ToS, Futures, and finally being successful - futures io
futures io futures trading

ToS, Futures, and finally being successful

Discussion in Traders Hideout

    1. trending_up 2,347 views
    2. thumb_up 2 thanks given
    3. group 0 followers
    1. forum 2 posts
    2. attach_file 0 attachments

Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 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)

Search this Thread

ToS, Futures, and finally being successful

(login for full post details)
  #1 (permalink)
Bay Area, CA
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received

Hey Cloudy...

Thanks for the reply in the introductions forum. I didn't want to reply there since it was just for introductions but I did want to take a moment to tell you a bit about what worked for me in the appropriate forum.

As I said in my post, I trade purely on get in out signals. There is so thinking or feeling about it. Every time I did this, I sucked at it and failed. My emotions would get in the way all the time.

So I programmed my strategies and did (I use ToS as well) the back testing on the ToS charts using the reports they do. I trade on 1 and 2 hour charts so I use the OnDemand feature to go back to December 7 2009. I export all the trades from that day forward and bring it in to a spreadsheet. Then I have to make adjustments to the numbers there because the results aren't perfect every time and I have to paste 3 different reports together into one report. It's a pain in the ass but a very needed thing for me so I must do it.

Then I plot the P/L on a simple chart in Excel to see what the profit curve looks like. With Futures I always do 1 contract in all my reports. Just easier this way. Another thing if you do this, always add 2 ticks against you on entry and exit trades for slippage. This will REALLY tell you which strategies are worth a damn or not. I had a number of them I was trading live and once I did that the profits on the report when to crap - no wonder I wasn't making any money. Finally /YM, /SB, and /KC still look great even with 2 ticks of slippage on all entries and exits.

Prodigio still has a long way to go.. I can't wait for it to be a lot better than it is right now so I don't have to enter all these orders in every morning and day.

You said you're only a few years into it and struggling. Let me tell you something, this is not easy and never ever give up. If you want it back enough you will stick with it and don't get frustrated. I gave myself 10 years to get it right and finally after 7 I'm profitable.

Let me know if you have any questions. I am more than happy to answer any further questions you have. Books I thought were good, things I've learned, etc... Ask away if you like!



Reply With Quote
The following user says Thank You to Allistah for this post:

Can you help answer these questions
from other members on futures io?
If ES tracks SPX, why do support/resistance, Level 2, vo …
Emini and Emicro Index
MACD line not plotting after change of plot order
NT8 indicator to simulate a Funding Evaluation where to …
ZigZag with Depth and Backstep
EasyLanguage Programming
Help Needed: TOS Options Chain IV & IMPL MOVE Calcul …
(login for full post details)
  #3 (permalink)
desert CA
Experience: Intermediate
Platform: NT7, SC, ToS
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
Posts: 2,134 since Jul 2011
Thanks: 2,387 given, 1,723 received

Hi Alliyah,

Thanks very much for sharing and elaborating! Yes, I had been trying TOS's dom on 5min and 1min with mixed success on the 6e and ES. Before I had tried a scam signal service which was based on the daily and weekly charts and had horrible results. (how did I know it was a scam? I took results and saved them on a spreadsheet. After I had quit the signal service, I compared 6 months later what results the scammer was posting on his ad website. completely different equity curve off by +$60k! which would have been losing or at best floundering, and I saw the "historical" trades I hadn't seen when I was using it ,pop out of thin air to make the equity curve back into an upward slope , ha) So it sounds great you have a system you backtested on the 1hr for /ZC, /SB, and /YM. And with 1 hr based setups you don't have to worry as much about slippage and overall sluggishness of TOS which is horrible for daytrading by scalping. I assume you were using TOS's "thinkback" and on "ondemand"? "thinkback" does require a little different way of programming than regular TOS chart strategies doesn't it? I've made some modified strategies and the required boolean functions for TOS scan, but I haven't tried "thinkback" yet. I saw Prodigio, looks very nice and using the graphical only setup for coding. I hope it's based on a separate and faster application than TOS desktop. Thanks for the advice not to give up. Glad to hear you preserve red after a long road to consistent profitability. I'll try to keep that in mind on my own trading.
Right now I'm mostly doing options and TOS scans. I have a journal just starting out in the journal category.



Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Cloudy for this post:

futures io Trading Community Traders Hideout > ToS, Futures, and finally being successful

Last Updated on July 22, 2011

Upcoming Webinars and Events

NinjaTrader Indicator Challenge!


Battlestations! Show us your trading desk - $1,500 in prizes!


Importance of Finding Your Own Way w/Adam Grimes

Elite only

Journal Challenge w/Jigsaw


Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432,
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