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Stop Size for ES
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Stop Size for ES

  #11 (permalink)
Trading for Profit
Kansas City, MO U.S.
 
Futures Experience: Intermediate
Platform: ToS, Ninja
Favorite Futures: ES, Currency, Tacos
 
DrewDown's Avatar
 
Posts: 211 since Mar 2015
Thanks: 301 given, 118 received

I invariably use an 8 tick stop while trading the ES. It was difficult at first, frustrating, but I kept the rule and it forced me to rethink entries. I find that I do not get stopped out as much, now. Perhaps this would be a little tight for some, but I find that when I place my orders near the extremes of my bollinger bands, I do not often take any heat. So that also reinforces the use of the rather small stop, in that if I am placing a failed trade that goes 2 points against me when the price is already overextended by my reading of it, then I need to find a better entry, or walk away for a few minutes and think about what I'm really seeing.

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  #12 (permalink)
Trading Apprentice
Bangkok, Thailand
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 3 since Apr 2015
Thanks: 1 given, 0 received

What settings....


DrewDown View Post
.... near the extremes of my bollinger bands......



Can you share what settings you use?

KSAguy

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  #13 (permalink)
Trading for Profit
Kansas City, MO U.S.
 
Futures Experience: Intermediate
Platform: ToS, Ninja
Favorite Futures: ES, Currency, Tacos
 
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KSAguy View Post
Can you share what settings you use?

KSAguy

2 standard deviations, 14 bar period. Stock setting in Ninja Trader.

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  #14 (permalink)
Elite Member
New York City + New York/USA
 
Futures Experience: Advanced
Platform: Sierra Chart
Favorite Futures: ES
 
Posts: 19 since May 2014
Thanks: 12 given, 11 received

At most, I use a 6 period 2x ATR stop on the 5 minute chart.

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