how many bars is a signal worth?
futures io futures trading

how many bars is a signal worth?

Traders Hideout

Created January 7th 2013 by mcteague
Updated January 7th 2013 by wldman
looks_onewldman with 1 posts (1 thanks)
looks_twomcteague with 1 posts (0 thanks)
trending_up2,574 views
thumb_up1 thanks given
forum2 replies
attach_file0 attachments

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 100,000 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

Thread Tools Search this Thread

how many bars is a signal worth?

  #1 (permalink)
New York NY USA
Trading Experience: Beginner
Platform: esignal, ninjatrader,
Favorite Futures: Stocks
Posts: 114 since Oct 2012
Thanks: 59 given, 32 received

how many bars is a signal worth?

I could use a good rule of thumb from more experienced traders. Something like "until I hit my target or the market clearly reverses against me, I will hold my positions at least X bars.
My short of the ES from 1455 at 10:55 this morning was a pretty good trade. I should have pocketed at least 3 points. But I did not, I only made 1/2 a point.

Why? Because I am not waiting for my signals to pan out. There were plenty of signals for that trade. But then I watch the candles moving up and down. I am up a little. I am down a little. Maybe its reversing? Some signals look a little weaker. Should have closed when I was up a point. It came back in my direction. Good lets take the profit.

Then it just rides along, as I had predicted. As my signals said that it would. But I am out and annoyed with myself.

So I ask you experienced traders, How long should I stay with my signals before I figure they are no longer valid?


Reply With Quote

Can you help answer these questions
from other members on futures io?
Day Trading University
Trading Reviews and Vendors
Renko charts with IB data feed?
Beginners and Introductions
UWT Alternative
Stocks and ETFs
Float Study in Easy Language code but need help converting to thinkscript
CME Globex | Dynamic Circuit Breakers
Traders Hideout
Best Threads (Most Thanked)
in the last 7 days on futures io
ES futures Spoo-nalysis SP500/SPX
277 thanks
Recession? Depression? Bailout!
161 thanks
Coronavirus COVID-19
160 thanks
Is Orderflow An Outdated Concept?
159 thanks
Gold Futures (GC) main discussion
52 thanks
  #3 (permalink)
Legendary Market Wizard
Chicago Illinois USA
Trading Experience: Advanced
Broker/Data: IB, ToS
Favorite Futures: /ES, US Equities/Options
wldman's Avatar
Posts: 3,114 since Aug 2011
Thanks: 1,745 given, 7,133 received

Your first two...

statements are all you will ever need on that topic. Granted that is much easier stared than demonstrated. I use a tertiary target mechanism that in theory would leave the last "unit" in place until an aggressive late triggered trailer is hit or until I get an entry signal the other way.

On Risk...again easy in theory but not so much in application. I use a defined hard stop based on recent short term high/low or I exit as soon as any supporting premis for entry is no longer valid.


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


futures io Trading Community Traders Hideout > how many bars is a signal worth?

Thread Tools Search this Thread
Search this Thread:

Advanced Search

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

futures io is celebrating 10-years w/ over $18,000 in prizes!

Right now

$250 Amazon Gift Cards with our "Thanks Contest" challenge!

Right now

Social Media Predictive Data for Traders w/Joe Gits @ SMA [and Lime Brokerage]

Apr 9

Similar Threads
Thread Thread Starter Forum Replies Last Post
Discipline and Self-worth Anagami Psychology and Money Management 14 January 26th, 2017 10:42 AM
Magic Bean Bars for Sierra Chart (port of eman's momentum bars) vegasfoster The Elite Circle 20 August 9th, 2014 06:16 AM
is it really worth it? Silvester17 Commodities 99 February 21st, 2012 09:56 PM
M6B is it worth it? petrmac Currencies 2 February 9th, 2012 06:43 PM
Encoding a Hold signal for "X" bars? fredesch NinjaTrader 6 May 12th, 2011 02:05 AM

All times are GMT -4. The time now is 06:47 PM. (this page content is cached, log in for real-time version)

Copyright © 2020 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