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

  #131 (permalink)
Montreal
 
 
Posts: 128 since Jan 2013


r3torcr0 View Post
I will eagerly await your testing results!

Thank you.

Once the indicator code will be done, I will post it on the forum and everybody will be able to chip in and tell me how it can be inserted in a profitable strategy.

 
  #132 (permalink)
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  #133 (permalink)
Montreal
 
Trading Experience: Intermediate
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MerlinWorld View Post
I will but right now, I don't have any. One thing at a time shall we...

Step 1: Convert this EasyLanguage 2 clouds indicator into C#

Step 2: Create a mastermind of traders/programmers to discuss entry strategies around the indicator.

Then and ONLY THEN, we will be able to define the rules or entry and exit but we are not there yet.

It's coming soon though.

According to your own words, you don't have a system here. All you have is an indicator that maybe looks good. You want other people to come up with rules, ie a system, based on your indicator. And you start a thread about making a million in 10 weeks. Do you see how that comes across? If you know EL, then you should have been able to do all this work yourself on TS. But for some reason you didn't and now you want other people to come up with a system for you, and you want this for no charge? Will this system be automated? Trading a .3 renko chart on the Russell is a very fast chart. Will you be able to enter the trades fast enough? If you wanted help, this method is maybe not the best way to go about it. I really do wish you luck and I hope you can say I told you so but it seems like you are lazy.

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  #134 (permalink)
Montreal
 
 
Posts: 128 since Jan 2013


olobay View Post
All you have is an indicator that maybe looks good.

Maybe looks good??? Maybe???

Show me ONE....JUST ONE indicator that would have pinpointed a better entry than mine here.

I don't pay because IT HAS VALUE. You don't see it so because you think it's worthless, you want me to pay for it.

If it was THAT worthless, why would I get multiple PMs today to help me build it for free? That's because THEY SEE THE VALUE in it that you don't.

It's just a difference in POV that's all.

Personally it just blows my mind that you don't see the obvious potential it has here but I respect your pov.

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  #135 (permalink)
Montreal
 
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TraderDoc007 View Post
Can I suggest you write your exact entry and exit rules out on paper and implement those rules 100% of the time.


MerlinWorld View Post
I will but right now, I don't have any. One thing at a time shall we...

Step 1: Convert this EasyLanguage 2 clouds indicator into C#

Step 2: Create a mastermind of traders/programmers to discuss entry strategies around the indicator.

Then and ONLY THEN, we will be able to define the rules or entry and exit but we are not there yet.

It's coming soon though.


How would you have entered there? According to your own words, you do not have rules to define entry or exit other than risk 5 ticks to make 50 ticks.

You posted Tim's backtest results but that was Tim using HIS system, not yours. He was using your money management method which is fine and fair, but he had a system. All you have is an indicator. No system. It's very easy to look at the left side of a chart and say I would have entered here and exited here with my 50 ticks.

I don't trade the micro TF but does it have enough liquidity to handle 18 contracts? Again, a .3 renko chart is very fast.

Your statement about not paying because it has value does not make any sense. If it has value, then you should have paid to get it coded last week because it has value. You can always get the programmer to sign a non-disclosure agreement. You want other people to create a system for you, using your indicator.

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  #136 (permalink)
Montreal
 
 
Posts: 128 since Jan 2013


olobay View Post
How would you have entered there? According to your own words, you do not have rules to define entry or exit other than risk 5 ticks to make 50 ticks.

You posted Tim's backtest results but that was Tim using HIS system, not yours. He was using your money management method which is fine and fair, but he had a system. All you have is an indicator. No system. It's very easy to look at the left side of a chart and say I would have entered here and exited here with my 50 ticks.

I don't trade the micro TF but does it have enough liquidity to handle 18 contracts? Again, a .3 renko chart is very fast.

I'm done talking to you. Have a nice day.

 
  #137 (permalink)
Montreal
 
Trading Experience: Intermediate
Platform: MultiCharts
Broker/Data: IB Canada/Rithmic
Favorite Futures: CL
 
Posts: 313 since Jul 2011
Thanks: 327 given, 396 received

Good luck to you!

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  #138 (permalink)
Montreal
 
 
Posts: 128 since Jan 2013

Je peux pas faire ca, Il n'y a pas de sable a Montreal ;-)

Have a nice day.

 
  #139 (permalink)
Wilmington Delaware
 
 
Posts: 7 since May 2019
Thanks: 0 given, 7 received


MerlinWorld View Post
Joe,

Do you stop at 2 or do you double again?


I continue to increase the contract size by 1 as my account size grows. The idea is to use my earnings in the futures market to fund the next contract. I want to make 1 deposit into my brokerage account and never have to make another deposit into it again.

 
  #140 (permalink)
Montreal
 
 
Posts: 128 since Jan 2013



Joseph H View Post
I continue to increase the contract size by 1 as my account size grows. The idea is to use my earnings in the futures market to fund the next contract. I want to make 1 deposit into my brokerage account and never have to make another deposit into it again.

And how many contracts have you traded max?

That was a big topic of discussion on TradeStation as to what is the bottleneck on the liquidity of the Russell to be able to get in and out with 50+ contracts.

Nobody on TS, despite their years of experience seem to know the max number of Russell Mini contract (RTY) we can get in or out without suffering large slippage even on limit orders.

As you can see, we start with the Micro M2K contract but fairly soon move to the Mini RTY contract but at this point, we believe that we will stall around Level-5. That will be part of the test once the indicator and system will be programmed and backtested.

That's the beauty of this concept because by starting at only $25, we don't really care (ok maybe a little hehe) whether we lose it all at the $50,000 or $100,000 level because we will know we started with only $25 and we played with the stock market's money.

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