Timeframe makes all the difference - Traders Hideout | futures io social day trading
futures io futures trading


Timeframe makes all the difference
Updated: Views / Replies:992 / 2
Created: by frostengine Attachments:0

Welcome to futures io.

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

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

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

Reply
 
Thread Tools Search this Thread
 

Timeframe makes all the difference

  #1 (permalink)
Elite Member
baton rouge
 
Futures Experience: Advanced
Platform: NinjaTrader
 
Posts: 23 since Mar 2010
Thanks: 0 given, 7 received

Timeframe makes all the difference

I am trying something a little different, normally I build day trading strategies, but find it very difficult to overcome slippage and commissions on the tight time frame. For instance, on ES if I have a strategy that is yielding $50 per trade. After adding in $5 (rounded) for commissions, and then 1 tick slippage in both directions, I am now left with only +$20 per trade expectancy and a horrible looking equity curve.

To combat this, I am having my "bot" now produce automated analysis on the daily time frame for S&P stocks. So far this seems very promising. For tomorrow for instance I have a handful of stocks to buy with an expectancy of several percent for a potential 5 day hold. I think changing time frames may make being profitable easier.. Thoughts?

I have a blog set up to keep track of my picks and results as I see how it works going forward. If you want to keep up with how its doing, check it out MyStockAnalysis.com.... I will also post some summary results in this thread.

For example based on historical results, I am expecting to earn +3.5% on NEM in the next 5 trading days.. Even after significant slippage, the equity curve looks great. Have you tried something similar? Good results? Bad?

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,220 received


The larger time frame, generally the larger the reward per trade (and the risk...). This helps you more easily overcome entry barriers like slippage and commission, as they become a smaller and smaller percentage of your profit from each trade.

Just make sure you aren't overly curve fitting. That is infinitely easier to do the larger and larger time frame you optimize against. Most strategies I am toying with these days are trading thousands of times a week, because I tend to think a strategy should be good at something a discretionary trader isn't -- such as high-speed, low latency, fast round turns, etc. This also generally means I personally focus on smaller time frames, not larger ones, with my strategies.

Are you already a profitable discretionary trader?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote

Reply



futures io > > > Timeframe makes all the difference

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Trendlines not matching from Higher Timeframe to lower Timeframe? bluemele NinjaTrader 26 October 8th, 2012 03:35 PM
Why the difference? fesx The Elite Circle 6 November 25th, 2011 10:49 PM
Multi-Timeframe in a strategy max-td NinjaTrader Programming 30 July 22nd, 2010 01:35 PM
sensitivity multi-timeframe trick (small timeframe on bigger one) SARdynamite NinjaTrader Programming 4 July 15th, 2010 03:57 PM
Basic TimeFrame Pattern wh The Elite Circle 0 October 8th, 2009 05:39 AM


All times are GMT -4. The time now is 07:55 PM.

Copyright © 2017 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
Page generated 2017-12-12 in 0.11 seconds with 19 queries on phoenix via your IP 54.234.255.29