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Millionaire in 10 weeks & Conversation with broker


Discussion in Psychology and Money Management

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Millionaire in 10 weeks & Conversation with broker

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  #51 (permalink)
London United kingdom
 
 
Posts: 11 since May 2018
Thanks: 0 given, 1 received


MerlinWorld View Post
Yes.

As I mentioned above, I am in transition between TradeStation and my new broker. I don't have my 2 clouds indicator coded in C# Sharp (btw, if anyone know how to program C#, PM me, I will send you my indicator code for conversion) and on my new broker's charting software yet.

That's why the screenshots where you see my 2 clouds are on my TradeStation charting software and the screenshots where I made my trades are on MultiCharts.

Also, you always test live a new idea first on a sim and then with real $.

Hey, I primarily use Ninjatrader to backtest so I am familiar with C#, would you want to PM the code for me to play around with? Would love to try this out and try some backtests.


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  #52 (permalink)
London United kingdom
 
 
Posts: 11 since May 2018
Thanks: 0 given, 1 received

In reply to your PM (As I have less than 5 posts and am not allowed to PM)

Well I am not familiar with the MultiCharts proprietary language so I would have to have a look at their manual for what arguments Plot1() and AverageFC() accept, and what else is a requirement for a MultiChart indicator. I'm sure it is not massively different to Ninjatrader

As I said on my post, I am looking to test this on Ninjatrader. Are you looking for someone to learn MultiCharts and code something for you?

Kind regards,

Andy

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



fxFlux View Post
Hey, I primarily use Ninjatrader to backtest so I am familiar with C#, would you want to PM the code for me to play around with? Would love to try this out and try some backtests.


PM sent, let me know if you got it.

 
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  #54 (permalink)
Birmingham UK
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TST/Rithmic
Trading: YM/Gold
 
ratfink's Avatar
 
Posts: 3,651 since Dec 2012
Thanks: 17,422 given, 8,401 received


MerlinWorld View Post
So stay tuned, you never know where this thread will be next week from now.

You are simply missing a few points.

a) We've seen it all before, many times.

b) Your indicator is nothing special and neither is your money management system. There are many better structural indicators and I was using a fully automated version of a much finer resolution scaling many years ago. I just completely failed the psychology test when I hit the first major drawdown well into the process and got cocky, complacent, casual and started changing things. This was despite achieving a 67% win rate with a negative 0.8 R:R to get the 2000% in 3 months over a fully documented 170+ real money trades.

There are several examples on FIO of similar indicators and similar money management systems in use.

c) The stats were Tim's. I wish you well with yours.

d) Unless you automate it fully your success will depend entirely on your psychology.

e) If you do automate fully then it depends on whether you have any sort of system at all, which you don't, only a very basic indicator.

I am clearly going to be put in the load of knockers camp now, so I will leave you in peace and simply wish you good luck.

Travel Well
Visit my futures io Trade Journal
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  #55 (permalink)
Market Wizard
New Orleans, La (Mardi Gras City)
 
Experience: Advanced
Platform: NinjaTrader
Broker: Ninjatrader / Optimus Futures / AmpFutures
Trading: ES / 6E / 6B / CL
 
DavidHP's Avatar
 
Posts: 1,339 since Aug 2009
Thanks: 9,333 given, 2,345 received


MerlinWorld View Post
Let's not mix my Money Management Technique with my Trading System shall we? It's 2 different things.

I have always believed it is better to shoot for the stars and hit the ceiling
Than to shoot for the ceiling and never get off the floor.
Aim high and dream huge.
(also see my signature)

So...I hope this helps without seeming negative.

Not mixing trading system with money management is part of the problem.

Money Management is nothing if you don't have MONEY.
In order to manage your trading money, you must be making money.
(seems obvious)

If you have a trading system and no money management, you will soon have no money...
If you have money management and no trading system, you will soon have no money...
Results are the same...

If your trading is not making money, you are loosing money no matter how well you manage it..

So the first step is to create an 'edge' that will make money to manage.

Does that make sense?

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Follow me on Twitter
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  #56 (permalink)
London United kingdom
 
 
Posts: 11 since May 2018
Thanks: 0 given, 1 received


MerlinWorld View Post
PM sent, let me know if you got it.

I didn't get anything come through.

 
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  #57 (permalink)
London
 
 
Posts: 147 since Apr 2018
Thanks: 166 given, 77 received


Billicare View Post
Hi @merlin,
i'm new here and this is my first post here (exclude my Introduce).
I don't have 14 years of trading experience, i don't invented perfect trading sistem.
I have only 4 years of learning, attempts, huge losses, sweat and tears... all of you know's.
3 weeks ago i did my first withdrawal 10K from AMP Futures, starting this time with 3.1K, make 12K profit in 11 trading days.
Trading ES, NQ, Euro Bund.
I haven't hard trading system, experimenning constantly with indicators and moving averages...
I haven't right money management system (overtrading, big sizes, chasing...)
If i can make this... you with your experience and systems can make your goal

@merlin Please keep going, i beleve it's possibly (technicaly), but psychologically very difficult.
I speak now about myself - My worst enemy is myself.
Please keep posting here.
About coding indicators: why you not use Sierra chart there are great opportunities of customasing.
You can send me your indicators code, i'm not professional programer, but can try.

GOOOOOOOD luck!!!
P.S. Never stop going!!!

Wow, am I correct in reading that you made 12k in 11 days starting with 3k! That is phenomenal.

Are you day trading and do you mind sharing the bare bones of your strategy (What indicators you use, how you enter trades and time frames etc).

Thanks!

Sent using the futures.io mobile app

 
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  #58 (permalink)
London United kingdom
 
 
Posts: 11 since May 2018
Thanks: 0 given, 1 received


MerlinWorld View Post
PM sent, let me know if you got it.

I got your last PM

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


fxFlux View Post
I got your last PM

Yeah I got yours too but I can't reply until the next hour. 1 PM per 60 min.

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



ratfink View Post
You are simply missing a few points.

a) We've seen it all before, many times.

No you didn't. That's what I posted earlier. You cannot say this to a new guy you haven't seen who created an indicator you have never seen.

Anyway, I'm done replying to this type of msg... if you think you've seen what I just invented then you are free to not come back here and seen again that it will fail


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