Millionaire in 10 weeks & Conversation with broker - futures io
futures io futures trading



Millionaire in 10 weeks & Conversation with broker


Discussion in Psychology and Money Management

Updated by Big Mike
      Top Posters
    1. looks_one MerlinWorld with 125 posts (116 thanks)
    2. looks_two Big Mike with 20 posts (135 thanks)
    3. looks_3 DavidHP with 15 posts (57 thanks)
    4. looks_4 wldman with 14 posts (49 thanks)
      Best Posters
    1. looks_one Big Mike with 6.8 thanks per post
    2. looks_two DavidHP with 3.8 thanks per post
    3. looks_3 wldman with 3.5 thanks per post
    4. looks_4 MerlinWorld with 0.9 thanks per post
    1. trending_up 29,897 views
    2. thumb_up 772 thanks given
    3. group 77 followers
    1. forum 298 replies
    2. attach_file 123 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

Closed Thread
 
Search this Thread
 

Millionaire in 10 weeks & Conversation with broker

(login for full post details)
  #91 (permalink)
nashville, tn
 
Experience: Intermediate
Platform: Ninja 8
Trading: es
 
Posts: 92 since Nov 2012
Thanks: 75 given, 18 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:

Can you help answer these questions
from other members on futures io?
Macros for flatten and reverse
TradeStation
3x Fangdango
Traders Hideout
QDEL
Stocks and ETFs
Dollar crash in 2021
Currencies
Degiro Negative Balance Advice
Traders Hideout
 
Best Threads (Most Thanked)
in the last 7 days on futures io
VWAP for stock index futures trading?
27 thanks
Coronavirus COVID-19
23 thanks
Emini 4 Tick Scalp still valid?
18 thanks
Price Action Kewltech Style
17 thanks
Is back testing a waste of time?
13 thanks
 
(login for full post details)
  #92 (permalink)
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.

 
(login for full post details)
  #93 (permalink)
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?

 
(login for full post details)
  #94 (permalink)
Reno, Nevada
 
Experience: Advanced
Platform: NinjaTrader
Trading: ZN, ZB, CL
 
phantomtrader's Avatar
 
Posts: 330 since May 2011
Thanks: 76 given, 536 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 4 users say Thank You to phantomtrader for this post:
 
(login for full post details)
  #95 (permalink)
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




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.


 
(login for full post details)
  #96 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,057 since Jun 2009
Thanks: 31,661 given, 95,060 received


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

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal
The following 2 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #97 (permalink)
Raleigh, NC
 
Experience: Intermediate
Platform: NinjaTrader
 
Posts: 25 since Sep 2010
Thanks: 9 given, 20 received

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:
 
(login for full post details)
  #98 (permalink)
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.

 
(login for full post details)
  #99 (permalink)
Wilmington Delaware
 
 
Posts: 15 since May 2019
Thanks: 2 given, 14 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.

 
(login for full post details)
  #100 (permalink)
Rochester NH/USA and soon to be Inglis FL
 
Experience: Intermediate
Platform: NinjaTrader, TOS
Broker: TOS,Infinity,NT
Trading: ES,YM,NQ
 
jerrt's Avatar
 
Posts: 250 since Nov 2017
Thanks: 1,019 given, 602 received


Thanks for sharing, you have my interest.

Visit my futures io Trade Journal

Closed Thread

futures io Trading Community Psychology and Money Management > Millionaire in 10 weeks & Conversation with broker


August 5, 2019


Upcoming Webinars and Events
     



Copyright © 2020 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