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Search: Posts Made By: DavidCarmichael
Forum: Emini and Emicro Index May 24th, 2020, 07:16 PM
Replies: 22
Views: 6,676
Posted By DavidCarmichael
Your explanation above is pretty much correct. ...

Your explanation above is pretty much correct.

If the value of 1 point in your chosen contract is $5, and you set a 1 point stop, then your loss will be limited to $5 (plus any slippage on the...
Forum: Traders Hideout May 24th, 2020, 07:01 PM
Replies: 56
Views: 22,333
Posted By DavidCarmichael
I've always found volume profile and 'order flow'...

I've always found volume profile and 'order flow' frustrating. It seems intuitive, even inevitable, that it contains information that can be exploited . . . But I've never found it myself, despite a...
Forum: EasyLanguage Programming May 24th, 2020, 06:45 PM
Replies: 4
Views: 5,302
Posted By DavidCarmichael
No worries :) I just did some googling - it...

No worries :)

I just did some googling - it looks like Crabel's a hedge funder nowadays - he's no doubt using more sophisticated methodologies than discussed in that old book, judging from the...
Forum: Psychology and Money Management May 24th, 2020, 06:39 PM
Replies: 41
Views: 9,295
Posted By DavidCarmichael
I like your thinking here - it's about poor...

I like your thinking here - it's about poor trading, and what you need to do psychologically to address that and get back in sync with the market - rather than having an arbitrary dollar limit for...
Forum: Emini and Emicro Index May 23rd, 2020, 03:05 PM
Replies: 12
Views: 4,280
Posted By DavidCarmichael
It does immunise you against a nightmare market...

It does immunise you against a nightmare market decline, yes. Depending on how your profit target order is executed, it might even result in some positive slippage in your favour.

But what if the...
Forum: Psychology and Money Management May 23rd, 2020, 01:58 PM
Replies: 41
Views: 9,295
Posted By DavidCarmichael
I know a lot of people use these daily drawdown...

I know a lot of people use these daily drawdown cutoffs, but unless you're principally a discretionary trader I'm not convinced it makes too much sense. If you're trading systematically then it...
Forum: EasyLanguage Programming May 23rd, 2020, 01:48 PM
Replies: 4
Views: 5,302
Posted By DavidCarmichael
It's interesting that most of your profitable...

It's interesting that most of your profitable trades have been in the first hour of trading. It's almost always higher in volatility for most markets, especially stock indices, but it can also be a...
Forum: Emini and Emicro Index October 6th, 2015, 11:44 AM
Replies: 14
Views: 13,461
Posted By DavidCarmichael
In simple terms, this will depend on your...

In simple terms, this will depend on your philosophy about how markets behave. If you think that they are irrational and can sustain behaviour beyond the limits of what you would expect a chance...
Forum: Emini and Emicro Index October 6th, 2015, 11:36 AM
Replies: 2
Views: 1,371
Posted By DavidCarmichael
You can't do that. The order books of the...

You can't do that.

The order books of the CME don't accept or hold any stop orders, only limits. In fact, there is no such thing as a stop order, only a limit order and a market order. When you...
Forum: Emini and Emicro Index October 6th, 2015, 11:32 AM
Replies: 5
Views: 9,245
Posted By DavidCarmichael
Dark Pools for Futures?

I've just finished reading the Scott Patterson book 'Dark Pools' (a good read, but not quite as good as 'The Quants'!), which mostly focuses on the way in which these relate to equity trading,...
Forum: Emini and Emicro Index October 6th, 2015, 11:24 AM
Replies: 10
Views: 4,148
Posted By DavidCarmichael
I understand what you are getting at here, but...

I understand what you are getting at here, but there's a sense in which the average (and only) order size on any exchange that permits partial fills of one contract units, will always be one.

If I...
Forum: Emini and Emicro Index October 6th, 2015, 11:05 AM
Replies: 22
Views: 6,710
Posted By DavidCarmichael
I think one of the biggest risk issues is...

I think one of the biggest risk issues is probably the fact that the leverage is actually part of the contract and it is fixed. Increasing or decreasing the amount of leverage used can be one way...
Forum: TradeStation September 16th, 2015, 05:41 PM
Replies: 24
Views: 24,846
Posted By DavidCarmichael
I've used my own TradeStation automated...

I've used my own TradeStation automated strategies - there's nothing wrong with the platform or execution, but that's not saying anything about strategies from a particular vendor.

Here's a...
Forum: Traders Hideout September 16th, 2015, 05:34 PM
Replies: 10,645
Views: 14,245,416
Posted By DavidCarmichael
Hello, I'm new here so thought I'd introduce...

Hello,

I'm new here so thought I'd introduce myself . . .

Been trading for a little while and have a good working knowledge of programming EasyLanguage for TradeStation and MultiCharts. I'm no...
Forum: TradeStation September 16th, 2015, 05:32 PM
Replies: 10
Views: 8,342
Posted By DavidCarmichael
Yes - control the width of the (colored) plot...

Yes - control the width of the (colored) plot through the paintbar EasyLanguage using plot width rather than by formatting the symbol. Hope that helps!
Showing results 1 to 15 of 15

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