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Millionaire in 10 weeks & Conversation with broker
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Millionaire in 10 weeks & Conversation with broker

 
nashville, tn
 
Trading Experience: Intermediate
Platform: Ninja 8
Favorite Futures: es
 
Posts: 85 since Nov 2012
Thanks: 70 given, 17 received

Have you uploaded your indicator to the tradestation here? Will you post some CL charts?

Thanks

Sent using the futures.io mobile app

The following 2 users say Thank You to cshrum for this post:
 
 
Montreal
 
 
Posts: 128 since Jan 2013


cshrum View Post
Have you uploaded your indicator to the tradestation here? Will you post some CL charts?

Thanks

Sorry, I don't have the CL feed and I will send the EL code only to the programmers who are helping me right now.

 
 
Montreal
 
 
Posts: 128 since Jan 2013


Hey Mike, question for you..

When will this msg stop here?


Quoting 
Message:
You may only post 1 messages every 60 minutes.

I keep getting PMs from programmers willing to help me and I can't even reply to them :-(

Is there a threshold that I have to reach again to be able to remove this annoying feature?

 
 
Reno, Nevada
 
Trading Experience: Advanced
Platform: NinjaTrader
Favorite Futures: ZN, ZB, CL
 
phantomtrader's Avatar
 
Posts: 232 since May 2011
Thanks: 54 given, 379 received


MerlinWorld View Post
Sorry, I don't have the CL feed and I will send the EL code only to the programmers who are helping me right now.

Hi - Do you run your tests in market replay or is it the strategy backtest engine on TS? I ask because all these backtesting engines regardless the platform, can be highly inaccurate, particularly if you're using different types of bars (I think you're using Kase bars?)
I used to have TS but their commissions are too high for scalpers. But EL is an excellent development tool. Much easier and more flexible than Ninja.
Anyway, it looks like your strategy is somewhat similar to Martingale which continues to double up. I'm just wondering if you've considered that each trade is independent of previous trades, regardless how the strategy is programmed. If you have unlimited cash to cover drawdowns and limitless time, then the strategy can be successful. But it's unrealistic to think that in a 10 week period you can rely on a setup like that to be successful. If you're working with programmers, I would suggest that you (and they) consider the optional stopping theorem. It's very relevant to doubling strategies.

In any case, good luck with your strat. Remember, even if something doesn't work or has to be tweaked, it's important to know what DOESN'T work as well as what does work. It's the first lesson you learn as a researcher.

The following 3 users say Thank You to phantomtrader for this post:
 
 
Montreal
 
 
Posts: 128 since Jan 2013


phantomtrader View Post
Hi - Do you run your tests in market replay or is it the strategy backtest engine on TS? I ask because all these backtesting engines regardless the platform, can be highly inaccurate, particularly if you're using different types of bars (I think you're using Kase bars?)
I used to have TS but their commissions are too high for scalpers. But EL is an excellent development tool. Much easier and more flexible than Ninja.
Anyway, it looks like your strategy is somewhat similar to Martingale which continues to double up. I'm just wondering if you've considered that each trade is independent of previous trades, regardless how the strategy is programmed. If you have unlimited cash to cover drawdowns and limitless time, then the strategy can be successful. But it's unrealistic to think that in a 10 week period you can rely on a setup like that to be successful. If you're working with programmers, I would suggest that you (and they) consider the optional stopping theorem. It's very relevant to doubling strategies.

In any case, good luck with your strat. Remember, even if something doesn't work or has to be tweaked, it's important to know what DOESN'T work as well as what does work. It's the first lesson you learn as a researcher.

Hi,

I don't run test right now because this doubling technique is just that, a Money Management Technique and without a Trading System, it goes nowhere.

That's why I need help of programmers to convert this EasyLanguage code in to C# and then once we have this indicator on our screens, we will move to the Trading System part.

So yeah, we are not there yet but it's coming along.

Martingale is dangerous because it has no safety nets. It's constant doubling over and over again and we all know where this leads. You have to stop at one point and either bring back all the $ into the first columns of $25 or do like on my diagram here, orange backups at every level you go so that you have at least one safety net per level in case you can't double 3 times in a row.

We'll see

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CSHRUM,

Here's a screenshot of the ES chart for today and yesterday. I haven't found the best settings for the ES because the RTY pays better but if that chart is trending, my indicator should find that trend and show you the best dips to enter.

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Last edited by MerlinWorld; July 30th, 2019 at 05:35 PM.
 
 
Site Administrator
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
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MerlinWorld View Post
Hey Mike, question for you..

When will this msg stop here?

https://futures.io/elite/

We limit PM's for non-Elite because of the overwhelming amount of spam and abuse.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

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The following 2 users say Thank You to Big Mike for this post:
 
 
Raleigh, NC
 
Trading Experience: Intermediate
Platform: NinjaTrader
 
Posts: 20 since Sep 2010
Thanks: 5 given, 14 received

Just pay for it!

Merlin,

May I suggest you simply go over to Upwork.com and hire a programmer for your C+ indicator. I have used Upwork before and it was quick, smooth and extremely affordable if you are looking to hire a programmer. Good luck!

The following 2 users say Thank You to jeffalan for this post:
 
 
Montreal
 
 
Posts: 128 since Jan 2013


jeffalan View Post
Merlin,

May I suggest you simply go over to Upwork.com and hire a programmer for your C+ indicator. I have used Upwork before and it was quick, smooth and extremely affordable if you are looking to hire a programmer. Good luck!

Thanks but I already have a few programmers contacting me (maybe more than I need right now) because I didn't want to hire a guy who don't know trading. I want a mix of trader and programmer that can see it's potential and looks like I was right because I received some PMs.

 
 
Wilmington Delaware
 
 
Posts: 7 since May 2019
Thanks: 0 given, 7 received

Hi Merlin,

I am glad you created an indicator that helps put the odds in your favor. I have created/edited indicators in TOS which uses Thinkscript. I use NinjaTrader for futures, but unfortunately don't know how to write code in C++ or whatever they use. However, I may be able to recreate the indicators in TOS and back test them while also making the formulas of the indicators part of the bars (renko, tick, range, etc...) that way when conditions are met the bar will show a certain color, that way all you need is the bars on the screen. If you'd like to send me the code, I can give it a whirl. Also will these indicators work on any market/timeframe or have you not tried them on anything else but what your currently using?

All the best,
Joe H.

 
 
Rochester NH/USA and soon to be Inglis FL
 
Trading Experience: Intermediate
Platform: NinjaTrader, TOS
Broker/Data: TOS,Infinity,NT
Favorite Futures: ES,YM,NQ
 
jerrt's Avatar
 
Posts: 199 since Nov 2017
Thanks: 613 given, 431 received


Thanks for sharing, you have my interest.

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