
Elite Member
Lubbock TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Stage 5 Trading
Favorite Futures: CL
 
MWinfrey's Avatar
 
Posts: 1,878 since Jul 2009
Thanks: 1,448 given, 3,297 received


sangam View Post
Thanks for providing me feedback several times. In no way am I ignoring the comments being made here. I like to learn from experience as its the quickest way!

You previously mentioned that you understand the workings of unirenko and you are able to back test successfully. Could you please shed some light on that or give me a link to a post if you've previously mentioned it. Also, I read on ninjatrader support forums to use 2 chart DataSeries/time frames. Renko to spot a trade and the tick series for execution of trades. If I were to do that, would the "problem" be resolved or would it still persist.

And I shall definitely forward test my strategy and see if it's consistent with the historical trades or not. Would the result differ if Market Replay is used?

Don't do the mutitimeframe yet. That introduces more complexity than I think you need right now. IMO, forget about market replay. I hate market replay. Just doesn't do the trick for me. Some will disagree with me and that's ok because it's a personal preference thing. Just do the forward test as I described. That will tell you if you have accounted for the nuances of the UniRenko or not. I haven't documented anything about using unirenko so I don't have anything to point you to in that regard. When you do the forward test, please post 2 pictures, 1 of the actual trades it took in the live sim market and 1 of the same period on historic.

Reply With Quote
 
  #45 (permalink)
Trading Apprentice
Toronto
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: Futures
 
Posts: 18 since Oct 2012
Thanks: 5 given, 4 received

Futures Edge on FIO

What value do you place on the webinars on FIO?

 

MWinfrey View Post
Don't do the mutitimeframe yet. That introduces more complexity than I think you need right now. IMO, forget about market replay. I hate market replay. Just doesn't do the trick for me. Some will disagree with me and that's ok because it's a personal preference thing. Just do the forward test as I described. That will tell you if you have accounted for the nuances of the UniRenko or not. I haven't documented anything about using unirenko so I don't have anything to point you to in that regard. When you do the forward test, please post 2 pictures, 1 of the actual trades it took in the live sim market and 1 of the same period on historic.

Will Do! As soon as I get a chance! Still have exams going on.

Reply With Quote
The following user says Thank You to sangam for this post:
 
  #46 (permalink)
Elite Member
Hamburg Germany
 
Futures Experience: Advanced
Platform: Multicharts, Tradestation, Multicharts.NET, NinjaTrader, MetaTrader
Broker/Data: DTN IQ
Favorite Futures: ES
 
Posts: 1,257 since Apr 2013
Thanks: 201 given, 707 received


sangam View Post
Thanks for the explanation. Would it still be a challenge to limit a loss if I use stop limit order?

What would happen if your limit order doesn't get executed, but price keeps moving against you?

Reply With Quote
 
  #47 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: AOL
Favorite Futures: Lumber
 
Itchymoku's Avatar
 
Posts: 2,846 since Apr 2012
Thanks: 1,642 given, 3,503 received

Forward testing > market replay if u have the time because you can avoid the news and use market sentiment in your favor.

Reply With Quote
 
  #48 (permalink)
Elite Member
Hammonton NJ
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: NT Continuum
Favorite Futures: Indexes (Indices?)
 
Posts: 64 since Nov 2014
Thanks: 145 given, 35 received


sangam View Post
Will Do! As soon as I get a chance! Still have exams going on.

This thread ended so abruptly! I was really enjoying the back-and-forth. @sangam, did you continue with your strategy development? Three years have gone by...what's the status?

Reply With Quote
 
  #49 (permalink)
Trading Apprentice
Minneapolis+ MN / USA
 
Futures Experience: Advanced
Platform: NT
Favorite Futures: 6E
 
Posts: 28 since Jan 2011
Thanks: 1 given, 45 received

How does one post with out sounding like a total jerk? I'd wager he lost everything. When one starts out asking if his strategy works, we already know that it doesn't. It's like when a certain President told us he didn't have sex with that woman, we knew for positive that he did.

Reply With Quote

Reply



futures io > > > Is this strategy a good one?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Mastering Trading Pysychology w/Brett Steenbarger & Trading Technologies

Elite only

PTMC Protrader Platform First Look w/Sergey Sokolov

Elite only

Spring Grains Outlook w/Sean Lusk @ Walsh Trading

Elite only

FIO Video Journal Challenge featuring NinjaTrader ($2,000+ of prizes)

April

Process above all else w/Anthony Crudele @ Futures Radio Show

Elite only

Machine Learning - Quantitative Trading w/Martin Froehler @ Quantiacs

Elite only

Market Dynamics w/Peter Davies @ Jigsaw Trading

Elite only

Ask Me Anything w/Patrick Rooney @ Trading Technologies

Apr 18

Ask Me Anything w/FuturesTrader71

Apr 19

Machine Learning w/Kris Longmore

Elite only

Market Analysis w/Dave Forss

Apr 25

Introducing iSystems with Stage 5 Trading

Apr 27
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
strategy analyzer - any good? to backtest /optimize? emini_Holy_Grail NinjaTrader 7 November 1st, 2012 08:01 AM
Validating an automated Forex strategy with performance that is just too good? drolles Currency Futures 2 May 9th, 2012 11:25 PM
Good strategy for strategy trader bomberone1 Platforms and Indicators 5 June 19th, 2011 06:03 PM
Is this strategy good enough? baruchs Currency Futures 145 March 7th, 2011 11:35 AM
Who thinks this is a good strategy? Big Mike Traders Hideout 25 November 9th, 2009 03:23 PM


All times are GMT -4. The time now is 04:30 PM.

no new posts
Page generated 2017-03-23 in 0.13 seconds with 21 queries on phoenix via your IP 54.197.180.64